About Grid-interactive Water Heater 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. Technavio’s analysts forecast... Research Beam Model: Research Beam Product ID: 2751257 3500 USD New
Global Grid-interactive Water Heater Market 2017-2021
 
 

Global Grid-interactive Water Heater Market 2017-2021

  • Category : Machines
  • Published On : December   2017
  • Pages : 76
  • Publisher : Technavio
 
 
 
About Grid-interactive Water Heater

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.

Technavio’s analysts forecast the global grid-interactive water heater market to grow at a CAGR of 12.35% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global grid-interactive water heater market for 2017-2021. To calculate the market size, the report considers the new installations/ sales/value and excludes retrofit/replacement/spares/aftermarket/services market.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Grid-interactive Water Heater Market 2017-2021, 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.

Key vendors
• Steffes
• Vaughn Thermal
Other prominent vendors
• Dakota Electric Association
• Great River Energy
• HTP (Everlast)

Market driver
• Growing adoption of smart technologies
• For a full, detailed list, view our report

Market challenge
• Lack of awareness
• For a full, detailed list, view our report

Market trend
• Growing demand for smart homes and development of smart cities
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
• Market outline
PART 05: MARKET LANDSCAPE
• Market ecosystem
• Market characteristics
• Market segmentation analysis
PART 06: MARKET SIZING
• Market definition
• Market size and forecast 2016-2021
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY END-USER
• Segmentation by end-user
• Comparison by end-user
• Residential – Market size and forecast
• Non-residential – Market size and forecast
• Market opportunity by end-user
PART 09: REGIONAL LANDSCAPE
• Geographical segmentation
• Regional comparison
• Americas – Market size and forecast
• EMEA – Market size and forecast
• APAC – Market size and forecast
• Key leading countries
• Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
• Market drivers
• Market challenges
PART 12: MARKET TRENDS
• Growing demand for smart homes and development of smart cities
• Evolution of smart grids
PART 13: VENDOR LANDSCAPE
• Competitive scenario
PART 14: VENDOR ANALYSIS
• Vendor overview
• Steffes
• Vaughn Thermal
PART 15: APPENDIX
• List of abbreviations
List of Exhibits?
Exhibit 01: Current market scenario and future projections of each end-user segment
Exhibit 02: Global water heater market
Exhibit 03: Global water heater market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - inclusions and exclusions checklist
Exhibit 07: Global – Market size and forecast 2016-2021 ($ mn)
Exhibit 08: Global – Year-over-year growth 2017-2021 (%)
Exhibit 09: Five forces analysis
Exhibit 10: End-user – Market share 2016-2021 (%)
Exhibit 11: Comparison by end-user
Exhibit 12: Residential – Market size and forecast 2016-2021 ($ mn)
Exhibit 13: Average household size of 68 major economies 2000-2012
Exhibit 14: Residential – Year-over-year growth 2017-2021 (%)
Exhibit 15: Global urban population as a percentage of the total population 2008-2015 (%)
Exhibit 16: Non-residential – Market size and forecast 2016-2021 ($ mn)
Exhibit 17: Non-residential – Year-over-year growth 2017-2021 (%)
Exhibit 18: Growth of global spending in social infrastructure 2016-2020 (%)
Exhibit 19: Market opportunity by end-user
Exhibit 20: Global – Market share 2016-2021 (%)
Exhibit 21: Regional comparison
Exhibit 22: Americas – Market size and forecast 2016-2021 ($ mn)
Exhibit 23: Average monthly new privately-owned housing units started in the US 2011-2016 (thousands of units)
Exhibit 24: Americas – Year over-year-growth 2017-2021 (%)
Exhibit 25: EMEA – Market size and forecast 2016-2021 ($ mn)
Exhibit 26: EMEA – Year-over-year growth 2017-2021 (%)
Exhibit 27: Building permits issued index in EU 2007-2015 2010=100
Exhibit 28: APAC – Market size and forecast 2016-2021 ($ mn)
Exhibit 29: APAC – Year-over-year growth 2017-2021 (%)
Exhibit 30: Urban population (% of total) in APAC and the world 2008-2015 (%)
Exhibit 31: Key leading countries
Exhibit 32: Electricity demand CAGR 2012-2035
Exhibit 33: Global smart home market 2016-2021 ($ billions)
Exhibit 34: Smart home penetration regional share 2016-2021 (%)
Exhibit 35: Steffes product portfolio
Exhibit 36: Vaughn Thermal product portfolio

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