The project report includes Present Market Position and Expected Future Demand, Market Size, Statistics, Trends, SWOT Analysis, and Forecasts. The report provides a comprehensive analysis from industry covering detailed reporting and evaluates the position of the industry by providing insights into the SWOT analysis of the industry.
According to a new market report published by Credence Research Inc., “Electric Water Heater Market (Storage Tank Electric Water Heaters and Tankless (On-demand) Electric Water Heaters) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”, the market for electric water heaters is expected to expand at 7.3% CAGR between the forecast period 2015 – 2022.
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Purpose of the Report
The purpose of this strategic research study titled “Global Electric Water Heater Market- Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global electric heater industry.
- Industry Investors
- Electric Heater Manufacturers
- Electric Heater Distributors
- HVAC Manufacturers
- Component Manufacturers
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Product and Market Insights
Electric water heaters are fast gaining popularity among consumers worldwide. The on-going infrastructural development resulting in increased number of residential and commercial projects have generated demand for range of electric water heaters including storage-tank and heat pump water heaters. The economic recovery post economic instability, especially in the developed economies like North America and Europe is also expected to have positive impact on the market growth as the average commercial and household expenditures is on a rise. On an average, water heating accounts for nearly 20 percent of the energy costs of a residential unit. Taking this into account, the new energy efficiency standards enacted by the governments across the globe are expected to curb the utility bills by 30 to 40 percent depending upon the electric water heater capacity and technology deployed.
This report analyzes the global electric water heater market in terms of product type, end-use application, and geographical distribution. On the basis of product type, the market is segmented into storage tank electric heaters and tankless (on-demand) electric water heaters. Similarly, on the basis of end-use, the global electric water heaters market is further classified into industrial, residential, and commercial segments. The geographical distribution of the global electric water heater market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
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