PPT-Gas Water Heater Market: Global Market Insights, Inc.

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Gas Water Heater Market 2016 2024
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Global Market Scenario of Gas Water Heater

• Global Gas Water Heater Market size is forecast
  to grow at over 5 CAGR from 2016 to 2024.
  Growing infrastructure spending and real estate
  development on a global scale has led to high
  consumption.
• increased disposable income has resulted in
  significant installed base and replacement
  demand, which is projected to fuel revenue in the
  coming years.
• Growth in the housing industry will continue
  being the most significant driving force for
  revenue over the forecast timeframe.
• Consumer preferences for advanced and
  sophisticated products are forecast to present an
  attractive growth opportunity for companies
  operating in the gas water heaters market. 

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• The presence of piped gas networks will bolster
  the industry over the next few years. Other
  competing technologies include solar, hybrid,
  andelectric water heater market.
• Electric products occupy significant share on
  account of high degree of convenience, increased
  safety, and awareness regarding the benefits of
  these devices.
• Major product segments include storage and
  tankless heaters. Storage based products offer
  higher ease of usage however, the tankless
  segment is set to witness growth in the coming
  years due to their energy efficient nature and
  environmental sustainability. 
• Residential gas water heater market share
  dominated the global industry revenue in 2015,
  which can be attributed to the large number of
  households. Additionally, growth in the
  construction industry and demand for multiple
  devices per home will contribute to revenue.
• Get more detail _at_ https//www.gminsights.com/indus
  try-analysis/gas-water-heater-market

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360 Analysis

• Application Analysis
• Buyers typically look into features such as brand
  presence and warranty coverage while making the
  purchase decision. Technological developments
  include the introduction of digital displays that
  not only help monitor levels but also allow
  customize operation. In the case of solar
  products, this added feature helps provide
  information on pressure readings, as well as
  collector and tank temperatures. Glass-lined
  tanks are forecast to gain prominence in the case
  of storage products, since they reduce corrosion
  and increase the life of the device.
• Regional Analysis
• Asia Pacific gas water heaters market share is
  poised to remain the largest regional industry
  over the forecast timeline. The region is
  characterized by high demand from countries such
  as China, Japan, and India. Furthermore,
  considerable number of industries and commercial
  settings will be responsible for estimated
  growth. Europe and U.S. gas water heater market
  is mature in nature, with demand projected to be
  steady in the coming years.  
• Competitive Market ShareMajor players in the
  industry include Rheem, American Water Heater
  Company, Crompton Greaves, Bradford White, A.O.
  Smith, Rinnai America Corp., Siemens, Haier, etc.
  In order to gain competitive advantage, these
  companies focus on developing energy efficient
  products suited for a wide range of end-use
  areas. Other strategies include focus on branding
  for gaining a robust consumer base.

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