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Water Heater Market research, Industry Outlook, Current Trends and Forecast by 2026

A new report on Water Heater market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Water Heater market in tandem with its competitive terrain.

The introduction of stringent regulatory norms pertaining to the replacement of conventional water heating systems with energy efficient heaters across domestic as well as commercial applications will augment the market share. Global Market Insights, Inc., forecasts that global water heater market will witness an annual installation of more than 165 million units by 2026.

Water heater industry share can be segmented into natural gas and LPG based on fuel. The natural gas segment is poised to record substantial gains due to advantages such as efficient heating capability, excellent mass flow and comparatively lower operation cost. In addition, the product comes with a bunch of features that enable users to control functions such as temperature, ignition, and gas flow.

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Ongoing building & construction and infrastructure development activities worldwide along with robust growth of the service sector is driving global water heater market forecast. The demand for instant, low power consumption water heating technologies is surging. This will undeniably accelerate the product installation, particularly across residential establishments.

Water Heater Market research, Industry Outlook, Current Trends and Forecast by 2026
Water Heater Market research, Industry Outlook, Current Trends and Forecast by 2026

Request Sample Copy of this Report @ https://www.cuereport.com/request-sample/43701

On the basis of product, water heater market share is classified into instant and storage. Instant water heating technologies are anticipated to experience increasing adoption over the next few years. This can be attributed to the robust demand for efficient water heating systems with lower power consumption and lower costs. Considerably lower standby losses along with growing installation of instant water heating technologies across commercial settings such as offices and hospitals to address the hot water demands of consumers will complement water heater industry landscape in the near future.

Water heater market share can be bifurcated into residential and commercial applications. Residential application is expected to gain traction in the coming years due to increasing investments in the retail sector along with the development of new and refurbishment of existing infrastructure. Respective governments are spending heavily on the construction of smart spaces and green infrastructure which will comprehensively foster the business growth across residential applications. Dedicated investments in R&D to introduce new and innovative technologies to meet the ever-growing demand for energy-efficient water heaters will boost the industry scope.

The product finds extensive application in hotels and resorts on account of their superior mass flow. Strict regulatory guidelines pertaining to the safety during product installation and placement of vent pipes may hamper the product demand up to certain extent. However, growing adoption across remote off-grid regions will bolster the industry outlook in the coming years.

Europe water heater market is poised to register lucrative growth over the forecast timeframe. This can be largely credited to presence of stringent regulatory framework pertaining to the carbon emissions. According to the European Commission, eco-design and labelling directives govern the technological advancements and water level standards regarding smart control heaters. The surging demand for seasonal heating due to extreme climatic conditions and unpredictable climatic changes will drive the regional growth. Abundant availability of natural gas resources in European countries will present ample growth opportunities for regional water heater manufacturers.

Whirlpool, Bosch, A.O. Smith, and Rheem Manufacturing are some of the major industry players operating in global water heater market. Industry participants constantly rely on strategic mergers and acquisitions and explore collaboration opportunities from time to time to gain a strong foothold in the market.

Major Highlights from Table of contents are listed below for quick lookup into Water Heater Market report

Chapter 1. Methodology and Scope

  • Definitions & forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2. Executive Summary

  • Business trends of Water Heater Market
  • Product trends
  • Application trends

Chapter 3. Water Heater Industry Insights

  • Water Heater Market Industry segmentation
  • Industry landscape
  • Analysis of Manufacturers in the Water Heater industry
  • Distribution channel analysis
  • End-use landscape
  • Vendor matrix
  • Water Heater Market Technology & innovation landscape
  • Industry impact forces
  • Water Heater Market Growth drivers
  • Industry pitfalls & challenges
  • Key trends by Segments

Chapter 4. Company Profiles

  • Business Overview of Water Heater Market Companies
  • Financial Data
  • Product Landscape
  • Strategic Outlook and Decisive Analysis of companies in Water Heater Market
  • SWOT Analysis

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