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Water heater market growing at 6.03% CAGR by 2021 according to new research report

Industrial Market Research

Water Heater Market a new research document covering detailed analysis, competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like Americas, APAC, EMEA and important players/vendors such as A.O.Smith, Bradford White, GENERAL ELECTRIC, and Rheem Manufacturing Company etc. The report will help user gain market insights, future trends and growth prospects for forecast period of 2017-2021.

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Water Heater Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

Complete report on the Water Heater Market Research Report spread across 78 pages, profiling 14 companies with table of content is now available at .

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Other Prominent Vendors in the market are: Rinnai, Midea Group, Guangdong Vanward New Electric, Eccotemp Systems, Haier, Noritz, Bosch, Reliance Water Heater Company, HTP, and Electrolux.

The latest trend gaining momentum in the market is Emergence of hybrid water heaters. Hybrid water heaters are a mix of solar water heaters and conventional water heaters, which are manufactured to overcome the drawbacks of normal water heaters.

This innovation has become popular in the market. Hybrid water heaters are more energy efficient and effective than conventional water heaters and standard solar water heaters.

These water heaters use the latest technology and consume lesser energy than conventional water heaters.

According to the report, one of the major drivers for this market is Increasing usage of solar water heaters. Conventional water heaters either use electricity or non-renewable energy sources like coal and gas.

With the rising prices of these energy sources, end-users are increasingly adopting solar water heaters. This is driving the global water heater market.

Solar water heaters require minimal maintenance cost and run on solar energy to produce hot water. This reduces their dependency on electricity and gas.

Different campaigning initiatives and various government agencies educate consumers on the benefits of using solar water heaters. The governments of various countries such as China, Germany, and Japan have mandated the installation of solar water heaters in new buildings and constructions.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Access this Report at .

Further, the report states that one of the major factors hindering the growth of this market is High installation and maintenance cost. The initial cost of installing a water heater is higher than its alternatives.

Maintenance costs associated with water heaters are also relatively high. This eliminates long-term cost benefits, thereby making it difficult for retailers to convince users to adopt water heaters.

Consumers also face difficulties with installation and are skeptical about the complexity involved in operating these products. For instance, solar water heaters have their own specific installation requirements.

This is because they need some free space to receive a minimum amount of sunlight to operate. Thus, the operation of a solar water heating equipment can be a difficult task, making the use of traditional water heating methods convenient.

The report covers the present scenario and the growth prospects of the global water heater market for 2017-2021. To calculate the market size, the report considers the sales/volume/value and exclude new installations/shipments/ retrofit/replacement/spares/aftermarket/services market.

The global water heater market is driven by several growth factors such as the increasing demand for tankless water heaters due to their energy-efficiency and requirement of less storage space. The rising demand for solar water heaters is another major driver in the market.

There is a growing demand for hybrid water heaters in the market due to the focus of vendors on developing energy-efficient hybrid water heaters.

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?           

What are the key market trends?                                               

What is driving this industry?                                  

What are the challenges to market growth?

Who are the key vendors in this industry space?       

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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