The latest and emerging trends in the water heater industry are noteworthy. They are a large part the global success and market growth. Innovations in efficiency are among the most prominent trends occurring in the manufacture of water heaters. Public demand for cost reduction and environmental concerns are the main driver. Manufacturers have responded in kind. Several tankless models boast energy star ratings and efficiencies of 95 percent or greater. Water heaters are routinely equipped with LED diagnostics for troubleshooting, but more importantly, as a tool for predictive maintenance.
Human Machine Interface (HMI) panels are rapidly becoming a common feature of new water heater designs. More sophisticated models incorporate touch screen interfaces. Response to consumer demand has also caused manufacturers to incorporate WiFi connectivity and Smart Home compatibility. Leak detection, remote control, and online communication software are infiltrating water heater design landscapes. Manufacturers are making water heaters so that they are easier to install, operate, and maintain.
Finally, investment in specialty stores continues to rise. These stores provide a personal experience for the consumer, and investors recognize their intrinsic value. These niche establishments bring unique and personal touches such as; free demonstrations, home delivery, after-purchase services, and consultation.
Water Heater Global Market Summary
The global water heater market is quite impressive due to the many factors presented above. All indicators point toward continued growth that may surpass projections. Global citizenry has made its desires known, and the industry has answered by exceeding consumer expectations.
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