Tankless Water Heater Market Size, Share, Trends & Forecast 2028

Summary

Report Description

The global tankless water heater market is driven by consumers’ concern over sustainable use of energy, technological advancement and increasing number of residential units. Tankless water heaters also known as instantaneous water heaters or demand technology water heaters, are the source of hot water when needed. Energy.gov states that tankless water heaters typically produce 2 to 5 gallons (7.6 to 15.2 liters) of hot water every minute. Tankless water heaters powered by gas have higher flow rates than those powered by electricity. However, there are times when even the largest gas-fired model is unable to provide enough hot water for numerous simultaneous usages in large households.

The market will expand as a result of shifting customer preferences toward smart appliances and significant investments in R&D, including the integration of smart technologies and new product improvements.

Additionally, it is anticipated that product development would offer up new possibilities for market expansion. For instance, EcoNet Smart Technology, which supports Wi-Fi connectivity, and other features offering system control, cost savings, and protection are included in Rheem's Prestige models. The development of carbon-neutral buildings included with the growth of smart cities and commercial infrastructure, are all fueling the market. Soon, market growth is predicted to be driven by ongoing technological advancement.

Sales of tankless water heaters are expected to increase as companies develop services and goods that are convenient and interoperable. In this market, reasonable pricing, ease of use, and rising acceptance may be seen.

The market for tankless water heater systems will also experience considerable expansion as traditional water heater units in commercial settings like hospitals, hotels, restaurants, beauty salons & spas, etc. are increasingly replaced by tankless water heating technology.

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Energy Saving Properties Are Fueling the Market Growth

As per energy.gov, demand technology water heaters can be 24%–34% more energy efficient than traditional storage tank water heaters for households using 41 gallons or less of hot water daily. For homes consuming a lot of hot water roughly 86 gallons per day, they can be 8%–14% more energy efficient. If a demand technology water heater is installed at each hot water outlet, energy can be significantly saved. The average amount of electricity bill saved by a tankless water heater is around USD100-200.

Long Life Expectancy is Fueling the Market Growth

A tankless water heater is more expensive to buy initially than a traditional storage water heater. Still, they often live longer and have lower operating and energy costs, making up for their higher original cost. The majority of tankless water heaters have a lifespan of over 20 years. They also feature pieces that are simple to swap out, adding many more years to their lifespan. Storage water heaters, on the other hand, endure 10 to 15 years.

Technological Advancement is Aiding the Market Growth

With consumers becoming more aware of the cutting-edge technologies available on the market, manufacturers are now concentrating on developing innovative products. For instance, Rinnai, a top producer of tankless water heaters, has integrated Amazon Alexa's compatibility with Rinnai products, enabling consumers to ask Alexa to switch on circulation, allowing the tankless water heating system to function. Additionally, it offers Google Wi-Fi connectivity for compatible products, enabling users to track the effectiveness of their tankless water heater recirculation system.

High Efficiency Rate of Condensing Water Heater is Driving the Market Growth

Over the anticipated term, a high growth rate is projected for the condensing segment. Condensing tankless water heaters, which are more prevalent in emerging nations than non-condensing tankless water heaters, are more energy efficient.

Key producers of water heaters will benefit from the high market concentration resulting from various government and corporate sectors concentrating on creating power plants that utilize renewable energy sources, such as solar and wind.

High Installation Cost is Hindering the Market Growth

Tankless water heaters are costlier to install than traditional water heaters. However, a variety of elements play specific roles in proper installation. These elements include the technology of fuel used, the environment, the needs of the local construction codes, and safety concerns, particularly those relating to the operation of gas-fired water heaters. Tankless heater installation typically costs between USD4,500 and USD6,500, with an average cost of roughly USD5,500. (Including the water heater, warranty, and tune-ups). The price of the tankless installation without the unit can range from USD1800 to USD3500, with an average of USD2650.

Labor rates are among major factors. An electric tankless water heater will probably cost somewhere around USD2,500, according to data from Energy Sage. This price covers both the equipment and the installation. The typical pricing point for a gas-powered system will be closer to USD3,500.

Market Segmentation

The global tankless water heater market is segmented based on technology, energy source, end-use, distribution channel, region, and competitional landscape. Based on technology, the market is further fragmented into condensing, non-condensing. Based on energy Source, the market is segmented into electric, gas. In terms of end-use, the market is divided into condominiums, salons/parlor, hotels & resorts, hospitals, residential, and others (colleges/universities, offices, etc.). Based on distribution channels, the market is segmented into hypermarkets/supermarkets, exclusive stores, multi-brand stores, online, and others (direct sales, distributor/channel sales, etc..). The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Company Profiles

Ariston Holding N.V., A.O. Smith, Bosch Thermotechnology Corp, Bradford White Corporation, GE Appliances, Rheem Manufacturing Company, Whirlpool Corporation, Rinnai Corporation, FERROLI S.p.A, Havells India Limited, are among the major market players in the global platform that lead the market growth of the global Tankless Water Heater market.

Attribute	Details
Base Year	2022
Historical Years	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Billion, Volume in Thousand Units and CAGR for 2018-2021 and 2023E-2028F
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	Technology Energy Source End-Use Distribution Channel Region
Regional Scope	North America, Europe, Asia-Pacific, Middle East & Africa and South America
Country Scope	United States, Canada, Mexico, Germany, France, United Kingdom, Italy, Spain, Netherland, Switzerland, China, India, Japan, South Korea, Australia, New Zealand, Thailand, Saudi Arabia, UAE, South Africa, Qatar, Kuwait, Brazil, Argentina, Colombia
Key Companies Profiled	Ariston Holding N.V., A.O. Smith Corporation, Bosch Thermotechnology GmbH, Bradford White Corporation, GE Appliances, Rheem Manufacturing Company, Whirlpool Corporation, Rinnai Corporation, FERROLI S.p.A, Havells India Limited, etc.
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail of customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, the global tankless water heater market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Tankless Water Heater Market, By Technology:

Condensing

o Non-Condensing

Tankless Water Heater Market, By Energy Source:

Electric
Gas

Tankless Water Heater Market, By End-Use:

Condominiums
Salons/Parlor
Hotels & Resorts
Hospitals
Residential
Others

Tankless Water Heater Market, By Distribution Channel:

Hypermarkets/Supermarkets
Exclusive Stores
Multi-brand Stores
Online
Others

Tankless Water Heater Market, By Region:

North America

United States
Canada
Mexico

Europe

France
Germany
United Kingdom
Italy
Spain
Netherlands
Switzerland

Asia-Pacific

China
India
Japan
South Korea
Australia
New Zealand
Thailand

Middle East & Africa

Saudi Arabia
South Africa
UAE
Qatar
Kuwait

South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global tankless water heater market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Tankless Water Heater Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Voice of Customer Analysis (B2C Model Analysis)

4.1. Sample Size Determination

4.2. Respondent Demographics

4.2.1. By Gender

4.2.2. By Age

4.2.3. By Occupation

4.3. Brand Awareness

4.4. Frequency of Usage

4.5. Factors Influencing Purchase Decision

4.6. Brand Satisfaction

4.7. Customer Satisfaction

4.8. Challenges Faced Post Purchase

5. Global Tankless Water Heater Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

5.2. Market Share & Forecast

5.2.1. By Technology Market Share Analysis (Condensing, Non-Condensing)

5.2.2. By Energy Source Market Share Analysis (Electric, Gas)

5.2.3. By End-Use Market Share Analysis (Condominiums, Salons/Parlor, Hotels & Resorts, Hospitals, Residential, Others (Colleges/Universities, Offices, etc))

5.2.4. By Distribution Channel Market Share Analysis (Hypermarkets/Supermarkets, Exclusive Stores, Multi-brand Stores, Online, Others (Direct Sales, Distributor/Channel Sales, etc.))

