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Europe Instant Water Heater Market Trends

Report ID: GMI7260
Published Date: Nov 2023
Report Format: PDF

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Europe Instant Water Heater Market Trends

Smart home technologies with features including remote control through mobile apps, convenience and energy savings in line with advancement of the existing technologies will fuel the product installation. Extreme climatic conditions across various economies across the region in line with continuous hot water supply requirements to support the increasing demand will sway the business dynamics. Furthermore, various funding programs toward building establishments by both private and public owned firms are set to augment the business dynamics.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market valuation of Europe instant water heater was worth USD 1.9 billion in 2022 and is projected to reach USD 3.1 billion by 2032, driven by the surging need to easily integrate with renewable sources to allow homeowners to use clean energy for heating water in the region.

Europe electric instant water heater market is estimated to witness over 3.5% CAGR from 2023 to 2032, attributed to the introduction of smart instant heating technologies.

The U.K. instant water heater industry size is poised to record more than 3.5% CAGR from 2023 to 2032, owing to the rapid expansion of the existing grid networks and the rising implementation of stringent environment regulations to curb carbon emissions in the country.

Some leading instant water heater companies in Europe are A. O. Smith, Ariston Holding N.V., Bosch Thermotechnology Corp., STIEBEL ELTRON GmbH & Co. KG, GE Appliances, Whirlpool Corporation, Rinnai Corporation, Havells India Ltd., Heatrae Sadia, Haier Inc., and Jaquar India