Global Instant Water Heater Market Overview:
The instant water heater is also known as tankless, inline water heaters. It is the type of water heaters that can instantly heat water without storing it internally, in the device. Rising environmental concerns among consumers and various countries government initiatives are the major driving factors that are encouraging home appliance manufacturers to introduce more sustainable devices. The energy-efficiency of the appliance continues to remain one of the primary factors to influence the purchasing decisions of consumers, thereby triggering the growth of the instant water heater market globally.
As per latest study released by AMA Research, the Global Instant Water Heater market is expected to see growth rate of 7.7%Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Instant Water Heater Market Players Introduce Innovative Designs to Improve Sales and Enbuilt with Advanced Technology such as Multiple Communication Option, Remote Monitoring, Wi-Fi Connectivity and Voice Activation
Market Growth Drivers:
Consumers Willing Live a Low-carbon Lifestyle Drives Growth of Instant Water Heater Market and Ongoing Replacement of Conventional Water Heaters on account of Growing Stringent Norms Toward the Adoption of Energy Efficient Heating Appliances
Challenges:
Inclination Toward Solar Water Heating Systems may Limit Sales of Instant Water Heaters
Restraints:
Increasing Electricity Prices, High Operating Costs and Technical Issues
Opportunities:
Rapid Growth in Urbanization and Increasing Construction of New Residential and Commercial Buildings in Developing Nations and Increasing Disposable Income Coupled with Growing Consumer Concerns toward Sustainable Use of Energy
Competitive Landscape:
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Some of the key players profiled in the report are Rheem Manufacturing Company (United States), Rinnai Corporation (Japan), A.O. Smith (United States), Noritz America Corporation (United States), Robert Bosch GmbH (Germany), Eemax (United States), Siemens AG (Germany), Vaillant Group (Germany), Whirlpool Corporation (United States), Ariston Thermo Group (Italy) and Stiebel Eltron GmbH & Co. KG (Germany). Additionally, following companies can also be profiled that are part of our coverage like Bradford White Corp. (United States), Haier Electronics Group Co Ltd. (Hong Kong), Kyungdong Navien Co.,Ltd. (South Korea) and Bajaj Electricals Ltd. (India). Analyst at AMA Research see German and United States Vendors to retain maximum share of Global Instant Water Heater market by 2030. Considering Market by Technology Type, the sub-segment i.e. Condensing will boost the Instant Water Heater market. Considering Market by Sales Channel, the sub-segment i.e. Online Store will boost the Instant Water Heater market. Considering Market by Installation Type , the sub-segment i.e. Indoor will boost the Instant Water Heater market.
Latest Market Insights:
In December 2023, Clage, a leading German water heater brand, entered the Indian market through a partnership with Blutherm, introducing electronically controlled instantaneous tankless water heaters tailored for Indian consumers.
In October 2023, Voltas, India's No. 1 AC company, announced its entry into the water heater segment with the launch of Voltas Water Heaters, available across the country.
"A new space or water heater comes with an energy label showing its energy efficiency class. For individual products, ratings go from G (least efficient) to A++ (most efficient). It is also possible to buy a combination of technologies, such as a boiler with a solar hot water storage tank, in order to reach an A+++ energy efficiency rating. The European Commission provides tools for generating energy labels for products on the EU market."
What Can be Explored with the Instant Water Heater Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Instant Water Heater Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Instant Water Heater
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Instant Water Heater market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Instant Water Heater market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Instant Water Heater Manufacturers, Component Suppliers/Distributors, Raw Material Suppliers, Products Suppliers/Distributors/Wholesalers, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.