What is Storage Water Heater Market?
A storage water heater is also known as hot water system (HWS). Storage water heater is domestic water heating appliance that provide continuous hot water supply. This heater used water storage tank which exploit its heating capacity. This heater is able to heat water in large volume which is essential in number of industrial activities. It consist of cylindrical vessel which keeps water hot for constant time and hence it takes longer time for heating. Storage water heater is available with different energy sources like solar, electricity, geothermal, gas and others. Rising preference for energy efficient and low power consumption appliances has leads to the demand for storage water heater.
The market study is being classified, by Application (Commercial, Residential and Industrial) and major geographies with country level break-up.
General Electric (GE) (United States), Whirlpool (United States), Carrier Corporation (Taiwan), Bosch (Germany), Apen Group (Italy), Biemmedue (Italy), ACV (United States), Stiebel Eltron (Germany), Rinnai (Japan), American Water Heaters (United States), A.O. Smith (United States), EcoSmart US (United States) and Viessmann Group (Germany) are some of the key players profiled in the study.
The market of storage water heater is expected to grow with rising demand for household and commercial. Several companies are operating in the market to provide storage water heater having different energy sources. The market is highly fragmented with the presence of number of market players. They are gaining attention owing to raised demand. They are taking certain strategic initiatives with new entrants to expand their existing portfolio.
Analyst at AMA have segmented the market study of Global Storage Water Heater market by Type, Application and Region.
On the basis of geography, the market of Storage Water Heater 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.
- Growing Commercial and Industrial Activities Leads to the Demand for Storage Water Heater
- Augmenting Consumer Preference towards Energy Efficient Heating Systems
- More Preference for Storage Water Heater over Conventional Water Heater with Low Power Consumption Leads to the Demand
- High Cost of Installation
- Growing Technological Advancements with Efficient Electrification has Created Growth Opportunities
- Rising Inclination towards using Renewable Energy Sources like Solar in Routinely Activities has impacted on the Demand in Positive Manner
- Limitations associated with Water Supply for Extended Period
- Availability of Substitutes
Key Target AudienceStorage Water Heater Manufacturers, Storage Water Heater Suppliers/Distributor, Raw Material Suppliers, New Entrants/Investors, Research Laboratory, Strategic Business Planners, Governments and End Use Industry
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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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