Global Electric Tankless Water Heaters Market Augmented by Energy Conservation Concerns

New York, USA, 2018-Dec-07 — /EPR Network/ —   According to Goldstein Research, Electric Tankless Water Heaters Market is expected to reach USD 11,230million by 2025, expanding at a CAGR of 5.24% over the forecast period, 2017-2025. The technological advancements to reduce energy consumption (reduced by 22%) in commercial and residential places are increasing the demand for electric tankless water heaters, thus propelling the growth of the market all over the globe. The market segmentation has been done on the basis of technology, installation site, end-user, distribution channel, and geography. Based on technology, Non-condensing technology based electric tankless water heaters have higher demand as is their functioning it pushes out hot gases out of the vent to avoid corrosion.

The market is dominated by Europe accounted for the largest market share of 37.1% in 2017owing high concerns towards sustainability and energy conservation, thus adapting different technologies towards reducing wastage and minimizing pollution.

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Market Segmentation

On the basis of our in-depth analysis, The market can be segmented as follows:

By Technology

  • Condensing
  • Non-Condensing

By Installation Site

  • Outdoor
  • Indoor

By End-User

  • Residential
  • Commercial
  • Industrial

By Distribution Channel

  • Online
  • Offline

By Region

  • North America
  • Europe
  • Middle East And Africa
  • Latin America
  • Asia Pacific

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“Global Electric Tankless Water Heaters Industry Analysis ” contains detailed overview of the global electric tankless water heaters market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by technology, installation site, end-user, distribution channel and geography.

The report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities andinvestments. The in-depth analysis of Electric Tankless Water Heaters Market Report will help the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the market discussed in the report are: Bosch GmbH, A.O. Smith Corporation, Bradford White Corporation, Rinnai Corporation, Hotter Electric, Atmor&Eemax, Nortiz Corporation, Inc., StiebelEltron, Rheem Manufacturing Company, Alpha Electric Co., etc.

Further, The market research report encompasses the major trends & growth opportunities, market dynamics and other growth factors. The industry analysis report also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. Report also includes the expert analysis which provides complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

 

Gas Tankless Water Heaters Market

The technological advancements for energy conservation concerns have led to development of tankless water heaters that works on the heat transfer principle, using gas or electricity and reducing the consumption of unnecessary energy unlike the case of traditional water heaters. In APAC region China and India tends to be the fastest growing markets at a CAGR of 5.33% and 5.39% respectively on the back of urbanization and huge construction activities.  Gas Tankless Water Heaters Market is set to reach USD 13,340 million by 2024, growing at a CAGR of 5.24% over the forecast period (2017-2025).

Tankless Water Heaters Market

Tankless Water Heater Market estimated at USD 16.9 billion in 2016, is estimated to grow at a CAGR of 5.0% over the forecast period 2016-2024. The development of innovative technologies on the back of energy conservation has led to invention of tankless water heaters using gas or electricity as a fuel, which works on the principle of heat transfer to eliminate the consumption of excess energy as compared to traditional water heaters i.e. they tends to save around 22% energy.  APAC Tankless Water Heaters Market is set to reach USD 2,800 million by 2024, growing at a CAGR of 5.49% over the forecast period (2016-2024). Where US Tankless Water Heaters Market is set to reach USD 3,059 million by 2024, growing at a CAGR of 5.31% over the forecast period (2017-2025).

 

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