April 21, 2022 08:23 ET | Source: Research and Markets Research and Markets
Dublin, April 21, 2022 (GLOBE NEWSWIRE) -- The "Instant Water Heater Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global instant water heater market reached a value of US$ 3.13 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 4.92 Billion by 2027, exhibiting a CAGR of 7.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor. 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:
The publisher provides an analysis of the key trends in each sub-segment of the global instant water heater market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, distribution channel and application. Breakup by Product Type:
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:
Key Topics Covered: 1 Preface 2 Scope and 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 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 For more information about this report visit https://www.researchandmarkets.com/r/4binu6