Stratview Research has published a new report titled “Global Thermostatic Water Heater Market” which is segmented By Type (Constant Temperature Gas Water Heater, Constant Temperature Electric Water Heater, Others), Application (Home, School, Hotel, Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the Global Thermostatic Water Heater Market was estimated to grow at a healthy CAGR during the forecast period of 2021-2026.
To learn more about the report, click here: https://www.stratviewresearch.com/1533/thermostatic-water-heater-market.html
The thermostatic water heater is a household device that comprises a gas or electric heating unit under a tank in which the water is heated and stored. The thermostat in the water heater is a device that keeps the temperature in the heater at the desired level. It cuts off the power supply once the required temperature is achieved. The commonly used water heaters include constant temperature gas water heater and constant temperature electric water heater.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Application Trends
The market is categorized into home, school, hotel and others.
The home segment is projected to register the highest CAGR owing to high product demand coupled with growing urbanization and increasing purchasing power. Additionally, increasing prevalence of strict building energy efficient standards is also likely to fuel the demand for energy efficient water heaters. The hotel segment is also growing at a considerable rate because of the increasing number of hotels.
Which Region is expected to remain the largest market?
The Asia Pacific witnessed the largest market share in 2020 and is likely to register a healthy CAGR by the end of 2026. Increasing urbanization and expanding populace coupled with rising per capita disposable income are some of the key factors propelling the market growth in the region. Growing demand for energy efficient water heaters with rising energy efficiency standards is likely to drive the product growth in developed regions.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market.
The following are the key players active in the Global Thermostatic Water Heater Market:
- Haier Group Corporation (China)
- Midea Group (China)
- A. O. Smith Corporation (The U.S.)
- MACRO (China)
- NORITZ CORPORATION (Japan)
- Vatti (China)
- Rinnai (Japan)
- Taiwan Sakura Corporation (China)
- EuroICC (Serbia)
- Guangdong Vanward New Electric CO., LTD (China)
- Navien, Inc. (The U.S.)
- Rheem Manufacturing Company (The U.S.)
Key questions answered by the report.
- What is the projected CAGR for revenue from the Thermostatic Water Heater Market during the forecast period?
- What would the market be valued at by 2026?
- What is a major driving factor for the growth of the market?
- Which region accounted for the largest revenue share in the Thermostatic Water Heater Market?
- Which are the major market players?
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