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(Hosting-NewsWire.com, January 12, 2018 ) Water Heaters are the appliances used to heat the water above their initial temperature. They are commonly used for residential applications such as cooking, cleaning, bathing and space heating. Apart from this, water heaters also finds application in large industries such as chemical, thermal power plants and various manufacturing facilities. Water heaters uses numerous energy sources such as electricity, gas, solar, geothermal to supply hot water. Deployment of specific type depends on cost effective availability of the source and application.
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Development in hybrid solution to use both solar as well as electric energy and rapid urbanization is driving the demand for water heaters for several commercial and industrial applications. Further, demand for renewable source of energy and replacement of old water heaters with advanced energy saving heaters is expected to increase the demand in near future. Leading players forming strategic alliance with technology companies to cater to the demand for advanced heating solutions is identified as one of the major trends in the global Water Heater market.
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The objectives of this report are as follows:
- To provide overview of the global Water Heater market
- To analyze and forecast the global Water Heater market on the basis of product type, storage type and end - use.
- To provide market size and forecast till 2025 for overall Water Heater market with respect to five major regions, namely; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM), which are later sub - segmented across respective major countries.
- To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.
- To provide exhaustive PEST analysis for all five regions.
- To profiles key Water Heater players influencing the market along with their SWOT analysis and market strategies.
Some of the important players in Water Heater market are Venus Home Appliances (P) Ltd., AO Smith Corporation, Rheem Manufacturing Co., Siemens AG, HTP Inc., Ariston Thermo SPA, Bajaj Electricals Ltd., Bradford White Corp., Haier Electronics Group Co., Ltd., and Noritz Corp.
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