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Electric Water Heater Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71316
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Electric Water Heater market growth will increase by $6809.45 million during 2020-2025.
The electric water heater market is expected to grow at a CAGR of 5.56% during 2020-2025.
Technavio has segmented the electric water heater market by product (Storage electric water heater and Tankless electric water heater) ,end user (Residential and Commercial) , and distribution channel (Offline and Online).
A. O. Smith Corp., Ariston Thermo Spa, ATC Electrical and Mechanical Ltd., Bajaj Electricals Ltd., Bandini Scaldabagni SpA, Bradford White Corp., Crompton Greaves Consumer Electricals Ltd., General Electric Co., Haier Smart Home Co. Ltd., Rinnai Corp. are a few of the key vendors in the electric water heater market.
APAC will register the highest growth rate of 49.77% among the other regions. Therefore, the electric water heater market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Japan
  • South Korea (Republic of Korea)
  • UK
The key factors driving the electric water heater market growth are:
  • Technological innovations in design and higher efficiency
The electric water heater market vendors should focus on grabbing business opportunities from the Storage electric water heater segment as it accounted for the largest market share in the base year.
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