DUBLIN, August 11, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Geysers Market 2016-2020" report to their offering.
The global geysers market to grow at a CAGR of 8.25% during the period 2016-2020.
Global Geysers Market 2016-2020, 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. Based on the source of energy that is used to heat water, geysers can be classified into different types: electric, gas, solar, and geothermal.
Emergence of smart geysers is a key trend leading to the market growth. The development of smart geysers, which are manufactured with the latest technological advancements and have added features and functionalities, is key to the growth of the market. These smart geysers have generated a lot of demand in recent times, especially from consumers who prefer products that have the latest technologies incorporated. This will have a positive impact on the market's growth over the next five years.
According to the report, growing consumer preference for heat pump geysers is a major key driver for the market growth. Geysers that are manufactured using the heat pump technology are more energy-efficient than traditional electric geysers. This factor is the main reason behind their increasing demand, especially from the residential sector. Traditional electric resistance water heating devices are both inefficient and expensive. Heat pump geysers, on the other hand, offer high efficiency at low operating costs, like natural gas storage geysers.
Further, the report states that high installation and maintenance costs will be a challenge for the market.
- A. O. Smith
- Bajaj Electricals
- Bradford White
- Rheem Manufacturing
- Venus Home Appliances
Other prominent vendors
- Ariston Thermo
- Crompton Greaves
- Eccotemp Systems
- Heat Transfer Products
- Midea Group
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by storage
Part 07: Market segmentation by end-user
Part 08: Market segmentation by product type
Part 09: Geographical segmentation
Part 10: Key leading countries
Part 11: Market drivers
Part 12: Impact of drivers
Part 13: Market challenges
Part 14: Impact of drivers and challenges
Part 15: Market trends
Part 16: Vendor landscape
Part 17: Key vendor analysis
For more information about this report visit http://www.researchandmarkets.com/research/pswngd/global_geysers
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-geysers-market-2016-2020---research-and-markets-300312467.html
SOURCE Research and Markets