Global Electric Water Heater Market Size, Share & Forecast to 2020-2026

1. Orion Market Research Global Electric Water Heater Market, Size, Share, Analysis Report & Forecast to 2026 Report on Electric Water Heater Market: Request a Free Sample of our https://www.omrglobal.com/request-sample/electric-water-heater-market Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404

2. Global market for electric water heater is projected to have considerable CAGR of around 10.5% during the forecast period. The major factor that propels the market growth include growing demand of tankless energy efficient water heater. The rising shift in the preference for tankless water heaters over conventional water heaters has been observed due to the energy-saving capacity of tankless water heaters. Tankless water heaters heat the water on demand instead of storing hot water, and no immersion rod is equipped for keeping the water hot continuously. Unlike conventional water heating systems, tankless water heater gets activated when the shower or faucet is turned on and gets deactivated when turned off, ensuring a continuous supply of hot water by saving energy.Moreover, mandatory rating norms by several governments in the Americas and Europe have made tankless water heaters eco-friendly and economical for the users, surging their preference for such water heaters. Get Free Sample Copy @ https://www.omrglobal.com/request-sample/electric-water-heater- market Moreover, IoT has been gaining popularity in lighting and home security industries, the technology is also transforming the commercial water heating. The capability of using an app for getting real-time performance data offers benefits to water heater manufacturers, plumbing contractors and commercial businesses who rely on a steady, cost-effective supply of hot water. IoT in water heating system can save energy in a number of ways. A user is allowed to control the heating system; for instance, lowering the temperature of the heater when no one is in the home. It can also include web-based or mobile app control through which the temperature can be adjusted from anywhere. The water heating companies are collaborating with IoT companies for adding connectivity in their boilers. Therefore integration of IoT in water heater further provide significant opportunity to the market. A https://www.omrglobal.com/industry-reports/electric-water-heater-market Full Report of Global Electric Water Heater Market is Available at: Global Electric Water Heater Market Segmentation By Product Type •Tankless Water Heater •Storage Water Heater By Application •Residential •Commercial •Industrial Global Electric Water Heater Market – Segment by Region

3. North America •United States •Canada Europe •Germany •United Kingdom •France •Spain •Italy •Rest of Europe Asia-Pacific •China •Japan •India •Rest of Asia-Pacific Rest of the World For https://www.omrglobal.com/report-customization/electric-water-heater-market More Customized Data, Request for Report Customization @ About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404