5.2.5. By Regional Market Share Analysis

5.2.5.1. Asia-Pacific Market Share Analysis

5.2.5.2. North America Market Share Analysis

5.2.5.3. Europe Market Share Analysis

5.2.5.4. Middle East & Africa Market Share Analysis

5.2.5.5. South America Market Share Analysis

5.2.6. By Company Market Share Analysis

5.3. Global Tankless Water Heater Market Mapping & Opportunity Assessment

5.3.1. By Technology Market Mapping & Opportunity Assessment

5.3.2. By Energy Source Market Mapping & Opportunity Assessment

5.3.3. By End-Use Market Mapping & Opportunity Assessment

5.3.4. By Distribution Channel Market Mapping & Opportunity Assessment

5.3.5. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Tankless Water Heater Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.1.2. By Volume

6.2. Market Share & Forecast

6.2.1. By Technology Market Share Analysis

6.2.2. By Energy Source Market Share Analysis

6.2.3. By End-Use Market Share Analysis

6.2.4. By Distribution Channel Market Share Analysis

6.2.5. By Country Market Share Analysis

6.2.5.1. China Tankless Water Heater Market Outlook

6.2.5.1.1. Market Size & Forecast

6.2.5.1.1.1. By Value

6.2.5.1.1.2. By Volume

6.2.5.1.2. Market Share & Forecast

6.2.5.1.2.1. By Technology Market Share Analysis

6.2.5.1.2.2. By Energy Source Market Share Analysis

6.2.5.1.2.3. By End-Use Market Share Analysis

6.2.5.1.2.4. By Distribution Channel Market Share Analysis

6.2.5.2. Japan Tankless Water Heater Market Outlook

6.2.5.2.1. Market Size & Forecast

6.2.5.2.1.1. By Value

6.2.5.2.1.2. By Volume

6.2.5.2.2. Market Share & Forecast

6.2.5.2.2.1. By Technology Market Share Analysis

6.2.5.2.2.2. By Energy Source Market Share Analysis

6.2.5.2.2.3. By End-Use Market Share Analysis

6.2.5.2.2.4. By Distribution Channel Market Share Analysis

6.2.5.3. India Tankless Water Heater Market Outlook

6.2.5.3.1. Market Size & Forecast

6.2.5.3.1.1. By Value

6.2.5.3.1.2. By Volume

6.2.5.3.2. Market Share & Forecast

6.2.5.3.2.1. By Technology Market Share Analysis

6.2.5.3.2.2. By Energy Source Market Share Analysis

6.2.5.3.2.3. By End-Use Market Share Analysis

6.2.5.3.2.4. By Distribution Channel Market Share Analysis

6.2.5.4. Australia Tankless Water Heater Market Outlook

6.2.5.4.1. Market Size & Forecast

6.2.5.4.1.1. By Value

6.2.5.4.1.2. By Volume

6.2.5.4.2. Market Share & Forecast

6.2.5.4.2.1. By Technology Market Share Analysis

6.2.5.4.2.2. By Energy Source Market Share Analysis

6.2.5.4.2.3. By End-Use Market Share Analysis

6.2.5.4.2.4. By Distribution Channel Market Share Analysis

6.2.5.5. New Zealand Tankless Water Heater Market Outlook

6.2.5.5.1. Market Size & Forecast

6.2.5.5.1.1. By Value

6.2.5.5.1.2. By Volume

6.2.5.5.2. Market Share & Forecast

6.2.5.5.2.1. By Technology Market Share Analysis

6.2.5.5.2.2. By Energy Source Market Share Analysis

6.2.5.5.2.3. By End-Use Market Share Analysis

6.2.5.5.2.4. By Distribution Channel Market Share Analysis

6.2.5.6. South Korea Tankless Water Heater Market Outlook

6.2.5.6.1. Market Size & Forecast

6.2.5.6.1.1. By Value

6.2.5.6.1.2. By Volume

6.2.5.6.2. Market Share & Forecast

6.2.5.6.2.1. By Technology Market Share Analysis

6.2.5.6.2.2. By Energy Source Market Share Analysis

6.2.5.6.2.3. By End-Use Market Share Analysis

6.2.5.6.2.4. By Distribution Channel Market Share Analysis

6.2.5.7. Thailand Tankless Water Heater Market Outlook

6.2.5.7.1. Market Size & Forecast

6.2.5.7.1.1. By Value

6.2.5.7.1.2. By Volume

6.2.5.7.2. Market Share & Forecast

