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North America to Dominate the Global Dip Tubes Market in 2020-2027

Mar 11th 2020 at 12:28 AM

Industry Probe has titled an upcoming report as “Dip Tubes Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027” to its ever growing database of reports. The report explicates the market for dip tubes via a sequence of channels that incorporate data ranging from fundamental information to an unquestionable projection. It further includes all the primary factors that are expected to undergo definite transformation within the market. The data accessible in the report therefore can be used to augment a standing of the company operating in the global dip tubes market.

As per the Industry Probe’s upcoming report, the U.S. is expected to account for a dominant share of dip tubes market in North America from 2018 to 2026, followed by Canada. On the basis of region, the report has segmented the global dip tubes market into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

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Europe constitutes a significant share of the global Dip Tubes market. Germany, U.K., France, Italy, and Spain are prominent countries of the market in the region. Additionally, Asia Pacific is expected to be a significant region of the dip tubes market across the globe in the near future. Also, China is expected to be a prominent country in the dip tubes market in Asia Pacific in the next few years. Japan, South Korea, and India are other major countries of the dip tubes market in the region.

In India, the number of installations of solar water heaters is growing significantly over the last few years. In 2014, as per the NITI Aayog, the government of India had a minimal share of 1.6% of the total heating capacity of solar water heaters installed across the world. The government of India provides incentives for the growth of the solar water heaters market in India, which is expected to drive demand for dip tubes across India. GCC is projected to account for a major share of the market in Middle East & Africa, followed by South Africa, in the near future. Brazil is likely dominate the Dip Tubes market in South America during the forecast period.

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