Research Expert: Sarah Overall
  • Published: Mar 2025
  • Pages: 150
  • SKU: IRTNTR74594

  • Latest News- Instant Water Heater Market: Commercial is expected to lead the End-user segment during 2025-2029

    The Instant Water Heater Market is being driven by Robust growth of hospitality sector

    The Instant Water Heater Market is expected to grow at a CAGR of 5.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1887.9 million. In the dynamic business landscape, the electric water heater market experiences significant growth due to its increasing demand in both residential and industrial sectors. Electric water heaters, also known as instant or tankless water heaters, offer numerous advantages such as energy efficiency and time savings. The latest designs boast compact sizes and impressive power capabilities, making them an attractive option for consumers. The working population, with rising disposable income, represents the primary market for electric water heaters. The increasing preference for energy-efficient solutions, driven by consumer trends, is expected to fuel the expansion of the global instant water heater market throughout the forecast period. 

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    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • End-user
      • Commercial
      • Residential
    • Product Type
      • Gas instant water heaters
      • Electric instant water heaters
    • Distribution Channel
      • Offline
      • Online
    • Geography
      • Europe
        • Germany
        • UK
        • France
        • Italy
      • North America
        • Canada
        • US
      • APAC
        • China
        • India
        • Japan
      • South America
        • Middle East and Africa

        According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

        • Robust growth of hospitality sector
        • Increased online product penetration
        • High demand for smart consumer electronics

        However, the market also witnesses some limitations, which are as follows:

        • Technical issues hampering market growth
        • High installation and maintenance cost
        • Rising price of raw materials

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        Market Scope in Instant Water Heater Market Research Report

        Market Scope

        Report Coverage

        Details

        Page number

        198

        Base year

        2024

        Historic period

        2019-2023

        Forecast period

        2025-2029

        Growth momentum & CAGR

        Accelerate at a CAGR of 5.1%

        Market growth 2025-2029

        USD 1887.9 million

        Market structure

        market_structure.ucfirst

        YoY growth 2024-2025(%)

        4.6

        Key countries

        US, Germany, UK, Canada, France, Italy, The Netherlands, China, India, and Japan

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

        Request Free Sample

        Find out which segment is leading the market by accessing the free PDF report

        Research Analysis Overview

        Instant water heaters cater to the demand for hot water in commercial and industrial buildings, even with limited space. Gas storage and condensing technology ensure energy efficiency. Smart homes and networked ecosystems integrate instant water heaters into comprehensive energy strategies. Hybrid models offer configurable solutions for environmental agendas. The HVAC industry and power plants also utilize instant water heaters, while industrial units adopt advanced technologies like smart controls and energy recovery systems. Instant water heaters are essential for various sectors, prioritizing energy efficiency and sustainability.

        Market Research Overview

        The Instant Water Heater Market is a segment of the global commercial and industrial appliances industry, focusing on the production of water heating solutions for businesses. This market caters to the demand for hot water in commercial and industrial buildings, adhering to energy-conservation standards. Instant water heaters, utilizing condensing technology and gas storage, are key offerings. Infrastructural expansion and construction activities drive market growth. This sector falls under the industrial and commercial appliances category within the broader context of the global appliance market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


        Contacts

        Technavio Research
        Jesse Maida
        Media & Marketing Executive
        US: +1 844 364 1100
        UK: +44 203 893 3200
        Email: media@technavio.com
        Website: www.technavio.com/

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