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North America Instant Water Heater Market Trends

Report ID: GMI9830
Published Date: Jun 2024
Report Format: PDF

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North America Instant Water Heater Market Trends

Advances in technology have made instant water heaters more reliable and efficient, with better temperature control and higher flow rates along with smart features that allow for remote monitoring and control through mobile apps will propel the market growth. In addition, instant water heaters, being compact and wall-mounted, are ideal for smaller homes and apartments, thereby enhancing the product penetration.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of North America instant water heater was exceeded USD 175.9 million in 2023 and is anticipated to grow at 6.5% CAGR through 2032, owing to the rising focus on energy efficient equipment.

The commercial segment in the North America instant water heater industry is anticipated to exceed USD 47 million by 2032, on account of reducing energy consumption since they heat water on demand, eliminating the need to maintain a large volume of hot water continuously.

U.S. instant water heater industry is projected to hit USD 210 million by 2032, owing technological advancements and new product developments.

A. O. Smith, Bosch Thermotechnology Corp., Bradford White Corporation, GE Appliances, Hubbell Heaters, Rheem Manufacturing Company, Whirlpool Corporation, Rinnai Corporation, Navien Inc., and Haier Inc.