Increasing residential and commercial projects worldwide are expected to drive market demand
August 28, 2015
The global electric water heaters market is forecast to reach $29.32 billion by 2022, according to a new study by Grand View Research Inc. Global market demand is expected to reach 117.5 million units by 2022, growing at a compound annual growth rate (CAGR) of 6.9 percent over the forecast period.
AERCO Is a Manufacturer of a Range of High-Efficiency Commercial Boilers and Water Heaters
November 21, 2014
Watts Water Technologies Inc. has announced the signing of a definitive agreement to acquire AERCO International Inc., a portfolio entity of The Riverside Co., in an all-cash transaction. The acquisition of AERCO is expected to close before the end of this year subject to customary closing conditions.
Acquisition Increases Rheem’s Water Heating Offerings in South America
November 3, 2014
Rheem announced that it has acquired CEM S.A., a Chilean company that manufactures and distributes tankless, solar, and tank water heating products. CEM sells its products under the Splendid brand name throughout South America.
Order Placed for an Ilios Water-Source High-Efficiency Water Heater
August 11, 2014
Ilios Inc., a subsidiary of Tecogen® Inc., announced it has signed a manufacturers’ representative agreement with Sam DeSanto Co. Inc. (SDCI), a Mid-Atlantic based HVAC and plumbing equipment supplier. Concurrent with the signing, SDCI placed an order for an Ilios water-source high-efficiency water heater.
Water Heaters Are Exported to North America and Sold Under the Greentherm Brand Name
January 7, 2014
Bosch Thermotechnology’s Aveiro plant in Portugal has passed the 20 million mark in production of gas-fired water heaters. Vulcano brand gas water heaters are a leading tankless water heater technology and are sold throughout Europe and exported to North America where they are sold under the Greentherm brand name.