Residential Water Heater Market worth $24 billion by 2027, Says Global Market Insights Inc.
Residential Water Heater Industry demand is set to achieve around 4% CAGR between 2021 and 2027 supported by growing number of housing projects worldwide along with investments & developments in the real estate industry.
Selbyville, Delaware, June 10, 2021 (GLOBE NEWSWIRE)
The residential water heater
market revenue is projected to cross USD 24 Billion by 2027, as reported in the latest study by Global Market Insights Inc. Increased consumer spending on smart and efficient appliances, rising urban migration coupled with stringent norms to curb carbon emissions will influence the product penetration.
Stringent building efficiency standards along with rapid development of the green building projects is set to augment the market growth. Ongoing provisions by the government authorities to shift to energy efficient appliances to limit the carbon emissions along with power consumption will