Feb 28, 2018   SOURCE: PR NewsWire

Global Grid-interactive Water Heater Market 2017-2021 with Key Players Steffes and Vaughn Thermal Covered - CAGR to Grow at 12.35%

DUBLIN, Feb. 28, 2018 /PRNewswire/ --

The "Global Grid-interactive Water Heater Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.

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Global grid-interactive water heater market to grow at a CAGR of 12.35% during the period 2017-2021.

The report 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.

The latest trend gaining momentum in the market is Growing demand for smart homes and development of smart cities. The smart home concept is gaining rapid popularity as consumers look to improve domestic convenience through electronic devices. This is an evolutionary development in the residential real-estate sector, with the primary aim to make living more comfortable, convenient, secure, entertaining, and sustainable. Today, smart home technologies using advanced sensors are affordable and can be used by an average household to connect appliances, such as heating modules, lighting systems, air conditioning units, computers, television sets, entertainment systems, security devices, and camera systems. The homeowner can control these devices using their smartphones and tablets. Moreover, home appliances use artificial intelligence to accurately predict consumer preferences based on historical data.

According to the report, one of the major drivers for this market is Growing adoption of smart technologies. Growing focus toward achieving energy-efficiency has resulted in the development and deployment of smart equipment, such as smart grids. Globally, utilities are adopting smart grid technologies as a measure to improve the reliability of the grid, and for achieving energy efficiency. Technologies, such as RTUs, intelligent electronic device (IED), and other SCADA-based systems, are being adopted in T&D infrastructure, while smart meters are being installed at consumer homes.

Further, the report states that one of the major factors hindering the growth of this market is Lack of awareness. The global GIWH market is a niche market. As GIWHs are still in their development phase and a significant capital is being spent in their research, they have low popularity among buyers. Advantages of GIWHs are still unknown to many transmission companies and end-users, which is a key challenge that the market faces today. The lack of awareness among customers about the potential benefits of this equipment becomes a key challenge for vendors. Therefore, it is of crucial importance for vendors and manufacturers to spread awareness about the advantages of GIWH among customers.

Key Vendors

    --  Steffes
    --  Vaughn Thermal

Other Prominent Vendors

    --  Dakota Electric Association
    --  Great River Energy
    --  HTP (Everlast)

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation by End-User

Part 09: Regional Landscape

Part 10: Decision Framework

Part 11: Drivers and Challenges

Part 12: Market Trends

Part 13: Vendor Landscape

Part 14: Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/bvnvjl/global?w=5

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SOURCE Research and Markets