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No doubt about it. The Titan water heater saves a lot of space.
This is a great advantage for small apartments where the limited space is very valuable. By replacing your old conventional water heater with a Titan water heater, you are not only replacing the bulky tank, but you are also saving yourself from the potential danger of incubating bacteria colonies, mainly Legionella; which will grow if the temperature of the conventional water heater is not set high enough. If you, however, set that temperature too high, the risk of scalding from excessively hot water increases.
The smarter, cleaner, and energy efficient way of dealing with this is the Titan tankless water heater solution. Which takes zero floor space.