The report covers forecast and analysis of the Commercial Water Heaters market on a global and regional level. The study provides historical data for 2018, 2019 and 2020 as well as a forecast for 2019 to 2027 based on revenue and volume.
Global Commercial Water Heaters Market Overview:
The 150-page report is an overview of the global commercial water heater market. This report study based on the Commercial Water Heaters Market. This is a comprehensive overview of the market, covering various aspects of the market landscape. It accumulates comprehensive information and research methodologies. The Commercial Water Heaters Market research report is a meticulous study of the current market scenario, which covers several market dynamics.
The global commercial water heater market is worth $ 5.02 billion in 2019 and is expected to reach $ 8.96 billion by 2027, with a CAGR of 7.5% during the forecast period.
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According to the market report analysis, the process of heat transfer using an energy source designed to heat water above normal temperature is known as water heating. The water heater is one of the traditional devices like pots, kettles and the like that are used for heating domestic water. Water heaters provide a continuous supply of hot water. Fossil fuels, nuclear power, renewables, solar power and other alternative energy sources are used directly or indirectly to keep water heaters running. Commercial water heaters are used continuously throughout the day and night and therefore deserve special attention and maintenance on a regular basis.
Some of the most important key factors driving the growth of the global commercial water heater market are the increasing demand for energy efficient water heaters and the integration of commercial water heaters with new age technologies. However, factors such as high capital expenditure (CapEx) for development and operational losses in commercial water heaters are hampering the market growth.
This comprehensive Commercial Water Heaters market research report 2019-2027 includes a brief on these trends which can help companies operating in the industry to understand the market and strategize for expanding their business in result. The research report analyzes market size, industry share, growth, key segments, CAGR, and major drivers.
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Main key players:
1 AO Smith Corporation
2 American Standard water heaters
3 Ariston Thermo
4 Global Carrier
6 Haier Electronics
8 Linuo Ritter International
9 Midea Group
10 Noritz Corporation
11 RHEEM manufacturing company
12 Rinnai Corporation
13 Saudi ceramics
14 Solahart Industries
15 Stiebel Eltron
17 Thermex Corporation
18 Vaillant Group
19 Westinghouse Electric Corporation
20 Whirlpool and more ……………
Market segment by types:
6 Heat pump
Market segment by rated capacities:
1 10 kW
2 10 to 50 kW
3 50 to 150 kW
4,150 to 300 kW
5 above 300 kW
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Latest Industry News:
Haier Electronics (March 30, 2021) – Haier India introduces a new line of Magic Convertible Big Bottom Mounted refrigerators variants of large bottom refrigerators in the 3 and 4 star range. The new additions to the groundbreaking BMR Series – Bottom Mounted Refrigerator from Haier display the all new Magic Convertible Series which can control the temperature between a wide range of + 9⁰C to -24⁰C to meet the unique requirements of different foods to preserve their freshness and nutrition for a longer duration.
Different foods have different temperature requirements for storage. Not all food is best stored at exactly the same temperature. And while the ideal temperatures for different foods can vary by just a few degrees, these differences can have a huge impact on flavor, freshness, and texture. Intelligently designed to meet the versatile storage needs of different foods, the Magic Convertible Technology helps convert the refrigerator into 14 modes. Unlike other refrigerators, Haier’s Magic Convertible feature allows precise temperature control at every degree to store foods ranging from chicken, seafood to desserts and ice cream, grains and vegetables – at a favorable temperature.
This unique feature is enabled by Haier’s advanced triple inverter technology which also saves more energy and reduces noise. In addition, the innovative dual fan technology allows multiple airflow in the refrigerator to keep the different foods stored in the refrigerator cool for a longer period of time, while retaining their original flavors, smells and textures. Designed with Haier’s unique ‘Jhukna Mat’ concept in mind, the new BMRs come with the most used refrigerator section at the top while the less used freezer section is mounted at the bottom. This helps reduce flexing by up to 90% while providing easy visibility of stored food with twice the size crisper box for more storage.
The new range of refrigerators is equipped with a smart display that works easily to adjust the temperature and different modes. In addition, the refrigerator can be set to vacation mode, so that users are not strained while on vacation. In addition, the “connect home inverter” function automatically establishes a connection with the home inverter during power outages to ensure continuous cooling.
Commenting on the launch, Mr. Eric Braganza, President of Haier Appliances India, said, “At Haier India, we aim to provide our consumers with innovative products powered by cutting edge technology that makes their lives easier and complements their lifestyle. In keeping with our ‘Inspired Living’ motto, our new line of Big Bottom Mount refrigerators offer customers the flexibility to choose multiple cooling modes to suit their needs while reducing flexing by up to 90%. We value our customers and therefore our goal has always been to provide the best products and services without compromising space, style, technology and energy savings. By adding these 17 new variants of magic convertible refrigerators to our existing range, we are expanding our line of aesthetically designed products that match the ever-changing needs and requirements of our customers.
3 Analysis of market trends for commercial water heaters
Analysis of 4 Porters Five Force
5 Global Commercial Water Heaters Market, By Delivery Method
6 Global Commercial Water Heaters Market, By Product Type
7 Global Commercial Water Heaters Market, By Application
8 Global Commercial Water Heaters Market, By End User
9 Global Commercial Water Heaters Market, By Geography
10 key developments
11 Company profiling
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