Research Nester has published a report titled “Electric Tankless Water Heater Market: Global Demand Analysis and Opportunity Forecast to 2031”, which provides a detailed overview of the global Electric Tankless Water Heater market in terms of market segmentation by type, energy factor, installation, features, application, and by region.
Moreover, for in-depth analysis, the report includes industry growth indicators, constraints, supply and demand risks, and detailed discussion on current and future market trends associated with the market growth.
The global electric instantaneous water heater market is expected to grow at a CAGR of 9% during the forecast period, i.e. 2022 to 2031. The market is segmented based on application into commercial and residential, of which the commercial segment is expected to grow. at the highest rates over the forecast period against the backdrop of rapid development of the tourism sector.
The global electric instantaneous water heater market is estimated to grow significantly due to growing concerns about energy efficiency, economic growth and increased adoption of Internet of Things in home management. The growth of the market can also be attributed to the proliferation of green buildings around the world. For example, before 2020, there were about 130,000 green buildings in the world.
At the regional level, the global electric instantaneous water heater market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The market in the European region is estimated to witness significant growth over the forecast period, driven by the adoption of energy efficient products and increased adoption of low-carbon power generation in the region.
The study is global in nature and includes detailed market analysis in North America (USA, Canada), Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, the Netherlands and Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, rest of Europe), Latin America (Brazil, Mexico, Argentina, rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, rest of countries Asia-Pacific), Middle East and Africa (Israel, Gulf countries [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, rest of the Middle East and Africa). In addition, the research report has also reviewed and displayed the analysis including market size,
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