On Demand Hot Water an Increasingly Popular Home Improvement Trend
A Tankless Water Heater is Part of Home Improvement Worldwide
Energy Efficient Homes & Available Hot Water are Reasons for Tankless PopularityAs companies like Tesla transform how we fuel our cars, other big energy-saving and environmentally friendly changes are also underway. For instance, solar power capacity increased 50% last year, with China and the US nearly doubling the amount they added the previous year. And global sales of tankless water heaters are expected to double in the next decade, with more than 50% of the market tankless by 2020, including big inroads in North America and elsewhere.
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What Parts of the World Are Leading the Hot Water on Demand Movement?Europe is leading the charge, with the largest share of tankless hot water heaters. However, North America and the Asia Pacific region are expected to register the highest growth in the coming years. Tankless is big.
For more detailed information, visit the Persistence Market Research website
How You Can Save on Energy and Save Space at the Same Time
The drive toward tankless – or on demand – hot water heaters is the result of a variety of factors:
- Energy efficient: Unlike traditional water heaters, where water must be kept hot in a tank 24 hours a day, 7 days a week, with tankless technology water is heated only when it's needed – so less energy is used to heat your water. In fact, you can save potentially hundreds in energy costs over the life of a tankless water heater compared to a traditional tank water heater, not to mention potentially reducing your carbon footprint.
- For more detailed information, visit the Energy Star website
- Less space: 50-gallon water storage tanks take up a lot of room. Tankless water heaters, on the other hand, are much smaller and hang on the wall. With the skyrocketing price of real estate in many cities, every efficiently-used space is valued.
- Endless hot water: The average Canadian uses 75 litres of hot water each day. Heated water kept in a tank is limited by the size of the tank but tankless water heaters can provide hot water as long as there's energy heating it. You won't be penalized anymore for being the last member of your family to take a shower in the morning. For more detailed information, visit the Natural Resources Canada website.
- Long service life: Tankless water heaters can last a long time and the cost to operate them is typically low.
New Home Builders Use Tankless Water Heaters in Energy Efficient HomesNew residential construction and home improvement trends, as well as increased environmental-consciousness, are also having a positive impact on new, energy-efficient appliances, including water heaters – saving homeowners on their utility bills. Not only that, if you're adding an extension to your home that includes a bathroom or kitchen, it may make more financial sense to install a small tankless water heater right there, where you need the water, than to run another hot water line from your hot water tank in the basement.With water heaters being the second biggest source of energy use – at 19% in Canadian homes and 8% in commercial and institutional settings – it's not surprising that consumer demand for tankless water heaters continues to grow. This technology may cost more at the outset, including if you need more than one unit based on your family's hot water usage, but increasingly homeowners are seeing the value and benefits, and turning on to tankless hot water systems. We’re not comfortable until you are™