Instant Water Heater Market Size By Application (Residential, Commercial {College/University, Office, Government/Military}), By Energy Source (Electric, Gas {Natural Gas, LPG}), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026

Published Date: Feb 2020  |  Report ID: GMI3007  |  Authors: Ankit Gupta, Abhishek Chopra

Report Format: PDF   |   Pages: 475   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Instant Water Heater Market size was valued at over USD 12 billion in 2019 and annual installation is projected to surpass 75 million units by 2026. Growing preference for on demand heating units coupled with increasing investments toward research and development including product innovation and integration of smart technologies will fuel the business growth.
 

Instant Water Heater Market

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Ongoing expansion of commercial infrastructure on account of escalating economic development primarily across developing countries will spur the instant water heater industry. Construction of smart cities along with the development of zero emission buildings will strengthen the business landscape. For instance, in 2018, the Asia Infrastructure Bank has invested an amount of USD 100 million for infrastructure development across India.
 

Instant Water Heater Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 12.4 Billion (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 3.4% 2026 Value Projection: 75.9 Million (Units)
Pages: 475 Tables, Charts & Figures: 1202
Geographies covered (54): U.S., Canada, UK, France, Germany, Italy, Austria, Spain, Netherland, Denmark, Finland, Sweden, Norway, Russia, Belarus, Armenia, Kazakhstan, Kyrgyzstan, Azerbaijan, Moldova, Tajikistan, Turkmenistan, Ukraine, Uzbekistan, China, Australia, India, Japan, South Korea, Indonesia, Malaysia, Singapore, Thailand, New Zealand, Philippines, Saudi Arabia, UAE, Qatar, Kuwait, Bahrain , Oman, Turkey, South Africa, Nigeria, Algeria, Egypt, Israel, Cyprus, Lebanon ,Iraq, Brazil, Argentina, Chile, Mexico
Segments covered: Application (Residential, Commercial {College/University, Office, Government/Military}), Energy Source (Electric, Gas {Natural Gas, LPG})
Companies covered (15): A.O. Smith, Ariston Thermo, Bosch Thermotechnology, Bradford White Corporation, General Electric Appliances, Racold, Rheem Manufacturing, Whirlpool Corporation, Rinnai Corporation, State Water Heaters, Ferroli, Havells India Limited, Hubbell, Vaillant Group, Nihon Itomic Co., Ltd.
Growth Drivers:
  • North America & Latin America:
    • Growing demand for energy efficient water heaters
    • Replacement of conventional water heating systems
  • Europe
    • Stringent energy efficiency norms
    • Growing demand for replacement of conventional water heaters
  • Asia Pacific & MEA
    • Rapid urbanization and advanced product customization
    • Increasing demand for energy efficient systems
    • Growing electrification rate
Pitfalls & Challenges:
  • High installation cost

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Increasing adoption of instant water heater over storage units will complement the tankless water heater market growth

Ongoing technological advancements focusing toward efficiency improvements along with integration of smart features including mobile remote controlling software, leak detection systems and multiple communication options will fuel the market growth. The units are preferred over its storage counterparts owing to key benefits including high supply output, on demand heating and limited standby losses.
 

Increasing applicability across hospitality and healthcare to meet the critical hot water demand will augment the business landscape. In addition, replacement of conventional units with instant heating technologies across malls, airports and shopping centers will positively enhance the instant water heater market outlook.
 

Rising construction activities will facilitate the growth across residential applications

Asia Pacific Instant water Industry By Application

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Increasing population along with growing urbanization across India and China will positively influence the market growth. Surging residential building construction projects and customer focus toward minimizing energy bills have led to the deployment of energy efficient heating appliances.
 

Ease of installation, low power consumption and minimal maintenance are some of the vital parameters which will facilitate the product adoption. Furthermore, ongoing development of green buildings coupled with growing execution of smart city projects will augment the business landscape.
 

Flourishing demand from emerging nations will enhance the business outlook

Strong GDP growth across developing economies including Norway and Sweden will foster the instant water heater market trends. In 2019, as per the Organization for Economic Co-operation & Development, the GDP of India will rise by more than 7% in the next five years. Increasing rural electrification rate primarily across Asian and African nations have led to mass product deployments.
 

Moreover, growing customer awareness toward energy efficiency rating, new technologies and quality along with rising concerns toward high electricity bills will further stimulate the product adoption.
 

Ongoing funding by respective government authorities and private institutions toward the development of large manufacturing plants will positively influence the industry outlook. The product is widely deployed across houses, apartment, hostels and military barracks.
 

