Instant Water Heater Market

Small, portable, and self-contained, an instant water heater is a type of water heating appliance. It employs refrigerant to cool and is controlled by a thermostat. Principal application areas include the residential, commercial, and institutional markets.

In terms of market growth drivers, factors such as rising disposable incomes, rising consumer awareness of the health benefits of hot water, and rising consumer adoption of instant water heater products are anticipated to contribute to the expansion of this market. Also, government programs that try to make different parts of the world cleaner are likely to have a positive effect on the growth rate of the market over the next few years.

During the period 2018-2031, the Asia-Pacific region is anticipated to record the highest growth rate in the Instant Water Heater market. This region's demand for instant water heaters is anticipated to be driven by a rise in water conservation awareness among individuals and businesses.

The market for instant water heaters is segmented by product, industry, and region. It is divided into solar thermal water heaters and electric water heaters based on product. It is divided into residential, commercial/institutional, and industrial/mining sectors based on industry. It is divided by region into North America, Europe, Asia Pacific (APAC), and the Rest of the World (Rest of the World).

Blue Star Enterprises Ltd., Daikin Industries Ltd., Electrolux AB, GE Appliances Inc., LG Electronics Inc., Mitsubishi Heavy Industries Ltd., Panasonic Corporation, Samsung Electronics Co., Ltd., and Whirlpool Corporation are some of the key players in this market.