Why Urban Homes Are Rapidly Switching to Instant Water Heaters
According to this latest publication from Meticulous Research ® , According to the latest industry analysis, the global instant water heater market was valued at USD 10.2 billion in 2024 and is expected to reach USD 10.8 billion in 2025, expanding further to approximately USD 18.7 billion by 2035. The market is projected to grow at a compound annual growth rate (CAGR) of 5.7% during the forecast period from 2025 to 2035. Instant water heaters—also known as tankless or on-demand water heaters—are gaining widespread adoption across residential, commercial, and hospitality sectors due to their compact design, energy efficiency, and ability to deliver hot water without storage losses. The market's steady growth reflects rising urbanization, evolving consumer preferences, and rapid advancements in heating and smart connectivity technologies. Market Dynamics Overview Key Growth Drivers The growth of the instant water heater market is driven by rapid urbanization and rising res...