Moreover, the companies are focusing toward enhancing their product portfolios with a wide price range suitable for different customer requirements. In 2019, Rinnai Corporation introduced its smart home platform integrated with intelligent temperature control and leak detection system.
 

Ample natural gas resources will strengthen the market outlook

Abundant natural gas resources along with availability of piped natural gas for both commercial and residential customers will strengthen the gas based instant water heater market growth. Increasing demand for replacement of conventional systems coupled with adoption of low emission heating appliances will amplify the industry growth. In addition, key benefits that includes, mass flow, deployment across remote off-grid areas and clean combustion when compared to its counterparts will facilitate the product penetration.
 

Introduction of new designs with extensive features will encourage the product adoption

The manufacturers are integrating new technologies including smart monitoring and control features to improve the product life and reduce the maintenance time. Introduction of advanced designs with extensive features including leakage detection systems and Wi-Fi integration will positively influence the industry outlook.
 

For instance, in 2019, A.O. Smith introduced its iCOMM connectivity platform for its product range comprising constant remote monitoring giving customers detailed information regarding fault histories and notifications.
 

Advanced heating capabilities, energy optimization, and low standby losses will foster the tankless water heater market. Requirement of critical hot water supply primarily across hospitals and hospitality sector coupled with need for water savings across the public amenities will facilitate the product penetration. In addition, it integrates key features including fuel flexibility, efficient heating and minimal maintenance that will significantly enhance the business outlook.
 

Prevailing building codes and standards will complement the business landscape

Ongoing government regulations and strict building codes and standards toward adoption of energy efficient technologies will drive the instant water heater market demand. Continuing establishment of residential projects coupled with rising infrastructural investments will augment the business landscape.
 

The industry is governed with key regulations including Eco Design, Minimum Energy Performance Standards, Energy Efficiency Directive and Energy Performance of Buildings that have created a stringent environment for both manufacturers and end users.
 

Technological advancement will drive business growth across the Latin America and Europe

France Instant Water Heater Market By Commercial

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Latin America, Europe and Asia Pacific will dominate the market accounting for over 90% share in 2019. Flourishing GDP growth across developing nations coupled with growing customer awareness toward energy efficiency and climate change will propel the business growth. Furthermore, availability of low-cost labor, high manufacturing capabilities along with government norms to minimize carbon emissions across the region will positively influence the tankless water heater market outlook.
 

For Europe, France will dominate the overall industry accounting for a market size of over USD 50 million in 2019. Booming tourism sector coupled with development of high-rise building establishments will augment the business landscape. Several leading brands are building hotels to cater to the growing demand that have significantly increased the water heater deployments.
 

Strategic partnerships and collaborations will favor the global instant water heater market forecast

Key players are focusing toward overseas expansion along with merger and acquisitions to strengthen their business position. Key companies operating across the market include Ariston Thermo, A.O. Smith, Bosch Thermotechnology, General Electric, Bradford White, Racold, Whirlpool Corporation, Rheem Manufacturing, Rinnai Corporation, Ferroli, Havells India Limited, State Water Heaters, Vaillant Group, Nihon Itomic and Hubbell.
 

Global instant water heater market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2015 to 2026, for the following segments:
 

By Application

  • Residential
  • Commercial
    • College/University
    • Offices
    • Government/Military
    • Others

By Energy Source

  • Electric
  • Gas
    • Natural Gas
    • LPG

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
    • Ukraine
    • 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
       

Frequently Asked Questions (FAQ) :

instant water heater market size is expected to grow at a crcr of 3.4% over the forecast period.
In 2026, the instant water heater industry is estimated to record a valuation of 75.9 Million.
Rising concerns toward carbon emissions and ongoing government initiatives to adopt energy efficient heating appliances will be key driving factors for the global market growth.
The global instant water heater industry value will witness over 3% CAGR from 2020 to 2026.
Ariston Thermo, A.O. Smith, Bosch Thermotechnology, General Electric, Bradford White, Racold, Whirlpool Corporation, Rheem Manufacturing, Rinnai Corporation, Ferroli, Havells India Limited, State Water Heaters, Vaillant Group, Nihon Itomic and Hubbell are top companies operating in the global market for instant water heater. ?

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Premium Report Details

  • Published Date: Feb 2020
  • Pages: 475
  • Tables: 1174
  • Charts / Figures: 28
  • Companies covered: 15
  • Countries covered: 54

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