Instant Water Heater Market report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied.
The U.S. tankless water heater market will grow on account of rapidly expanding service sector coupled with rising investments toward construction of multifamily residential establishments. Rapid technological development has led to the introduction of cost effective and innovative heating technologies. Integrated remote controlling software, multiple communication options and leak detection systems will stimulate the business growth.
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Instant Water Heater Market is anticipated to grow over USD 15 billion by 2024. Extensive infrastructural expansion on account of rising investment by respective government authorities will drive the instant water heater market. Growing replacement of conventional heating appliances primarily across domestic establishments on account of stringent industry policies will positively enhance the industry outlook. Ongoing government regulations for the installation of energy efficient heating systems across new building establishments coupled with rising construction of zero emission buildings will complement the business landscape.
Growing demand for instant hot water source primarily across educational institutions and offices will foster the tankless water heater market. Low power consumption, on demand heating and compact designs are the key factors that will augment the industry landscape. In addition, significant reduction in energy bills along with low standby loss will accelerate the product penetration across the industry.
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Commercial water heater market is set to grow owing to growing preference for point of use heating technologies coupled with increasing requirement of reliable hot water supply primarily across hotels and hospitals. Considerable savings in utility bills coupled with highly energy efficient operations on account of inbuilt flow sensors will encourage the product adoption. In addition, worldwide roll out of smart city projects will result in mass product deployment across residential and commercial properties.
Asia Pacific instant water heater market was worth over USD 3 billion in 2017. Growing infrastructural expansion primarily across India and China coupled with rising disposable income will augment the business landscape. Escalating service sector growth coupled with ongoing construction of commercial buildings including malls, shopping complexes will facilitate the product penetration. Furthermore, rising foreign investments owing to flexible FDI policies will positively enhance the business outlook.
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Flexible installation, low power consumption and decline in component cost will stimulate the electric tankless water heater market. Simple product design coupled with widespread electricity supply network are the major factors facilitating the product adoption. Less regulatory complications associated with electric units coupled with high energy factor and low standby losses in comparison with gas counterparts will encourage the product adoption.
Eminent players participating across the tankless water heater market include: Rheem, Rinnai, Bosch, Ferroli, A.O Smith, State Industries, Ariston Thermo, Haier Electronics, Linuo Ritter, Bradford White, Saudi Ceramics, Jaquar, Hubbell, Vaillant, Whirlpool, Kanch Water Heaters and Viessmann.
Partial Table of Contents (ToC) of the report:
Chapter 4 Instant Water Heater Market, By Energy Source
4.1 Instant water heater market share by energy source, 2017 & 2024
4.2.1 Global market from electric, 2013 – 2024
4.2.2 Global market from electric, by region, 2013 – 2024
4.3.1 Global market from gas, 2013 – 2024
4.3.2 Global market from gas, by region, 2013 – 2024
4.3.3 Natural Gas
188.8.131.52 Global market from natural gas, 2013 – 2024
184.108.40.206 Global market from natural gas, by region, 2013 – 2024
220.127.116.11 Global market from LPG, 2013 – 2024
18.104.22.168 Global market from LPG, by region, 2013 – 2024
Chapter 5 Instant Water Heater Market, By Application
5.1 Instant water heater market share by application, 2015 & 2024
5.2.1 Global market from residential, 2013 – 2024
5.2.2 Global market from residential, by region, 2013 – 2024
5.3.1 Global market from commercial, 2013 – 2024
5.3.2 Global market from commercial, by region, 2013 – 2024
22.214.171.124 Global market from college/university, 2013 – 2024
126.96.36.199 Global market from college/university, 2013 – 2024
188.8.131.52 Global market from offices, 2013 – 2024
184.108.40.206 Global market from offices, 2013 – 2024
220.127.116.11 Global market from government/military, 2013 – 2024
18.104.22.168 Global market from government/military, 2013 – 2024
22.214.171.124 Global market from others, 2013 – 2024
126.96.36.199 Global market from others, 2013 – 2024
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