The global tankless water heater market size was valued at $2.8 billion in 2018 and expanded at a CAGR of 7% during the forecast period.
The heating component in a tankless water heater can be a gas-fired burner using natural gas or electric resistance heating coils. In electric tankless water heaters, the heating element converts the electrical energy and is placed in contact with the water to transfer heat directly into the flow. Moreover, in gas tankless water heaters, the hot combustion gases are transferred to the water by the heating elements in the form of heat exchangers. A tankless water heater is comprised of a flow sensing device that activates when a hot water tap is turned on and the required flow rate to activate the heater is reached. Once activated, the water rolling through the heater is heated to provide a constant amount of hot water.
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The companies involved in the global tankless water heater market include Bradley Corp., Alpha Electric Co., Chronomite, Inc., Hubbell, Inc., EZ Tankless, Inc., and Stiebel Eltron GmbH.
Global Tankless Water Heater Market- Segmentation
By Energy Source
- Electric Tankless Water Heater
- Gas Tankless Water Heater
By End-User
- Residential
- Commercial
- Industrial
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Scope of the Report
The research study analyzes the global Tankless Water Heater industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Tankless Water Heater Market Report
1. What was the Tankless Water Heater Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Tankless Water Heater Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Tankless Water Heater Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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