In 2023, France imported approximately 15.6 million kilograms of instantaneous water heaters, excluding gas types. The forecast data indicates a steady increase in imports from 2024 to 2028, rising from 16.02 million kilograms to 17.905 million kilograms. The year-on-year growth is moderate, averaging around 3% each year. The compound annual growth rate (CAGR) over the five-year period is expected to demonstrate a consistent upward trend, reflecting stable demand in the market.
Future trends to watch for:
- Technological advancements improving energy efficiency and reducing costs of water heaters.
- Potential regulatory changes promoting sustainable and eco-friendly solutions.
- Shifts in consumer preferences towards more energy-efficient or renewable energy-powered water heating options.