6.2.5.7.2.1. By Technology Market Share Analysis

6.2.5.7.2.2. By Energy Source Market Share Analysis

6.2.5.7.2.3. By End-Use Market Share Analysis

6.2.5.7.2.4. By Distribution Channel Market Share Analysis

7. North America Tankless Water Heater Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.1.2. By Volume

7.2. Market Share & Forecast

7.2.1. By Technology Market Share Analysis

7.2.2. By Energy Source Market Share Analysis

7.2.3. By End-Use Market Share Analysis

7.2.4. By Distribution Channel Market Share Analysis

7.2.5. By Country Market Share Analysis

7.2.5.1. United States Tankless Water Heater Market Outlook

7.2.5.1.1. Market Size & Forecast

7.2.5.1.1.1. By Value

7.2.5.1.1.2. By Volume

7.2.5.1.2. Market Share & Forecast

7.2.5.1.2.1. By Technology Market Share Analysis

7.2.5.1.2.2. By Energy Source Market Share Analysis

7.2.5.1.2.3. By End-Use Market Share Analysis

7.2.5.1.2.4. By Distribution Channel Market Share Analysis

7.2.5.2. Canada Tankless Water Heater Market Outlook

7.2.5.2.1. Market Size & Forecast

7.2.5.2.1.1. By Value

7.2.5.2.1.2. By Volume

7.2.5.2.2. Market Share & Forecast

7.2.5.2.2.1. By Technology Market Share Analysis

7.2.5.2.2.2. By Energy Source Market Share Analysis

7.2.5.2.2.3. By End-Use Market Share Analysis

7.2.5.2.2.4. By Distribution Channel Market Share Analysis

7.2.5.3. Mexico Tankless Water Heater Market Outlook

7.2.5.3.1. Market Size & Forecast

7.2.5.3.1.1. By Value

7.2.5.3.1.2. By Volume

7.2.5.3.2. Market Share & Forecast

7.2.5.3.2.1. By Technology Market Share Analysis

7.2.5.3.2.2. By Energy Source Market Share Analysis

7.2.5.3.2.3. By End-Use Market Share Analysis

7.2.5.3.2.4. By Distribution Channel Market Share Analysis

8. Europe Tankless Water Heater Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.1.2. By Volume

8.2. Market Share & Forecast

8.2.1. By Technology Market Share Analysis

8.2.2. By Energy Source Market Share Analysis

8.2.3. By End-Use Market Share Analysis

8.2.4. By Distribution Channel Market Share Analysis

8.2.5. By Country Market Share Analysis

8.2.5.1. United Kingdom Tankless Water Heater Market Outlook

8.2.5.1.1. Market Size & Forecast

8.2.5.1.1.1. By Value

8.2.5.1.1.2. By Volume

8.2.5.1.2. Market Share & Forecast

8.2.5.1.2.1. By Technology Market Share Analysis

8.2.5.1.2.2. By Energy Source Market Share Analysis

8.2.5.1.2.3. By End-Use Market Share Analysis

8.2.5.1.2.4. By Distribution Channel Market Share Analysis

8.2.5.2. Germany Tankless Water Heater Market Outlook

8.2.5.2.1. Market Size & Forecast

8.2.5.2.1.1. By Value

8.2.5.2.1.2. By Volume

8.2.5.2.2. Market Share & Forecast

8.2.5.2.2.1. By Technology Market Share Analysis

8.2.5.2.2.2. By Energy Source Market Share Analysis

8.2.5.2.2.3. By End-Use Market Share Analysis

8.2.5.2.2.4. By Distribution Channel Market Share Analysis

8.2.5.3. France Tankless Water Heater Market Outlook

8.2.5.3.1. Market Size & Forecast

8.2.5.3.1.1. By Value

8.2.5.3.1.2. By Volume

8.2.5.3.2. Market Share & Forecast

8.2.5.3.2.1. By Technology Market Share Analysis

8.2.5.3.2.2. By Energy Source Market Share Analysis

8.2.5.3.2.3. By End-Use Market Share Analysis

8.2.5.3.2.4. By Distribution Channel Market Share Analysis

8.2.5.4. Spain Tankless Water Heater Market Outlook

8.2.5.4.1. Market Size & Forecast

8.2.5.4.1.1. By Value

8.2.5.4.1.2. By Volume

8.2.5.4.2. Market Share & Forecast

8.2.5.4.2.1. By Technology Market Share Analysis

8.2.5.4.2.2. By Energy Source Market Share Analysis

