Water heaters are emerging as technologically advanced and innovative products globally. Electric water heaters are currently one of the most popular water heaters among consumers globally. Though the global electric water heater market is moving towards maturity, continuous innovation on the part of manufacturers is driving the growth in the global electric water heater market.  Water heating includes residential and commercial hot water systems. Energy efficient technologies in water ... Read more

Various technological advancements and product innovations have been made in water heaters over the past decade, with electric water heaters being the most impressive example. Although the market for electric water heater is heading toward maturity, constant innovation by manufacturers is sustaining the market growth. Electric water heaters have often exceeded the energy consumption ... Read more

Technavio analysts forecast the global electric water heater market to grow at a CAGR of over 6% during the forecast period, according to their latest market research report.

High preference for energy-efficient electric water heaters is one of the major trends being witnessed in the global ... Read more