Brooklyn, NY -- (SBWIRE) -- 10/09/2018 -- Qyresearchreports include new market research report "Global Grid-Interactive Water Heater Market Professional Survey Report 2018" to its huge collection of research reports.
This report studies the global Grid-Interactive Water Heater market status and forecast, categorizes the global Grid-Interactive Water Heater market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).
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.
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Owing to the rising population and the economic growth, the demand for energy will highly increase. Emerging economies such as China, need high energy due to their rapid industrilization. Technavios market research report has identified growth in energy consumption as one of the primary factors that will fuel the growth of the grid-interactive water heater market in the coming years. With the high energy requirement morerenewable energysources are coming online is bound to significant impact on the consistency of the electricity. Increased consumption of electricity will lead more renewable power to come online which will increase the load of the grid and GIWH provides demand-side flexibility which stabilizes the grid. Owing to the increased consumption of energy, the grid-interactive water heater (GIWH) will witness growth.
The Americas will be the major revenue contributor to the GIWH market throughout the forecast period. The market is primarily driven by the investments in the residential commercial sector. The demand from the Latin countries and the US is very high due to which the grid enabled water heater market is witnessing strong growth in the region.
The major manufacturers covered in this report
Steffes
Vaughn Thermal
Great River Energy
HTP (Everlast)
We can also provide the customized separate regional or country-level reports, for the following regions:
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Rest of Asia-Pacific
Europe
Germany
France
UK
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
80 Gallon Capacities
100 Gallon Capacities
119 Gallon Capacities
Others
Complete table of content is available at: https://www.qyresearchreports.com/report/global-grid-interactive-water-heater-market-professional-survey-report-2018.htm
By Application, the market can be split into
Residential
Non-Residential
The study objectives of this report are:
To analyze and study the global Grid-Interactive Water Heater capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
Focuses on the key Grid-Interactive Water Heater manufacturers, to study the capacity, production, value, market share and development plans in future.
Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
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