Summary

The electric water heaters use electricity as an energy source to heat water. Electric water heaters can be divided into three type according to the size of the heating power, that is, Electrical storage water heaters, Instantaneous electric water heater, Quick electric water heater (also known as semi-storage-type). Most electric water heaters use electric resistance elements to heat the water in the storage tank using two electric resistance elements, which are located at the bottom and top of the storage tank. Each element is controlled by an independent thermostat. In two element tanks the lower element provides recovery from standby loes and the upper element provides heating during periods of large hot water use. Some resistance water heaters contain only a lower element.
ICRWorld's Electric Water Heaters market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving revenue growth and profitability.
The industry report lists the leading competitors and provides the insights strategic industry analysis of the key factors influencing the market.
The report includes the forecasts, analysis and discuion of important industry trends, market size, market share estimates and profiles of the leading industry players.
The market is expected to expand at 4.55% CAGR over the period between 2019 and 2024.
Global Electric Water Heaters Market: Product Segment Analysis
Electrical storage water heaters
Instantaneous electric water heater
Quick electric water heater
Global Electric Water Heaters Market: Application Segment Analysis
Household electric water heaters
Commercial electric water heaters
Global Electric Water Heaters Market: Regional Segment Analysis
USA
Europe
Japan
China
India
South East Asia
The players mentioned in our report
A.O.Smith
Rheem
Whirlpool
Nihon Itomic
Simens
Ferroli
STIEBEL ELTRON
ELDOMINVEST
Hubbell
Ariston Thermo
State Industries
SAKURA
Haier
Midea
Wanjiale
Otlan
Weber
Sacon
Vanward New Electric
Vatti