| Product Code: ETC9956178 | Publication Date: Sep 2024 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The United Kingdom tankless water heater market is experiencing steady growth due to increasing awareness about energy efficiency and the benefits of on-demand hot water supply. Tankless water heaters are gaining popularity in the UK as they offer energy savings, space efficiency, and continuous hot water supply compared to traditional storage water heaters. Factors such as government incentives for energy-efficient appliances, rising concerns about carbon emissions, and the growing trend towards sustainable living are driving the demand for tankless water heaters in the UK market. Key players in the market are focusing on product innovation, technological advancements, and strategic partnerships to enhance their market presence and cater to the evolving needs of consumers looking for efficient and eco-friendly water heating solutions.
In the United Kingdom, the tankless water heater market is experiencing significant growth driven by increasing consumer demand for energy-efficient and space-saving heating solutions. The trend towards sustainable living and the emphasis on reducing carbon emissions are also driving the adoption of tankless water heaters as they are more energy-efficient compared to traditional water heaters. Additionally, the UK government`s focus on promoting renewable energy sources and reducing greenhouse gas emissions is creating opportunities for tankless water heater manufacturers to expand their market share. With growing awareness about the benefits of tankless water heaters in terms of cost savings and environmental impact, the UK market presents a promising landscape for companies to innovate and meet the evolving needs of consumers looking for efficient and environmentally-friendly heating solutions.
In the UK Tankless Water Heater Market, challenges include consumer awareness and education about the benefits of tankless water heaters compared to traditional storage water heaters. Many consumers in the UK are not familiar with the advantages of tankless water heaters, such as energy efficiency, space-saving design, and continuous hot water supply. Additionally, the initial cost of purchasing and installing a tankless water heater can be higher than that of a traditional water heater, which may deter some potential buyers. Moreover, the need for skilled technicians for installation and maintenance of tankless water heaters poses a challenge in a market where such expertise may be limited. Addressing these challenges through targeted marketing campaigns, consumer education initiatives, and training programs for technicians can help drive adoption of tankless water heaters in the UK market.
The United Kingdom Tankless Water Heater Market is primarily driven by the growing demand for energy-efficient and space-saving water heating solutions. Consumers are increasingly seeking environmentally friendly and cost-effective alternatives to traditional water heaters, leading to a surge in the adoption of tankless water heaters. Additionally, the government`s emphasis on reducing carbon emissions and promoting sustainable living practices is further propelling the market growth. The convenience of on-demand hot water, reduced energy consumption, and longer lifespan of tankless water heaters are key factors attracting consumers. Furthermore, advancements in technology, such as improved energy efficiency and smart features, are enhancing the appeal of tankless water heaters in the UK market.
In the United Kingdom, government policies related to the Tankless Water Heater Market primarily focus on energy efficiency and reducing carbon emissions. The UK government has set targets to decrease greenhouse gas emissions and promote the use of renewable energy sources, which has led to initiatives such as the Renewable Heat Incentive (RHI) scheme. This scheme aims to encourage the adoption of energy-efficient heating systems like tankless water heaters by providing financial incentives to homeowners and businesses. Additionally, building regulations in the UK require new constructions and renovations to comply with energy efficiency standards, further driving the demand for eco-friendly heating solutions like tankless water heaters in the market.
The United Kingdom tankless water heater market is expected to experience significant growth in the coming years due to increasing awareness about energy efficiency and environmental sustainability. The growing trend of eco-friendly living and the government`s focus on reducing carbon emissions are driving the demand for tankless water heaters in the UK. Additionally, the technological advancements in tankless water heater systems, such as improved energy efficiency and smart home integration, are expected to further propel market growth. The increasing adoption of tankless water heaters in residential as well as commercial applications, coupled with the rising disposable income of consumers and the expanding construction industry, are all factors contributing to a positive outlook for the UK tankless water heater market in the future.
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 United Kingdom (UK) Tankless Water Heater Market Overview |
3.1 United Kingdom (UK) Country Macro Economic Indicators |
3.2 United Kingdom (UK) Tankless Water Heater Market Revenues & Volume, 2021 & 2031F |
3.3 United Kingdom (UK) Tankless Water Heater Market - Industry Life Cycle |
3.4 United Kingdom (UK) Tankless Water Heater Market - Porter's Five Forces |
3.5 United Kingdom (UK) Tankless Water Heater Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 United Kingdom (UK) Tankless Water Heater Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 United Kingdom (UK) Tankless Water Heater Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about energy efficiency and cost savings associated with tankless water heaters |
4.2.2 Growing demand for compact and space-saving water heating solutions in urban areas |
4.2.3 Government initiatives and regulations promoting energy-efficient appliances in households |
4.3 Market Restraints |
4.3.1 High initial cost of tankless water heaters compared to traditional storage water heaters |
4.3.2 Limited availability of skilled technicians for installation and maintenance of tankless water heaters |
4.3.3 Concerns regarding inconsistent water temperature and flow rate in some tankless water heater models |
5 United Kingdom (UK) Tankless Water Heater Market Trends |
6 United Kingdom (UK) Tankless Water Heater Market, By Types |
6.1 United Kingdom (UK) Tankless Water Heater Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 United Kingdom (UK) Tankless Water Heater Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 United Kingdom (UK) Tankless Water Heater Market Revenues & Volume, By Whole-House, 2021- 2031F |
6.1.4 United Kingdom (UK) Tankless Water Heater Market Revenues & Volume, By Point-of-Use, 2021- 2031F |
6.2 United Kingdom (UK) Tankless Water Heater Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 United Kingdom (UK) Tankless Water Heater Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 United Kingdom (UK) Tankless Water Heater Market Revenues & Volume, By Commercial, 2021- 2031F |
7 United Kingdom (UK) Tankless Water Heater Market Import-Export Trade Statistics |
7.1 United Kingdom (UK) Tankless Water Heater Market Export to Major Countries |
7.2 United Kingdom (UK) Tankless Water Heater Market Imports from Major Countries |
8 United Kingdom (UK) Tankless Water Heater Market Key Performance Indicators |
8.1 Average annual energy savings per household after switching to tankless water heaters |
8.2 Percentage increase in the adoption rate of tankless water heaters in residential buildings |
8.3 Average customer satisfaction rating for tankless water heater performance and reliability |
8.4 Number of new product innovations and technological advancements in the tankless water heater market |
8.5 Growth in the number of authorized service providers for tankless water heater installation and maintenance in the UK |
9 United Kingdom (UK) Tankless Water Heater Market - Opportunity Assessment |
9.1 United Kingdom (UK) Tankless Water Heater Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 United Kingdom (UK) Tankless Water Heater Market Opportunity Assessment, By Application, 2021 & 2031F |
10 United Kingdom (UK) Tankless Water Heater Market - Competitive Landscape |
10.1 United Kingdom (UK) Tankless Water Heater Market Revenue Share, By Companies, 2024 |
10.2 United Kingdom (UK) Tankless Water Heater Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |