openPR Logo
Press release

Tankless Water Heater Market Worth US$ 25,498.5 Mn by 2024

Tankless Water Heater Market Worth US$ 25,498.5 Mn by 2024

Europe accounted for the largest value share of the global tankless water heater market in 2015, and the market in the region is anticipated to expand at a CAGR of 3.8% over the forecast period. Sales volume of tankless water heater in Europe is projected to increase by 1.3X between 2016 and 2024. In terms of value and volume, North America is anticipated to register the highest growth, followed by Asia Pacific over the forecast period.

According to the latest market report published by Persistence Market Research titled ‘Tankless Water Heater Market: Global Industry Analysis and Forecast, 2016 - 2024’, globally, the revenue generated from sales of tankless water heater market is estimated to be valued at US$ 16.9 Bn by 2016 end, and is expected to increase at a CAGR of 5.3% during the forecast period (2016–2024).

Tankless water heaters, also called inline, flash, instantaneous, continuous flow, on demand, or instant-on water heater are used to heat water on demand and instantly.Tankless water heaters are used in residential and commercial applications for water heating. The source of energy can be electric or gas. Attributes such as low space utilization, high energy efficiency, and superior service life of tankless water heaters are factors driving demand for a tankless water heater. Tankless water heaters are anticipated to be effective alternatives for high energy consuming conventional water heater. Tankless water heaters can be installed for residential as well as commercial use at indoor or outdoor locations depending on consumer requirement.

Request to view table of content @ http://www.persistencemarketresearch.com/market-research/tankless-water-heater-market/toc

The condensing technology segment is anticipated to register the fastest growth due to growing consumer inclination towards energy efficient systems. Moreover, government initiatives to promote energy efficient systems via subsidies and rebates anticipated to drive demand for condensing technology type tankless water heaters. Tankless water heaters with condensing technology are slated to register CAGR of 6.9% over the forecast period. Sales volume of tankless water heaters is expected to increase from 26,740 thousand units in 2015 to 43,484 thousand units in 2024, increasing at a CAGR of 5.6% over the forecast period.

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/3286

A. O. Smith, Ariston Thermo Group, Kyungdong Navien Co.,Ltd., Rinnai Corporation, Rheem Manufacturing Company are amongst the leading players in the global tankless water heater market. Other market players include Stiebel Eltron GmbH & Co. KG, Noritz America Corp., Bradford White Corp., Haier Electronics Group Co, Ltd., and Bajaj Electricals Ltd.

About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353

Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Tankless Water Heater Market Worth US$ 25,498.5 Mn by 2024 here

News-ID: 522511 • Views:

More Releases from Persistence Market Research

Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Market Overview: The frozen foods market consists of a wide range of products, including frozen fruits and vegetables, meat and seafood, ready-to-eat meals, and desserts. These products are preserved through freezing to maintain freshness and quality for an extended period. Market Size and Growth: The global market for frozen foods is forecasted to be of valuation US$ 281.0 Billion in the year 2022 which is expanding at a value CAGR of 5.1% and
The Global Graphene Market's Striking Growth and Innovative Applications
The Global Graphene Market's Striking Growth and Innovative Applications
Introduction Graphene, a single layer of carbon atoms arranged in a hexagonal lattice, has gained global recognition for its extraordinary properties, such as exceptional electrical and thermal conductivity, mechanical strength, and flexibility. Since its isolation in 2004 by Andre Geim and Konstantin Novoselov, graphene has sparked considerable interest in both scientific and industrial communities. This report explores the current state of the graphene market and its potential growth opportunities. Get Access To
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analysis, Emerging Trends with Upcoming Developments
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analys …
Market Overview: The projected global market size for cyber security mesh is expected to reach $8.8 billion by the year 2033, with an estimated valuation of $1.2 billion by 2023. This market is poised to experience a compound annual growth rate (CAGR) of 21.7% from 2023 to 2033. The global Cyber Security Mesh market is poised for significant growth as organizations worldwide grapple with the escalating threat landscape. Cybersecurity has become an
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation and Industry Size
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation …
Key market trends included a shift towards natural and plant-based ingredients, as consumers sought cleaner labels and healthier options. This drove the demand for naturally sourced beta-carotene, but synthetic beta-carotene still had its place due to its cost-effectiveness and consistency in production. The market was also influenced by regulatory changes and evolving dietary preferences, which affected the application and formulation of synthetic beta-carotene in various products. To obtain the latest market

All 5 Releases


More Releases for Tankless

Innovative Impertinence To Drive The Tankless Water Heater Market
As far as tankless water heaters are concerned, consumers have now shifted their interest toward IoT-controlled devices that serve multi-functional needs. Several companies are piloting a recently released Internet of Things (IoT)-based solution that enables better control on power load on the grid by detecting the temperature and voltage of each tankless water heating unit, and by allowing the units to be turned off when necessary via a phone or
Global Tankless Electric Water Heaters Industry Market Analysis & Forecast
In the Global Tankless Electric Water Heaters Industry Market Analysis & Forecast 2018-2023, the revenue is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023. The production is estimated at XX million in 2017 and is forecasted to reach XX million by the end of 2023, growing at a
New Research Report Explore Tankless Water Heater Market: Condensing Technology …
Market Research report examines the Global Tankless Water Heater Market for the forecast period 2016–2024. The primary objective of the report is to identify opportunities in the market and present updates and insights pertaining to various segments of the global tankless water heater market. Click here For Free Sample Report @ https://www.mrrse.com/sample/2282 Tankless water heaters, also called inline, flash, instantaneous, continuous flow, on-demand, or instant-on water heater are used to heat water
Tankless Water Heater Water: Condensing Technology Based Tankless Water Heaters …
Tankless water heaters, also called inline, flash, instantaneous, continuous flow, on demand, or instant-on water heater are used to heat water on demand and instantly. The source of energy for tankless water heaters can be electric or gas. Tankless water heaters are mainly segmented on the basis of technology into condensing and non-condensing. Tankless water heaters can be installed for residential as well as commercial use at indoor or outdoor
Global Tankless Water Heater Market : Europe Dominating Region
The revenue generated from sales of tankless water heater market is estimated to be valued at US$ 16.9 Bn by 2016 end, and is expected to increase at a CAGR of 5.3% during the forecast period (2016–2024). Tankless water heaters, also called inline, flash, instantaneous, continuous flow, on demand, or instant-on water heater are used to heat water on demand and instantly.Tankless water heaters are used in residential and commercial applications
United States Tankless Gas Industry Report 2016
The recently published report titled United States Tankless Gas Industry 2016 Market Research Report is an in depth study providing complete analysis of the industry for the period 2016 – 2021. It provides complete overview of United States Tankless Gas market considering all the major industry trends, market dynamics and competitive scenario. The United States Tankless Gas Industry Report 2016 is an in depth study analyzing the current state of the