UK Tankless Water Heater Market Size, Share, Trends, Analysis and Forecast 2020-2026


Posted September 21, 2020 by globalomr

UK Tankless Water Heater Market Size, Share & Trends Analysis Report by Product Type (Electric Water Heater and Gas Water Heater), by Application(Residential and Commercial) and Forecast 2020-2026

 
UK tankless water heater market is projected to grow at a significant during the forecast period (2020-2026). 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.

A full report of UK Tankless Water Heater Market is available at: https://www.omrglobal.com/industry-reports/uk-tankless-water-heater-market

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?

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/uk-tankless-water-heater-market

UK Tankless Water Heater Market – Segmentation

By Product Type

• Electric Water Heater
• Gas Water Heater

By Application

• Residential
• Commercial

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.

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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Issued By Arti Sharma
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Country India
Categories Business , Consumer , Electronics
Tags electronics , Consumer , heater
Last Updated September 21, 2020