Electric Water Heater Market Size & Share set for accelerated growth by 2028

The global Electric Water Heater Market research report, recently added by Value Market Research, is entailed of various market parameters including market outlook, share, trends, growth, value and factors that are currently influencing the market dynamics. The report discloses forecast for the period 2021-2028 based on the historical data. Additionally, this report also maps the recent strategic developments of key players along with their market share.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electric water heater market include A.O. Smith, AquaMAX, Ariston, Atwood, Bosch, Bradford White Corporation, Eemax, General Electric (GE), Haier Electronics, Havells, Hubbell, Kenmore, Marey Heater Corp, Racold, Reliance Water Heaters, Rheem Manufacturing Company, State Water Heaters, Stiebel Eltron, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments. 

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Market Dynamics

The prime factors driving the global electric water heater market include growing urbanization, increasing residential and commercial projects, and industrial construction projects. Increasing demand for electric water heaters for domestic applications such as cooking, bathing and cleaning, and commercial applications such as hospitals and hotels contributes to the growth of the market. Many industries are opting for electric heaters to fulfill their need for hot water during production processes resulting in increased demand for the electric heaters. Moreover, factors such as the introduction of innovative products such as instant water heaters, and growing adoption for smart homes are fuelling the market. The COVID19 pandemic is likely to hamper the global market owing to reduced production and disrupted supply chain.           

The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.

Additionally, these tools also give inclusive assessment of each application/product segment in the global market of electric water heater.

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Market Segmentation

The entire Electric Water Heater market has been sub-categorized into product, application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.

By Product

•          Storage water heaters
•          Non-storage/tankless water heaters

By Application

•          Commercial
•          Residential

Regional Analysis

This section covers regional segmentation which accentuates on current and future demand for electric water heater market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.

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