Water Heater Market: Increased Product Visibility Has Resulted in Increasing Demand for Energy-Efficient Water Heaters in the Recent Past
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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