The study, which is based both on desk research and multiple waves of qualitative primary research, is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the water heater industry in any manner.Water heaters refer to appliances that warm up the water supplied through a network of pipes. The heated water can serve various purposes, such as cleaning, washing clothes, cooking, taking hot showers, removing stains, relieving clogged drains, etc. Water heaters are available in several variants on account of their energy efficiencies and storage capacities, including condensing gas water heaters, heat pump water heaters, gas and electric tankless systems, etc. They are generally convenient, cost-effective, and easy to install. As a result, water heaters are widely used in homes, restaurants, hospitals, etc.
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The increasing utilization of water heaters in thermal power plants, food and beverage processing, chemicals, and manufacturing-related applications is primarily driving the water heater market. In addition to this, the growing adoption of water heaters for cleaning, laundry, and supplying hot water in bathrooms, kitchens, swimming pools, etc., is further catalyzing the market growth. Moreover, the rising environmental concerns are augmenting the demand for instant water heaters that heat faster through a small-sized heating chamber and produce a lower carbon footprint as well as emissions. This, in turn, is acting as another significant growth-inducing factor. Additionally, the introduction of advanced sterilization technologies to improve the overall filtration and purity of water is positively influencing the global market. Furthermore, the integration of artificial intelligence (AI) and smart features, including mobile remote control software, leak detection systems, power load control, multiple communication options, etc., is anticipated to fuel the water heater market in the coming years.
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