In 2023, the UK imported 5.35 million kilograms of instantaneous water heaters, excluding gas. The forecast for 2024 suggests a minor rise to 5.3702 million kilograms, continuing a trend of gradual annual increases that are anticipated to persist through 2028, reaching 5.509 million kilograms. This represents a consistent year-on-year growth, with a Compound Annual Growth Rate (CAGR) of approximately 0.6% over the forecast period.
Future trends to watch for include potential impacts from technological advancements, shifts in consumer preferences toward energy efficiency, and government regulations on sustainability. Monitoring these factors will be critical for anticipating future market dynamics in the UK's water heater sector.
