Asia-Pacific Leads Global Water Heater Market with Rapid Urbanization and Expanding Housing Infrastructure
The global water heater market was valued at USD 30.85 billion in 2024 and is projected to grow at a CAGR of 4.7% from 2025 to 2034. This growth is underpinned by escalating urbanization, increasing disposable incomes, and a global push towards energy-efficient and sustainable living solutions. The market's expansion is not uniform; regional dynamics, including regulatory frameworks,...
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