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Europe Instant Water Heater Market Trends

Report ID: GMI7260
Published Date: Nov 2024
Report Format: PDF

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Europe Instant Water Heater Market Trends

Advancements in smart home technologies, such as mobile app remote controls and energy-saving features, are driving product installations. Extreme climatic conditions will stimulate the demand for continuous hot water supply which will influence the business statistics. Consumers in Europe are highly conscious of sustainability, and many are willing to pay a premium for products that promise lower energy consumption and a reduced carbon footprint. Additionally, funding programs from both private and public entities for building establishments are further influencing these dynamics.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The European market for instant water heater was reached USD 2.11 billion in 2024 and is estimated to grow at a 5% CAGR from 2025 to 2034, driven by the integration with renewable energy sources.

The commercial segment is anticipated to reach more than USD 500 million by 2034, due to the growing demand in resorts, hotels, and public facilities, along with increased installations in off-grid areas.

The electric segment is set to register a CAGR of more than 4.5% through 2034, led by the introduction of smart instant heating technologies and their cost-effectiveness.

The UK instant water heater market is projected to surpass USD 800 million by 2034, shaped by urbanization, population growth, and strict environmental regulations promoting high-efficiency heating appliances.

Key players in the Europe instant water heater market include A. O. Smith, Ariston Holding N.V., Bosch Thermotechnology Corp., Bradford White Corporation, Ferroli, GE Appliances, Haier, Havells India, Heatrae Sadia, Jaquar India, Navien, Rinnai Corporation, Stiebel Eltron, Vaillant Group, Viessmann, and Whirlpool Corporation.