Tankless Water Heater Market – Post Pandemic Business Strategies and Processes Plan | Technological Innovations in Design and Higher Efficiency to Boost Growth in the Consumer Discretionary Industry| Technavio
LONDON–(BUSINESS WIRE)–The tankless water heater market is expected to grow by USD 1.07 billion during 2020-2024, expanding at a CAGR of almost 4%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth according to the latest market research report by Technavio.
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Tankless Water Heater Market: Technological innovations in design and higher efficiency to drive growth
The rising global demand for water heating systems has increased the adoption of tankless water heaters that are more efficient compared to conventional water heaters. Their growing acceptance has encouraged market vendors to introduce products that meet evolving