8.2.5.4.2.3. By End-Use Market Share Analysis

8.2.5.4.2.4. By Distribution Channel Market Share Analysis

8.2.5.5. Italy Tankless Water Heater Market Outlook

8.2.5.5.1. Market Size & Forecast

8.2.5.5.1.1. By Value

8.2.5.5.1.2. By Volume

8.2.5.5.2. Market Share & Forecast

8.2.5.5.2.1. By Technology Market Share Analysis

8.2.5.5.2.2. By Energy Source Market Share Analysis

8.2.5.5.2.3. By End-Use Market Share Analysis

8.2.5.5.2.4. By Distribution Channel Market Share Analysis

8.2.5.6. Netherlands Tankless Water Heater Market Outlook

8.2.5.6.1. Market Size & Forecast

8.2.5.6.1.1. By Value

8.2.5.6.1.2. By Volume

8.2.5.6.2. Market Share & Forecast

8.2.5.6.2.1. By Technology Market Share Analysis

8.2.5.6.2.2. By Energy Source Market Share Analysis

8.2.5.6.2.3. By End-Use Market Share Analysis

8.2.5.6.2.4. By Distribution Channel Market Share Analysis

8.2.5.7. Switzerland Tankless Water Heater Market Outlook

8.2.5.7.1. Market Size & Forecast

8.2.5.7.1.1. By Value

8.2.5.7.1.2. By Volume

8.2.5.7.2. Market Share & Forecast

8.2.5.7.2.1. By Technology Market Share Analysis

8.2.5.7.2.2. By Energy Source Market Share Analysis

8.2.5.7.2.3. By End-Use Market Share Analysis

8.2.5.7.2.4. By Distribution Channel Market Share Analysis

9. Middle East & Africa Tankless Water Heater Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.1.2. By Volume

9.2. Market Share & Forecast

9.2.1. By Technology Market Share Analysis

9.2.2. By Energy Source Market Share Analysis

9.2.3. By End-Use Market Share Analysis

9.2.4. By Distribution Channel Market Share Analysis

9.2.5. By Country Market Share Analysis

9.2.5.1. Saudi Arabia Tankless Water Heater Market Outlook

9.2.5.1.1. Market Size & Forecast

9.2.5.1.1.1. By Value

9.2.5.1.1.2. By Volume

9.2.5.1.2. Market Share & Forecast

9.2.5.1.2.1. By Technology Market Share Analysis

9.2.5.1.2.2. By Energy Source Market Share Analysis

9.2.5.1.2.3. By End-Use Market Share Analysis

9.2.5.1.2.4. By Distribution Channel Market Share Analysis

9.2.5.2. UAE Tankless Water Heater Market Outlook

9.2.5.2.1. Market Size & Forecast

9.2.5.2.1.1. By Value

9.2.5.2.1.2. By Volume

9.2.5.2.2. Market Share & Forecast

9.2.5.2.2.1. By Technology Market Share Analysis

9.2.5.2.2.2. By Energy Source Market Share Analysis

9.2.5.2.2.3. By End-Use Market Share Analysis

9.2.5.2.2.4. By Distribution Channel Market Share Analysis

9.2.5.3. Qatar Tankless Water Heater Market Outlook

9.2.5.3.1. Market Size & Forecast

9.2.5.3.1.1. By Value

9.2.5.3.1.2. By Volume

9.2.5.3.2. Market Share & Forecast

9.2.5.3.2.1. By Technology Market Share Analysis

9.2.5.3.2.2. By Energy Source Market Share Analysis

9.2.5.3.2.3. By End-Use Market Share Analysis

9.2.5.3.2.4. By Distribution Channel Market Share Analysis

9.2.5.4. Kuwait Tankless Water Heater Market Outlook

9.2.5.4.1. Market Size & Forecast

9.2.5.4.1.1. By Value

9.2.5.4.1.2. By Volume

9.2.5.4.2. Market Share & Forecast

9.2.5.4.2.1. By Technology Market Share Analysis

9.2.5.4.2.2. By Energy Source Market Share Analysis

9.2.5.4.2.3. By End-Use Market Share Analysis

9.2.5.4.2.4. By Distribution Channel Market Share Analysis

9.2.5.5. South Africa Tankless Water Heater Market Outlook

9.2.5.5.1. Market Size & Forecast

9.2.5.5.1.1. By Value

9.2.5.5.1.2. By Volume

9.2.5.5.2. Market Share & Forecast

9.2.5.5.2.1. By Technology Market Share Analysis

9.2.5.5.2.2. By Energy Source Market Share Analysis

9.2.5.5.2.3. By End-Use Market Share Analysis

9.2.5.5.2.4. By Distribution Channel Market Share Analysis

