The market value of the Instant Water Heater market is valued at 18810.6 million US dollars in the year 2021, which is expected to reach a growth of 26948.2 million US dollars by the end of 2027 with a compound annual growth rate of 7.7% during the forecast period of 2021 to 2027. The market value of Instant Water Heater is expected to increase more during the forecast period.
Market Driving Factors:
The establishment of residential projects coupled with a rise in infrastructural investments is one of the major driving factors of the Instant Water Heater market growth rate.
Another major driving factor of the Instant Water Heater market was the government regulations and strict building codes and standards towards adopting energy-efficient technologies.
Increased disposable income of consumers and burgeoning trends of urbanization and globalization are some of the Instant Water Heater revenue rate market's growth-supporting factors.
Another major growth factor of the Instant Water Heater market was the increasing population and a substantial rise in consumers' discretionary income in some countries. Along with this, growing awareness of the instant water heater's benefits is likely to bolster the market's growth rate.
Technological advancements and automation in-home essentials, increased investments in R & D by prominent key players are some of the major factors that help the growth of the Instant water heater revenue rate.
The Instant Water Heater is the inclination towards solar water heating system, which hinders the Instant Water Heater Market's growth.
Another major restraint affecting the growth of the Instant Water Heater's market was the availability of alternative products.
Market Size Available
2021 – 2027
2021 - 2027
Basis of the location of installation, the basis of energy factor, on the basis of product type, on the basis of technology, on the basis of end-users, on the basis of sales channel, the basis of geography
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Ferroli S.P.A, Ariston Thermo S.P.A., General Electric Company, Havells India Ltd, Nihon Itomic Co., Ltd, A.O. Smith Corporation, Bradford White Corporation, Rheem Manufacturing Company, Vaillant Group, and Whirlpool Corporation.
The Instant Water Heater market is segmented on the basis of the location of installation, on the basis of energy factor, on the basis of product type, on the basis of technology, on the basis of end-users, on the basis of sales channel, and the basis of geography.
Based on the installation location:
The Instant Water Heater market is segmented into two types, namely indoor and outdoor. Among these segments, the indoor segment holds the major share of the market. Adopting the latest technologies and growing awareness over the availability of efficient products boost the growth rate of the market. The outdoor segment is next in dominating the shares of the market.
Instant Water Heater's market is bifurcated into 0-0.79 EF, 8-0.89 EF, and 9 EF and higher. 8-0.89 EF segment is ruling with the highest market shares with the increasing demand to improve the well-being and living standards.
The Instant Water Heater market is segmented into gas instant water heaters, electric instant water heaters based on the product type. Among these segments, the electric instant water heaters segment holds the major share of the market.
the Instant Water Heater market is segmented into two types, namely condensing and non-condensing. Condensing segment is estimated to grow at a higher rate during the forecast period.
the Instant Water Heater market is segmented into commercial and residential. The residential segment leads the significant shares of the market with the quick adoption of water heaters in developed countries.
the Instant Water Heater market is segmented into two modes: online and offline. The offline segment is gaining traction over the shares of the market.
The Instant Water Heater market is elaborated in various regions all around the world such as North America (US, Mexico, Canada and rest of North America), Europe region (Spain, France, Germany, Italy, UK and rest of Europe), Asia Pacific region (India, Japan, China, Australia and rest of Asia Pacific).
North America region holds the largest share of the market of Instant Water Heaters owing to the technological advancements, and automation in-home essentials, increased investments in R & D by major key players are some of the factors are propelling the market of Instant Water Heaters to grow further in the North America region.
Asia Pacific region holds the major share of the market following North America owing to its increasing population and a substantial rise in discretionary income of consumers in some of the countries such as India and China in the region.
The Europe region is expected to increase the market value of Instant Water Heaters owing to the rising investment for new product innovation by the companies propels the growth of the market.
Key market players:
Some of the key market players of the Instant Water Heater market are Ferroli S.P.A, Ariston Thermo S.P.A., General Electric Company, Havells India Ltd, Nihon Itomic Co., Ltd, A.O. Smith Corporation, Bradford White Corporation, Rheem Manufacturing Company, Vaillant Group, and Whirlpool Corporation.
COVID 19 was declared as a pandemic by WHO in March 2020. Since then, to control the spread of the disease, all governments took a step forward to imposed lockdown and restrictions on the movements. Due to that, there is a break in the supply chain as many countries did not allow exports and imports. There were strict guidelines, especially in the first half of 2020 across the world. Key players faced difficulties during this time as there was no growth rate. But with the resumption of the activities by taking proper measures like maintaining social distancing and wearing a mask, the shares started to grow in the last months of 2020. It is expected to level up the growth rate of the instant water heater market in 2021.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Instant Water Heater Market, By Location of Installation
6.1.3 Market Size Estimations & Forecasts (2021-2027)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Instant Water Heater Market, By Energy Factor
6.2.1 0-0.79 EF
6.2.2 8-0.89 EF
6.2.3 9 EF and higher
6.2.4 Market Size Estimations & Forecasts (2021-2027)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Instant Water Heater Market, By Product Type
6.3.1 Gas intant water heater
6.3.2 Electric Instant water heater
6.3.3 Market Size Estimations & Forecasts (2021-2027)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Instant Water Heater Market, By Technology
6.4.3 Market Size Estimations & Forecasts (2021-2027)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
6.5 Instant Water Heater Market, By End-Users
6.5.3 Market Size Estimations & Forecasts (2021-2027)
6.5.4 Y-o-Y Growth Rate Analysis
6.5.5 Market Attractiveness Index
6.6 Instant Water Heater Market, By Sales Channels
6.6.3 Market Size Estimations & Forecasts (2021-2027)
6.6.4 Y-o-Y Growth Rate Analysis
6.6.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2021- 2027)
7.2.1 By Country
7.2.2 By Location of Installation
7.2.3 By Energy Factor
7.2.4 By Product Type
7.2.5 By Technology
7.2.6 By End-Users
7.2.7 By Sales Channels
7.3.1 By Country
18.104.22.168 Rest of Europe
7.3.2 By Location of Installation
7.3.3 By Energy Factor
7.3.4 By Product Type
7.3.5 By Technology
7.3.6 By End-Users
7.3.7 By Sales Channels
7.4 Asia Pacific
7.4.1 By Country
22.214.171.124 South Korea
126.96.36.199 South East Asia
188.8.131.52 Australia & NZ
184.108.40.206 Rest of Asia-Pacific
7.4.2 By Location of Installation
7.4.3 By Energy Factor
7.4.4 By Product Type
7.4.5 By Technology
7.4.6 By End-Users
7.4.7 By Sales Channels
7.5 Latin America
7.5.1 By Country
220.127.116.11 Rest of Latin America
7.5.2 By Location of Installation
7.5.3 By Energy Factor
7.5.4 By Product Type
7.5.5 By Technology
7.5.6 By End-Users
7.5.7 By Sales Channels
7.6 Middle East and Africa
7.6.1 By Country
18.104.22.168 Middle East
7.6.2 By Location of Installation
7.6.3 By Energy Factor
7.6.4 By Product Type
7.6.5 By Technology
7.6.6 By End-Users
7.6.7 By Sales Channels
8. Key Player Analysis
8.1 Ferroli S.P.A
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Ariston Thermo S.P.A
8.3 General Electric Company
8.4 Havells India Ltd
8.5 Nihon Itomic Co. Ltd
8.6 A.O. Smith Corporation
8.7 Bradford White Corporation
8.8 Rheem Manufacturing Company
8.9 Vaillant Group
8.10 Whirlpool Corporation
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures