Segmentation - Tankless Water Heater Market

Tankless water heater is a sort of water heater which does not store hot water in tanks and heats the water instantly by using heat exchanger coils made of copper. It provides an economical solution for energy savings as it heats water only on demand unlike conventional water heaters which store hot water. On basis of energy source used for heating the coils, they can be bifurcated into electric and gas. The surge in demand for advance home appliances in luxurious residential buildings has propelled growth of the global tankless water heater market in recent times.

Market Dynamics

Tankless water heater market is majorly driven by growth of end-use industries such as construction coupled with increasing usage of flooring tool in these industries. On the basis of location, in 2021, indoor segment accounted for the largest market share of 76.3% in terms of revenue, followed by outdoor. Tankless water heaters are more compact than traditional storage water heaters as a result of which they are widely preferred in indoor sections of buildings.

Furthermore, growing commercial sector, increasing disposable income, changing trends in home furnishing, and lifestyle are the factors that are expected to fuel demand for construction activities, which is further expected to drive growth of the tankless water heater market in Europe over the forecast period.

Global tankless water heater market was estimated at US$ 21.66 Billion in 2021, owing to the higher energy saving potential of tankless water heaters. Furthermore, they provide a continuous flow of water supply and are more compactly designed as compared to the standard storage water tanks on account of which they are vastly preferred in the indoors.

On the basis of region, Europe has accounted for a substantial market share in 2021, owing to the rising demand for energy efficient systems in hotels and corporate offices. Consumers are now more inclined towards using economical energy saving water heater systems, in both residential and commercial sector. This scenario is expected to fuel demand for tankless water heaters in the Europe region.

Key features of the study:

This report provides an in-depth analysis of global tankless water heater market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, 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 overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Rheem Manufacturing Company, Rinnai Corporation, A. 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., and Bajaj Electricals Ltd
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
The global tankless water heater market report caters to various stakeholders in this industry including investors, suppliers, tankless water heater service providers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global tankless water heater market

Detailed Segmentation:

Global Tankless Water Heater Market, By Technology:
- Cloth Condensing
- Non-Condensing
Global Tankless Water Heater Market, By Energy Source:
- Electric
- Gas
Global Tankless Water Heater Market, By Energy Factor :
- 0 to 0.79 EF
- 0.80 to 0.89 EF
- 0.90 EF and Above
Global Tankless Water Heater Market, By Location:
- Indoor
- Outdoor
Global Tankless Water Heater Market, By End User:
- Residential
- Commercial
Global Tankless Water Heater Market, By Region:
- North America
  - By Country:
    - U.S.
    - Canada
- Latin America
  - By Country:
    - Brazil
    - Mexico
    - Argentina
    - Rest of Latin America
- Europe
  - By Country:
    - Germany
    - U.K.
    - France
    - Italy
    - Spain
    - Russia
    - Rest of Europe
- Asia Pacific
  - By Country:
    - China
    - India
    - Japan
    - Australia
    - South Korea
    - ASEAN
    - Rest of Asia Pacific
- Middle East & Africa
  - By Region:
    - Middle East
    - Africa
Company Profiles
- Rheem Manufacturing Company
  - Company Overview
  - Product Portfolio
  - Key Strategies
  - Recent Developments
  - Future Plans
- 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.

“*” marked represents similar segmentation in other categories in the respective section

Detailed Segmentation:

Global Tankless Water Heater Market, By Technology:

Cloth Condensing
Non-Condensing

Global Tankless Water Heater Market, By Energy Source:

Electric
Gas

Global Tankless Water Heater Market, By Energy Factor :

0 to 0.79 EF
0.80 to 0.89 EF
0.90 EF and Above

Global Tankless Water Heater Market, By Location:

Indoor
Outdoor

Global Tankless Water Heater Market, By End User:

Residential
Commercial

Global Tankless Water Heater Market, By Region:
- North America
  - By Technology:
    - Condensing
    - Non-Condensing
  - By Energy Source :
    - Electric
    - Gas
  - By Energy Factor:
    - 0 to 0.79 EF
    - 0.80 to 0.89 EF
    - 0.90 EF and Above
  - By Location:
    - Indoor
    - Outdoor
  - By End User:
    - Residential
    - Commercial
  - By Country:
    - U.S.
    - Canada
- Latin America
  - By Technology:
    - Condensing
    - Non-Condensing
  - By Energy Source :
    - Electric
    - Gas
  - By Energy Factor :
    - 0 to 0.79 EF
    - 0.80 to 0.89 EF
    - 0.90 EF and Above
  - By Location:
    - Indoor
    - Outdoor
  - By End User:
    - Residential
    - Commercial
  - By Country:
    - Brazil
    - Mexico
    - Argentina
    - Rest of Latin America
- Europe
  - By Technology:
    - Condensing
    - Non-Condensing
  - By Energy Source :
    - Electric
    - Gas
  - By Energy Factor :
    - 0 to 0.79 EF
    - 0.80 to 0.89 EF
    - 0.90 EF and Above
  - By Location:
    - Indoor
    - Outdoor
  - By End User:
    - Residential
    - Commercial
  - By Country:
    - Germany
    - U.K.
    - France
    - Italy
    - Spain
    - Russia
    - Rest of Europe
- Asia Pacific
  - By Technology:
    - Condensing
    - Non-Condensing
  - By Energy Source :
    - Electric
    - Gas
  - By Energy Factor :
    - 0 to 0.79 EF
    - 0.80 to 0.89 EF
    - 0.90 EF and Above
  - By Location:
    - Indoor
    - Outdoor
  - By End User:
    - Residential
    - Commercial
  - By Country:
    - China
    - India
    - Japan
    - Australia
    - South Korea
    - ASEAN
    - Rest of Asia Pacific
- Middle East & Africa
  - By Technology:
    - Condensing
    - Non-Condensing
  - By Energy Source :
    - Electric
    - Gas
  - By Energy Factor :
    - 0 to 0.79 EF
    - 0.80 to 0.89 EF
    - 0.90 EF and Above
  - By Location:
    - Indoor
    - Outdoor
  - By End User:
    - Residential
    - Commercial
  - By Region:
    - Middle East
    - Africa

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