Report Code: A14855 | Pages: NA | Mar 2023 | 1232 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Storage Water Heater Market
Request Now !A storage water heater is a cylindrical tank that keeps water hot and ready to use all of the time. It can be powered by a variety of energy sources, including gas, electricity, solar, and oil. In North America and Europe, gas-fired storage water heaters are the most frequent. Solar-powered storage water heaters are expected to become more popular in the near future, as they are less expensive than any other source of energy. The storage water heater is used in many industries such as commercial, individual and industrial.
Market Scope and Structure Analysis
Report Metric | Details |
 Market Size Available for Years |  2020–2030 |
 Base Year Considered |  2020 |
 Forecast Period |  2021–2030 |
 Forecast Unit |  Value (USD) |
 Segments Covered | Energy Source, Tank Capacity, Tank Materials, End-User Industry, and Region |
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COVID-19 Impact Analysis
Top Impacting Factors
During the estimated timeline, an increase in the trend of employing solar energy-run storage water heaters in various regions of the world is expected to be a major main driver for the storage water heater market. Solar-powered storage water heaters are thought to be very energy-efficient, low-cost, and technologically advanced. During the projected period, this is expected to generate profitable prospects for storage water heater manufacturers and distributors. During the forecast timeframe, the demand for storage water heaters is expected to rise due to stringent rules and requirements implemented by federal governments in various countries (mostly in Europe) linked to the energy efficiency of electrical appliances. In the coming years, strict rules and provisions governing the construction of heating systems in commercial and industrial settings are expected to offer major economic prospects for storage water heater manufacturers and suppliers.
Market Trends
Key Benefits of the Report
Storage Water Heater Market Report Highlights
Aspects | Details |
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By Energy Source |
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By Tank Capacity |
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By Tank Material |
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By End-User Industry |
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By Region |
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Key Market Players | A.O. Smith Corporation, Bosch, Bradford White Corporation,, Noritz Corporation, Rehem Manufacturing Company, Rinnai, Crompton Greaves Ltd., Eccotemp Systems, Electrolux, Heat Transfer Products Inc, Reliance Water Heater Company, Rinnai, Midea Group |
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