According to the study, Energy Efficiency Regulations in Various Countries is one of the primary growth factors for the market. Growing Concerns for Energy Efficiency and Increasing Demand for Electric Water Heaters
is also expected to contribute significantly to the Water Heaters market. Overall, Domestic {Flats, Bungalows and Apartments}
applications of Water Heaters, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as A. O. Smith Corporation (United States), General Electric Company (United States), Bradford White (United States), Rheem Manufacturing Company (United States), Noritz America Corporation (United States), Robert Bosch GmbH (Germany), Rinnai America Corporation (United States), Haier Group Corporation (China), Siemens AG (Germany) and Midea Group Co., Ltd. (China) pushing strong cash flow in Market which is also a key in driving revenue growth.
AMAs Analyst on the Global Water Heaters market identified that the demand is rising in many different parts of the world as "Increasing Number of Pre-Plumbed Unvented System". Furthermore, some recent industry insights like "In June 2015, the Racold Thermo Private Ltd Company has launched water heaters which have the ability to heat water quickly, the product is available in 1, 3 and 6 liters. Hence, this launched will increase the product portfolio of the company." is constantly making the industry dynamic. One of the challenges that industry facing is "Issue Related to Life Expectancy of Storage Water Heaters"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Water Heaters market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Water Heaters market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Water Heaters market tight? Which application/end-user category or Product Type [Conventional Storage Tank Water Heater, Tankless Water Heater, Heat Pump Water Heater, Solar Powered Water Heater, Condensing Water Heater and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Water Heaters market and other related sub-markets covered in the study.
o Key & emerging players in the Water Heaters market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Water Heaters market size is calculated using market estimation process, the Water Heaters market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Water Heaters market size has been validated using both top-down and bottom-up approaches.