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Electric Tankless Water Heater Market Analysis

  • Report ID: 107
  • Published Date: Sep 30, 2024
  • Report Format: PDF, PPT

Electric Tankless Water Heater Market Analysis

The global electric tankless water heater market is segmented and analyzed for demand and supply by application into residential and commercial. Out of these, commercial segment is expected to hold the highest growth over the forecast period owing to the fast progression in tourism sector, which in turn boosts the construction of hotels, buildings, and restaurants. Between January and March 2022, there was a 184% increase in international travel.

Our in-depth analysis of the global market includes the following segments

By Type
  • Condensing
  • Non-condensing

By Energy Factor
  • 0.80 to 0.90 EF
  • 0.91 to 0.99 EF

By Installation

 
  • Indoor Tankless Water Heater
  • Outdoor Tankless Water Heater

By Features

 
  • Manual
  • Remote Control

By Application

 
  • Residential
  • Commercial
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Browse Key Market Insights with Data Illustration:

Author Credits:  Abhishek Verma


  • Report ID: 107
  • Published Date: Sep 30, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Emerging economies, increasing awareness for energy efficiency, and infrastructural developments in low and middle income countries are some major factors driving the growth of the market.

The market is anticipated to attain a CAGR of ~9% over the forecast period, i.e., 2022 – 2031.

Temporary shutdown of manufacturing centers, lack of workforce, and disruptions in raw material supply are estimated to hamper the market growth.

The market in region Europe is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.

The major players in the market are A. O. Smith Corporation, Rinnai Corporation, Noritz America Corporation, Robert Bosch GmbH, Rheem Manufacturing Company, Whirlpool Corporation, Stiebel Eltron, Inc., Navien, Inc., and others.
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