Global Instant Water Heater Market: Global Industry Trends, Share, Size, Growth and Forecast Till 2027
According to the latest report by IMARC Group, titled “Instant Water Heater Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global instant water heater market reached a value of US$ 3.13 Billion in 2021. An instant water heater refers to a device that heats water instantly through an electric heating unit or gas. It is also known as a tankless water heater and consists of a draft divider, hot water outlet, pressure relief valves, tanks, flue pipe and dip tubes. The heated water is widely used for various purposes, such as hot water showers, removing stains, washing dishes and clothes, and cleaning and relieving clogged drains. An instant water heater also consists of a water flow sensor that starts automatically when it detects the water flow. As compared to traditional water heaters, instant water heaters are more cost-efficient, convenient, energy-efficient, and compact. As a result, they are extensively used in h...