Rising Demand for Advanced Solutions to Boost the Water Heater Market


An upcoming market research report from Industry Probe titled “Water Heater Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2028” provides comprehensive understanding of the market to the clients cultivating their leadership capacity. Further, the report explores significant factors related to the water heater market that cover industry overview, segmentation analysis, and competitive landscape.       
The report with its easy and plain manner has cited pragmatic ideas of the market. The report also highlights numerous facts responsible for the growth of the market such as development factors, statistical growth, business strategies, financial loss or gain to assist readers as well as clients comprehend the water heater market from a global perspective. 
 
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According to the report from Industry Probe, rising demand for advanced solutions on account of developing living standards mainly across emerging economies is projected to profitably impact the business outlook. In addition, with the advancement in design and engineering of water heaters, manufacturers are incorporating various aesthetics and safety features in their products to provide value addition and gain an edge in the water heater market. This is projected to expand the water heater market in the coming years.
The global water heater market can be segmented in terms of product type, capacity (Ltr.), storage type, mounting type, heater shape type, end-user, distribution channel, and region. In terms of distribution channel, the market is divided into online distribution channels and offline distribution channels. The offline sales channel segment is sub-divided into hypermarkets & supermarkets, convenience stores, independent electric stores, and department stores. In terms of revenue, the offline distribution channel segment accounts for leading market share. However, the online sales channels segment is projected to expand at a rapid growth rate during the forecast period.
Some of the major companies operating in the global water heater market are featured in this report to give a better competitive analysis of the market and these include A.O. Smith Water Products Company B.V., Bradford White Corporation (BWC), Ferroli S.p.A., Bosch Thermotechnology, Rheem Manufacturing Company, State Industries, Rinnai America Corporation, Hubbell Electric Heater Company, Saudi Ceramics, Linuo Ritter International Co. Ltd., Himin Solar Co. Ltd., Ariston Thermo SPA, Jaquar Group, Viessmann Manufacturing Company Inc., Whirlpool Corporation, Vaillant Group, and Haier Group.

Originally published on- https://industryprobe.weebly.com/blog/rising-demand-for-advanced-solutions-to-boost-the-water-heater-market

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Industry Probe is a global market intelligence and advisory firm with an unwavering purpose to help businesses achieve strategic objectives through a varied range of offerings. Based on a unique amalgamation of our big data technology and human intelligence, our services are dedicated to serve the businesses operating in the consumer goods and industrial machinery sectors. Our offerings comprises syndicated research, strategic consulting & advisory services, competitive intelligence, and full time engagement to bring true & actionable insights into our clients’ business environment. Combining research & technology adoption, playing the perfect mix of the best data, and centered on consumer goods & industrial machinery sectors, Industry Probe believes in targeting one industry at a time.

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