Water Heater Market: Global Industry Analysis and Forecast to 2020

Water Heater Market: Global Industry Analysis and Forecast to 2020

Persistence Market Research

Water Heater Market: Global Industry Analysis and Forecast to 2020

Persistence Market Research

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Water Heater Market: Global Industry Analysis and Forecast to 2020 Persistence Market Research Released New Market Report on “Water Heater Market: Global Industry Analysis and Forecast to 2020”.

Appliances that utilize different energy sources to heat water above its initial temperature in order to provide water in different range of temperatures are called water heaters. Water heaters works on the law of thermodynamic in which a source of energy is utilize to heat up water. Water heaters are widely in use in many domestic applications such as cooking, bathing, cleaning, and space heating. Water heaters also have wide application in the manufacturing industries such as chemicals, food and beverages processing industries and thermal power plants.

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Based on the energy sources for water heaters the global water heater can be broadly classified in seven categories namely compressed natural gas (CNG) based water heater, liquefied petroleum gas (LPG) based water heater, propane base water heater, electric water heaters, solar energy based water heaters, hybrid water heaters and others. Based on the technology the global water heater market is broadly categorized in three broad segment namely storage or tank water heaters, demand or tank-less water heaters, and heat pump water heaters. The market of global water heater is mainly fueled by the increasing demand of for hybrid water heaters by both, domestic as well as industries. Hybrid water heaters are more energy-efficient in comparison to conventional water heaters. They can operate on more than one energy sources and hence provides switching option to the consumers. Hybrid water heaters are expected to gain highest growth rate...