Global Tankless Water Heater Market Valued at USD 16.9 Billion in 2016

According to Goldstein Research, global tankless water heater market is expected to grow at a CAGR of 5.0% over the forecast period 2016-2024 from USD 16.9 billion in 2016. Tankless water heater provides space effectiveness and easy installation with low operation & maintenance cost. Availability of the replaceable parts, long durability and energy efficiency are key factors to increase the market demand of tankless water heater. Global tankless water heater market segmentation has been done on the basis of product type, installation, technology, end-user and geography. Electric Tankless water heater with temperature limiting controlled (TLC) device becoming more popular. Key market players are investing in developing innovative products which is likely to increase the market competitiveness and eventually will boost the demand for tankless water heater.

Global tankless water heater market is largely dominated by North America and is expected to have more than 45% market share of global tankless water heater by the end of 2024. Asia Pacific region is likely to grow at much faster rate than other regions in near future, at a CAGR of 5.4% during forecast period. At present, countries like China, India, Japan has potential market growth in Asia Pacific region.

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Market Segmentation

On the basis of our in-depth analysis, Global Tankless Water Heater Market can be segmented as follows:

Based on Product Type

o Gas Tankless Water Heater
o Electric Tankless Water Heater

Based on Installation

o Indoor Tankless Water Heater
o Outdoor Tankless Water Heater

Based on Technology

o Condensing Technology
o Non- Condensing Technology

Based on End-User

o Residential
o Commercial

By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Tankless Water Heater Market Outlook 2024” contains detailed overview of the global tankless water heater market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, installation, technology and end-user.

Further, for the in-depth analysis, Global Tankless Water Heater Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as A.O. Smith Corporation, Bosch, Noritz Corporation, Rinnai Corporation, Bradford White Corporation, Rheem Manufacturing Company, General Electric, Havells, ATMOR, Stiebel Eltron GmbH & Co. KG., Kyungdong Navien Co.,Ltd., Haier Electronics Group Co, Ltd, Bajaj Electricals Ltd., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global tankless water heater market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Browse Similar Report: Gas Tankless Water Heaters Market

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