| Product Code: ETC5192674 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, the Republic of North Macedonia saw a significant increase in import shipments of instant water heaters, with top exporting countries being China, Indonesia, Italy, Serbia, and Bulgaria. The market concentration, as measured by the HHI, shifted from moderate to high in 2024, indicating a more competitive landscape. The impressive CAGR of 12.74% from 2020 to 2024 and a remarkable growth rate of 17.42% from 2023 to 2024 highlight the growing demand for instant water heaters in North Macedonia, driven by imports from key countries.

In the Europe region, the Instant Water Heater market in North Macedonia is projected to expand at a high growth rate of 10.02% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Republic of Macedonia Instant Water Heater Market Overview |
3.1 Republic of Macedonia Country Macro Economic Indicators |
3.2 Republic of Macedonia Instant Water Heater Market Revenues & Volume, 2021 & 2031F |
3.3 Republic of Macedonia Instant Water Heater Market - Industry Life Cycle |
3.4 Republic of Macedonia Instant Water Heater Market - Porter's Five Forces |
3.5 Republic of Macedonia Instant Water Heater Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Republic of Macedonia Instant Water Heater Market Revenues & Volume Share, By Energy Source, 2021 & 2031F |
4 Republic of Macedonia Instant Water Heater Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient appliances |
4.2.2 Growing awareness about the benefits of instant water heaters |
4.2.3 Rise in residential construction projects |
4.3 Market Restraints |
4.3.1 High initial cost of instant water heaters |
4.3.2 Limited awareness in rural areas |
4.3.3 Availability of alternative water heating solutions |
5 Republic of Macedonia Instant Water Heater Market Trends |
6 Republic of Macedonia Instant Water Heater Market Segmentations |
6.1 Republic of Macedonia Instant Water Heater Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Republic of Macedonia Instant Water Heater Market Revenues & Volume, By Residential, 2021-2031F |
6.1.3 Republic of Macedonia Instant Water Heater Market Revenues & Volume, By Commercial, 2021-2031F |
6.2 Republic of Macedonia Instant Water Heater Market, By Energy Source |
6.2.1 Overview and Analysis |
6.2.2 Republic of Macedonia Instant Water Heater Market Revenues & Volume, By Electric, 2021-2031F |
6.2.3 Republic of Macedonia Instant Water Heater Market Revenues & Volume, By Gas, 2021-2031F |
7 Republic of Macedonia Instant Water Heater Market Import-Export Trade Statistics |
7.1 Republic of Macedonia Instant Water Heater Market Export to Major Countries |
7.2 Republic of Macedonia Instant Water Heater Market Imports from Major Countries |
8 Republic of Macedonia Instant Water Heater Market Key Performance Indicators |
8.1 Percentage increase in energy-efficient instant water heater sales |
8.2 Number of educational campaigns conducted to promote instant water heaters |
8.3 Growth in the number of residential construction permits issued |
8.4 Average time taken to recover the initial cost of an instant water heater |
8.5 Market penetration rate in rural areas |
9 Republic of Macedonia Instant Water Heater Market - Opportunity Assessment |
9.1 Republic of Macedonia Instant Water Heater Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Republic of Macedonia Instant Water Heater Market Opportunity Assessment, By Energy Source, 2021 & 2031F |
10 Republic of Macedonia Instant Water Heater Market - Competitive Landscape |
10.1 Republic of Macedonia Instant Water Heater Market Revenue Share, By Companies, 2024 |
10.2 Republic of Macedonia Instant Water Heater Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |