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Instant Water Heater Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global instant water heater market reached a value of US$ 3.13 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.92 Billion by 2027, exhibiting at 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:

IMARC Group 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:

  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, Distribution Channel, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global instant water heater market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global instant water heater market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global instant water heater market and who are the key players?
  • What is the degree of competition in the industry?

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$), 2016-2021
Figure 3: Global: Instant Water Heater Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Instant Water Heater Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Instant Water Heater Market: Breakup by Distribution Channel (in %), 2021
Figure 6: Global: Instant Water Heater Market: Breakup by Application (in %), 2021
Figure 7: Global: Instant Water Heater Market: Breakup by Region (in %), 2021
Figure 8: Global: Instant Water Heater (Gas Instant Water Heaters) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Instant Water Heater (Gas Instant Water Heaters) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Instant Water Heater (Electric Instant Water Heaters) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Instant Water Heater (Electric Instant Water Heaters) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Instant Water Heater (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Instant Water Heater (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Instant Water Heater (Specialty Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Instant Water Heater (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Instant Water Heater (Convenience Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Instant Water Heater (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Instant Water Heater (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Instant Water Heater (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Instant Water Heater (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Instant Water Heater (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Instant Water Heater (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Instant Water Heater (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Instant Water Heater (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Instant Water Heater (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia-Pacific: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia-Pacific: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Instant Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Instant Water Heater Market: Breakup by Country (in %), 2021
Figure 74: Middle East and Africa: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Instant Water Heater Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Instant Water Heater Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 4: Global: Instant Water Heater Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Instant Water Heater Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Instant Water Heater Market: Competitive Structure
Table 7: Global: Instant Water Heater Market: Key Players

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