Electric Tankless Water Heater Segmentation
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 2025, there was a 184% increase in international travel.
Our in-depth analysis of the global market includes the following segments
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By Type |
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By Energy Factor |
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By Installation
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By Features
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By Application
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of electric tankless water heater is estimated at USD 8.32 billion.
Electric Tankless Water Heater Market size was valued at USD 7.74 billion in 2024 and is set to exceed USD 23.17 billion by 2037, registering over 8.8% CAGR during the forecast period i.e., between 2025-2037.
Europe industry is predicted to hold largest revenue share by 2037, backed by growing adoption of low carbon electricity generation, adoption of energy efficient products, and increased demand for substitutions of conventional water heaters.
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.
