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Electric Water Heater Market Will Be $29.1 Billion By 2022: Credence Research

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CredenceResearch.com has Published New Research Report Title “Global Electric Water Heater Market – Growth, Share, Opportunities & Competitive Analysis, 2015 – 2022”

According to a new market report published by Credence Research Inc., “Electric Water Heater (Storage Tank Electric Water Heaters and Tankless (On-demand) Electric Water Heaters) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”, the market for electric water heaters is expected to expand at 7.2% CAGR between the forecast period 2015 – 2022.

Browse the full Electric Water Heater (Storage Tank Electric Water Heaters and Tankless (On-demand) Electric Water Heaters) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/electric-water-heater-market

Product and Market Insights

Electric water heaters are fast gaining popularity among consumers worldwide. The on-going infrastructural development resulting in increased number of residential and commercial projects have generated demand for range of electric water heaters including storage-tank and heat pump water heaters. The economic recovery post economic instability, especially in the developed economies like North America and Europe is also expected to have positive impact on the market growth as the average commercial and household expenditures is on a rise. On an average, water heating accounts for nearly 20 percent of the energy costs of a residential unit. Taking this into account, the new energy efficiency standards enacted by the governments across the globe are expected to curb the utility bills by 30 to 40 percent depending upon the electric water heater capacity and technology deployed.

Competitive Insights

The global electric water heaters market is relatively matured. Some of the leading players identified in the electric water heaters market include AO. Smith (the U.S.), Midea Group (China), Rheem Manufacturing Company (the U.S.), and Siemens AG (Germany). Other players including Ariston Thermo S.p.A (Italy), Bajaj Electricals (India), Bradford White (the U.S.), Crompton Greaves (India), Eldominvest Ltd.(Bulgaria),  Haier Water Heater (China), Heat Transfer Products Group (the U.S.), Hubbell Water Heaters (the U.S.), Noritz Corporation (Japan), and Rinnai Corporation (Japan) have been identified as some of the emerging and promising players in the electric water heaters market. These players have concentrated their efforts on developing cost-effective, energy efficient electric water heaters.  Although the global electric water heater market is relatively matured, product innovation is the go-to business strategy for the manufacturers competing in the market

For More Information, List of Figure, Tables And TOC Visit – http://www.credenceresearch.com/report/electric-water-heater-market

Key Trends

  • Energy efficient regulations leading to the replacement demand
  • Growing demand for tankless electric water heaters.
  • Economic stability resulting in improved residential construction expenditure
  • Increased residential and commercial projects
  • Operating cost issues


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About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa. 

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Web:  Credence Research

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Media Contact
Company Name: Credence Research
Contact Person: Chris Smith, Global Sales Manager
Email: Send Email
Phone: 1-800-361-8290
Address:105 N 1st ST #429
City: SAN JOSE
State: California
Country: United States
Website: http://www.credenceresearch.com/report/electric-water-heater-market


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