According to IMARC Group’s latest report, titled “Instant Water Heater Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ The global instant water heater market reached a value of US$ 3.13 Billion in 2021. An instant water heater, or tank-less water heater, is an electronic device that instantly turns cold water into hot through electric or gas heating power sources. It comprises a flue pipe, draft divider, pressure relief valve, tanks, and water flow sensors for detecting the water flow. At present, instant water heaters are commercially available in varying types, such as gas and electric instant water heaters.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report
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The rapid launch of innovative instant water heaters with several advanced properties, such as leak protection alarms, power load control, and mobile temperature, is one of the key factors majorly driving the market growth. Additionally, the shifting inclination of consumers toward instant water heaters for their energy-efficient features is impelling the market growth. Apart from this, the widespread utilization of instant water heaters across the commercial and residential sectors and the growing environmental consciousness among the consumers are providing a positive outlook for the market. Looking forward, IMARC Group expects the market to reach US$ 4.92 Billion by 2027, exhibiting at a CAGR of 7.20% during 2022-2027.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global instant water heater market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, distribution channel and application.
- Smith Corporation
- Bradford White
- Ferroli S.p.A.
- Haier Group Corporation
- Havells India Limited
- Hubbell Incorporated
- Nihon Itomic Co. Ltd.
- Rheem Manufacturing Company (Paloma Co. Ltd.)
- Rinnai Corporation
- Vaillant Group
- Whirlpool Corporation.
Breakup by Product Type:
- Gas Instant Water Heaters
- Electric Instant Water Heaters
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Stores
Breakup by Application:
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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