Electric Water Heater Market Size, Share, and Forecast by 2027
Electric Water Heater Market: Strategic Insights
Electric Water Heater Market
-
CAGR (2018 - 2027)4.9% -
Market Size 2018
US$ 14.07 Billion -
Market Size 2027
US$ 21.47 Billion
Market Dynamics
GROWTH DRIVERS
- Rising adoption of energy-efficient appliances
- Growing demand for reliable hot water solutions
FUTURE TRENDS
- Rising demand for eco-friendly water heaters
- Adoption of electric water heaters in homes and businesses
OPPORTUNITIES
- Increase in construction and renovation projects
- Growing demand for energy-efficient water heaters
Key Players
- AO Smith Corporation
- Ariston Thermo S p A
- Bajaj Electricals Ltd
- Bradford White Corp
- Whirlpool Corporation
- Haier Inc
- Midea Group
- Bosch Thermotechnology
- Siemens AG
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Product - Storage
- Non-storage
Application - Residential
- Commercial
- Industrial
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