Electric Water Heater Market to Receive Overwhelming Hike in Revenues By 2030

The electric water heater market is anticipated to witness considerable growth during the forecast period. This is attributed to factors such as rise in demand for hot water from residential, commercial and industrial operations. In addition, rapid industrialization & urbanization and rise in construction activities across the globe fuels the growth of the electric water …

Electric Water Heater Market Estimated to Hit $40.1 Billion by 2030

The global electric water heater market size was valued at $23.2 billion in 2020, and is projected to reach $40.1 billion by 2030, growing at a CAGR of 5.6% from 2021 to 2030. Electric water heaters are electrically powered devices used for water heating with the help of electrical heating equipment assembled in it. The hot …