The global storage water heater market size was valued over USD 9.3 billion in 2019 and expected to grow at a significant CAGR of around 5.1% during the forecast period 2020 to 2026. The market is segmented on the basis of capacity, application, energy sources, and region. Rapid population growth coupled with growing urbanization will boost the market. Increasing requirement of hot water across the building infrastructure coupled with ongoing technological advancements will accelerate the business growth. Asia Pacific, Europe and North America will dominate the overall market growth with a combined revenue share more than 55% in 2019
According to the recent report published by Research Corridor, the Global Storage Water Heater Market is expected to provide sustainable growth opportunities during the forecast period from 2019 to 2027. This latest industry research study analyzes the Storage Water Heater market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants.
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The report titled "Storage Water Heater Market - Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast - 2019 – 2027" offers a holistic view of the Storage Water Heater industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Storage Water Heater market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Storage Water Heater Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
Key Questions Answered by Storage Water Heater Market Report
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- number of employees and market concentration, among others
List of Key Companies:
- Havells India Limited
- Hubbell, Inc.
- Saudi Ceramics
- Linuo Ritter International
- Jaquar Group
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Storage Water Heater Market Segmentation:
- <30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- >400 Liters
By Energy Source
By Geography Type
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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