Global Water Heater Market will exhibit a growth rate of 5.06% for the forecast period of 2022-2029

Global Water Heater Market Analysis and Insights:

The rapid technological progress is the major factor accelerating the growth of the water heater market. Furthermore, rising demand for water heating systems, growing disposable income, growing government initiatives to improve the usage of solar water heaters, and high growth in construction and business industry are also expected to drive the growth of the water heater market. However high electricity price, and high installation cost can restrain the water heater market growth, whereas the problem related with the quality and energy efficiency will challenge the market growth.
In addition, growing population and urbanization as well as the high demand for energy efficient water heaters and its trending application will create ample opportunities for the water heater market.

Global Water Heater Market Scope and Market Size:
On the basis of product, the water heater market is segmented into instant and storage.
Based on product type, the water heater market is segmented into solar heaters, electric heaters, gas & propane heaters and geothermal heaters.
Based on application, the water heater market is divided into residential and commercial. Commercial segment is divided into college/university, office and government/military.
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Global Water Heater Market Country Level Analysis:
The countries covered in the water heater market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Major TOC of the Report:
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insight
Chapter Six: COVID-19 Impact on Global Water Heater Market

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Competitive Landscape and Water Heater Market Share Analysis:
The Water Heater market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Water Heater market.

Major Players:
Rinnai Corporation
HTP Comfort Solutions LLC
Bradford White Corporation
Noritz America
Haier Inc.
Ariston Thermo SPA

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