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 …
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According to a new report published by Allied Market Research, titled, The global water heater market size was estimated to be $32,603 million in 2017, and is projected to reach at $48,519 million by 2025, growing at a CAGR of 5.1% from 2018 to 2025. The report offers an extensive analysis of key growth strategies, …
The global tankless water heater market size was valued at $6.3 billion in 2021, and is estimated to reach $12.3 billion by 2031, growing at a CAGR of 6.9% from 2022 to 2031. These water heaters have proved to be very useful in commercial as well as residential sectors, which, in turn, gives traction to …
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