The electric water heater market is slated to observe heavy growth in the coming years owing to the growing electrification rate, majorly across developing economies. Increasing investments by governments towards their infrastructural development would also add up to the overall market growth through the forecast timespan.

Apart from these trends, increasing preference towards the implementation of energy-efficient electric appliances due to the ever-increasing electric bills would further complement industry outlook through 2026.

Similarly, significant improvement in product performance and design would increase the deployment of electric water heaters. Additionally, strong competition among the electric water heater market counterparts would further complement its growth.

Moreover, improvement in crucial issues including dry firing, calcium deposition, and standby heat losses would augment the product deployment. Furthermore, the development of smart water heaters with integrated AI applications and improved UI capabilities would further support product penetration across several sectors.

Europe is known for its extreme climatic conditions, especially during winters. The region has witnessed a significant adoption of water heating technologies over the years. Regulatory norms also play a key role in the regional growth.

The European government has introduced stringent eco-design norms as well as building standards to promote the adoption of energy-efficient electrical appliances. Europe electric water heater market is slated to witness a notable growth owing to strong product demand across both residential and commercial applications.

In addition, product differentiation through extensive features like remote controlling, voice activation, and leakage detection is likely to encourage product deployment in coming years.

Flexible installation and easy repair as well as maintenance of currently used electrical circuits are projected to impel product deployment in the residential sector. In addition, major market players are increasingly focusing on the forward integration of these systems and also provide customers with extensive post-sale services for their convenience.

Moreover, availability of several capacities and designs that are suitable for a number of user demands is pushing the adoption of electric water heaters in the residential sector. The addition of novel technologies with enhanced performance would also add up to the segment growth and augment overall electric water heater market.

All in all, increasing deployment across residential and commercial sectors, stringent government norms regarding electricity usage, growing technological advancements, and a healthy competitive landscape are overtly indicative of massive growth opportunities for the electric water heater market.

Some of the major market players contributing to the overall market growth include Rinnai, Bosch, Bradford, A.O Smith, and Rheem Manufacturing among others.

Some Points From Table Of Content:

Chapter 4 Electric Water Heater Market, By Product

4.1 Electric water heater industry share by product, 2019 & 2026

4.2 Instant

4.2.1 Global market from instant, 2015 2026

4.2.2 Global market from instant, by region, 2015 2026

4.3 Storage

4.3.1 Global market from storage, 2015 2026

4.3.2 Global market from storage, by region, 2015 2026

Chapter 5 Electric Water Heater Market, By Capacity

5.1 Electric water heater industry share by capacity, 2019 & 2026

5.2 <30 Liters

5.2.1 Global market from <30 liters, 2015 2026

5.2.2 Global market from <30 liters, by region, 2015 2026

5.3 30-100 liters

5.3.1 Global market from 30-100 liters, 2015 2026

5.3.2 Global market from 30-100 liters, by region, 2015 2026

5.4 100-250 liters

5.4.1 Global market from 100-250 liters, 2015 2026

5.4.2 Global market from 100-250 liters, by region, 2015 2026

5.5 250-400 liters

5.5.1 Global market from 250-400 liters, 2015 2026

5.5.2 Global market from 250-400 liters, by region, 2015 2026

5.6 >400 liters

5.6.1 Global market from >400 liters, 2015 2026

5.6.2 Global market from >400 liters, by region, 2015 2026

Chapter 6 Electric Water Heater Market, By Application

6.1 Electric water heater industry share by application, 2019 & 2026

6.2 Residential

6.2.1 Global market from residential, 2015 2026

6.2.2 Global market from residential, by region, 2015 2026

6.3 Commercial

6.3.1 Global market from commercial, 2015 2026

6.3.2 Global market from commercial, by region, 2015 2026

6.3.3 College/university

6.3.3.1 Global market from college/university, 2015 2026

6.3.3.2 Global market from college/university, by region, 2015 2026

6.3.4 Offices

6.3.4.1 Global market from offices, 2015 2026

6.3.4.2 Global market from offices, by region, 2015 2026

6.3.5 Government/Military

6.3.5.1 Global market from government/military, 2015 2026

6.3.5.2 Global market from government/military, by region, 2015 2026

6.3.6 Others

6.3.6.1 Global market from others, 2015 2026

6.3.6.2 Global market from others, by region, 2015 2026

More:
Electric Water Heater Market Geographical Segmentation, Comprehensive Analysis to 2026 - Cole of Duty

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July 5, 2020 at 10:44 am by Mr HomeBuilder
Category: Water Heater Install