The Water Heaters Global Market Report 2023 by The Business Research Company, provides water Heaters market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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In accordance with The Business Research Company’s comprehensive analysis presented in the Water Heaters Global Market Report for the year 2023, the market is poised for significant expansion, projected to escalate from the valuation of $33.91 billion in 2022 to an estimated $37.87 billion in 2023, signifying a noteworthy compound annual growth rate (CAGR) of 11.7%. However, this promising trajectory is notably influenced by the geopolitical landscape, particularly the Russia-Ukraine conflict, which has imparted substantial ramifications on the global economic recovery from the throes of the COVID-19 pandemic, albeit in the short term.
The repercussions of the conflict extend to the imposition of economic sanctions on numerous nations, an upswing in commodity prices, and disruptions within supply chains, thereby inducing inflation across diverse sectors. This confluence of factors inevitably impacts markets worldwide, making it imperative for stakeholders to navigate through this intricate landscape with acumen.
Projections extending to the year 2027 paint a more expansive picture for the global water heaters market, anticipating a robust market size of $57.04 billion, propelled by a commendable CAGR of 10.8%.
Rapid Urbanization is expected to contribute to the growth of the water heaters market in the forecast period.
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The water Heaters market is segmented:
1) By Product Type: Solar Heaters, Electric Heaters, Gas and Propane Heaters, Geothermal Heaters
2) By End User: Residential, Commercial, Industrial
3) By Distribution channel: Supermarket/Hypermarket, Specialty Stores, E-Commerce, Other Distribution Channels
Top 5 Major Players:
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21. Key Mergers And Acquisitions In The Water Heaters Market
22. Global Water Heaters Market Opportunities And Strategies
23. Water Heaters Market, Conclusions And Recommendations
24. Appendix
25. Copyright and Disclaimer
List Of Tables:
Table 1: Global Water Heaters Market, Historic, 2016 – 2021, $ Million
Table 2: Global Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
Table 3: Global Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
Table 4: Global Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
Table 5: Global Water Heaters Market, Segmentation By End-Users, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
….
Table 102: Global Water Heaters Market Size Gain ($ Million), 2021 – 2026, By Country
Table 103: Global Water Heaters Market Size Gain ($ Million), Segmentation By Product Type, 2021 – 2026
Table 104: Global Water Heaters Market Size Gain ($ Million), Segmentation By End-Users, 2021 – 2026
Table 105: Global Water Heaters Market Size Gain ($ Million), Segmentation By Distribution Channel, 2021 – 2026
Table 106: Water Heaters – Market Data Sources
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