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PUBLISHER: IMARC | PRODUCT CODE: 1207016
PUBLISHER: IMARC | PRODUCT CODE: 1207016
Instant Water Heater Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 143 Pages
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The global instant water heater market size reached US$ 3.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.3 Billion by 2028, exhibiting a growth rate (CAGR) of 7.15% during 2023-2028.
An instant water heater, or tankless water heater, is a device used to instantly heat cold water through gas or electrical heating unit. It consists of a hot water outlet, flue pipe, draft divider, pressure relief valves, dip tubes and tanks. It also includes a water flow sensor that starts automatically when it detects the water flow. The heated water is utilized for various purposes, such as cleaning, washing clothes, dishwashers, hot water showers, cooking, removing stains and relieving clogged drains. In comparison to traditional water heaters, instant water heaters are easy to install, cost-effective, convenient, compact and energy efficient. They also heat faster through a small-sized heating chamber.
Instant Water Heater Market Trends:
- Significant growth in the hospitality industry across the globe is creating a positive outlook for the market. Instant water heaters are widely used in resorts and hotels for laundry, cleaning and supplying hot water in bathrooms, kitchens and swimming pools. Additionally, the widespread product adoption due to the increasing environmental concerns are favoring the market growth. Instant water heaters are energy efficient and produce lower carbon footprint and emissions. Moreover, the launch of instant water heaters in innovative designs and advanced features, such as mobile temperature control, leak protection alarms and power load control, are providing a thrust to the market growth. In line with this, the introduction of advanced water filtration and sterilization technologies to improve the overall filtration and purity of water is positively impacting the market growth. Other factors, including the widespread product utilization in the medical industry for bathing patients, along with the implementation of various government initiatives toward adoption of energy-efficient technologies, are anticipated to drive the market toward growth.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global instant water heater market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, distribution channel and application.
Breakup by Product Type:
- Gas Instant Water Heaters
- Electric Instant Water Heaters
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Stores
Breakup by Application:
- Commercial
- Residential
- Industrial
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being A. O. Smith Corporation, Bradford White, Ferroli S.p.A., Haier Group Corporation, Havells India Limited, Hubbell Incorporated, Nihon Itomic Co. Ltd., Rheem Manufacturing Company (Paloma Co. Ltd.), Rinnai Corporation, Vaillant Group and Whirlpool Corporation.
Key Questions Answered in This Report:
- 1. What was the size of the global instant water heater market in 2022?
- 2. What is the expected growth rate of the global instant water heater market during 2023-2028?
- 3. What are the key factors driving the global instant water heater market?
- 4. What has been the impact of COVID-19 on the global instant water heater market?
- 5. What is the breakup of the global instant water heater market based on the product type?
- 6. What is the breakup of the global instant water heater market based on the distribution channel?
- 7. What is the breakup of the global instant water heater market based on the application?
- 8. What are the key regions in the global instant water heater market?
- 9. Who are the key players/companies in the global instant water heater market?
Product Code: SR1323A488_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Instant Water Heater Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Gas Instant Water Heaters
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Electric Instant Water Heaters
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Distribution Channel
- 7.1 Supermarkets and Hypermarkets
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Specialty Stores
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Convenience Stores
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Online Stores
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Application
- 8.1 Commercial
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Residential
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Industrial
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 A. O. Smith Corporation
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Bradford White
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Ferroli S.p.A.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Haier Group Corporation
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 Havells India Limited
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Hubbell Incorporated
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Nihon Itomic Co. Ltd.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Rheem Manufacturing Company (Paloma Co. Ltd.)
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Rinnai Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Vaillant Group
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Whirlpool Corporation
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.1 A. O. Smith Corporation
Product Code: SR1323A488_Report
List of Figures
- Figure 1: Global: Instant Water Heater Market: Major Drivers and Challenges
- Figure 2: Global: Instant Water Heater Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Instant Water Heater Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Instant Water Heater Market: Breakup by Product Type (in %), 2022
- Figure 5: Global: Instant Water Heater Market: Breakup by Distribution Channel (in %), 2022
- Figure 6: Global: Instant Water Heater Market: Breakup by Application (in %), 2022
- Figure 7: Global: Instant Water Heater Market: Breakup by Region (in %), 2022
- Figure 8: Global: Instant Water Heater (Gas Instant Water Heaters) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Instant Water Heater (Gas Instant Water Heaters) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Instant Water Heater (Electric Instant Water Heaters) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Instant Water Heater (Electric Instant Water Heaters) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Instant Water Heater (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Instant Water Heater (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Instant Water Heater (Specialty Stores) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Instant Water Heater (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Instant Water Heater (Convenience Stores) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Instant Water Heater (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Instant Water Heater (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Instant Water Heater (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Instant Water Heater (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Instant Water Heater (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Instant Water Heater (Residential) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Instant Water Heater (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Instant Water Heater (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Instant Water Heater (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: North America: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: North America: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: United States: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: United States: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Canada: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Canada: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Asia-Pacific: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Asia-Pacific: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: China: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: China: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Japan: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Japan: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: India: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: India: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: South Korea: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: South Korea: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Australia: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Australia: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Indonesia: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Indonesia: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Others: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Others: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Europe: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Europe: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Germany: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Germany: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: France: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: France: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: United Kingdom: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: United Kingdom: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Italy: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Italy: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Spain: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Spain: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Russia: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Russia: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Others: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Others: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Latin America: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Latin America: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Brazil: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Brazil: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Mexico: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Mexico: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Middle East and Africa: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Middle East and Africa: Instant Water Heater Market: Breakup by Country (in %), 2022
- Figure 74: Middle East and Africa: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Global: Instant Water Heater Industry: SWOT Analysis
- Figure 76: Global: Instant Water Heater Industry: Value Chain Analysis
- Figure 77: Global: Instant Water Heater Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Instant Water Heater Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Instant Water Heater Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Instant Water Heater Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
- Table 4: Global: Instant Water Heater Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Instant Water Heater Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Instant Water Heater Market: Competitive Structure
- Table 7: Global: Instant Water Heater Market: Key Players
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