Electric Water Heater Market 2020 – 2026 : Share Forecasts, Regional Trends & Growth drivers
Category: #business  By Rahul Varpe  Date: 2021-08-31
  • share
  • Twitter
  • Facebook
  • LinkedIn
Electric Water Heater Market 2020 – 2026 : Share Forecasts, Regional Trends & Growth drivers

The electric water heater market likely to register tremendous gains over the coming years owing to growing demand from residential and commercial sectors, consumer awareness toward smart and efficient systems, favorable initiatives towards replacement of conventional water heaters, and high need for savings in electricity bills. Water heaters are considered as one of the most important appliances for both residential and commercial sectors. These heaters provide quick and effective method for receiving hot water instantly to fixtures and faucets.

Electric water heaters are mostly utilized for heating up water. These type of water heaters work from inside out, by warming the components or rods that are submerged in a storage tank, shifting heat from the components to the water.

In comparison to various types of water heaters, electric water heaters are one of the most affordable option in terms of price. Unlike gas water heater, which requires an extra piping as well as a novel ventilation system, electric water heaters do not need any extra in-home infrastructure, thus the process of installation is fast and simple.

Request sample copy of this report @ https://www.decresearch.com/request-sample/detail/680

In terms of availability, every household is tied to an electric grid, having an additional source for electricity. This means that any household could utilize an electric water heater. Electric water heaters are also one of the safest water heating solutions and also have higher efficiencies in comparison to other types of water heaters in the market. These features are thus anticipated to drive the product demand in the years to come.

The electric water heater market is segmented in terms of product, capacity, application, and regional landscape.

With respect to product, the electric water heater market is classified into instant and storage. Among these storage electric water heaters segment will witness substantial growth over the coming years. Increasing consumer awareness toward smart and efficient systems and product availability in various capacities will augment the product demand.

Based on capacity, the overall market is categorized into less than 30 liters, 30 to 100-liter, 100 to 250-liter, 250 to 400-liter, and more than 400 liters. Among these more than 400 liters capacity water heaters segment will witness robust growth owing to increase in investments regarding development of large villas as well as homes.

Make Inquiry about this report @ https://www.decresearch.com/inquiry-before-buying/680

In terms of application, the overall electric water heater market is segmented into residential and commercial. Among these, residential segment will witness substantial growth over the coming years. Favorable initiatives towards replacement of conventional water heaters and increasing need for savings in electricity bills will boost the product demand in the coming years.

From a regional frame of reference, electric water heater market in India will account for around 9% revenue share by the end of the analysis time period. Many key market players are coming up with new and technologically advanced products in order to meet the customer requirements.

Table Of Content

Chapter 1   Methodology & Scope

1.1    Methodology

1.2    Market definitions

1.3    Market estimates & forecast parameters

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid sources

1.4.2.2    Public sources

Chapter 2   Executive Summary

2.1    Electric water heater market 3600 synopsis, 2015 – 2026

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Capacity trends

2.1.4    Application trends

2.1.5    Regional trends

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

Read More >>

More News By Rahul Varpe

Construction Site Preparation Equipment Market : Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast
Construction Site Preparation Equipment Market : Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast
By Rahul Varpe

The construction site preparation equipment market is expected to grow substantially by 2028 on account of rising number of public infrastructure development projects worldwide. In addition, increasing investments towards R&D activities from manu...

Concrete Chain Saw Market Global Industry Analysis, By System, Growth Potential, Share, Top Key Players, Trends & Forecast
Concrete Chain Saw Market Global Industry Analysis, By System, Growth Potential, Share, Top Key Players, Trends & Forecast
By Rahul Varpe

The concrete chain saw market is slated to witness exponential growth by 2028 on account of the booming construction and building maintenance sector around the world. In addition, growing awareness regarding the benefits of using a concrete chainsaw ...

Stand Tile Saw Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast
Stand Tile Saw Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast
By Rahul Varpe

The stand tile saw market is poised to expand substantially by 2028 on account of burgeoning number of construction activities around the globe. In addition, rapid urbanization and rising consumer spending across key regions are likely to further pro...