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The grid-interactive water heater market size has the potential to grow by USD 56.13 million during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 4.68%.
This report provides a detailed analysis of the market by end-user (residential and non-residential), geography (North America, Europe, APAC, South America, and MEA), and key vendors.
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The report analyzes the market's competitive landscape and offers information on several market vendors, including:
The grid-interactive water heater market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as growth in energy consumption to achieve growth opportunities. However, factors such as capital intensive nature of the market will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the grid-interactive water heater market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies,
This grid-interactive water heater market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
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86% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for grid-interactive water heaters in North America. However, market growth in this region will be slower than the growth of the market in Europe and South America.
The investments in the residential sector is one of the prime factors that will facilitate the grid-interactive water heater market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
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Grid-interactive water heater is mainly used in the residential segment as it is used for bathing, cleaning, and cooking. Fast-paced industrialization in developing countries will also impact this market positively. Owing to the growing middle-class population and increasing disposable incomes, this segment is expected to drive the grid enabled water heater market during the forecast period. Therefore, the growth of the market segment is expected to be significant throughout the forecast period.
However, the post COVID19 impact has brought forth a slowdown in the residential segment for the product like water heaters. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the grid-interactive water heater market size.
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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