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Instant Water Heater Market Report
The Instant Water Heater Market is Segmented by Energy Source Type (Electric, Gas), by Application Type (Residential, Commercial), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The Instant Water Heater Market is Segmented by Energy Source Type (Electric, Gas), by Application Type (Residential, Commercial), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
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Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
See less...Covid-19 has impacted the market dynamics, competition, and global...
See more...Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
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.
Instant Water Heater Market - Snapshot |
|
Growth |
3.4% for the next five years |
Fastest-growing Application Type |
Commercial |
Region with the Highest Demand |
Asia-Pacific |
Key Players |
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, and Whirlpool Corporation. |
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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.
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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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.
Instant Water Heater Market Research Report - Features |
|
Market Segmentation |
3 |
Regions Covered |
4 |
Countries/Sub-Regions Covered |
17 |
No. of Figures & Tables |
>150 |
Company Profiles |
10 |
The instant water heater market is segmented into the following categories.
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Some of the major instant water heater manufacturers are-
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:
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.
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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].
The instant water heater market is expected to witness an impressive growth of 3.4% CAGR in the foreseeable future.
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, and Whirlpool Corporation are among the key players in the Instant Water Heater Market.
Asia-Pacific is expected to be the fastest growing instant water heater market during the next five years.
The commercial segment is expected to grow at a higher CAGR in the instant water heater market in the coming years.
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