Instant Water Heater Market to Hit $15 Billion by 2026, Says Global Market Insights, Inc.

Instant Water Heater Market value is projected to achieve over 3% CAGR from 2020 to 2026, owing to robust growth across tourism industry along with surging development of commercial buildings.

Instant Water Heater Industry Forecasts 2026

Global Instant Water Heater Market revenue is set to cross USD 15 Billion by 2026, as reported in the latest study by Global Market Insights, Inc. Growing customer awareness toward new smart water heating technologies along with ongoing introduction of extensive features including remote monitoring, voice control and automatic home integration will lead to their deployment over the forecast timeframe. Furthermore, increasing concerns toward high utility bills coupled with availability of range of energy efficient heating appliances across the market will augment the business landscape.

Mass flow, low operation cost and clean combustion are some of the key benefits that will boost the demand across the natural gas instant water heater market. The units provide the customers the freedom to change or alter several features as per their requirements including temperature, ignition and gas control. Growing demand from large applications including hotels, resorts and public facilities owing to better performance than electric counterparts along with robust installation across off-grid localities will augment the business outlook.

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For Latin America, Brazil will drive industry growth owing to robust adoption of smart instant water heating technologies. The ongoing expansion of commercial infrastructure along with significant investments toward the establishment of zero-emission buildings will positively enhance the business outlook. Ongoing upgrading of existing models, along with growing spending toward research and development, have facilitated mass product adoption.

Some major findings of the instant water heater market report include:

  • Surging product demand on account of key benefits including on-demand heating, high power heating elements, low electricity consumption and long product lifecycle
  • Increasing demand from offices and other commercial spaces owing to quick heating, efficient use of water resources and high-pressure withstanding capability
  • Major players functioning across the tankless water heater market include Rheem Manufacturing, Bradford, Bosch, A.O. Smith and Rinnai
  • Growing demand from residential application owing to increasing disposable income and customer shift toward luxury and improved living standards have fueled the business growth

Browse key industry insights spread across 475 pages with 1,174 market data tables & 28 figures & charts from the report, “Instant Water Heater Market By Application (Residential, Commercial {College/University, Office, Government/Military}), By Energy Source (Electric, Gas{Natural Gas, LPG}), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/instant-water-heater-market

Growing demand from remote military locations and field hospitals will drive the instant water heater market growth. Extreme climatic conditions along with the need for continuous hot water availability to support the critical demands will complement the industry landscape. Key capabilities including high-density PUF insulation to prevent water from freezing, on-demand heating and mass flow capability will continue to bring positive demand during the forecast timeframe.

Stringent environment regulations toward carbon emissions along with prevailing building standards & codes supporting the deployment of energy-efficient heating appliances will foster the tankless water heater market growth. Key regulations governing the market include Energy Efficiency Directive, Minimum Energy Performance Standards, Energy Labelling and Eco-design Directive. Growing customer awareness toward climate change and ongoing mandates to deploy sustainable and efficient heating systems across hospitals and government institutions will complement the business landscape.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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Source: Global Market Insights, Inc.

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Categories: Energy

Tags: Instant Water Heater Industry, Instant Water Heater Market, Tankless Water Heater Industry, Tankless Water Heater Market


About Global Market Insights, Inc.

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Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions.

Arun Hegde
Arun Hegde
Corporate Sales, USA, Global Market Insights, Inc.
Global Market Insights, Inc.
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