Electric water heater market is projected to grow from US$ 28.3 Billion in 2024 to US$ 95.9 Billion by 2034. Electric water heater market is driven by rising residential housing and commercial projects across the globe.

The report “Electric Water Heater Market, By Product (Storage Water Heaters, and Tankless Water Heater), By Capacity (Small, Medium, and Large), By End User (Residential, Commercial and Industrial), and Region - Forecast to 2034"

Key Highlights:

• In 2018, HSIL launches technologically superior and aesthetically appealing range of ‘Water Heaters’ in the India in association with Groupe Atlantic, France, specialist thermal comfort solution provider.

Key Market Insights from the report:          

Electric water heater market accounted for US$ 95.9 Billion by 2034 and is projected to register a moderate CAGR of 14.40% over the forecast period. The market report has been segmented on the basis of product, capacity, end user, and region.

• By product, the electric water market is segmented into storage water heaters, and tankless water heater.
• By capacity, the electric water heater market is segmented into small, medium, and large.
• By end user, the electric water market is segmented into residential, commercial and industrial.
• By region, Asia Pacific accounted major share in the electric water heater market owing to rapid infrastructure developments in this region. Moreover, countries such as China and India are also contributing to regional growth of Asia Pacific over the forecast period.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Electric Water Heater Market”, By Product (Storage Water Heaters, and Tankless Water Heater), By Capacity (Small, Medium, and Large), By End User (Residential, Commercial and Industrial), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - forecast till 2034

The prominent players operating in the electric water heater market include Rinnai Corporation, Groupe Atlantic, Bradford White, A.O Smith, Bosch Thermotechnology, Zenith, Saudi Ceramics, Nihon Itomic Co. Ltd., Haier, and Jaquar.

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