This study offers a comprehensive, 360 degree analysis on the Electric Water Heater Market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Electric Water Heater Market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
The growing construction activities and development of the building infrastructure are driving the electric water heating demand across commercial establishments in the European countries. On the other hand, demand for solar water heaters is rising among the South American and the Middle East and African countries. Several governments in these regions are subsidizing on procuring solar power water heaters, which is enabling the individuals to adopt the same quickly. Also, governments are creating awareness related to the benefits of solar power, such as renewable and environmentally friendly energy.
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Leading Key Market Players:- A. O. Smith Corporation, Ariston Thermo Group SpA, Bosch Group, Bajaj Electricals Ltd, Haier Smart Home Co., Ltd, Midea Group Co., Ltd, Siemens AG, Viessmann Werke GmbH & Co. KG, and Whirlpool Corporation, among others.
- The study provides an in-depth analysis of the global Electric Water Heater Market to elucidate the prominent investment pockets.
- Current trends and future estimations are outlined to determine the overall attractiveness and single out profitable trends to gain a stronger foothold in the market.
- The report provides information related to key drivers, restraints, and opportunities and their impact analysis.
- The market is analyzed based on various regions, namely, North America, Europe, Asia-Pacific, and LAMEA.
Water heating accounts for a considerable proportion of domestic energy use in all economies. The electric storages water heater comes in two product types, such as storage electric water heater and non-storage water heater. The electric storages water heater used where the electric element provides heating, and they are used in homes and businesses. While the non-storage water heater includes an instantaneous water heater, which heats the water instantly, such types of heaters are best suited for homes. It can lessen water heating costs by half as it is able to adjust the amount of electricity required to warm up the water.
It provides industry linkages, business strategies and proposals to invest in new projects, and includes market conditions, market share, growth rates, future trends, market drivers, challenge. This report focuses on the global status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electric Water Heater in United States, Europe and China.
The report analyzes factors affecting Electric Water Heater Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Electric Water Heater Market in these regions.
The report segments the global electric water heater market as follows:
Global Electric Water Heater Market – By Product
Global Electric Water Heater Market – By Application
Global Electric Water Heater Market – By Geography
- North America
- Rest of Europe
- Asia Pacific (APAC)
- South Korea
- Rest of APAC
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA
- South America (MEA)
- Rest of SAM
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