Rising Adoption in the Commercial and Industrial Sector to Drive the Water Heater Market
“Water Heater Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2028” is an upcoming market research report added by the analysts at Industry Probe. Water heater market report offers existing driving and limiting factors, consumer behavior &trends, and scope for opportunities that can help the strategists and companies.
The report is a result of a thorough secondary research as well as interviews with industry experts. Therefore, numbers are as close to accurate as they get and the information accessible in the report on the water heater market is easy to comprehend. Industry Probe analysts have included some of the major players operating in the water heater market along with information about revenue, strengths, opportunities, segmentation,competitive landscape and regional presence of the market players.
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As per the report from Industry Probe, rising adoption in the commercial and industrial sector is projected to fuel the demand for water heaters. Substantial investments for infrastructure development coupled with growing demand for reliable, cost-efficient, and eco-friendly heating systems are expected to have a positive impact on the global market. Furthermore, rising demand for advanced solutions on account of developing living standards mainly across emerging economies is projected to profitably impact the business outlook.
From a geographical perspective, the global water heater market is segmented into North America (NA), Europe (EU), Asia Pacific(APAC), Middle East & Africa (MEA), and South America (SA). The North America market comprises the U.S., Canada, and Rest of North America. Europe includes the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East &Africa comprises GCC, South Africa, and Rest of Middle East & Africa. South America consists of Brazil, Mexico, and Rest of South America. In 2017, the water heater market in North America and Europe led the global market and is expected to continue its dominance throughout the forecast years. However, the market in the Asia Pacific region is expected to grow at a faster rate during the forecast period.
Originally published on- http://industry-probe.over-blog.com/2020/04/rising-adoption-in-the-commercial-and-industrial-sector-to-drive-the-water-heater-market.html
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