Electric Tankless Water Heater Market Share

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

Electric Tankless Water Heater Market Share

Europe Market Statistics

Regionally, the global electric tankless water heater market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Europe is likely to account for largest revenue share by 2036, backed by growing adoption of low carbon electricity generation, adoption of energy efficient products, and increased demand for substitutions of conventional water heaters. As per a report by the European Commission, the European Commission has approved a series of guidelines to make the EU's energy, transportation, and climate systems capable of lowering net carbon gas emissions by at least 55% by 2036.

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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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