DUBLIN--(BUSINESS WIRE)--The "Electric Water Heater Market to 2027 - Global Analysis and Forecasts By Product; Application" report has been added to ResearchAndMarkets.com's offering.
The global electric water heater market accounted for US$ 14.07 Bn in 2018 and is expected to grow at a CAGR of 4.9% over the forecast period 2019-2027, to account for US$ 21.47 Bn by 2027.
Alike urban migration leading to a rise in the residential sector, the development of the commercial sector is also flourishing across the globe. The commercial sectors in the developed countries are constantly seeking enhanced technologies in order to serve their customers with advanced solutions, while the sector in developing countries is striving hard to improve technologically robust infrastructure.
The commercial sector in the electric water heater market include commerce zones, shopping malls, hotels, hospitals, and public infrastructures. The owners or leasers of these infrastructures procure water heaters in decent quantity owing to the fact that, these infrastructure experience a significantly large footfall regularly. Intending to serve each individual in these infrastructures, the demand for a technologically robust, less energy-consuming electric water heater is at a constant rise. This factor is driving the electric water heater market.
The tourism industry is constantly enlarging in developing countries, and owing to this, the development curve of hotel infrastructure is continually upward. The rising number of hotel buildings is escalating the demand for commercial grade water heaters in the current scenario, as the hotel owners emphasize heavily on their services to their customers. Hot water is one of the significant factors in the hospitality industry, and owing to this, the demand for water heaters is an all-time high. Apart from rooms, hot water is also used in kitchen areas of the hotels.
Owing to the fact that the electric water heaters overcome the disadvantages of gas water heaters, the demand for electric water heaters is continuously growing in the hospitality industry, thereby bolstering the revenue size of electric water heaters. Similar to the hospitality industry, the medical & healthcare sector also demands an increased quantity of electric water heaters, owing to the fact that hot water plays a critical role in hospitals and healthcare institutions.
- AO Smith Corporation
- Ariston Thermo S.p.A
- Bajaj Electricals Ltd.
- Bradford White Corp.
- Whirlpool Corporation
- Haier Inc.
- Midea Group
- Bosch Thermotechnology
- Siemens AG
- Viesmann Group
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the electric water heater market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to product, capacity, application.
Key Topics Covered:
2. Key Takeaways
3. Research Methodology
4. Electric Water Heater Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
5. Electric Water Heater Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Rising Urban Immigration In Developing Countries and Developed Nations
5.1.2 Stimulating Commercialization in Different Countries
5.2 Key Market Restraints
5.2.1 Demand for Renewable Sources for Water Heating
5.3 Key Market Opportunities
5.3.1 Accentuating Adoption of Electric Water Heaters in Developing Countries
5.4 Future Trends
5.4.1 Premiumization of Electric Water Heaters
5.5 Impact Analysis of Drivers and Restraints
6. Electric Water Heater Market - Global Market Analysis
6.1 Global Electric Water Heater Market Overview
6.2 Global Electric Water Heater market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Electric Water Heater Market - By Product
7.2 Electric Water Heater Market Breakdown, by Product, 2018 and 2027
8. Electric Water Heater Market - By Application
8.2 Electric Water Heater Market Breakdown, by Application, 2018 & 2027
9. Global Electric Water Heater Market - Geographic Analysis
9.2 North America Electric Water Heater Market Revenue and Forecast To 2027
9.3 Europe Electric Water Heater Market Revenue and Forecast To 2027
9.4 APAC Electric Water Heater Market, Revenue and Forecast To 2027
9.5 MEA Electric Water Heater Market Revenue and Forecast To 2027
9.6 SAM Electric Water Heater Market, Revenue and Forecast to 2027
10. Electric Water Heater Market - Industry Landscape
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Development
11. Electric Water Heater Market - Company Profiles
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