crystalmarketresearch.com Offers an widespread Research Study on the Global Electric Water Heater Market, And Its Entire Ecosystem, Describes the Market Trends, best market price, Growth, Forecast, Drivers, Restraints And Opportunities Of The Electric Water Heater Market.
Rising tank less water heaters demand and increasing disposable earnings is expected to fuel the growth of the global market. Factors like temperature control across longer period, energy efficiency, and enhanced environmental sustainability are projected to boost the products demand. Rising demand for wide household applications like cleaning, bathing, and cooking, plus from commercial areas like hotels and hospital may drive the growth of global electric water heaters market. Enhanced infrastructure in rural regions is expected to unlock a new opportunity for industry participants.
The electric water heaters market is distinguished by amplified energy efficiency, safety awareness, and quality standards. Electricity fluctuation and shortages might hamper the global market growth. Rising preference for alternative fuels like solar power as well as acceptance of hybrid products might act as restraining factors for growth of global market during the forecast period. Hybrid water heater functions on over two energy sources thus rendering switching choice to users. Volatile raw material prices, Increasing electricity prices, and changes in government policies are anticipated to hinder the market demand.
Industry Highlights:
In 2012, the global electric water heaters market was valued around USD 14.67 billion and is anticipated to reach approximately USD 31.36 billion by 2022 while maintaining a compound annual growth rate (CAGR) of 7.08% during the forecast period owing to rising residential housing projects across the world.
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Competitive Insights 2018:
Major market players in global electric water heaters market are AquaMax, A. O. Smith Corporation, Ariston Thermo (Racold), Bradford White Corporation, Bosch, Eemax, Rheem Manufacturing Company, General Electric, Zenith, and Havells. Global electric water heater industry share is widely fused and the three leading market players report for over 90% of the global market share. Midea Group, AO Smith, and Haier Appliances have considerable market share in Chinese market. In addition, there are several other state-owned and private companies present in China. Racold is probably the major player in India; it is followed by Bajaj, AO Smith, Venus, Haier, and Havells. Initiatives to invest more for R&D activities will allow market participants to present superior product features. Besides, key market players are also launching new processes and products in an attempt to achieve competitive benefit.
Industry Outlook 2018 and Trend Analysis:
Residential applications segment involve bathing, cooking, cleaning, and space heating. The residential segment is expected to continue to be a major application during the forecast years. This section includes products that range from 120V to 240V. Single phase 120V water heater with 2.7 gallons of capacity is used commonly as under sink attachments for washing out sinks owing to low capacity necessities. The commercial water heaters are employed in places of apartment houses, business, hospitals, commercial buildings, and hotels. Rising commercial development like schools, hotels, restaurants, etc. might fuel the growth of the electric water heaters market.
Regional Outlook:
Asia Pacific region is expected to be the major regional market during the projected period due to developing markets like India and China. The North American electric water heaters regional market is likely to experience growth mainly owing to rising demand for replacement. The correction to the National Energy Conservation Act during April 2015 and strict energy efficiency standards might hamper the growth of North American market.
On a global front, the Electric Water Heater Market covers North America (United States, Canada and Mexico), Europe (Germany, UK, France, Russia, Italy, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific), South America (Brazil, Argentina, Columbia, Rest of South America) and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA).
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Main TOC of Electric Water Heater Market:
Chapter1. Introduction
Chapter2. Executive Summary
Chapter3. Market Overview
Chapter4. Market Analysis by Regions
Chapter5. Electric Water Heater Market, By Product
Chapter6. Electric Water Heater Market, By Application
Chapter7. Electric Water Heater Market, By Region
Chapter9. Company Profiles
7.5. Bosch
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Key Financials
7.5.4. Strategic Developments
7.6. Bradford White Corporation
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Strategic Developments
7.7. Eemax
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Strategic Developments
7.8. General Electric (GE)
7.8.1. Business Overview
7.8.2. Product Portfolio
7.8.3. Strategic Developments
7.9. Haier Electronics
7.9.1. Business Overview
7.9.2. Product Portfolio
7.9.3. Key Financials
7.9.4. Strategic Developments
…CONTINUED FOR TOC
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List of Figure:
Figure 1.Global Electric Water Heaters Market Share, By Product, 2016 & 2025
Figure 2.Global Electric Water Heaters Market, By Application, 2016, ($Million)
Figure 3.Global Electric Water Heaters Market, By Region, 2016, ($Million)
Figure 4.A.O. Smith: Net Revenues, 2014-2016 ($Million)
Figure 5.A.O. Smith: Net Revenue Share, By Segment, 2016
Figure 6.A.O. Smith: Net Revenue Share, By Geography, 2016
Figure 7.AquaMAX: Net Revenues, 2014-2016 ($Million)
Figure 8.AquaMAX: Net Revenue Share, By Segment, 2016
Figure 9.AquaMAX: Net Revenue Share, By Geography, 2016
Figure 10.Bosch: Net Revenues, 2014-2016 ($Million)
Figure 11.Bosch: Net Revenue Share, By Segment, 2016
Figure 12.Bosch: Net Revenue Share, By Geography, 2016
Figure 13.Haier Electronics: Net Revenues, 2014-2016 ($Million)
Figure 14.Haier Electronics: Net Revenue Share, By Segment, 2016
Figure 15.Haier Electronics: Net Revenue Share, By Geography, 2016
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