Tankless Water Heater Market, By Type (Gas-Fired Tankless and Electric Tankless), By End-User (Residential, Commercial, and Industrial), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Description

The tankless water heater market is estimated to be valued at USD 4.11 Bn in 2024 and is expected to reach USD 7.27 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 4.11 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	8.50%	2031 Value Projection:	US$ 7.27 Bn

Figure. Tankless Water Heater Market Share (%), By Region 2024

Tankless water heaters also known as instantaneous or continuous flow water heaters work on the principle of heating water only as it flows through rather than storing hot water in a tank. This allows them to provide hot water on demand without limit to supply. As energy prices rise and consumers look for more energy efficient solutions, tankless water heaters have emerged as a popular alternative to traditional tank water heaters. Their compact size and ability to save space also makes them a desirable option for homeowners. With ongoing technological innovations, these heaters are now more efficient and affordable than ever before making the tankless water heater market poised for continued expansion.

The global tankless water heater market is driven by factors such as rising energy costs, advancements in technology, growing need for space savings, and environmental awareness. Tankless systems provide major energy savings compared to traditional tank heaters as they heat water only as it flows through. This has boosted their adoption in both residential and commercial sectors. However, high initial costs continue to restrain the market to some extent. Ongoing R&D towards developing more affordable and efficient systems presents a key opportunity for market players. Integration of renewable energy sources like solar panels with tankless heaters also opens up new prospects. Additionally, growing construction spending on hotels, hospitals, and other commercial buildings bodes well for future sales.

Key Features of the Study:

This report provides in-depth analysis of the global tankless water heater market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global tankless water heater market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Rheem Manufacturing Company, Rinnai Corporation, O. Smith, Noritz America Corp., Ariston Thermo Group, Kyungdong Navien Co. Ltd., Stiebel Eltron GmbH & Co. KG, Bradford White Corp., Haier Electronics Group Co Ltd., Bajaj Electricals Ltd, Robert Bosch LLC, Navien Inc., Eccotemp Systems, LLC, Chronomite Laboratories Inc., Intellihot, Stiebel Eltron, Niagara Industries Inc., Vordosch, and Zanskar
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global tankless water heater market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Detailed Segmentation-

By Type:
- Gas-Fired Tankless
- Electric Tankless
By End-User:
- Residential
- Commercial
- Industrial
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Rheem Manufacturing Company
- Rinnai Corporation
- O. Smith
- Noritz America Corp.
- Ariston Thermo Group
- Kyungdong Navien Co. Ltd.
- Stiebel Eltron GmbH & Co. KG
- Bradford White Corp.
- Haier Electronics Group Co Ltd.
- Bajaj Electricals Ltd
- Robert Bosch LLC
- Navien Inc.
- Eccotemp Systems, LLC
- Chronomite Laboratories Inc.
- Intellihot
- Stiebel Eltron
- Niagara Industries Inc.
- Vordosch
- Zanskar

Product Code: CMI3358

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By End-User
- Market Snippet, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Tankless Water Heater Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Tankless Water Heater Market
Impact Analysis

5. Global Tankless Water Heater Market, By Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Gas-Fired Tankless
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Electric Tankless
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Tankless Water Heater Market, By End-User, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Residential
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Commercial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Tankless Water Heater Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-User, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By End-User, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-User, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-User, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-User, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Rheem Manufacturing Company
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Rinnai Corporation
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- O. Smith
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Noritz America Corp.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Ariston Thermo Group
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Kyungdong Navien Co. Ltd.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Stiebel Eltron GmbH & Co. KG
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Bradford White Corp.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Haier Electronics Group Co Ltd.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Bajaj Electricals Ltd
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Robert Bosch LLC
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Navien Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Eccotemp Systems, LLC
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Chronomite Laboratories Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Intellihot
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Stiebel Eltron
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Niagara Industries Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Vordosch
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Zanskar
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
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