Immersion Heater Market Size

Immersion Heater Market size is expected to cross USD 1.5 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of immersion heater was over USD 800 Million. The construction of smart cities and the quick development of green building projects would drive the market expansion. In comparison to typical structures, energy consumption in green buildings can be reduced by 30%–40%. Water consumption in green buildings can be lowered by 20% to 30%. Up to 35% less CO2 can be released from green buildings.

In addition, the demand for immersion heaters has increased as a result of global government programs and legislation encouraging the adoption of energy-efficient heating systems. Also, immersion heaters are becoming more and more appealing because of the rising cost of electricity, as they are frequently less expensive to run than other heating solutions.