Global Water Heater Market - Expanding Manufacturing and Construction Industry, Increasing Urbanization Driving the Growth of the Global Water Heater Market
The global water heater devices market was valued at US$ 37.8 Bn in 2014 and is expected to expand at a CAGR of 4.9% by 2021. Increasing R&D initiatives by international and regional players for development of innovative and efficient water heaters is leading to competitiveness in the market. This is further expected to fuel market growth during the forecast period.
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