UK Tankless Water Heater Market Share 2021: Trends, Key Players, Industry Analysis and Report 2021-2027

 

UK tankless water heater market is projected to grow at a significant during the forecast period. The market growth is mainly backed by the growing demand for energy-efficient and convenient water heater heating systems in the commercial sector. Moreover, the government is working towards encouraging consumers to use energy-efficient water heaters that can support to save energy. In this context, EPA’s Energy Program is intended to save energy and protecting the environment and they recommended the use of a gas water heater. These initiatives for the energy-efficient water heating solutions further provide a significant opportunity to the market.

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These rebates for energy-efficient water heaters have been provided to encourage residential users to use energy-efficient water heater as heating water in the homes consumes a large amount of energy. Tankless water heaters have a life expectancy of 20 years which is much longer than any traditional tank-type water heater. As it is a tankless model, there is no risk associated with tank leaks and water damage. ENERGY STAR certified tankless water heaters can save $95 annually or $1,800 over its lifetime on gas bills rather than using a standard gas model. These rebates are primarily encouraging residential users to adopt ENERGY STAR water heaters for energy consumption.

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Key questions addressed by the report

·        What is the market growth rate during the forecast period?

·        Which segment/region dominates the market in the base year?

·        Which segment/region will project the fastest growth in the market during the forecast period?

·        How COVID-19 will impact the market growth in 2020 and coming years?

o   Recovery Timeline

o   Deviation from the pre-COVID forecast

o   Most affected region/segment

o   Recommendations

·        Who is the leader in the market?

·        How players are addressing challenges to sustain growth?

·        Where is the investment opportunity?

UK Tankless Water Heater Market – Segmentation

By Product Type

·        Electric Water Heater

·        Gas Water Heater

By Application

·        Residential

·        Commercial

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Company Profiles

·        A.O. Smith Corp.

·        ATC Electrical and Mechanical, Ltd.

·        Bradford White Corp.

·        General Electric Co.

·        Navien Inc.

·        NORITZ Corp.

·        Robert Bosch GmbH

·        Rheem Manufacturing Company, Inc.

·        Rinnai Corp.

·        Stiebel Eltron, Inc.

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