10. South America Tankless Water Heater Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.1.2. By Volume

10.2. Market Share & Forecast

10.2.1. By Technology Market Share Analysis

10.2.2. By Energy Source Market Share Analysis

10.2.3. By End-Use Market Share Analysis

10.2.4. By Distribution Channel Market Share Analysis

10.2.5. By Country Market Share Analysis

10.2.5.1. Brazil Tankless Water Heater Market Outlook

10.2.5.1.1. Market Size & Forecast

10.2.5.1.1.1. By Value

10.2.5.1.1.2. By Volume

10.2.5.1.2. Market Share & Forecast

10.2.5.1.2.1. By Technology Market Share Analysis

10.2.5.1.2.2. By Energy Source Market Share Analysis

10.2.5.1.2.3. By End-Use Market Share Analysis

10.2.5.1.2.4. By Distribution Channel Market Share Analysis

10.2.5.2. Argentina Tankless Water Heater Market Outlook

10.2.5.2.1. Market Size & Forecast

10.2.5.2.1.1. By Value

10.2.5.2.1.2. By Volume

10.2.5.2.2. Market Share & Forecast

10.2.5.2.2.1. By Technology Market Share Analysis

10.2.5.2.2.2. By Energy Source Market Share Analysis

10.2.5.2.2.3. By End-Use Market Share Analysis

10.2.5.2.2.4. By Distribution Channel Market Share Analysis

10.2.5.3. Colombia Tankless Water Heater Market Outlook

10.2.5.3.1. Market Size & Forecast

10.2.5.3.1.1. By Value

10.2.5.3.1.2. By Volume

10.2.5.3.2. Market Share & Forecast

10.2.5.3.2.1. By Technology Market Share Analysis

10.2.5.3.2.2. By Energy Source Market Share Analysis

10.2.5.3.2.3. By End-Use Market Share Analysis

10.2.5.3.2.4. By Distribution Channel Market Share Analysis

11. Market Dynamics

11.1. Drivers

11.1.1. Increasing Demand for Electric Water Heaters

11.1.2. Rising Focus for Energy Efficient Products

11.1.3. Increasing Tourism Sector

11.2. Challenges

11.2.1. High Installation & Maintenance Cost

11.2.2. Inconsistent Water Temperature

12. Impact of COVID-19 on Global Tankless Water Heater Market

12.1. Impact Assessment Model

12.1.1. Key Segments Impacted

12.1.2. Key Regions Impacted

12.1.3. Key Countries Impacted

12.1.4. Key Distribution Channel Impacted

13. Market Trends & Developments

13.1. Technological Advancement

13.2. Increasing Consumer Preference

13.3. Surge in Construction

13.4. Rapid Urbanization Leading to Changing Lifestyle

13.5. Increasing Investment In R&D

14. SWOT Analysis

14.1. Strengths

14.2. Weakness

14.3. Opportunities

14.4. Threats

15. Porter’s Five Forces Model

15.1. Competitive Rivalry

15.2. Bargaining Power of Buyer

15.3. Bargaining Power of Supplier

15.4. Threat of New Entrants

15.5. Threat of Substitutes

16. Import & Export Analysis

16.1. Import of Top 5 Countries

16.1.1. By Value

16.2. Export of Top 5 Countries

16.2.1. By Value

17. Competitive Landscape

17.1. Company Profiles

17.1.1. Ariston Holding N.V.

17.1.1.1. Company Details

17.1.1.2. Products & Services

17.1.1.3. Financial (As Reported)

17.1.1.4. Key Market Focus & Geographical Presence

17.1.1.5. Recent Development

17.1.1.6. Key Management Personnel

17.1.2. A.O. Smith Corporation

17.1.2.1. Company Details

17.1.2.2. Products & Services

17.1.2.3. Financial (As Reported)

17.1.2.4. Key Market Focus & Geographical Presence

17.1.2.5. Recent Development

17.1.2.6. Key Management Personnel

17.1.3. Bosch Thermotechnology GmbH

17.1.3.1. Company Details

17.1.3.2. Products & Services

17.1.3.3. Financial (As Reported)

17.1.3.4. Key Market Focus & Geographical Presence

17.1.3.5. Recent Development

17.1.3.6. Key Management Personnel

17.1.4. Bradford White Corporation

