Storage water heaters are commonly used for residential applications. They have a capacity ranging from 2 gallons to 105 gallons with continuous hot water availability. They are also increasingly used in countries with limited or broken electricity supply as they can store hot water for future use. The market is gradually moving towards tankless electric water heaters; however, the storage segment is still expected to remain dominant over the forecast period.

Residential storage water heater tanks are highly insulated to minimize standby losses, which may be prominent owing to irregular and non-continuous use. Commercial water heaters can be glass lined, stainless steel lined, cement and hydrastine cement lined. Commercial developments such as restaurants, schools, hospitals, and hotels are expected to favor commercial segment demand over the forecast period. Commercial electric storage water heaters have a capacity of up to 5,000 gallons.

Rapid infrastructure development in China and India is expected to boost the Asia Pacific electric water heaters market. However, the increasing trend for use of solar water heaters may restrict market demand gradually over the next seven years. Storage technology is increasingly becoming popular in most large households, since pre-heated water can be used from tanks in case of power cuts.

More information on this report is available here.

Publication date: 8/28/2015

Want more HVAC industry news and information? Join The NEWS on Facebook, Twitter, and LinkedIn today!