Water Heaters Market to Reach an Estimated Value of US$ 50 Bn by 2021

Water heating is considered as the top energy expense in the home. However, homeowners are looking for better water heaters to reduce their monthly bill. This is leading the manufacturers to develop innovative products that consume less energy. With consumers moving towards adopting tankless and high-efficiency water heater technology, the manufacturers of water heaters are focusing on redesigning their products to maintain their position in the global water heater market.