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2019 Instant Water Heater Market: Regional Data Analysis by Product and Application

Author : Rahul Sankrityayan | Published Date : 2019-08-01 

Global Market Insights recently added a detailed Instant Water Heater Market research study across the global, regional and country level. The report provides 360° analysis from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global market and estimates the future trend of the industry based on this detailed study.

The global instant water heater market is projected to witness considerable growth in the ensuing years primarily driven by the surge in working population and investments in huge residential establishments. According to the National Multifamily Housing Council, apartment construction in the year 2013 generated about $30.0 Bn in direct spending, $92.6 Bn in economic contribution, along with 702,482 new jobs. It is rather overt that the rise in residential construction will lead to an upsurge in instant water heater market size, given that usually operate on propane or natural gas and are rather cost-effective.

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The advancements in technology over the past decade can indeed be attributed for innovative and affordable heating mechanisms that are proliferating the market. The introduction of heating systems with leakage detection potential, remote controlled software, and multiple interaction properties is bound to attract residential and commercial property owners. The ongoing replacement of conventional heating systems chiefly across residential buildings owing to stringent standards have also been responsible for the expansion of instant water heater market.

Lately, regional governments have been mandating norms to embrace energy-efficient technologies in response to the trend of zero-emission buildings primarily across new construction, that would further elevate the industry landscape. According to trusted reports, nearly half of UK’s CO2 emissions come from the construction sector and the operation of buildings, while in the United States, buildings constitute roughly 40 percent of the country’s emissions. Lately, Norway has established ZEB, which is a Zero Emission Buildings Research Center, that studies ways to eradicate greenhouse gas emissions from buildings. The growing attempts by governments worldwide to cut-down greenhouse gases emission will elevate demand for cleaner heating solutions, thereby contributing toward instant water heater industry expansion.

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A closer look at a couple of instrumental developments in the instant water heater market:

Amazon Alexa accepts voice commands for instant water heaters

In a recent turn of events, Rinnai, a leading player in the instant water heater industry, has reportedly enabled Amazon Alexa integration in instant water heaters to allow users to operate the device through voice controls. Reportedly, this move makes Rinnai the first tankless water heater company to introduce Amazon Alexa integration in its devices.

According to sources familiar with the development, this innovative technology allows users to extend voice commands like “Alexa, tell Rinnai to begin circulation,” or  “Alexa, ask Rinnai to turn off the shower,” and the Rinnai instant water heater gets into action.

In an era that has been constantly reiterating the relevance of energy efficiency and emission reduction, the instant water heater industry has been proactively reinforcing its stance in the global energy landscape. With the advent of user friendly, energy-efficient, intelligent & technologically advanced instant water heating solutions, it can be claimed without a doubt that the growth of this industry in the future will give rise to sustainable development. Endorsed by a promising competitive outlook the global instant water heater market is set to forge new growth avenues over the future, fueled by innovation and research & development initiatives undertaken by distinguished market players.

Chapter 4    Instant Water Heater Market, By Energy Source

4.1   Instant water heater market share by energy source, 2017 & 2024

4.2   Electric

4.2.1       Global market from electric, 2013 - 2024

4.2.2       Global market from electric, by region, 2013 – 2024

4.3   Gas

4.3.1       Global market from gas, 2013 - 2024

4.3.2       Global market from gas, by region, 2013 – 2024

4.3.3       Natural Gas

4.3.3.1   Global market from natural gas, 2013 - 2024

4.3.3.2   Global market from natural gas, by region, 2013 – 2024

4.3.4       LPG

4.3.4.1   Global market from LPG, 2013 - 2024

4.3.4.2   Global market from LPG, by region, 2013 – 2024

Chapter 5    Instant Water Heater Market, By Application

5.1   Instant water heater market share by application, 2015 & 2024

5.2   Residential

5.2.1       Global market from residential, 2013 - 2024

5.2.2       Global market from residential, by region, 2013 – 2024

5.3   Commercial

5.3.1       Global market from commercial, 2013 - 2024

5.3.2       Global market from commercial, by region, 2013 – 2024

5.3.3       College/University

5.3.3.1   Global market from college/university, 2013 - 2024

5.3.3.2   Global market from college/university, 2013 - 2024

5.3.4       Offices

5.3.4.1   Global market from offices, 2013 - 2024

5.3.4.2   Global market from offices, 2013 - 2024

5.3.5       Government/Military

5.3.5.1   Global market from government/military, 2013 - 2024

5.3.5.2   Global market from government/military, 2013 - 2024

5.3.6       Others

5.3.6.1   Global market from others, 2013 - 2024

5.3.6.2   Global market from others, 2013 - 2024

Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/instant-water-heater-market

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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