Water Heaters Global Market Report 2022 – By Product Type (Solar Heaters, Electric Heaters, Gas and Propane Heaters, Geothermal Heaters), By End User (Residential, Commercial, Industrial), By Distribution channel (Supermarket/Hypermarket, Specialty Stores, E-Commerce) – Market Size, Trends, And Global Forecast 2022-2026
What is the definition of 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.
How will the water heaters market drivers and restraints affect water heaters market dynamics? What forces will shape the water heaters
The water heaters market growth is aided by the growth in the urban population coupled with the rise in disposable incomes and affordability among residents of cities. However, some water heaters market restraints include rising electricity prices coupled with the rising power outages, and high installation costs of solar water heaters.
What is the forecast market size of the water heaters market?
The water heaters market is expected to reach $53.58 billion in 2026 at a rate of 11.8%.
How is the water heaters segmented?
The global water heaters market is segmented -
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
Which region has largest share, and what is the market size and growth by geography according to the water heaters global market report?
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Who are the key players of the water heaters market?
Top competitors in the water heaters market are Siemens AG, Bajaj Electricals Ltd, Bradford White, Rinnai, HTP, Bradford White, Rheem Manufacturing Co, Heat Transfer Products Inc, and Bradford White Corp.
What are the key trends in the water heaters market?
Major trends influencing the water heaters market include the increasing production of 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.
What are the major opportunities in the water heaters market and the approaches companies can take to take advantage of them?
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How does the water heaters market relate to the overall economy and other similar markets?
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