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The global electric water heaters market is expected to reach USD 29.32 billion by 2022, according to a new study by Grand View Research, Inc. Increasing residential and commercial projects worldwide is expected to drive market demand over the forecast period.
Increasing government initiatives to improve rural infrastructure and uninterrupted electricity availability in these areas is expected to provide new opportunities to market growth.
They are also increasingly used in countries with limited or broken electricity supply as they can store hot water for future use.
Commercial water heaters can be glass lined, stainless steel lined, cement and hydrastine cement lined.
Rapid infrastructure developments in these countries are expected to favor the Asia Pacific electric water heaters market.
However, increasing trend for use of solar water heater may restrict market demand gradually over the next seven years.
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It provides the Electric Heat Pump Water Heaters industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable).
The global Electric Heat Pump Water Heaters market research report mentioned on the Market Research has knowledge provided a complete bifurcation based on product type, applications, top companies, geological players, and other sections.
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The aggressive viewpoint section of the report presents a clear insight into the market share analysis of the major players in the industry.Major Vendors Covered in Electric Heat Pump Water Heaters Market:A.O.
Smith, GE Appliances, Stiebel Eltron, Kenmore, Rheem, Rinnai, Takagi, American Water Heaters, Navien, Bosch, Haier, Midea, Wanward, MacroClick Here For Quicker Purchase @ https://market.us/purchase-report/?report_id=52870The report provides a comprehensive analysis of:- Key market segments and sub-segments- Evolving Electric Heat Pump Water Heaters market trends and dynamics- Changing supply and demand scenarios- Quantifying Electric Heat Pump Water Heaters market opportunities through market sizing and market forecasting- Tracking current trends/opportunities/challenges- Competitive insights- Opportunity mapping in terms of technological breakthroughsGlobal Electric Heat Pump Water Heaters Market By Types:Small, Medium, LargeGlobal Electric Heat Pump Water Heaters Market By Applications:Residential, Commercial, Other ApplicationsKey regions divided during this report:• The Middle East and Africa Electric Heat Pump Water Heaters Market (Saudi Arabia, United Arab Emirates, Egypt, Nigeria, South Africa)• North America Electric Heat Pump Water Heaters Market (United States, Canada, Mexico)• Asia Pacific Electric Heat Pump Water Heaters Market (China, Japan, Korea, India, Southeast Asia)• South America Electric Heat Pump Water Heaters Market (Brazil, Argentina, Colombia)• Europe Electric Heat Pump Water Heaters Market (Germany, UK, France, Russia, Italy)All Queries Answered Here @ https://market.us/report/electric-heat-pump-water-heaters-market/#inquiryImportant Features that are under Offering and Key Highlights of the Reports:– Detailed survey of the Market.– Improving the market structure of the industry.– Provides In-depth market segmentation by Types, Applications.– Historical, current, and predicted market size in terms of value and ratio.– Latest industry trends and advancements.– Competitive landscape of Electric Heat Pump Water Heaters Market.– Strategies of key professionals and product contributions.– Potential and niche sections/regions presenting encouraging growth.Finally, The Electric Heat Pump Water Heaters Market report is the believable source for gaining the market research that will exponentially accelerate your business.
The global electric water heaters market size is expected to value at USD 29.32 billion by 2022.
Factors responsible for the robust growth of electric water heaters industry, in the recent years, include increasing popularity of tank less water heaters and rising per capita income in both developed and developing economies worldwide.
Globally, electric water heaters market is predicted to grow at CAGR of 6.9% in forecast period, providing numerous opportunities for market players to invest in research and development of these products.
The electric water heater is capable of performing day-to-day applications such as cooking, cleaning, and bathing.
Increasing penetration of electric water heaters in rural areas in both developing and underdeveloped economies coupled with lowered cost are anticipated to boost market performance for electric water heater industry, in the near future.
Additionally, easy availability of electric water heaters due to presence of supermarkets, hypermarkets, retail stores and e-commerce retail chains is positively affecting market growth.
