Water Heater Market to Post Growth at 6.03% CAGR to 2021, Expects Infiniti Research in Its Insightful Report Recently Added at MarketPublishers.com23 Aug 2017 • by Natalie Aster
LONDON – A water heater is one of the key energy consumers in households. The zie and type of water heaters used for household and commercial applications depend on culture and climate. The worldwide water heater market is propelled by a number of favourable factors comprising escalating demand for tankless water heaters owing to their requirement of less storage space and energy-efficiency. Another important market driver is the elevating demand for solar water heaters. Furthermore, there is an increasing demand for hybrid water heaters in the global market owing to the enhancing focus of vendors on the development of energy-efficient hybrid water heaters. However, high installation and maintenance costs could hamper growth in the water heater market in the year ahead.
The world’s market for water heaters will likely gain momentum at a 6.03% CAGR over 2017-2021.
Prominent market trends that are expected to have positive influence on the water heater market dynamics include introduction of smart water heaters, increasing number of mergers and acquisitions in this field and emergence of hybrid water heaters.
A.O.Smith, GENERAL ELECTRIC, Bradford White and Rheem Manufacturing Company are the most prominent participants in the water heater marketplace.
The cutting-edge insightful report “Global Water Heater Market 2017-2021” created by Infiniti Research presents an extensive analysis of the current scenario in the water heater market at different geographical levels. This report features the market landscape and dynamics, provides in-depth insights into the market segmentation, estimates the market shares and gives a profound overview of the key forces responsible for the water heater market growth and development. Important market data (size, value, volume, growth rates, etc.) are disclosed in this report along with valuable info on the competitive landscape and top players. Additionally, this report gives access to future forecasts of the water heater market development during 2017-2021.
Note that this in-demand report is available at a discounted price until August 31!
For many other in-demand research reports by this publisher visit Infiniti Research catalogue at MarketPublishers.com.