The key player in Global Geysers Market 2016-2020

Friday 29 July 2016, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the global geysers market: A. O. Smith, Bajaj Electricals, Bradford White, Rheem Manufacturing, and Venus Home Appliances.

Other Prominent Vendors in the market are: Ariston Thermo, Bosch, Crompton Greaves, Eccotemp Systems, Eldominvest, Electrolux, Haier, Heat Transfer Products, Hubbell, Midea Group, Noritz, and Rinnai.

Commenting on the report, an analyst said: “Emergence of smart geysers is a key trend leading to the market growth. The development of smart geysers, which are manufactured with the latest technological advancements and have added features and functionalities, is key to the growth of the market. These smart geysers have generated a lot of demand in recent times, especially from consumers who prefer products that have the latest technologies incorporated. This will have a positive impact on the market's growth over the next five years.”

According to the report, growing consumer preference for heat pump geysers is a major key driver for the market growth. Geysers that are manufactured using the heat pump technology are more energy-efficient than traditional electric geysers. This factor is the main reason behind their increasing demand, especially from the residential sector. Traditional electric resistance water heating devices are both inefficient and expensive. Heat pump geysers, on the other hand, offer high efficiency at low operating costs, like natural gas storage geysers.

Further, the report states that high installation and maintenance costs will be a challenge for the market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.