Scope of the Study
Water heater tank stores the hot water which is then supplied through the connected pipeline. It comes with different capacities from 6 litres to 50 litres and above. It is made of different materials such as stainless steel, plastic and others. These water heater tanks are used in various industries such as chemical, thermal, food and beverage. Hence, the adoption of water heater in commercial and industrial sectors and change in consumer preference towards the quality standards and energy efficiency are fuelling the market growth.
The market study is being classified and major geographies with country level break-up.
Marey (United Kingdom), WaiWela (United States), Rinnai (Japan), Gree (China), AO Smith (United States), Bosch (Germany), Rheem Manufacturing Co. (United States), Siemens AG (Germany), Bajaj Electricals Ltd. (India) and Heat Transfer Products Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Midea (China).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Water Heater Tank market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Water Heater Tank market by Type, Application and Region.
On the basis of geography, the market of Water Heater Tank has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising construction sector owing to the disposable income is contributing towards the market growth. The wide applications such as bathing, cooking, and cleaning in increasing the adoption in commercial sector. In addition to this, rising demand in hotels and hospitals are fueling the market growth
- Adoption of Safe Water Heaters
- Availability of Tank less Water Heater
- Favorable Government Subsidies are contributing towards the Market Growth
- Improved Standard of Living
In November 2018, Haier has launched a new line of water heater that are ES10V, ES15V & E25V in Vertical and ES15H & ES25H in Horizontal FR series.
Key Target AudienceManufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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