Tankless Water Heater Industry in Europe to 2026 - by Product Type and Application
December 11, 2020 05:28 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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European tankless water heater market is estimated to grow significantly at a CAGR of 8.0% during the forecast period. The European tankless water heater market is mainly driven due to the rising demand for energy-efficient water heater in the residential sector and growing energy demand in the commercial sector. In the region the water heating is utilized for space heating, cooking, sanitary applications, and various others in the residential and commercial sector, As per the European Commission, more than 64.7% of the energy consumption in the household is contributed by space heating in 2018. Moreover, the favorable government policies for renewable energy are projected to provide ample opportunity to the tankless w
Tankless Water Heater Industry in Europe to 2026 - by Product Type and Application
ResearchAndMarkets.com s offering.
European tankless water heater market is estimated to grow significantly at a CAGR of 8.0% during the forecast period. The European tankless water heater market is mainly driven due to the rising demand for energy-efficient water heater in the residential sector and growing energy demand in the commercial sector. In the region the water heating is utilized for space heating, cooking, sanitary applications, and various others in the residential and commercial sector, As per the European Commission, more than 64.7% of the energy consumption in the household is contributed by space heating in 2018. Moreover, the favorable government policies for renewable energy are projected to provide ample opportunity to the tankless water heater market in the region.