Instant water heaters are basically used for instantly heating the water rather than storing it internally in the device. These are also known as instant-on water heaters, tankless and inline. The operation in these water heaters is controlled by the variable power output level. One of the major advantages of instant water heater is high thermal conductivity. These water heaters are compact and help in saving energy and water. Manufacturers are introducing more cost-effective designs and innovate water heaters to improve its demand in the forecasted years.
MARKET DYNAMICS
The increasing environmental awareness among the government and the consumers is one of the major factors that is driving this market. The energy efficiency, as well as saving water, is becoming one of the primary factors that are triggering the growth of the instant water heater market. Instant water heaters consume less energy than traditional water heaters. Thus, due to this factor, the consumers are shifting from traditional water heaters to the instant water heater. These water heaters provide high energy factor and lower the carbon footprint that has less impact on the environment. This also drives the instant water heater market.
MARKET SCOPE
The "Global Instant Water Heater Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the instant water heater market with detailed market segmentation by energy source, application, and geography. The instant water heater market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading instant water heater market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Global Instant Water Heater Market is segmented on the basis of energy source, and application. On the basis of energy source the market is segmented into electric and gas. On the basis of application the market is segmented into residential and commercial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the instant water heater market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The instant water heater market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting instant water heater market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting instant water heater market in these regions.
MARKET PLAYERS
The reports cover key developments in the instant water heater market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from instant water heater market are anticipated to lucrative growth opportunities in the future with the rising demand for instant water heater in the global market. Below mentioned is the list of few companies engaged in the instant water heater market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the instant water heater market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- A. O. Smith India Water Products Pvt. Ltd
- Ariston Thermo SPA
- Bosch Thermotechnology Corp
- Bradford White Corporation
- GE Appliances
- Whirlpool Corporation
- Rinnai America Corporation
- State Industries
- Ferroli Heating Pvt. Ltd
- Nihon Itomic Co., Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.