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Global Grid-interactive Water Heater Market 2017-2021
SKU ID : TNV-11515256 | Publishing Date : 06-Dec-2017 | No. of pages : 76
About Grid-interactive Water Heater
Electric water heaters having two-way control capabilities with the grid are known as grid interactive water heaters (GIWHs). Energy storage in a GIWH proves to be economical, as its function is similar to a battery energy storage system, but at a much lesser cost. Typically, water usage in the residential sector, which holds the maximum share in the global GIWH market, is higher during mornings and evenings. As GIWH allows water to be heated as and when surplus power is available from the grid, it provides flexibility to the electric supply system and ensures cost savings. In addition, these heaters are a cost-efficient option even at the consumer end, as they pay for the surplus load rate, which is generally cheaper than the normal price. The global GIWH market is segmented based on end-user and geography. The key end-users identified in the report are residential and non-residential segments. The following exhibit represents the current market scenario and future projections of GIWH in each end-user segment.
Technavio’s analysts forecast the global grid-interactive water heater market to grow at a CAGR of 12.35% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global grid-interactive water heater market for 2017-2021. To calculate the market size, the report considers the new installations/ sales/value and excludes retrofit/replacement/spares/aftermarket/services market.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Grid-interactive Water Heater Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Steffes
• Vaughn Thermal
Other prominent vendors
• Dakota Electric Association
• Great River Energy
• HTP (Everlast)
Market driver
• Growing adoption of smart technologies
• For a full, detailed list, view our report
Market challenge
• Lack of awareness
• For a full, detailed list, view our report
Market trend
• Growing demand for smart homes and development of smart cities
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Electric water heaters having two-way control capabilities with the grid are known as grid interactive water heaters (GIWHs). Energy storage in a GIWH proves to be economical, as its function is similar to a battery energy storage system, but at a much lesser cost. Typically, water usage in the residential sector, which holds the maximum share in the global GIWH market, is higher during mornings and evenings. As GIWH allows water to be heated as and when surplus power is available from the grid, it provides flexibility to the electric supply system and ensures cost savings. In addition, these heaters are a cost-efficient option even at the consumer end, as they pay for the surplus load rate, which is generally cheaper than the normal price. The global GIWH market is segmented based on end-user and geography. The key end-users identified in the report are residential and non-residential segments. The following exhibit represents the current market scenario and future projections of GIWH in each end-user segment.
Technavio’s analysts forecast the global grid-interactive water heater market to grow at a CAGR of 12.35% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global grid-interactive water heater market for 2017-2021. To calculate the market size, the report considers the new installations/ sales/value and excludes retrofit/replacement/spares/aftermarket/services market.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Grid-interactive Water Heater Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Steffes
• Vaughn Thermal
Other prominent vendors
• Dakota Electric Association
• Great River Energy
• HTP (Everlast)
Market driver
• Growing adoption of smart technologies
• For a full, detailed list, view our report
Market challenge
• Lack of awareness
• For a full, detailed list, view our report
Market trend
• Growing demand for smart homes and development of smart cities
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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