The Residential Electric Water Heaters Market is experiencing substantial growth as consumers increasingly prioritize energy-efficient and cost-effective solutions for their homes. With rising energy costs, environmental concerns, and a growing demand for convenience, electric water heaters are becoming a preferred choice for homeowners worldwide. As technological advancements in electric...

The global water heater market size is anticipated to reach USD 40.09 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 4.7% from 2024 to 2030. The market is primarily driven by increasing hot water demand from various residential applications, including cleaning, and cooking, which is anticipated to augment the...