The Global Water Heater Market is Projected to value $9.6 Billion by the end of 2026

The Global Water Heater Market is projected to reach $9.6 billion by the end of 2026. A report in the latest study published by Global Market Insight has projected the figures of the Global Water Heater Market after studying several aspects.

Governments of almost every country are making new rules to reduce the carbon footprint along with growing urbanization and commercialization. These new initiatives by the governments are accelerating the demand for the water heaters. Growth in the development of eco-friendly building projects and the construction of smart cities are boosting the Global Water Heater Market.

Several HVAC manufacturers are making energy-efficient heating appliances to limit the carbon emissions. This is increasing the business landscape.

Read the full report on – https://www.gminsights.com/industry-analysis/storage-water-heater-market

There are many other aspects related to the market that are playing important roles to strengthen it. Building infrastructures such as hospitals, domestic places, offices and others are accelerating the water heater industry size.

The water heater manufacturing companies are bringing new abilities along with healthy development to set a business outlook. Now the tankless water heaters are also available to reduce carbon emission and power consumption. Positive reviews of the tankless water heaters are pointing towards the growth of the Global Water Heater Market.

Furthermore, the product innovation along with the communication options such as Wi-Fi is boosting the installations of water heater units.

Asia pacific tankless water heater industry size was valued at more than $3 billion in 2017 due to the ongoing infrastructure projects across China and India. Expanding the tourism sector in the US will stimulate the demand for the water heater system in the country during the projected period.