North America Water Heater Market Report 2014-2018: Key Vendors are A. O. Smith Corp, Rheem Manufacturing Co & Bradford White Corp.
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DUBLIN - August 26, 2014 (Investorideas.com Water Stocks Newswire) Research and Markets has announced the addition of the "Water Heater Market in North America 2014-2018" report to their offering.
"Water Heater Market in North America 2014-2018"
The Water Heater Market in North America to grow at a CAGR of 8.27 percent over the period 2014-2018.
The report, covers the present scenario and the growth prospects of the Water Heater market in North America for the period 2014-2018. To calculate the market size, it considers revenue generated from sales of the Storage water heaters, Tank-less water heaters, Solar water heaters from the US and Canada
One of the predominant trends emerging in this market is the development of heat pump water heaters. Market vendors are focusing their R&D efforts on developing water heaters that are more energy-efficient than conventional water heaters.
According to the report, one of the major drivers in this market is the growing demand for tankless water heaters. These water heaters are increasingly being adopted by end-users as they are more energy-efficient than conventional water heaters and require less installation space.
Further, the report states that continual changes in regulations are one of the major challenges in the market. The need to conserve non-renewable resources has forced many countries to enforce new regulations. This has made it difficult for market vendors to comply with the stringent regulations.
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