Electric Water Heater Market Segment by Applications, Manufacturers, Regions and Forecast to 2025

(IT-NEWSWIRE.COM, May 14, 2018 ) Global electric water heater market was valued approximately USD 15.08 billion in 2016 and is anticipated to grow with 5.9% compound annual growth rate over the forecast period. Electric water heaters are largely installed for household applications such as cooking, washing, bathing, laundry and washing purposes. All the residential applications accounted more than 85% of the total market share in 2016. In a broader scenario, residential sector has been matured in terms of demand & installations, however, commercial places such as hospitals, hotels, restaurants, shopping malls, and public places are likely to spur huge demand over the coming years. This increase in demand from commercial sector is attributed to the factors such as real estate development, development of tankless water heaters, increasing disposable income, and change in preference towards the superior quality of life.

Furthermore, recent technological developments such as hybrid water heaters and air to heat technology are also likely to fuel the demand over the coming eight years. The market has been broadly segmented into storage type, end use and regions. Each of the segment has been further divided as follows:
Some of the key manufacturers involved in the market are:

American Electric Water Heater
Ariston Thermo SpA
Haier Group
Havells India Ltd.
Kenmore
Rheem Manufacturing
HTP, Inc.
Whirlpool
Eemax Water Heaters
FREE |Request Sample Copy of Electric Water Heater Market @ http://www.reportsweb.com/inquiry&RW00011932387/sample

Storage Type:

- Tank

- Tankless / Instantaneous

End-Use

- Commercial

- Residential

Storage type electric water heaters accounted for more than 89% of the total market share in 2016. The advent of automation using IoT and other techniques have provided lucrative growth over the last decade. However, with the development of tankless heating technology, this trend has been swapped. Tankless heaters provide hot water when required, this has omitted the standby energy loss with the tank type heaters. Tankless heaters are highly efficient and are available in various shapes & sizes, which makes them suitable for various point of use applications & places. Owing to such factors tankless water heaters are estimated to grow with the highest CAGR over the forecast period.

Some of the key players involved in the market are; A.O. Smith Corporation, Rheem Manufacturing Company, and Bradford White Corporation. These key players have a strong foothold in the industry due to their wide product offerings and geographical presence. The above-mentioned companies accounted more than 50% of the total market share in 2016. The industry is also experiencing new entrants such as Kenmore and Eemax which are exclusively designing smart tankless water heaters. Further, merger and acquisition is the key strategy adopted by key players, this has enabled them to gain competitive advantages and their hands on recent technological developments. Furthermore, it also helps to increase the sales presence in different regions and countries. For instance, A.O. Smith Corporation has acquired Ohio-based William R. Hague, Inc. this acquisition has helped A.O. Smith to get their access to water softening technology.

Regions:

North America, U.S., Canada, Europe, UK, Germany, Asia Pacific, China, India, Japan, Latin America, Brazil, Mexico, Rest of the World.

TOC :

Chapter 1. Research Methodology
1.1. Research Process
1.1.1. Data Mining
1.1.2. Analysis
1.1.3. Market Estimation
1.1.4. Validation
1.1.5. Publishing
1.2. Research Assumption
Chapter 2. Global Electric Water Heater Market Definition & Scope
2.1. Objective of The Study
2.2. Market Definition
2.3. Scope of The Study
2.4. Years Considered for The Study
2.5. Currency Conversion Rates
2.6. Report Limitation
Chapter 3. Executive Summary
3.1. Key Trends
3.2. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion/Million)
Chapter 4. Global Electric Water Heater Industry Dynamics

List of Tables

TABLE 1. LIST OF SECONDARY SOURCES, USED IN THE STUDY OF GLOBAL Electric Water Heater Market
TABLE 2. LIST OF PRIMARY SOURCES, USED IN THE STUDY OF GLOBAL Electric Water Heater Market
TABLE 3. GLOBAL Electric Water Heater Market, REPORT SCOPE
TABLE 4. YEARS CONSIDERED FOR THE STUDY
TABLE 5. EXCHANGE RATES CONSIDERED
TABLE 6. GLOBAL Electric Water Heater Market ESTIMATES & FORECASTS BY REGION 2015-2025 (USD MILLION/BILLION)

List of Figures

FIG 1. GLOBAL Electric Water Heater Market, RESEARCH METHODOLOGY
FIG 2. GLOBAL Electric Water Heater Market, MARKET ESTIMATION TECHNIQUES
FIG 3. MARKET SIZE ESTIMATES & FORECAST METHODS
FIG 4. GLOBAL Electric Water Heater Market, KEY TRENDS 2016
FIG 5. GLOBAL Electric Water Heater Market, GROWTH PROSPECTS 2017-2025
FIG 6. GLOBAL Electric Water Heater Market, PORTERS 5 FORCE MODEL

Else place an Inquire before Purchase “Global Electric Water Heater Market Size, Status and Forecast 2025 "@ http://www.reportsweb.com/inquiry&RW00011932387/buying

(Note: If you have any special requirements, please let us know and we will offer you the report as you want.)

ReportsWeb.com

Rajat Sahni

+1-646-491-9876

sales@reportsweb.com

Source: EmailWire.Com

Source: EmailWire.com

Technology News & Search Engine

Electric Water Heater Market Segment by Applications, Manufacturers, Regions and Forecast to 2025