Electric Water Heater Market Size in Europe 2020 Growth Analysis | Trends, Drivers and Forecasts 2026
Category: #energy-and-environment  By Ronak Bora  Date: 2021-04-17
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Electric Water Heater Market Size in Europe 2020 Growth Analysis | Trends, Drivers and Forecasts 2026

The Europe electric water heater market size from the storage product segment is expected to observe considerable gains over the forecast spell. This is owing to the easy user interface, compact electrical installation, and simple designs.

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In terms of segmentation by capacity, the market share from the < 30 liters segment is set to account for a major share. The growth can be attributed to the rising demand for hot water in the Nordic countries, coupled with the mounting deployment of the systems in the residential sector. Additionally, the 250-400 liters segment is likely to exhibit a notable growth rate in years ahead, due to the growing private and public investments to develop large commercial buildings as well as the military establishment in the region.

With regards to the application spectrum, the commercial segment is poised to depict a considerable growth rate in the foreseeable future, driven by the rising investments for infrastructural development and installation of advanced units. Industry players have been making targeted efforts to integrate solar-powered units in government as well as military establishments.

High infrastructural spending to adopt smart city outputs & zero-emission buildings, alongside the stimulating instant heating technologies demand in hospitals and offices, is positively influencing the Europe electric water heater industry outlook. The residential application segment is likely to account for a major share in years to come, owing to the increasing real estate & housing projects as well as robust adoption of advanced instant water heaters.

However, the ongoing COVID-19 pandemic has posed key challenges to the overall installation and production of electric water heaters in Europe. The disruptions in the demand and supply chain due to the pandemic may hamper Europe electric water heater industry forecast over the estimated timeframe.

France electric water heater market will witness growth on account of rapid adoption of advanced instant water heating technologies along with robust expansion of commercial establishment. Rising urbanization coupled with increasing demand across the real estate industry will fuel the business scenario. In addition, declining household electricity prices followed by adoption of self-solar power generation across the residential sector will accelerate the product demand.

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Leading companies are focusing toward strategic alliances for product innovation including mergers & acquisitions and strategic alliances. Key players operating in electric water heater market in Europe are A.O Smith, Hubbell, Haier Electronics, Bosch Thermotechnology, Whirlpool Corporation, Ferroli, General Electric Appliances, Viessmann group and Stiebel Eltron amongst others.

Browse Related Report:

Asia Pacific Electric Water Heater Market Size By Application (Residential, Commercial [College/University, Office, Government/Military]), By Product (Instant, Storage), By Capacity (< 30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, > 400 Liters), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026

https://www.graphicalresearch.com/industry-insights/1260/apac-electric-water-heater-market

Table of Contents (ToC) of the report:

Chapter 3   Electric Water Heater Market Trends

3.1    Industry coverage

3.2    Industry size & forecast, 2015 – 2026

3.3    Value chain analysis

3.3.1    Company product snapshot

3.4    Innovation landscape

3.5    COVID - 19 impact on the industry outlook

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Market drivers

3.7.2    Market restraints

3.8    Industry analysis - Porter's

3.9    Product growth mapping

3.10    Competitive benchmarking, 2019

3.11    PEST Analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1566/europe-electric-water-heater-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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