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The global water heater market size was valued at USD 17,772 million in 2018 and expected to grow at a CAGR of 5.7% during the forecast period. A water heater is an apparatus used for heating and usually storing the water for domestic and commercial application.
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Orion Market Research Global Water Heater Market, Size, Share, Analysis Report & Forecast to 2023 To Request a Sample of our Report on Global Water Heater Market: https://www.omrglobal.com/request-sample/water-heater-market Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404
Global Water Heater market is estimated to reach $28.5 billion in 2027, by growing at a CAGR of 5.2% during the forecast period (2021-2027). Major factors driving the growth of global water heaters market are government subsidy on energy efficient water heaters and growing adoption of water heaters in industrial and commercial industry over boilers for the same purpose. Government subsidies and incentives have been driving the adoption and installation of water heater especially solar water heaters across the globe. For instance, in 2018, as per Energy Star, the incentives range from $20 to $2,000 both for solar water heaters in the US. Moreover, despite the decline in average incentives for heat pump water heater, gas storage water heaters, and commercial water heaters; the average incentives for tankless gas water heaters and solar water heaters increased $246 to $248 and $485 to $519 respectively in the US. (Get 15% Discount on Buying this Report) A full Report of Global Water Heater Market is Available at: https://www.omrglobal.com/industry- reports/water-heater-market IoT innovation improving the performance of water heaters While IoT has been gaining popularity in lighting and home security industries, the technology is also transforming the commercial water heating. The capability of using an app for getting real-time performance data offers benefits to water heater manufacturers, plumbing contractors and commercial businesses who rely on a steady, cost-effective supply of hot water. IoT in water heating system can save energy in a number of ways. A user is allowed to control the heating system; for instance, lowering the temperature of the heater when no one is in the home. It can also include web-based or mobile app control through which the temperature can be adjusted from anywhere. The water heating companies are collaborating with IoT companies for adding connectivity in their boilers. For instance, in September 2016, Aquanta Inc. entered into a collaboration with Ayla Network, under which IoT technology of Ayla Network has enabled remote and convenient control of Aquanta Water Heater, via a smartphone or web- enabled device. To Request a Sample of our Report on Global Water Heater Market: https://www.omrglobal.com/request-sample/water-heater-market Scope of the Global Water Heater Market Market Coverage • • • • • Market number available - 2021-2027 Base year- 2020 Forecast period- 2021-2027 Segment Covered- By Energy Source, Mode of water Supply and End user Regions Covered- North America (US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World (Middle East and Africa, Latin America)
• Competitive Landscape- A. O. Smith Corp., Ariston Thermo SPA, Bradford White Corp., Crompton Greaves Ltd., General Electric Co., Haier Electronics Group Co., Ltd., Noritz Corp., Rheem Manufacturing Company, Rinnai Corp., and Siemens AG. Recent Strategic Initiatives in the Global Water Heater Market •In January 2019 Noritz Corp. acquired PB Heat Company which is Bally, Pennsylvania based company. The company is the manufacturer of high-efficiency steel and iron boilers and manufacturer of indirect-fired water heaters. Through this acquisition, the company demands to increase their product portfolio, and to work effectively in competitive environment. Global Water Heater Market-Segmentation By Energy Source •Gas • Electricity •Hybrid •Solar By Mode of Water supply •On-Demand or Tank-Less Water Heater •Storage or Tank Water Heater By End user •Residential •Commercial •Industrial Global Water Heater Market– Segment by Country North America •US •Canada Europe •UK •Germany •France
•Italy •Spain •Rest of Europe Asia-Pacific •China •Japan •India •Rest of Asia-Pacific Rest of the World Company Profiles •A. O. Smith Corp. • Ariston Thermo SPA, Bradford White Corp. • Crompton Greaves Ltd. •General Electric Co. • Haier Electronics Group Co., Ltd • Noritz Corp. • Rheem Manufacturing Company, •Rinnai Corp. •Siemens AG. •Stiebel Eltron, Inc. •Venus Home Appliances (P) Ltd. •Zhongshan Inse Group Co, Ltd. Reasons to Buying From us – 1. We cover more than 15 major industries, further segmented into more than 90 sectors. 2. More than 120 countries are for analysis. 3. Over 100+ paid data sources mined for investigation. 4. Our expert research analysts answer all your questions before and after purchasing your report. For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/water-heater-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. For More Information, Visit Orion Market Research
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