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Electric Water Heater Market innovations in hybrid models creating new revenue opportunities
A report by DataM Intelligence estimates the Global Electric Water Heater market to grow at a CAGR of 5.9% during the forecast period 2024-2031. An electric water heater is a household appliance that uses one or more electrical heating elements to heat and store water in an insulated tank or to heat water on demand (tankless). It functions by converting electrical energy into heat to raise the...
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