Electric Water Heater Industry poised to exceed 130 million units by 2024 - PowerPoint PPT Presentation

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Electric Water Heater Industry poised to exceed 130 million units by 2024


For More Information @ Mounting demand across domestic applications such as space heating, cooking, cleaning and bathing is likely to spur industry demand from 2016 to 2024. Growing demand from the healthcare and hospitality sectors is also likely to fuel the global electric water heaters market share. Growth in the construction sector along with replacement for aging equipment in various sectors owing to rising disposable income may catapult growth over the next few years. – PowerPoint PPT presentation

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Title: Electric Water Heater Industry poised to exceed 130 million units by 2024

Global Electric Water Heater Market share to
reach 33.22bn by 2024 Global Market Insights
Fuel Cell Market size worth 25.5bn by 2024
Industry Overview
  • Global Electric Water Heater Market size was
    evaluated at 17.6 billion for 2015 and is
    predicted to register a CAGR of 7.51 during
    forecast timeframe. Rising demand from household
    applications like bathing, space heating,
    cleaning and cooking is predicted to increase
    product demand during forecast timeframe.
  • Growing demand for hot water from hospitals and
    hotels is also predicted to be key factor driving
    industry growth. Development in construction
    industry coupled with substitution for aging
    device in different segments due to increasing
    disposable income can propel electric water
    heater industry expansion in future.
  • Electric water heater market price trend can
    inhibit industry growth owing to related
    operating expenses. However, these systems
    provide price advantage over fuel fired systems
    related to maintenance, design and deployment.
    Further, rising need to be equipped with new
    technological features is also predicted to drive
    industry growth.

Product Trends
  • Global electric water heater market is segmented
    into products like tankless or non storage based
    products and storage based products.
  • Tankless products segment is predicted to expand
    rapidly in future and growing acceptance of these
    products all across the globe is credited to
    segment expansion.
  • Storage based products segment was evaluated at
    11.7 billion for 2015 and is predicted to
    register CAGR of 6.81 during forecast timeframe.
    These products are installed in regions with
    limited or broken power supply and are primarily
    installed in residential sectors. All these
    factors are predicted to contribute towards
    segment growth.
  • Today, consumers prefer high-end products due to
    fast changing lifestyles and increasing
    disposable incomes.

India Electric Water Heaters Market share, by
product, 2013-2024 (Million Units)


Browse Full Market Research Report Of Electric
Water Heater Market _at_ https//goo.gl/9Dm36y
Request for a Sample of this Research report
_at_ https//www.gminsights.com/request-sample/detail
Application Trends
  • Global electric water heater industry is
    segmented into commercial and residential
    applications.Commercial applications segment is
    predicted to expand rapidly during forecast
  • Residential application segment contributed more
    than 80.1 of overall electric water heaters
    market share for 2015 and is projected to
    register CAGR of 6.91 during forecast timeline.
    It is anticipated to experience average
    development along with heavy industry penetration.

Regional Trends
  • Global electric water heater market is segmented
    into geographical regions like APAC, Latin
    America, North America, MEA and Europe.APAC, with
    heavy demand from India and China electric water
    heater market share, contributed more than 28.1
    of total consumption for 2015. This region is
    predicted to register CAGR of about 10.8 during
    forecast timeline. Growth in nations like Japan,
    China and India is forecast to promote product
    demand in the region.
  • U.S. electric water heater industry is predicted
    to experience growth due to rising investments in
    commercial as well as residential construction
    sectors. North American industry has contributed
    substantially to overall revenue generation as
    compared to low product demand.

Competitive Trends
  • Key industry participants profiled in the report
    include Reliance Holmes Heating Incorporation,
    Bradford White Corporation, Atwood Mobile
    Products, Venus Home Appliances, Ariston Thermo,
    AO Smith Corporation, Hubbell Incorporated,
    General Electric, AquaMax Private Limited, Haier
    Electronics, Eemax, Kenmore, Midea Group, Bosch
    Thermotechnology, Racold, State Water Heaters,
    Whirlpool Corporation, Rheem Manufacturing
    Company, Marey Heater Corporation, Stiebel
    Eltron, Zenith Water Heaters and Havells.

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