Instant Water Heater Market | Covid-19 Impact Analysis

Instant Water Heater Market Insights   

Instant water heater market is likely to witness a healthy CAGR of 3.4% during the forecast period. Growing demand for energy efficient water heaters, replacement of conventional water heating systems, and rapid urbanization are likely to drive the market in the coming years.

Market Share Analysis

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Instant Water Heater Market Share: By Application Type

Based on the application type, the market is segmented as residential and commercial. The commercial segment is expected to grow at a higher CAGR during the forecast period, driven by easy installation, minimal maintenance, smart city projects. Also, the replacement of conventional units with instant heating technologies across malls, airports and shopping centers to further drive the market.

Instant Water Heater Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the fastest-growing region for the instant water heater market during the forecast period, with China and India being the major growth propellers. Increasing population along with rapid urbanization and growing number of residential building construction projects is likely to foster the market in the coming years.

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Some of the major instant water heater manufacturers are-

• A. O. Smith Corporation
• Ariston thermo S.p.A
• Bosch Thermotechnik GmbH
• Bradford White Corporation
• Ferroli S.p.A
• General Electric Company
• Racold
• Rheem Manufacturing Company
• Rinnai Corporation
• Whirlpool Corporation

Market Scope & Segmentation

Instant water heaters can instantly heat water without storing the water internally in the device. Mostly, copper heat exchangers are used for these water heaters. High thermal conductivity is one of the major benefits of instant water heaters.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The instant water heater market is segmented into the following categories. 

Instant Water Heater Market Size, Share, & Forecast, by Energy Source Type:

• Electric (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Gas
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Energy Source Type Analysis: Natural Gas and LPG)

Instant Water Heater Market Size, Share, & Forecast, by Application Type:

• Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Commercial
  •  (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Application Type Analysis: College/University, Offices, Government/Military, and Others)

Instant Water Heater Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the sources types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].