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Water Heater Market Size to Grow at a CAGR of 4 8% During the Forecast Period 2021-2026
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Global Water Heater Market is Expected to Reach $48,519 by 2025 – KSU
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Electric Water Heater Market- Industry Outlook, Size, Subdivision, Share, Growth Prospects, Key Opportunities, Trends and Forecasts 2026
October 7, 2020
Selbyville, Delaware, United States, October 7 2020 (Wiredrelease) Global Market Insights, Inc –:Electric Water Heater Market is predicted to reach over USD 19 billion by 2024. Significant investments toward infrastructure development along with rapid technological advancements in order to achieve energy efficiency will positively impact the business growth. Growing urban population across the emerging economies coupled with upsurge in demand for advanced heaters will stimulate the industry growth.
The U.S. electric water heater market will surpass USD 1 billion by 2024. Rapid growth across service sector coupled with effective regulatory regime toward the deployment of efficient electrical appliances will augment the industry outlook. Government inclination toward the adoption of energy efficient systems along with upgradation
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“Browse 250 market data Tables and 50 Figures spread through 265 Pages and in-depth TOC on “Commercial Water Heaters Market – Global Forecast to 2026″”
The global commercial water heaters market size is projected to reach a size of USD 7.7 billion by 2026, at a CAGR of 6.1%, from an estimated USD 5.4 billion in 2020.
According to the new market research report
“Commercial Water Heaters Market by Type(Electric, Gas, Oil, Heat Pump, Solar, Hybrid & Others), Liter (Below 500, 500-1,000, 1,000-3,000, 3,000-4,000 & more), Rated Capacity (Up to 10kW, 10-50kW, 50-150kW & more),and Region – Global Forecast to 2026″, The global commercial water heaters market size is projected to reach USD 7.7 billion by 2026 from an estimated value of USD 5.4 billion in 2020, growing at a CAGR of 6.1%. The increasing investments for the development and expansion of commercial sector operations across different regions and supportive regulations & grants for using renewable sources
Residential Water Heater Market worth $24 billion by 2027, Says Global Market Insights Inc.
Residential Water Heater Industry demand is set to achieve around 4% CAGR between 2021 and 2027 supported by growing number of housing projects worldwide along with investments & developments in the real estate industry.
Selbyville, Delaware, June 10, 2021 (GLOBE NEWSWIRE)
The residential water heater
market revenue is projected to cross USD 24 Billion by 2027, as reported in the latest study by Global Market Insights Inc. Increased consumer spending on smart and efficient appliances, rising urban migration coupled with stringent norms to curb carbon emissions will influence the product penetration.
Stringent building efficiency standards along with rapid development of the green building projects is set to augment the market growth. Ongoing provisions by the government authorities to shift to energy efficient appliances to limit the carbon emissions along with power consumption will
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