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Instant Water Heater Market Size, By Application (Residential, Commercial {College/University, Office, Government/Military}), By Energy Source (Electric, Gas), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI3007
  • Published Date: Apr 2022
  • Report Format: PDF

Industry Trends

Instant Water Heater Market size was over USD 11 billion in 2021 and annual installation is projected to surpass 89 million units by 2030. Changing consumer preference toward smart appliances along with robust investments pertaining to research & development including the integration of smart technologies and new product innovations will boost the market expansion.
 

Instant Water Heater Market Overview

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Ongoing infrastructure development activities owing to escalating economic development mainly across the developing economies will accelerate the industry growth. The continuous development of smart cities in line with the advancement of low-emission buildings will positively impact the market landscape.
 

The COVID- 19 outbreak had a considerable impact on the overall industry growth on account of the shutdown of various manufacturing & industrial facilities along with delays in several infrastructural development projects. However, government relaxations on imposed lockdowns, followed by the resumption of industries and operations have augmented the market growth. Moreover, storage water heater systems will experience a surge in demand owing to the expansion of infrastructural buildings and rising construction activities across residential & commercial establishments.
 

Surging demand for energy-efficient systems

Continuous introduction of innovative designs coupled with the integration of advanced features, including multiple contact options, leak detection systems and mobile remote monitoring software will propel the market revenue. Key benefits including on-demand heating, high supply output, and limited standby losses will contribute to the product demand.
 

Abundant natural gas resources along with the development of low emission solutions

Instant Water Heater Market Size

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The gas instant water heater market revenue is set to cross USD 5 Billion by 2030. Availability of sufficient resources coupled with accessible piped natural gas for both residential & commercial customers will contribute to the market expansion. Growing infrastructural expansion owing to escalating economic development in line with the adoption of zero-emission heating systems will foster the industry growth. In addition, several benefits including distribution across remote off-grid regions, mass flow, and clean combustion as compared to its counterparts will augment the market landscape.
 

Rising construction activities along with growing electrification rates

Construction of smart cities along with the development of zero emission buildings will strengthen the market outlook. Ongoing replacement and refurbishment of the conventional heating systems have increased the deployment of high-efficiency heating appliances. Low power consumption, ease of installation, and minimal maintenance are some of the key parameters that will positively influence the product penetration.
 

Ongoing development of commercial infrastructure

Continuous focus on the expansion of low emission buildings in line with growing smart city project implementations will fuel the market demand. Increasing applicability across the healthcare and hospitality sectors to cater to the crucial demand for hot water will propel the market revenue. Enhanced adoption of these units across airports, malls, and shopping centers will positively influence the product demand. Furthermore, robust investments by respective government organizations and private institutions pertaining to the development of large manufacturing facilities will drive the market size.
 

Flourishing demand across emerging nations for the installation of efficient heating units

North America Instant Water Heater Market

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U.S. instant water heater market size is estimated to observe around 6.7% growth rate through 2030, owing to rising consumer awareness toward smart and efficient technologies, and energy efficient ratings. Increasing investments in research & development including product innovations along with the strategic acquisition & partnerships aiming toward overseas expansion will boost the industry growth. Introduction of innovative designs with broad features including Wi-Fi and leakage detection systems will stimulate the market growth potential.
 

Strategic collaborations and partnerships will strengthen the market growth globally

The key companies operating across the market include Ariston Holding N.V., A.O. Smith, Bosch Thermotechnology Corp, Bradford White Corporation, GE Appliances, Rheem Manufacturing Company, Whirlpool Corporation, Rinnai Corporation, FERROLI S.p.A, Havells India Limited, Hubbelll Heaters, and Vaillant Group.
 

Industry players are aiming toward overseas expansion coupled with joint ventures and mergers & acquisitions to accelerate their business expansion. Manufacturers are focusing on integrating new & advanced technologies including smart control & monitoring features to enhance product service life and reduce maintenance time. In addition, major companies are focusing on enhancing their product portfolios with low price ranges that are suitable for diverse customer requirements.
 

The instant water heater market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2018 to 2030, for the following segments:

Market, By Application

  • Residential
  • Commercial
    • College/university
    • Offices
    • Government/military
    • Others

Market, By Energy Source

  • Electric
  • Gas

The above information has been provided for the following regions and country:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Austria
    • Spain
    • Netherland
    • Denmark
    • Finland
    • Sweden
    • Norway
  • Eurasia
    • Russia
    • Belarus
    • Armenia
    • Kazakhstan
    • Kyrgyzstan
  • CIS
    • Azerbaijan
    • Moldova
    • Tajikistan
    • Turkmenistan
    • Uzbekistan
  • Asia Pacific
    • China
    • Australia
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
    • Singapore
    • Thailand
    • New Zealand
    • Philippines
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • Kuwait
    • Bahrain
    • Oman
    • Turkey
    • South Africa
    • Nigeria
    • Algeria
    • Egypt
    • Israel
    • Cyprus
    • Lebanon
    • Iraq
  • Latin America
    • Brazil
    • Argentina
    • Chile
    • Mexico

 

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of instant water heater was worth USD 11 billion in 2021 and will exceed 89 million units, in volume by 2030 due to the consistently growing infrastructure development activities and escalating economic growth across the emerging countries.

The market revenue of gas instant water heaters is anticipated to record over USD 5 billion by 2030 owing to the higher availability of sufficient resources and the growing need for accessible piped natural gas by residential & commercial customers.

The U.S. market size is expected to strike a 6.7% through 2030 on account of the influx of various innovative designs with broad features like Wi-Fi and leakage detection systems.

Ariston Holding N.V., A.O. Smith, Bradford White Corporation, GE Appliances, Rheem Manufacturing Company, Whirlpool Corporation, Rinnai Corporation, Havells India Limited, Hubbelll Heaters, and Vaillant Group are a few leading participants in the market.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 15
  • Tables & Figures: 902
  • Countries covered: 53
  • Pages: 400

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