17.1.4.1. Company Details

17.1.4.2. Products & Services

17.1.4.3. Financial (As Reported)

17.1.4.4. Key Market Focus & Geographical Presence

17.1.4.5. Recent Development

17.1.4.6. Key Management Personnel

17.1.5. General Electric Company

17.1.5.1. Company Details

17.1.5.2. Products & Services

17.1.5.3. Financial (As Reported)

17.1.5.4. Key Market Focus & Geographical Presence

17.1.5.5. Recent Development

17.1.5.6. Key Management Personnel

17.1.6. Rheem Manufacturing Company

17.1.6.1. Company Details

17.1.6.2. Products & Services

17.1.6.3. Financial (As Reported)

17.1.6.4. Key Market Focus & Geographical Presence

17.1.6.5. Recent Development

17.1.6.6. Key Management Personnel

17.1.7. Whirlpool Corporation

17.1.7.1. Company Details

17.1.7.2. Products & Services

17.1.7.3. Financial (As Reported)

17.1.7.4. Key Market Focus & Geographical Presence

17.1.7.5. Recent Development

17.1.7.6. Key Management Personnel

17.1.8. Rinnai Corporation

17.1.8.1. Company Details

17.1.8.2. Products & Services

17.1.8.3. Financial (As Reported)

17.1.8.4. Key Market Focus & Geographical Presence

17.1.8.5. Recent Development

17.1.8.6. Key Management Personnel

17.1.9. FERROLI S.p.A

17.1.9.1. Company Details

17.1.9.2. Products & Services

17.1.9.3. Financial (As Reported)

17.1.9.4. Key Market Focus & Geographical Presence

17.1.9.5. Recent Development

17.1.9.6. Key Management Personnel

17.1.10. Havells India Limited

17.1.10.1. Company Details

17.1.10.2. Products & Services

17.1.10.3. Financial (As Reported)

17.1.10.4. Key Market Focus & Geographical Presence

17.1.10.5. Recent Development

17.1.10.6. Key Management Personnel

18. Strategic Recommendations/Action Plan

18.1. Key Focus Areas

18.2. Target Regions & Countries

18.3. Target Technology

18.4. Target Energy Source

Figures and Tables

Frequently asked questions

Which are the top companies offering tankless water heating systems?

The top companies operating in the market are Ariston Holding N.V., A.O. Smith Corporation, Bosch Thermotechnology GmbH, Bradford White Corporation, GE Appliances, Rheem Manufacturing Company, Whirlpool Corporation, Rinnai Corporation, FERROLI S.p.A, Havells India Limited.

What segments are covered in the tankless water heater market Report?

The global tankless water heater is segmented into technology, energy source, end use, distribution channel and region.

What is the downside of a tankless water heater?

Tankless water heaters are more expensive in addition to complex installation. Furthermore, they sometimes may offer inconsistent water temperature.

What is the life expectancy of a tankless water heater?

A tankless water heater may last up to 20 years with proper maintenance. The tankless water heater has a 12- to 15-year warranty if it features a copper tankless heat exchanger. Its lifespan is extended using a stainless-steel heat exchanger. A tankless water heater with a stainless-steel heat exchanger often comes with a 15- to 25-year warranty.

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Parvati Sharma

Account Manager BD

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Press Release

Electric Water Heater Demand to Boost Tankless Water Heater Market Growth During the Forecast Period

Nov, 2022

Rising infrastructural activities and increasing technology advancements such as water heaters incorporated with Wi-Fi is driving the global tankless water heater market.

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