Grid-Interactive Water Heater Market (Updated Version Available)

Overview Of Grid-Interactive Water Heater Market

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. The new market research report Grid-Interactive Water Heater Market to its huge collection of research reports. Grid-Interactive Water Heater market and delivers a comprehensive individual analysis on the top companies, including Steffes, Vaughn Thermal, Great River Energy, HTP (Everlast)

The global Grid-Interactive Water Heater market is estimated to be valued at USDXX Million in the year 2028, growing at a CAGR of XX% in the period 2021 to 2028.

The Grid-Interactive Water Heater market report offers in-depth and extensive analysis of the factors affecting Market Dynamics, Distribution Channel, Product type, and geography, emerging technological trends, market challenges, recent industrial policies, and market size, revenue share and detailed forecasts during 2021-2028. It also provides comprehensive coverage on major industry drivers, restraints, and their impact on market growth during the revenue forecasts for global, regional and country levels.

Key Companies
Steffes
Vaughn Thermal
Great River Energy
HTP (Everlast)

Market Product Type Segmentation
80 Gallon Capacities
100 Gallon Capacities
119 Gallon Capacities
Others

Market by Application Segmentation
Residential
Non-Residential

By Region
Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the size of occupied by the prominent leaders for the forecast period, 2021 to 2028?
• What will be the share and the growth rate of the Grid-Interactive Water Heater market during the forecast period?
• What are the future prospects for the Grid-Interactive Water Heater industry in the coming years?
• Which trends are likely to contribute to the development rate of the industry during the forecast period, 2021 to 2028?
• What are the future prospects of the Grid-Interactive Water Heater industry for the forecast period, 2021 to 2028?
• Which companies are dominating the competitive landscape across different region and what strategies have they applied to gain a competitive edge?
• What are the major factors responsible for the growth of the market across the different regions?
• What are the challenges faced by the companies operating in the Grid-Interactive Water Heater market?

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.