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The instant water heater market size is forecast to increase by USD 1.71 billion at a CAGR of 4.83% between 2023 and 2028. The market in the US is experiencing significant growth, driven by the increasing demand for hot water in homes, commercial buildings, and industrial applications. With limited space availability in both residential and commercial sectors, instantaneous water heaters, utilizing condensing technology and gas storage, have gained popularity. Mandates and energy-conservation standards are pushing the market forward, as these technologies offer energy efficiency and cost savings. However, technical issues, such as high initial investment costs and maintenance requirements, may hinder market growth. Despite these challenges, the market is expected to continue expanding due to the infrastructural growth in the US, particularly in the hospitality sector, and the increasing adoption of energy-efficient technologies.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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