(EMAILWIRE.COM, April 28, 2018 ) Water Heaters are the appliances used to heat the water above their initial temperature. They are commonly used for residential applications such as cooking, cleaning, bathing and space heating. Apart from this, water heaters also finds application in large industries such as chemical, thermal power plants and various manufacturing facilities. Water heaters uses numerous energy sources such as electricity, gas, solar, geothermal to supply hot water. Deployment of specific type depends on cost effective availability of the source and application.

Development in hybrid solution to use both solar as well as electric energy and rapid urbanization is driving the demand for water heaters for several commercial and industrial applications. Further, demand for renewable source of energy and replacement of old water heaters with advanced energy saving heaters is expected to increase the demand in near future. Leading players forming strategic alliance with technology companies to cater to the demand for advanced heating solutions is identified as one of the major trends in the global water heater market.

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The objectives of this report are as follows:

- To provide overview of the global Water Heater market

- To analyze and forecast the global water heater market on the basis of product type, storage type and end - use.

- To provide market size and forecast till 2025 for overall Water Heater market with respect to five major regions

- To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.

- To provide exhaustive PEST analysis for all five regions.

Segmentations Covered in the Water Heater Market Market:

Overview: Global Water Heater Market – By Product Type, By Country, By Region, By End-Use, By Storage Type

Geographical Analysis: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), South America (SAM)

Some of the leading players in Water Heater Market:

1. Venus Home Appliances (P) Ltd.

2. AO Smith Corporation.

3. Rheem Manufacturing Co.

4. Siemens AG.

5. HTP Inc.

6. Ariston Thermo SPA.

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