Grid-interactive Water Heater Market | Growth and Analysis
Trends, Drivers and Vendor Forecasts for 2021-2025

Accelerating at a CAGR of almost 5%, the grid-interactive water heater market is expected to grow by post an incremental growth of $ 56.13 mn over the next five years. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.

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Grid-interactive Water Heater Market: Market Segments and Key Trends

The Grid-interactive water heater market is segmented by End-user (Residential and Non-residential) and Geography (North America, Europe, APAC, South America, and MEA). North America led the market with 86% of the market growth set to originate from this region during the forecast period. Capital intensive nature of the market is one of the challenges that will need to be overcome to drive growth. The research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.

Grid-interactive Water Heater Market: What are the Growth Drivers?

The growth in energy consumption is one of the primary factors driving the growth of the grid-interactive water heater market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.

Vendor Analysis: Ariston Thermo Spa, Dakota Electric Association and Great River Energy are key growth contributors

The market is concentrated. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Ariston Thermo Spa, Dakota Electric Association, Great River Energy, Otter Tail Corp., Steffes LLC, and Vaughn Thermal Corp. are some of the major market participants.

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Grid-interactive Water Heater Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive grid-interactive water heater market growth during the next five years
• Precise estimation of the grid-interactive water heater market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the grid-interactive water heater market industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of grid-interactive water heater market vendors

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of almost 5%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 56.13 mn through 2021-2025.
    
3. What is a key factor driving this market?
   growth in energy consumption will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   86% growth will originate from North America
    
6. Who are the leading market vendors?
   The leading vendors in this market are Ariston Thermo Spa, Dakota Electric Association, Great River Energy, Otter Tail Corp., Steffes LLC, and Vaughn Thermal Corp.
    
7. What are the market segments covered in this report?
   The market is segmented by End-user (Residential and Non-residential) and Geography (North America, Europe, APAC, South America, and MEA)

Grid-interactive Water Heater Market Size to Grow by $ 56.13 mn through 2021-2025

The grid-interactive water heater market is expected to grow by $ 56.13 mn, accelerating at a CAGR of almost 5% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View Free Sample Report

Grid-interactive Water Heater Market: Segmentation by End-user

This report provides a detailed analysis of the market by End-user (Residential and Non-residential) and Geography (North America, Europe, APAC, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.

Grid-interactive Water Heater Market: Vendor Analysis

The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Ariston Thermo Spa, Dakota Electric Association, Great River Energy, Otter Tail Corp., Steffes LLC, and Vaughn Thermal Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The Gobal Grid-interactive Water Heater (GIWH) Market is expected to grow by USD 56.13 million accelerating at a CAGR of nearly 5% during the forecast period. Although the industrials sector is expected to witness negative growth as a result of COVID-19, the impact of the pandemic on the market in focus is expected to remain NEUTRAL. Technavio evaluates the market with a detailed investigation into the market forces, emerging trends, and growth drivers. It also provides competitive benchmarking to equip clients with actionable insights that will help them navigate through the current market scenario. Preview our latest report with COVID-19 Impact Analysis

"The growth in energy consumption will drive the growth prospects for the Global Grid-interactive Water Heater Market in the forthcoming years. 86% of the market growth will originate from North America during the forecast period. The investments in the residential sector will facilitate market growth in the region during the forecast period", says senior research analyst for the Industrials Industry at Technavio.

Grid-interactive Water Heater Market: End-user Segment Highlights

• End-user Segmentation: residential and non-residential
• Residential segment dominated the market but fast-paced industrialization in developing countries will also impact this market positively.
• The growing middle-class population and increasing disposable incomes, are expected to drive the grid enabled water heater market during the forecast period. Therefore, the growth of the market segment is expected to be significant throughout the forecast period.

Grid-interactive Water Heater Market: Competitive Analysis

• The Grid-interactive Water Heater Market is concentrated due to the presence of several vendors.
• Market vendors focused on developing advanced interventional cardiology products, market expansion, innovations, and expansion of distribution networks.
• Ariston Thermo Spa, Dakota Electric Association, Great River Energy, Otter Tail Corp., Steffes LLC, and Vaughn Thermal Corp. are some of the major market participants. Although market vendors will leverage external market drivers such as growth in energy consumption to achieve growth opportunities, the capital intensive nature of the market will challenge the growth of the market participants.

Technavio provides custom research reports with detailed insights on the impact of COVID-19 with respect to the industry, region, and supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download a Free Sample Report