DUBLIN, October 6, 2017 /PRNewswire/ --
The "Global Smart Connected Residential Water Heater Market 2017-2021" report has been added to Research and Markets' offering.
The global smart connected residential water heater market to grow at a CAGR of 10.06% during the period 2017-2021.
Global Smart Connected Residential Water Heater Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is Growing online retail of smart connected residential water heaters. With the rising brand consciousness among end-consumers across the globe, the importance of renowned international retailers offering branded smart connected residential water heater has proportionally increased. The entry of the global vendors in the market is expected to raise the online sales of smart connected residential water heaters through sales portals of pure-play e-retailers and manufacturers.
According to the report, one of the major drivers for this market is Increasing product premiumization. Premiumization has been one of the key factors for the price growth of smart connected residential water heaters globally. Premiumization is a market strategy adopted by market players, which invites end-consumers to buy more expensive product coupled with the value proposition. They make customers buy more expensive products by presenting a proposition with a higher value by cross-selling and upselling of the product.
Further, the report states that one of the major factors hindering the growth of this market is Increasing cost of raw materials. The supply chain of a product plays a vital role in setting the price and cost strategy with suppliers, distributors, and end-consumers. The final pricing of the product is directly proportional to the total cost incurred in manufacturing a product.
- Rheem Manufacturing
- Robert Bosch
Other prominent vendors
- Midea Group
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Technology
Part 07: Market Segmentation By Distribution Channel
Part 08: Geographical Segmentation
Part 09: Key Leading Countries
Part 10: Decision Framework
Part 11: Drivers And Challenges
Part 12: Market Trends
Part 13: Vendor Landscape
Part 14: Key Vendor Analysis
Part 15: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/395mcd/global_smart
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