Innovative technological developments and increased investments in research and development have been the primary drivers of the growth of companies specialising in tankless water heater units. The development of carbon-neutral buildings and the expansion of smart cities and commercial infrastructure will strengthen the industry. Continuous technological advancement is expected to fuel market growth in the near future.
The development of services and products that are convenient and interoperable is expected to boost Tankless Water Heater Market sales. This market is characterised by low prices, convenience, and growing acceptability.
Furthermore, the increasing replacement of traditional water heater units with tankless water heating technology in commercial spaces such as hospitals, hotels, restaurants, beauty salons & spas, and so on will lead to significant growth in the tankless water heating market.
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