Kearney, the Chicago-based management consulting firm, says US efforts to reduce reliance on China, as well as price-sensitive American buyers, are driving trade towards lower-cost alternatives in Asia.
One of China’s biggest water-heater manufacturers said its US clients had demanded it move production out of China in response to rising geopolitical tensions, reports the Financial Times. Lu Yucong, chair of Guangdong Vanward New Electric, blamed American and European protectionism for the shift. The move highlights how not just foreign companies but also Chinese…
/PRNewswire/ The global commercial water heaters market size is estimated to grow by USD 3,068.01 million from 2022 to 2027, according to Technavio. The.
Global Commercial Water Heaters Market 2023-2027. The analyst has been monitoring the commercial water heaters market and is forecast to grow by $3,068.01.