Electric Water Heater Market  Trends, Competitive Market Share & Forecast, 2016 – 2024 To evaluate sample pages before buying this re...

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Electric Water Heater Market  Trends, Competitive Market Share & Forecast, 2016 – 2024 To evaluate sample pages before buying this report, Request sample Pages @  https://goo.gl/lxB0tcElectric Water Heater Market size was USD 17.5 billion in 2015, and is anticipated to grow at 7.5% CAGR from 2016 to 2024. Mounting demand across domestic applications such as space heating, cooking, cleaning and bathing is likely to spur industry demand from 2016 to 2024. Escalating hot water demand from hotels and hospitals is also likely to be the key driving force for the global electric water heaters market share. Growth in the construction sector along with replacement for aging equipment in various sectors owing to rising disposable income may catapult growth over the next few years.Major industry players include AO Smith Corporation, AquaMax, Ariston Thermo (Racold), Bosch, Bradford White Corporation, Eemax, General Electric, Rheem Manufacturing Company, Havells, and Zenith. Global electric water heater market share is highly consolidated and the top three participants account for more than 90% of the overall share. Haier Appliances, AO Smith, and Midea Group have significant industry share in China. Additionally, there are numerous other Chinese private and state-owned companies. In India, Racold is likely to be the significant player closely followed by AO Smith, Bajaj, Venus, Havells, and Haier.

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