The global storage water heater market size was valued over USD 9.3 billion in 2019 and expected to grow at a significant CAGR of around 5.1% during the forecast period 2020 to 2026. The market is segmented on the basis of capacity, application, energy sources, and region. Rapid population growth coupled with growing urbanization will boost the market. Increasing requirement of hot water across the building infrastructure coupled with ongoing technological advancements will accelerate the business growth. Asia Pacific, Europe and North America will dominate the overall market growth with a combined revenue share more than 55% in 2019.

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The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

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According to Research Corridor, this study will provide in-depth analysis of segments on the basis of current trends, market dynamics and country level analysis of storage water heater industry. This report provides market estimates and forecast for the period 2018-2027, along with respective CAGRs for each segment and regional distribution for the period 2020-2027. In depth analysis of competitive landscape, porter's five forces model, value chain analysis, and pricing strategies are also covered in the report scope.

Historical & Forecast Period

2018 - Historical Year for storage water heater Market
2019 - Base Year for storage water heater Market
2020-2027 - Forecast Period for storage water heater Market

The storage water heater market report offers a primary overview of the storage water heater industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in the storage water heater industry.

Storage Water Heater Market Segmentation:

By Capacity

400 Liters

By Application

Residential
Commercial

By Energy Source

Electric
Gas

List of Key Companies:

Havells India Limited
Hubbell, Inc.
Saudi Ceramics
Linuo Ritter International
Jaquar Group

Geographic Coverage:

North America
Europe
Asia-Pacific
Rest of the World

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