Residential Water Heater Market Trends

Rising electricity demand along with favorable rural electrification activities in developing economies will accelerate the industry landscape. Rapid urbanization across the emerging economies in line with growing requirement for efficient water heating systems across various applications will enhance the business trend. Additionally, continuous development of smart city projects by government authorities coupled with ongoing measures toward adoption of efficient heating systems across residential & commercial facilities to reduce energy consumption will boost the business scenario in the forecasted timeframe.