The Global Electric Water Heaters Market is expected to reach USD 29.32 billion by 2022, according to a new study by Grand View Research, Inc. Increasing residential and commercial projects worldwide is expected to drive market demand over the forecast period. Rising disposable income and preference for tankless heaters may further fuel the electric water heaters market. Growing awareness for automated temperature control, energy efficiency and environmental sustainability is estimated to favor tankless heaters demand. Increasing government initiatives to improve rural infrastructure and uninterrupted electricity availability in these areas is expected to provide new opportunities to market growth. Rising electricity prices, volatile raw material prices and growing preference for solar water heaters may restrain market growth over the forecast period.
http://www.grandviewresearch.com/industry-analysis/electric-water-heaters-market
No comments:
Post a Comment