Home > Industrial Machinery > HVAC > Water Heater > Instant Water Heater Market

Instant Water Heater Market Trends

Report ID: GMI3007
Published Date: Oct 2023
Report Format: PDF

Download Free Sample

Instant Water Heater Market Trends

Key features comprising enhanced energy efficiency, compact size, as well as the ability to deliver continuous supply of hot water makes these systems suitable for residential and commercial applications. Modern technological advancements consisting of remote control and scheduling along with global push towards sustainability and renewable energy solutions will augment the industry trends. In addition, large scale investments by various manufacturers in research & development activities to ensure continuous technological enhancements will drive the business scenario.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market valuation of instant water heater was worth USD 13.17 billion in 2023 and is anticipated to reach more than USD 19.25 billion by 2032.

Gas fuel segment is anticipated to grow at a rate of over 6% through 2032, owing to key features including low standby losses, desired temperature, and cost effectiveness in line with rising focus towards the refurbishment of heating systems across the existing buildings.

North America market will grow at a CAGR of more than 6.5% through 2032, as existing building standards & codes are encouraging the deployment of high-efficiency heating appliances combined with increasing customer awareness toward climate change, and increasing pollution & emission levels.

Whirlpool Corporation, Rinnai Corporation, FERROLI S.p.A, Havells India Ltd., Hubbell Heaters, Vaillant Group, and Navien Inc. among others.