Market Overview:
The global electric instantaneous water heater market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric instantaneous water heaters in residential and commercial applications. Additionally, the growing awareness about energy-efficient appliances is also contributing to the growth of this market.
Product Definition:
An electric instantaneous water heater is a small, water-heating appliance that heats water as it passes through the device. It does not store hot water like a storage tank heater; when the tap is turned on, cold water enters the bottom of the unit and is heated as it rises to the top. This type of heater is ideal for single-point uses such as hand washing or dishwashing because it can rapidly heat large quantities of water on demand.
Whole-House:
The global Whole-House, it's usage and growth factor in Electric Instantaneous Water Heater market size was valued at USD 1.5 billion in 2016. It is expected to expand at a CAGR of XX% over the forecast period. Growing demand for energy-efficient products across the residential sector is anticipated to drive product sales over the coming years.
Point-of-Use:
Point-of-Use (PoU) is the latest trend in energy efficiency and smart grid. It is also known as Demand Response Management (DRM). PoU allows consumers to manage electricity use by shifting load from peak to off-peak demand periods. The concept of PoU has evolved due to growing concerns about high electric bills, increasing prices, and limited natural gas supplies resulting in higher prices during peak demand times.
Application Insights:
The residential application segment accounted for the largest share of over 70.0% in 2017 and is projected to witness significant growth over the forecast period. The growing population, coupled with rising housing needs, is expected to drive demand for electric instantaneous water heater systems in the residential sector across various regions globally.
Increasing urbanization has led to an increase in housing needs and construction activities at a global level. This trend is particularly prevalent in developing countries such as India and China that are witnessing rapid industrialization at a domestic level along with it comes rapid urbanization due to increasing population size which eventually increases housing need across all economic strata of society including middle-class group, high-class group as well as super-rich class who can afford premium appliances within their homes or offices respectively.
Commercial applications include hotels, hospitals, educational institutions etc.
Regional Analysis:
North America dominated the global market in 2017. The growth is majorly driven by the increasing demand for instant hot water from countries such as U.S., Canada, and Mexico. Rising usage of these products in households due to growing awareness regarding their safety features is expected to drive the regional market over the forecast period.
Asia Pacific electric instantaneous water heater market is anticipated to witness significant growth over the forecast period owing to rising disposable income of consumers coupled with rapid urbanization and industrialization across various economies including China, India, Indonesia, Malaysia Philippines Singapore South Korea Thailand Vietnam among others are expected drive this region’s growth rate significantly over next eight years or so till 2030 timeframe).
Growth Factors:
- Increasing demand for electric instantaneous water heaters from residential and commercial sectors
- Rising awareness about the benefits of electric instantaneous water heaters over traditional storage water heaters
- Technological advancements in electric instantaneous water heater design and features
- Growing popularity of tankless or on-demand hot water systems
- Government initiatives and subsidies to promote energy-efficient appliances, including electric instantaneous water heaters
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Instantaneous Water Heater Market Research Report
By Type
Whole-House, Point-of-Use
By Application
Residential, Commercial
By Companies
Stiebel Eltron, Rheem, Bosch, Bradford White Corporation, Eemax, Hubbell, Atmor, Eccotemp Systems, Drakken, Midea Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Electric Instantaneous Water Heater Market Report Segments:
The global Electric Instantaneous Water Heater market is segmented on the basis of:
Types
Whole-House, Point-of-Use
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Stiebel Eltron
- Rheem
- Bosch
- Bradford White Corporation
- Eemax
- Hubbell
- Atmor
- Eccotemp Systems
- Drakken
- Midea Group
Highlights of The Electric Instantaneous Water Heater Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Whole-House
- Point-of-Use
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Instantaneous Water Heater Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric instantaneous water heater is a small, portable device that uses electricity to heat water. These heaters are convenient and easy to use, and they can be used in a variety of settings, including homes and businesses. Electric instantaneous water heaters are typically smaller than traditional gas or electric hotwater tanks, so they can be more easily moved around.
Some of the key players operating in the electric instantaneous water heater market are Stiebel Eltron, Rheem, Bosch, Bradford White Corporation, Eemax, Hubbell, Atmor, Eccotemp Systems, Drakken, Midea Group.
The electric instantaneous water heater market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Instantaneous Water Heater Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Instantaneous Water Heater Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Instantaneous Water Heater Market - Supply Chain
4.5. Global Electric Instantaneous Water Heater Market Forecast
4.5.1. Electric Instantaneous Water Heater Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Instantaneous Water Heater Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Instantaneous Water Heater Market Absolute $ Opportunity
5. Global Electric Instantaneous Water Heater Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Instantaneous Water Heater Market Size and Volume Forecast by Type
5.3.1. Whole-House
5.3.2. Point-of-Use
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Instantaneous Water Heater Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Instantaneous Water Heater Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Instantaneous Water Heater Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Instantaneous Water Heater Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Instantaneous Water Heater Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Instantaneous Water Heater Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Instantaneous Water Heater Demand Share Forecast, 2019-2026
9. North America Electric Instantaneous Water Heater Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Instantaneous Water Heater Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Instantaneous Water Heater Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Instantaneous Water Heater Market Size and Volume Forecast by Type
9.7.1. Whole-House
9.7.2. Point-of-Use
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Instantaneous Water Heater Demand Share Forecast, 2019-2026
10. Latin America Electric Instantaneous Water Heater Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Instantaneous Water Heater Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Instantaneous Water Heater Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Instantaneous Water Heater Market Size and Volume Forecast by Type
10.7.1. Whole-House
10.7.2. Point-of-Use
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Instantaneous Water Heater Demand Share Forecast, 2019-2026
11. Europe Electric Instantaneous Water Heater Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Instantaneous Water Heater Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Instantaneous Water Heater Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Instantaneous Water Heater Market Size and Volume Forecast by Type
11.7.1. Whole-House
11.7.2. Point-of-Use
11.. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Instantaneous Water Heater Demand Share, 2019-2026
12. Asia Pacific Electric Instantaneous Water Heater Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Instantaneous Water Heater Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Instantaneous Water Heater Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Instantaneous Water Heater Market Size and Volume Forecast by Type
12.7.1. Whole-House
12.7.2. Point-of-Use
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Instantaneous Water Heater Demand Share, 2019-2026
13. Middle East & Africa Electric Instantaneous Water Heater Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Instantaneous Water Heater Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Instantaneous Water Heater Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Instantaneous Water Heater Market Size and Volume Forecast by Type
13.7.1. Whole-House
13.7.2. Point-of-Use
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Instantaneous Water Heater Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Instantaneous Water Heater Market: Market Share Analysis
14.2. Electric Instantaneous Water Heater Distributors and Customers
14.3. Electric Instantaneous Water Heater Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Stiebel Eltron
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rheem
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bosch
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bradford White Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Eemax
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hubbell
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Atmor
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Eccotemp Systems
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Drakken
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Midea Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
