Electric Water Heater Market Size, Share, and Forecast by 2027
Electric Water Heater Market: Size and Share
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CAGR (2018 - 2027)4.9% -
Market Size 2018
US$ 14.07 Billion -
Market Size 2027
US$ 21.47 Billion
Market Dynamics
- Rising adoption of energy-efficient appliances
- Growing demand for reliable hot water solutions
- Rising demand for eco-friendly water heaters
- Adoption of electric water heaters in homes and businesses
- Increase in construction and renovation projects
- Growing demand for energy-efficient water heaters
Market Segmentation
Product - Storage
- Non-storage
Application - Residential
- Commercial
- Industrial
Electric Water Heater Market Players Density: Understanding Its Impact on Business Dynamics
The Electric Water Heater Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Electric Water Heater Market are:
- AO Smith Corporation
- Ariston Thermo S.p.A
- Bajaj Electricals Ltd.
- Bradford White Corp.
- Whirlpool Corporation
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Electric Water Heater Market top key players overview
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