Home Consumer and Retail Electronics and Appliances Global Tankless Water Heater Market Size Estimates and Forecasts, by Energy Source (Gas and Electric), by End-Use (Residential and Commercial) and by Region (North America, Europe, Asia Pacific and Rest of The World) 2017-2025 (USD Billion and Million Units)

Global Tankless Water Heater Market Size Estimates and Forecasts, by Energy Source (Gas and Electric), by End-Use (Residential and Commercial) and by Region (North America, Europe, Asia Pacific and Rest of The World) 2017-2025 (USD Billion and Million Units)

Publisher: Bizwit Research & Consulting LLP
Publication Date: December, 2017
Consumer and Retail / Electronics and Appliances
Pages: 180-200
Delivery Format: PDF

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Global tankless water heater market valued approximately USD 3.21 billion in 2016 is likely to grow with a healthy CAGR of more than 7% over the forecast period 2017-2025. Rapid development in tankless water heating technologies along with the declining price trend of tankless water heaters are some of the major reason behind the growth of the market.

These heaters offer high energy efficiency, no standby energy losses and compact designs. These water heaters can be easily installed at any point of use applications such as bathing and washing purposes. Owing to such advantages, these are significantly popular among the commercial places with irregular demand for hot water. The market has been segmented upon energy sources, end-use and regions. Below mentioned is the brief description of each of the segments which have been incorporated in the study:

Energy Source:
 Electric
 Gas

End-Use
 Commercial
 Residential

Regions:
 North America
o U.S.
o Canada
 Europe
o UK
o Germany
o France
 Asia Pacific
o China
o India
o Japan
 Latin America
o Brazil
o Mexico
 Rest of the World

Geographically, the market is dominated by Asia Pacific followed by North America. Asia Pacific accounted for around 32.45% of the total market in 2016. The presence of numerous manufacturers, low prices and a wide range of product offerings are the major reason behind the huge market share of Asia Pacific. Further, European region is likely to witness significant growth over the forecast period. Increasing disposable income and rising commercial places in countries such as France and Germany are key factors behind the growth of European market over the coming eight years.

Some of the key players involved in the manufacturing of tankless models are; A.O. Smith Corporation, Rheem Manufacturing Company, and Eemax. These key players have a strong foothold in the industry due to their wide product offerings and geographical presence. Further, merger and acquisition is the key strategy adopted by key players, this has enabled them to gain competitive advantages and their hands on recent technological developments. Furthermore, it also helps to increase the sales presence in different regions and countries.

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Global Tankless Water Heater Market Size Estimates and Forecasts, by Energy Source (Gas and Electric), by End-Use (Residential and Commercial) and by Region (North America, Europe, Asia Pacific and Rest of The World) 2017-2025 (USD Billion and Million Units)

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