Press release
Global Smart Connected Residential Water Heater Market 2017-2021
Smart connected residential water heaters are used to increase the temperature of water for household usage and can be operated from smartphones and other Internet-enabled devices through the Internet. Users can control and monitor these through specific mobile applications by using wireless connections such as Wi-Fi, NFC, and Bluetooth technologies.
Technavios analysts forecast the global smart connected residential water heater market to grow at a CAGR of 10.06% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global smart connected residential water heater market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
North America
APAC
Europe
ROW
Technavio's report, Global Smart Connected Residential 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
A.O.Smith
Rheem Manufacturing
Robert Bosch
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Other prominent vendors
Haier
Midea Group
Rinnai
Whirlpool
Market driver
Increasing product premiumization
For a full, detailed list, view our report
Market challenge
Increasing cost of raw materials
For a full, detailed list, view our report
Market trend
Growing online retail of smart connected residential water heaters
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?
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