The instant water heater industry will see explosive growth in 2024: energy-saving technology upgrades will drive new market changes

Against the backdrop of rising global energy prices, instant water heaters are experiencing a market boom thanks to their advantages of "instant heating, energy saving and environmental protection".

News details description: As global energy prices rise, energy-saving instant water heaters are experiencing explosive growth. Industry data shows that the market size is expected to exceed US$8 billion in 2024, with China and the Asia-Pacific region becoming the main growth engines. In terms of policy, China's new energy efficiency standards are implemented, and the EU plans to eliminate high-energy-consuming products in 2025, promoting industry technology upgrades. Ultra-thin design, high-power commercial models and healthy water purification functions have become the new favorites in the market, meeting consumers' multiple needs for energy saving, convenience and health. Experts predict that the industry will accelerate its intelligent and green transformation in the future.