As per this study, the Global Instant Water Heater Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%. By volume, the market was estimated XX KT in 2021 and is expected to reach XX KT by 2028 with a CAGR of XX%.
Instant water heater or tankless water heater refers to the water heating equipment that offers hot water by using gas or electricity as a power source. In an instant water heater, the cold water is heated to a specific temperature using a heat exchanger, and the outlet pipe is connected to the tap that withdraws the hot water. It includes a water flow sensor that detects the flow of water and then turns the system on to heat the water automatically.
Rising demand for water heaters from the residential and commercial sector is driving the market growth. Increasing preference towards product owing to a cost-effective, durable heating system that consumed less space with instant delivery of hot water is further fueling the market demand. Rise in per capita income along with shifting preference towards energy efficient home appliances is again boosting the market growth. However, the high cost of the product over conventional water heaters is likely to hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of instant water heater.
The broad instant water heater market has been sub-grouped into energy source and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Energy Source
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for instant water heater in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Instant Water Heater Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the instant water heater market include A.O. Smith, Ariston Thermo Group, Bosch Thermotechnology, Bradford White Corporation (BWC), Ferroli S.p.A, Haier Electronics, Hubbell Incorporated, Jaguar, KANCH (HANGZHOU) WATER HEATER CO., LTD., Linuo Ritter International Co., Ltd, Rheem Manufacturing Company, Rinnai Corporation, Saudi Ceramics, State Industries, Vaillant Group, VIESSMANN Manufacturing Company Inc. and Whirlpool Corporation among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.