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Europe Instant Water Heater Market Size
- Report ID: GMI7260
- Published Date: Nov 2023
- Report Format: PDF
Europe Instant Water Heater Market Size
Europe Instant Water Heater Market was valued at 1.9 billion in 2022 and is anticipated to grow at a CAGR of over 4.6% CAGR from 2023 to 2032. It is known as a tankless or an on-demand water heater, a type of household appliance used to heat water for domestic purposes. The instant water heaters heat water on demand as it flows through the unit unlike the traditional water heaters equipped with a storage tank. Instant water heaters can easily integrate with renewable sources allowing homeowners to use clean energy for heating water, thereby changing the preferences amongst consumers and contributing to the market trends.
Stringent energy and environmental standards along with manufacturers continuously innovating the product designs to meet with the set standards and qualify for energy efficiency labels and certifications will continue to drive the business potential. For instance, the Renewable Energy Sources Directive (RED) 2009/28/EC, which amends and repeals earlier Directives 2001/77/EC and 2003/30/EC, creates a common set of rules for the use of renewable energy in the EU so as to limit greenhouse gas (GHG) emissions and promote cleaner transport.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Europe Instant Water Heater Market Size in 2022: | USD 1.9 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 4.6% |
| 2032 Value Projection: | USD 3.1 billion |
| Historical Data for: | 2019 to 2021 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 294 |
| Segments covered: | Application and Energy Source |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Europe Instant Water Heater Market Scope
