Europe Electric Water Heater Market share is anticipated to witness a substantial growth on account of government mandates pertaining to energy efficiency along with growing demand for replacement of existing water heaters. Stringent building standards toward installation of star rated heating systems will further complement the business scenario. Moreover, adoption of advanced water heater units with facilitated water filtration system, corrosion resistance as well as integrated monitoring and remote-control devices will positively influence the industry outlook.
Rising demand for instant water heaters on account of quick hot water delivery, low standby heating losses as well as time management will complement the business scenario. For instance, in 2019, Rinnai Corporation launched a tankless water heater, integrated with Control-R Wi-Fi module providing cloud-based user interface for better management and effective energy usage. High energy efficiency of tankless water heater systems when compared with conventional storage units will foster the product demand. Moreover, rising installation of these units across commercial and residential spaces owing to easy installation and low electricity cost will positively sway the industry landscape.
< 30 liters capacity electric water heater industry is estimated to impede on account of rising hot water demand across the Nordic countries followed by increasing deployment of these systems across the residential sector. In addition, ongoing technological advancements along with rising R&D investments by regional manufacturers to deploy cost effective units will complement the product demand. Replacement of conventional water heaters across the commercial and residential establishments will accelerate the industry scenario.
Commercial electric water heater market size will witness a significant demand on account of rising investment toward infrastructural development along with rising installation of technological advanced units. Ongoing government efforts toward integration of solar powered units across government and military establishment will further propel the adoption of electric water heaters. Increasing infrastructural spending to deploy smart city outputs and zero-emission buildings will in turn stimulate the product portfolio. Furthermore, surging demand for instant heating technologies across offices and hospital facilities will fuel the industry scenario.
UK electric water heater market is estimated to grow on account of rising installation of advanced water heaters along with increasing demand for high efficiency heating systems. Ongoing regulatory regimes and standards concerning the energy efficiency norms will positively sway the product demand. Furthermore, growing introduction of advanced integrated water heating technologies including built-in Wi-Fi, robust communications alternative, leak detection systems and intelligent designs will accelerate the industry outlook.
Ongoing COVID - 19 impact across the region has disturbed the overall production and installation programs of electric water heaters across the region. Moreover, the manufacturers have undergone a major downturn in their business cycle as the effects of coronavirus has affected both the demand and supply sides of the technology industry.
Major players across the Europe electric water heater market are aiming for making strategic alliances to enhance their market share across the industry. Key manufacturers operational across the industry are Bosch Thermotechnology, General Electric Appliances, Whirlpool Corporation, Hubbell, Haier Electronics, Stiebel Eltron, Ferroli, Viessmann Group, A.O. Smith, amongst others.