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Instant Water Heater Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 143 Pages
  • January 2023
  • Region: Global
  • IMARC Group
  • ID: 5732529

Quick Summary:

The instant water heater industry is currently witnessing a significant upward trend due to its broad range applications and growing environmental consciousness. These efficient, compact devices are revolutionizing many industries, from hospitality to medical, by providing an instantaneous source of hot water for a fraction of the cost and energy used by traditional water heaters. Featuring advanced technological adaptations, like mobile temperature control and advanced filtration systems, instant water heaters are more than just a product; they’re an investment into a smarter, more sustainable future.

Driving factors for the market include expanding hospitality sectors worldwide, innovative product developments, and broadening uses in a variety of settings. The latter encompasses applications in live-in establishments, commercial spaces, and the medical industry – signifying versatility in adoption. This market research report provides in-depth analysis of these trends, along with insight about global consumer tendencies, regional market breakdowns, and competitive landscapes for both product types and distribution channels. If you’re keen to ride the wave of 'smart' appliances, the instant water heater market and its growth should not be overlooked.

The global instant water heater market size reached US$ 3.4 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 5.3 Billion by 2028, exhibiting a CAGR of 7.68% during 2022-2028.

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:

The publisher 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?

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
9.2 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
9.3 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
9.4 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
9.5 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

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

Companies Mentioned

  • 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
  • Whirlpool Corporation.

Methodology

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