Global Water Heaters Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Water Heaters Market Report by The Business Research Company covers water heaters market drivers and restraints, water heaters market size, major players, and the impact of COVID-19 on the water heaters market.
The water heaters market consists of sales of water heaters. A water heater is a device used for heating water above its ambient temperature, used generally for domestic purposes.
Rapid urbanization is expected to contribute to the growth of the water heaters market in the forecast period.
The global water heaters market is expected to grow from $38.59 billion in 2020 to $42.68 billion in 2021 at a compound annual growth rate (CAGR) of 10.6%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $62.05 billion in 2025 at a CAGR of 10%.
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Some water heaters market trends include water heater manufacturers increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to the stringent government regulations on electric home appliances and advances in technology. Energy efficient appliances are designed to utilize minimum energy to complete the required task. Currently, over 80 countries have standards and labels for energy efficient appliances.
Global water heaters market segments include:
1) By Product Type: Solar Heaters, Electric Heaters, Gas And Propane Heaters, Geothermal Heaters.
2) By End User: Residential, Commercial, Industrial.
3) By Distribution Channel: Supermarket/Hypermarket, Specialty Stores, E-Commerce, Others (Wholesalers, Distributors).
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Water Heaters Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides water heaters market overviews, analyzes and forecasts market size, share, water heaters market players, water heaters market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The water heaters market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Water Heaters Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Siemens AG, Bajaj Electricals Ltd, Bradford White, Rinnai, HTP, Bradford White, Rheem Manufacturing Co, Heat Transfer Products Inc, Bradford White Corp, Noritz Corp, Crompton Greaves Ltd, Haier Water Heater Co. Ltd, Ariston Thermo SPA, Sun Tank, Alternate Energy Technologies, A.O Smith, Viessmann, Rheem manufacturing, Wagner Solar, Linuo Ritter, Bosch, Racold, V Guard Industries, Himin Solar Energy, Chromagen, Venus Home Appliances, AO Smith, Rheem Manufacturing, Siemens, Ariston Thermo, Bajaj Electricals.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Water Heaters Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Water Heaters Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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