18-Feb-2020 | Zion Market Research
Zion Market Research has published a new report titled “Global Instant Water Heater Market –By Energy Source (Gas and Electric), By Application (Residential and Commercial), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026.” According to the report, the valuation of the global instant water heater market exceeded USD 12 billion in 2019 and is projected to escalate at a CAGR of around 3% between 2020 and 2026.
Browse the full “Global Instant Water Heater Market – By Energy Source (Gas and Electric), By Application (Residential and Commercial), and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026.” Report at https://www.zionmarketresearch.com/report/instant-water-heater-market
Substantial increase in the demand for instant heating devices along with the growing investment in product development, innovation, and incorporation of smart technologies are going to propel the global instant water heater market. Considerably expanding the commercial sector, particularly in developing economies, is going to fuel the instant water heater industry growth. The increasing number of smart city projects coupled with the construction of zero-emission buildings is likely to strengthen the instant water heater market. Rigid standards & codes for establishing building and strict government policies toward the installation of power-saving technologies will spur the instant water heater market. Besides the commercial, the demand for instant heating devices in the residential sector is also rising. Therefore, the increasing number of residential projects with a significant investment will drive the market.
Adequate resources of natural gas will increase the demand for gas-based instant water heaters
Plenty of natural gas resources coupled with the established gas pipeline infrastructure for both residential and commercial sectors will drive the gas-based segment of the instant water heater market. At present, the advanced heating appliances with low energy-consuming and low emission capabilities are overpowering the conventional systems. Owing to the rising adoption of advanced products, the global demand for instant water heaters is escalating swiftly. Some other advantages of the advanced instant water heating appliances over the conventional systems, such as easy deployment and mass flow, are also propelling the global instant water heater market.
At present, Asia Pacific, Europe, and Latin America mainly drive the global instant water heater market. The three regions held over 90% share of the global instant water heater market in 2019. The majority of the nations in these three regions are developing, which is the key reason behind the predominance of the trio in the global market.
Some of the key players driving the global instant water heater market are Rheem Manufacturing, General Electric, State Water Heaters, A.O. Smith, Ferroli, Racold, Nihon Itomic, Ariston Thermo, Havells India Limited, Bradford White, Vaillant Group, Rinnai Corporation, Bosch Thermotechnology, Hubbell, and Whirlpool Corporation.
The global instant water heater market is segmented as:
Global Instant Water Heater Market: Energy Source Segmentation Analysis
Global Instant Water Heater Market: Application Segmentation Analysis
Global Instant Water Heater Market: Regional Segmentation Analysis
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