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.
Browse the full report description 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 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.
Market Coverage
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Report Elements |
Details |
|
Study Period |
2019-2026 |
|
Base year |
2019 |
|
Forecast period |
2020-2026 |
|
Segments Covered |
By Product Type and By Application |
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Key Companies Profiled |
A.O. Smith Corp., Bradford White Corp., Robert Bosch GmbH, Rinnai Corp., Navien Inc., Rheem Manufacturing
Company, Inc., and others. |
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
o Recommendations
UK Tankless Water Heater Market – Segmentation
By Product Type
By Application
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