North America Instant Water Heater Market Report and Forecast 2024-2032

North America Instant Water Heater Market Report and Forecast 2024-2032



Market Outlook

According to the report by Expert Market Research (EMR), the North America instant water heater market is projected to grow at a CAGR of 3.80% between 2024 and 2032. Aided by the escalating demand for energy efficient water heaters and growth of real estate sector, the market is expected to grow significantly by 2032.

Instant water heaters, also known as tankless or on-demand water heaters, provide hot water only when needed, leading to energy efficiency and cost savings. They are typically compact in size, freeing up valuable space in homes and commercial buildings. These heaters are used across a variety of sectors including residential, commercial, and industrial settings, playing a crucial role in operations requiring a constant supply of hot water.

The increasing consumer inclination towards energy-efficient appliances is one of the primary drivers for the North America instant water heater market growth. With rising energy costs and growing awareness about sustainable living practices, consumers are opting for appliances that offer energy efficiency, leading to an increased demand for instant water heaters.

In addition to energy efficiency, the convenience and compact size of instant water heaters have also made them popular among consumers. The ability of these heaters to provide hot water on demand, combined with their space-saving design, makes them an attractive option for both new constructions and renovations, contributing to North America instant water heater market expansion.

The growth of the real estate sector, both residential and commercial, is another significant factor propelling the instant water heater market. With increasing construction activities and the subsequent demand for efficient and sustainable appliances, the requirement for instant water heaters in new buildings is on the rise.

Furthermore, advancements in technology have led to the North America instant water heater market development with improved features, such as Wi-Fi connectivity and remote-control operation. These enhancements have increased consumer interest and acceptance.

Industries such as food and beverage, pharmaceuticals, and manufacturing require a consistent supply of hot water for various processes. The ability of instant water heaters to meet this demand efficiently and cost-effectively makes them a preferred choice in these sectors. providing a substantial boost to the North America instant water heater market.

Market Segmentation

The market can be divided based on product, application, distribution channel and country.

Market Breakup by Product
  • Electric Water Heater
  • Gas Water Heater
Market Breakup by Application
  • Residential
  • Commercial
Market Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Speciality Stores
  • Online/E-Commerce
  • Others
Market Breakup by Country
  • United States of America
  • Canada
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America instant water heater market. Some of the major players explored in the report by Expert Market Research are as follows:
  • A.O. Smith Corporation
  • Bradford White Corporation
  • Rinnai Corporation
  • Rheem Manufacturing Company
  • GE Appliances
  • Navien Inc.
  • Bosch Thermotechnology Corp.
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Instant Water Heater Market Overview
8.1 Key Industry Highlights
8.2 North America Instant Water Heater Historical Market (2018-2023)
8.3 North America Instant Water Heater Market Forecast (2024-2032)
9 North America Instant Water Heater Market by Product
9.1 Electric Water Heater
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Gas Water Heater
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 North America Instant Water Heater Market by Application
10.1 Residential
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Commercial
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 North America Instant Water Heater Market by Distribution Channel
11.1 Supermarkets and Hypermarkets
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Specialty Stores
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Online/E-Commerce
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 North America Instant Water Heater Market by Country
12.1 United States of America
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Canada
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators of Demand
13.4 Key Indicators of Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 A. O. Smith Corporation
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Bradford White Corporation
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Rinnai Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Rheem Manufacturing Company
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 GE Appliances
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Navien Inc.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Bosch Thermotechnology Corp.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Others
15 Key Trends and Developments in the Market
List of Key Figures and
Tables
1. North America Instant Water Heater Market: Key Industry Highlights, 2018 and 2032
2. North America Instant Water Heater Historical Market: Breakup by Product (USD Million), 2018-2023
3. North America Instant Water Heater Market Forecast: Breakup by Product (USD Million), 2024-2032
4. North America Instant Water Heater Historical Market: Breakup by Application (USD Million), 2018-2023
5. North America Instant Water Heater Market Forecast: Breakup by Application (USD Million), 2024-2032
6. North America Instant Water Heater Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7. North America Instant Water Heater Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8. North America Instant Water Heater Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Instant Water Heater Market Forecast: Breakup by Country (USD Million), 2024-2032
10. North America Instant Water Heater Market Structure

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