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![The Instant Electrical Water Heater market has experienced remarkable growth](https://adminzone.ferroli.com/storage/blog/hUroUJGoYkTdKsx38MdqYPREKpGpAQ.png)
The Instant Electrical Water Heating Market is experiencing unprecedented growth, underscoring a rising global demand, driven by consumer preferences for affordability and energy efficiency. With projections estimating a rise to USD 23,737.89 million by 2030. The market is predicted to witness a Compound Annual Growth Rate (CAGR) of 6.90% from 2023 to 2030. If realized, this would see the market catapult to USD 23,737.89 million by 2030 from its 2022 standing of USD 14,879.27 million. This remarkable growth trajectory is indicative of the product's escalating appeal and its alignment with contemporary needs and preferences.
Water is one of the most important utilities for household, commercial, and industrial needs, and our Water heaters that use either electricity and or gas to heat the water are in demand.The low-price range is dominating the market landscape. The prominence of more affordable options indicates a discernible consumer lean towards cost-effective solutions when selecting instant electric water heaters.
As legislative initiatives to reduce energy usage in buildings, green technology and sustainability are becoming increasingly important, the demand for intelligent water heating as well as energy-efficient systems for heating water is expected to continue to rise in the next few years as a result of stricter building standards and regulations and growing consumer awareness.
For industrial and commercial sectors, the demand is fuelled by the surge in hot water usage, mostly from healthcare facilities and hotels, and utilised in several industrial industries, including the production of food and drinks industries, so the need for water heaters is anticipated to increase. COVID-19 that closed down many operations, forcing remote working is now primarily responsible for growth as company’s restructure operations and recover from the COVID-19 impact.
Ferroli continue to invest in product research, development, and innovation, driving the market for our gas and electric water heaters. We are proud to be leaders in cutting-edge products and technologies that enhance customer experience and save operational expenses.
Our modern water heaters are designed to be more energy-efficient, reducing energy consumption and greenhouse gas emissions. Advances in technology have led to the development of more efficient and innovative water heating systems. Consumers are becoming more informed about the benefits of energy-efficient appliances and are willing to invest in products that save them money in the long run. This increased awareness drives demand for energy-efficient water heaters. At Ferroli we supply, both electric and efficient and eco-friendly gas water heaters and we have a huge range to choose from.
Our Products
If you’re looking for electric, the SEV, is a large capacity electric water heaters available in 97 litre, 76 litre and 47.5litre. The SEV is a tankless water heater, fitted with our ‘Blue Forever’ premium heating element which is enamelled with Blue Silicon for long-lasting high performance, reduced limescale deposits, improved energy efficiency and increased lifespan of the element. The Cubo is its smaller cousin, available in 10l and 14l capacity with under and over sink models available and it also comes fitted with our ‘Blue Forever’ premium heating element. We also have a range of small electric water heaters, the “Mini Instant” is very small 5.5litre, light and yet powerful and energy efficient, this water heater provides instant hot water for the smallest of spaces. The very compact Novo, 5 & 10 litre models fit almost anywhere! Our smaller water heaters can be installed wherever there is access to a water supply and a power source. They can sit above or below the sink and come with an electrical cable already fitted. The Bravo 10 and 15 are available as both under and over sink models and the Bravo 30 is available as over sink.
Our new beautiful and smart gas water heater is the Kona, it is most efficient and eco-friendly, robust, and easy to use and install. The Kona comes with impeccable low NOx Class 6 (in accordance with EN 1515502) credentials and ERP Class A and comes in a range of three sizes, 12 l/min - 15 l/min - 17 l/min. For the perfect hot water solution for static caravans, we have the PEGASO ECO. It is a high-performance, low emission heater for domestic hot water production, powered by LPG and equipped with a compact, WATER-COOLED, battery-powered burner with electronic ignition (from -5 ° C to +60 ° C). The Pegaso gas water heaters are ideal for use in most types of static caravan, they are compact and offer a wide range of hot water temperatures and power efficiencies.
Energy efficiency and eco-friendly, the Egea Tech has recently arrived in the UK. It is a floor standing Air Source Heat Pump with integrated storage tank for domestic hot water production. Suitable for many applications, the Egea is a smart heating solution for domestic water that uses electricity, air and if needed, solar thermal and photovoltaic energy without the need for traditional fuels.
Heating your water using electricity generated from renewable sources, such as solar PV, can save you a considerable amount on your energy bills. The new Egea also has an active defrosting system. It can also be controlled via Smart phone using the Ferroli “Home App”.
Find out more https://www.ferroli.com/en/products/water-heaters/egea-tech-lt
Want to stock or buy Ferroli Water Heater?
We supply a wide range of electric and gas water heaters to distributors and showrooms. Many of our products are available for quick delivery from our warehouse. Contact our sales team today to discuss your requirements.
Source.
Credence Research https://www.credenceresearch.com/report/instant-electric-water-heater-market
*BonaFide Research https://www.linkedin.com/pulse/fueling-comfort-efficiency-surging-surge-water-heater-gjwkf/