Electric Water Heaters Market Scale To Reach $29.32 Billion By 2022: Grand View Research, Inc.8/29/2018 The global electric water heaters market is expected to reach USD 29.32 billion by 2022, according to a new study by Grand View Research, Inc. Increasing residential and commercial projects worldwide is expected to drive market demand over the forecast period. Rising disposable income and preference for tankless heaters may further fuel the electric water heaters market.
Growing awareness for automated temperature control, energy efficiency and environmental sustainability is estimated to favor tankless heaters demand. Increasing government initiatives to improve rural infrastructure and uninterrupted electricity availability in these areas is expected to provide new opportunities to market growth. Rising electricity prices, volatile raw material prices and growing preference for solar water heaters may restrain market growth over the forecast period. Full Research Report On Global Electric Water Heaters Market Analysis: www.grandviewresearch.com/industry-analysis/electric-water-heaters-market Further key findings from the report suggest:
www.grandviewresearch.com/industry/hvac-and-construction-technologies Grand View Research has segmented the electric water heaters market on the basis of product, application and region: Electric Water Heaters Product Outlook (Volume, Million Units & Revenue, USD Million; 2012 - 2022)
www.grandviewresearch.com/press-release/global-electric-water-heaters-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For more information: www.grandviewresearch.com
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