PPT-Gas Water Heater Market: Global Market Insights, Inc.

1. Gas Water Heater Market 2016 – 2024

2. Global Market Scenario of Gas Water Heater • Global Gas Water Heater Market size is forecast to grow at over 5% CAGR from 2016 to 2024. Growing infrastructure spending and real estate development on a global scale has led to high consumption. • increased disposable income has resulted in significant installed base and replacement demand, which is projected to fuel revenue in the coming years. • Growth in the housing industry will continue being the most significant driving force for revenue over the forecast timeframe. • Consumer preferences for advanced and sophisticated products are forecast to present an attractive growth opportunity for companies operating in the gas water heaters market.

3. Continue..... • The presence of piped gas networks will bolster the industry over the next few years. Other competing technologies include solar, hybrid, andelectric water heater market. • Electric products occupy significant share on account of high degree of convenience, increased safety, and awareness regarding the benefits of these devices. • Major product segments include storage and tankless heaters. Storage based products offer higher ease of usage; however, the tankless segment is set to witness growth in the coming years due to their energy efficient nature and environmental sustainability.  • Residential gas water heater market share dominated the global industry revenue in 2015, which can be attributed to the large number of households. Additionally, growth in the construction industry and demand for multiple devices per home will contribute to revenue. • Get more detail @ https://www.gminsights.com/industry-analysis/gas-water-heater-market

4. 360° Analysis • Application Analysis • Buyers typically look into features such as brand presence and warranty coverage while making the purchase decision. Technological developments include the introduction of digital displays that not only help monitor levels but also allow customize operation. In the case of solar products, this added feature helps provide information on pressure readings, as well as collector and tank temperatures. Glass-lined tanks are forecast to gain prominence in the case of storage products, since they reduce corrosion and increase the life of the device. • Regional Analysis • Asia Pacific gas water heaters market share is poised to remain the largest regional industry over the forecast timeline. The region is characterized by high demand from countries such as China, Japan, and India. Furthermore, considerable number of industries and commercial settings will be responsible for estimated growth. Europe and U.S. gas water heater market is mature in nature, with demand projected to be steady in the coming years. • Competitive Market ShareMajor players in the industry include Rheem, American Water Heater Company, Crompton Greaves, Bradford White, A.O. Smith, Rinnai America Corp., Siemens, Haier, etc. In order to gain competitive advantage, these companies focus on developing energy efficient products suited for a wide range of end-use areas. Other strategies include focus on branding for gaining a robust consumer base.

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