According to a market research study published by The Insight Partners, demand analysis of Electric water heater market on a global scenario was valued at US$ 14,078.4 Mn in 2018 and is expected to grow at a CAGR of 4.9% during the forecast period, to reach US$ 21,478.7 Mn by 2027. Water heating accounts for a considerable proportion of domestic energy use in all economies. The electric...