UK Tankless Water Heater Market Size, Share, Impressive Industry Growth, Report 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?
  • Recovery Timeline
  • Deviation from the pre-COVID forecast
  • Most affected region/segment
  • 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

  • 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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