Water Heater Market Value to Increase by $ 2.76 Billion During 2020-2024 | Includes Post-Pandemic Recovery Analysis | Technavio
LONDON–(BUSINESS WIRE)–Technavio has been monitoring the water heater market and it is poised to grow by USD 2.76 billion during 2020-2024, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the…