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Wednesday, 12 August 2020
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The News and Media Division of The Insight Partners
Tuesday, 21 Jul 2020 04:04 pm

Electric Water Heater Market in Europe is expected to grow from US$ 3,112.6 Mn in 2018 to US$ 4,249.7 Mn by the year 2027 at a CAGR of 3.5% during the forecast period

The tourism industry is constantly growing, and owing to this, the development curve of hotel infrastructure is continually upward. The rising number of hotel buildings is escalating the demand for commercial grade water heaters in the current scenario, as the hotel owners emphasize heavily on their services to their customers. Hot water is one of the significant factors in the hospitality industry, and owing to this, the demand for water heaters is an all-time high.

By SMN Bureau
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Electric Water Heater are widely used in the power industry owing to the high requirement of water and need to save freshwater resources. Electric Water Heater are gaining attention, especially in open-recirculating, closed-loop, and once-through frameworks, as these boost the heat transfer efficiency in a heat exchange equipment. The growing number of atomic plants across the world, combined with the need to maintain existing plants, is expected to augment the utilization of Electric Water Heater

The electric water heater market in Europe is expected to grow from US$ 3,112.6 Mn in 2018 to US$ 4,249.7 Mn by the year 2027 at a CAGR of 3.5% during the forecast period. Europe electric water heater market is expected to grow at a good CAGR during the forecast period. The growing demand for electric heater in the commercial spaces are supporting the increasing demand for the electric water heater market in Europe. The increasing urban migration is leading to a rise in the residential sector, the development of the commercial sector is also flourishing across the globe.

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Top Key Player:

AO Smith Corporation,Ariston Thermo S.p.A,Alfa Laval.,Bosch Group,Bradford White Corp.,Haier Smart Home Co., Ltd.,Midea Group,Siemens AG,Viesmann Group,Whirlpool Corporation

Electric Water Heater is a red or brown to black nanomaterial available in various forms and is used to meet the needs of the diversified user base. These nanoparticles possess several chemical and physical attributes including antimicrobial and antibiocide properties, photovoltaic properties, relatively stability, and superconductivity. They are generally used in small quantities to boost the performance of the endproduct; they are also considered to be cost-efficient advanced solutions. The nanonparticles are, therefore, used to manufacture batteries, semiconductor devices and equipment, gas sensors, microelectronics, and other equipment. Extensive research and development activities in the field of nanotechnology have paved the way for the application of these nanoparticles in biomedical, agricultural, textile, and other relevant industries.

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Europe Electric Water Heater Market–Segmentation

Europe Electric Water Heater Market – By Product

Storage

< 30 Litres

30 - 100 Litres

100 - 250 Litres

250 - 400 Litres

> 400 Litres

Non-storage

Europe Electric Water Heater Market – By Application

Residential

Commercial

Industrial

Europe Electric Water Heater Market by Country

France

Germany

Italy

UK

Russia

Rest of Europe

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Tags Europe Electric Water Heater Market 2020

SMN Bureau

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