Instant Water Heater Market 2024: Key Industry Players Rinnai America Corporation, A. O. Smith Corporation, Bradford White, Vaillant Group, Rheem Manufacturing, Ferroli S.p.A., Bosch, Haier, Saudi Ceramics, Hubbell, Ariston Thermo Group, Whirlpool Corpora

Instant Water Heater Market size is driven by growing replacement of conventional heating appliances primarily across domestic establishments on account of stringent industry policies impacting the industry outlook positively. Ongoing government regulations for the installation of energy efficient heating systems across new building establishments coupled with rising construction of zero emission buildings will complement the business landscape. Instant Water Heater Market is anticipated to grow over USD 15 billion by 2024. Extensive infrastructural expansion on account of rising investment by respective government authorities will drive the instant water heater market.

The U.S. tankless water heater market will grow on account of rapidly expanding service sector coupled with rising investments toward construction of multifamily residential establishments. Rapid technological development has led to the introduction of cost effective and innovative heating technologies. Integrated remote controlling software, multiple communication options and leak detection systems will stimulate the business growth.

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Growing demand for instant hot water source primarily across educational institutions and offices will foster the tankless water heater market. Low power consumption, on demand heating and compact designs are the key factors that will augment the industry landscape. In addition, significant reduction in energy bills along with low standby loss will accelerate the product penetration across the industry.

Commercial water heater market is set to grow owing to growing preference for point of use heating technologies coupled with increasing requirement of reliable hot water supply primarily across hotels and hospitals. Considerable savings in utility bills coupled with highly energy efficient operations on account of inbuilt flow sensors will encourage the product adoption. In addition, worldwide roll out of smart city projects will result in mass product deployment across residential and commercial properties.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Rheem
2. Rinnai
3. Bosch
4. Ferroli
5. A.O Smith
6. State Industries
7. Ariston Thermo
8. Haier Electronics
9. Linuo Ritter
10. Bradford White
11. Saudi Ceramics
12. Jaquar
13. Hubbell
14. Vaillant
15. Whirlpool
16. Kanch Water Heaters
17. Viessmann

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Asia Pacific instant water heater market was worth over USD 3 billion in 2017. Growing infrastructural expansion primarily across India and China coupled with rising disposable income will augment the business landscape. Escalating service sector growth coupled with ongoing construction of commercial buildings including malls, shopping complexes will facilitate the product penetration. Furthermore, rising foreign investments owing to flexible FDI policies will positively enhance the business outlook.

Flexible installation, low power consumption and decline in component cost will stimulate the electric tankless water heater market. Simple product design coupled with widespread electricity supply network are the major factors facilitating the product adoption. Less regulatory complications associated with electric units coupled with high energy factor and low standby losses in comparison with gas counterparts will encourage the product adoption.

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