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Instant Water Heater Market Trends

Report ID: GMI3007
Published Date: Nov 2024
Report Format: PDF

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Instant Water Heater Market Trends

Enhanced energy efficiency, compact size, and ability to provide a continuous supply of hot water, ideal for both residential and commercial use will stimulate the product demand. Technological advancements, such as remote control and scheduling features, combined with the global shift towards sustainability and renewable energy, are set to boost the industry statistics. Furthermore, significant investments by manufacturers in research and development, aimed at ensuring ongoing technological improvements, will shape the business landscape.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The global market for instant water heater was reached USD 17.1 billion in 2024 and is estimated to grow at a 5% CAGR from 2025 to 2034, driven by stringent energy efficiency norms.

The residential segment is anticipated to reach more than USD 19.6 billion by 2034, due to the integration of equipment with renewable energy sources, including solar panels.

The gas segment is expected to witness a CAGR of over 6.5% through 2034, owing to features like low standby losses, precise temperature control, and cost-effectiveness.

The Asia Pacific instant water heater market is likely to exceed USD 11 billion by 2034, led by heightened customer awareness of climate change, pollution, and rising emissions.

Key players in the instant water heater industry include A. O. Smith, Ariston Holding N.V., Bosch Thermotechnology Corp., Bradford White Corporation, FERROLI S.p.A, GE Appliances, Havells India Ltd., Hubbell Heaters, Haier Inc., Jaquar India, Navien Inc., Rheem Manufacturing Company, Rinnai Corporation, Vaillant Group, and Whirlpool Corporation.