In 2023, imports of instantaneous water heaters except gas to the US were valued at approximately 2.254 million. From 2024 to 2028, forecasts indicate a steady annual increase, with growth rates around 1.8% to 1.6% year-on-year. Over the five-year period, this equates to a compounded annual growth rate (CAGR) of approximately 1.7%. This upward trajectory suggests a stable yet moderate demand for these appliances in the US market.
Future trends to watch for include potential shifts in consumer preference toward eco-friendly and energy-efficient models, regulatory changes impacting import tariffs, and the development of smart home technologies potentially boosting product demand. Additionally, fluctuations in the global supply chain could affect the import levels of these water heaters.
