GAS WATER HEATER Market Demand, Supply, Growth & Forecast By 2017 – 2024

Gas Water Heater Market size will exceed USD 9 billion by 2024, as reported in the latest study.

Stringent government norms toward integration of energy efficient products coupled with growing demand for refurbishment of existing heating pipelines and systems will drive the gas water heater market size. Regulatory reforms pertaining to enhanced product efficiencies along with increasing consumer awareness towards emission control will further enhance the industry outlook. In 2017, Government of Canada enacted the federal Energy Efficiency Regulations 2016 to amend the existing mandates. The amendment implements improved energy efficiency standards subject to consumer product manufacture in the country and further homogenize domestic standards with that adopted by the U.S.

Get sample Copy of this report: https://www.marketstudyreport.com/request-a-sample/496329/?utm_source=FREE-SL

Growing demand for refurbishment of the conventional systems along with increasing demand for low emission heating units will foster the U.S. gas water heater market. Increasing investments towards development of customized products favoured by integration of smart temperature control devices will positively influence the business outlook. Strong economic factors including payback period and initial costs will further embellish the product demand. In 2017, General Electric in collaboration with Department of Energy (DOE) launched its Geo Spring Hybrid Water Heater. As per DOE, the product estimates 62% less energy consumption in comparison to a standard 50-gallon water heater.

China gas water heater market will witness strong growth pertaining to rapid commercialization and residential establishments to integrate a sustainable economic scenario. High end research investments with an aim to achieve reduced cost of energy favored by government initiatives to introduce clean energy systems will further complement the business outlook. The China Strategy of Energy Production and Consumption Revolution (2016-2030) aims at addressing energy security, economic and environmental challenges in the country. The program bridges across Sustainable Development Goal (SDG) 7 (affordable and clean energy) and SDG 13 (climate action) by the regulators.

Residential gas water heater market in 2016, was valued over 25 million units. Ongoing residential establishments across developing countries favoured by rising infrastructural investments will stimulate the product demand. Advancing real estate sector coupled with growing demand for refitting of existing infrastructure will foster the product penetration. Rapid technological advancements along with increasing measures to reduce product standby losses will further thrust the industry growth.

Get Discount on this Report: https://www.marketstudyreport.com/check-for-discount/496329/

Germany gas water heater market share is predicted to witness gain over 1% by 2024. Growing environmental constraints coupled with increasing adoption of advanced heating technologies will foster the business landscape. Favorable government initiatives along with growing consumer awareness toward ecological balance will further stimulate the product demand. Frequent amendments in the European Directive 2009/125/EC to include and regulate advancing heating and cooling technologies including smart control heaters will positively impact the business growth. Increasing concerns to reduce emissions during the use phase of products along with improved product life expectancies will further drive the gas water heater market.

Notable players in gas water heater market include Rinnai, A.O. Smith, Rheem, Bradford White, American Water Heaters, State Water Heaters, Kenmore, US Craft Master, Reliance Water Heaters, Whirlpool, Noritz, Lochinvar, Racold, Ferroli, and V-guard.

GAS WATER HEATER Market By Product:

Storage, Residential, Commercial, Industrial, Tankless, Residential, Commercial, Industrial.

Gas Water Heater Market, By Application

Residential, Commercial, College/Universities , Office, Government/Military, Others,     Industrial.

The above information has been provided on a regional and country basis for the following:

North America, US, Canada, Mexico, Europe, Denmark, UK, Germany, Netherlands, Sweden,        Italy, Russia, Spain, Asia Pacific, China, Japan, South Korea, India, Middle East and Africa,       Saudi Arabia, UAE, South Africa, Latin America, Brazil, Argentina, Chile,

Related Report:

FLNG Market Size By Technology (LNG FPSO, FSRU), By Capacity (Small/Mid-Scale, Large Scale), Industry Analysis Report, Regional Outlook (U.S., UK, Russia, China, Australia, Indonesia, Malaysia, India, Pakistan, UAE, Turkey, Egypt, Congo, Equatorial Guinea, Cameroon, Mozambique, Ghana, Brazil, Chile, Colombia), Price Trends, Competitive Market Share & Forecast, 2017-2024

Floating Liquefied Natural Gas (FLNG) Market size is set to exceed USD 78 billion by 2024, according to a new research report. Favorable government initiatives including fiscal incentives to improve

https://www.marketstudyreport.com/reports/flng-market/?utm_source=RR-Sl

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:

Market Study Report

The Green Suite #4594,

Dover, DE 19901

United States

Phone: 1-201-355-0868

US Toll Free: 1-866-764-2150

Email: sales@marketstudyreport.com

Website: https://www.marketstudyreport.com

News: https://www.marketstudyreport.com/category/news-releases/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s