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Market Research Report
Instant Water Heater Market Size By Application (Residential, Commercial {College/University, Office, & Others}), Energy Source, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020-2026 |
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| Published by | Global Market Insights Inc. | Product code | 752463 | ||||
| Published | Content info | 475 Pages Delivery time: 2-3 business days |
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| Instant Water Heater Market Size By Application (Residential, Commercial {College/University, Office, & Others}), Energy Source, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020-2026 | ||
| Published: February 5, 2020 | Content info: 475 Pages |
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Title:
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.
Mounting concerns among consumers regarding surging electricity bills will drive global instant water heater market outlook. This in turn has resulted in increased consumer awareness towards newer, smarter water heating technologies. Additionally, a substantial rise in the purchasing power of consumers and upgradation in living standards are anticipated to boost the product installation, particularly across residential establishments.
Various advantages such as on demand heating, lower power consumption, high power heating elements, and long product lifecycle are encouraging consumers to invest in instant water heating technologies. Additional benefits such as clean combustion, low operation costs and excellent mass flow will foster the business growth.
Rising carbon emissions over the years have resulted in the introduction of strict environmental norms which, along with existing building standards for the installation of energy-efficient heating systems, will propel the industry outlook. Key regulations governing instant water heater market include Eco-design Directive, Energy Efficiency Directive, Energy Labelling, and Minimum Energy Performance Standards.
Growing focus towards climate change and its impact on the environment is expected to boost the deployment of sustainable and energy-efficient technologies across hospitals and government institutions. Instant water heating experiences strong demand from remote military locations and field hospitals. Extreme climatic conditions in these regions is increasing the need for continuous hot water availability. Capabilities such as high density PUF insulation in instant water heaters prevents water from freezing, which will accelerate the product adoption across military applications.
Although residential applications account for majority of the product demand, instant water heating technologies are anticipated to experience robust demand from offices and other commercial spaces. Advantages such as quick heating and efficient use of water resources, along with high pressure withstanding capabilities, are driving this demand.
Growing product deployment across hotels, resorts and other public facilities on account of superior performance compared to electric counterparts coupled with increasing installation across off-grid regions will provide ample opportunities to instant water heater manufactures.
Considering the geographical landscape, Latin America, led by Brazil, will drive instant water heater industry growth. Smart heating technologies have witnessed increased adoption over the past few years. Rapid advancements in commercial infrastructure in addition to substantial investments towards the construction of green buildings is driving the regional growth. Ongoing advances in water heating technologies along with significant R&D investments and efforts will undeniably foster the regional outlook over the forecast timeline.
Technological advancements have also resulted in the availability of wide range of energy-efficient heating appliances. Ongoing efforts from manufacturers to implement advanced innovative features such as remote monitoring, automatic home integration and voice control will augment instant water heater market share in the near future.
