Tankless Water Heater is a kind of heater which
provides warm water without a tank. It has mini-assembly of boiler coils 36”
less or high which enables on demand or endless quantity of warm water. It
stores the water inside the coils and it is more energy efficient as compared
to conventional storage water heaters. In addition to this, light weight in
nature and government subsidy on various efficient electronic equipment in
various countries are few of the reason that would escalate the demand for the tankless
water heaters in near future.
Riding on these factors, the Global Tankless Water Heater market is anticipated to grow at a
compound annual growth rate (CAGR) of 9.3% during forecasted period 2015-2023.
Market
Segmentation
By Features
Based on Features, the global Tankless Water Heater
market is divided into following:
Energy Star
Digital Display
Remote Control
By Technology
Based on Technology, the global Tankless Water Heater
market is divided into following:
Low NOx
Ultra-Low NOx
By Fuel Type
Based on Fuel type, the global Tankless Water Heater
market is divided into following:
Natural Gas
Propane
By Location
Based on Location, the global Tankless Water Heater
market is divided into following:
Indoor
Outdoor
Direct vent (horizontal and vertical vent) tankless
water heater
By Energy Factor
Based on Energy Factor, the global Tankless Water
Heater market is divided into following:
0.90+ EF
0.80 - 0.89 EF
- 0.79 EF
By Weight
Based on Weight, the global Tankless Water Heater
market is divided into following:
75+ lbs
50 - 74 lbs
0 - 49 lbs
By Product Type
Based on Product Type, the global Tankless Water
Heater market is divided into following:
Electric Tankless water heaters
Gas Tankless water heaters
By End User
Based on End User, the global Tankless Water Heater
market is divided into following:
Domestic Tankless Water Heaters
Commercial Tankless Water Heaters
By Region
On the basis of region the global tankless water
heater market is segmented into
North America
Latin America
Western And Eastern Europe
Asia-Pacific
Middle East And North Africa
Row (Rest Of World)
Growth
Drivers and challenges
Factors like shift in consumers taste and preference,
spiked adoption of eco-friendly equipment, inclination towards using efficient
heaters, longing to use electric devices with more technological advanced
features and user controls etc. are some of the major factors which are
expected to drive the demand for global tankless water heater market in the
upcoming years.
In addition to that, continuous increase in urban
population and personal disposable income across the globe are projected to
drive the global tankless water heater market during next 5-6 years.
However, formulation of stringent energy efficiency
regulations is likely to hamper the growth of global tankless water heater
market for the forecast period.
Further, rising energy fuel demand is anticipated to
increase global average gas price in future and can be a major challenge for
the global tankless water heater market in future.
Market Size
and Forecast
Globally, Asia-Pacific has the largest market share as
compared to other regions. Asia-Pacific tankless water heater market is
projected to grow at a CAGR of 8.3% over the forecasted period. At present,
countries like China, India, Japan has the major market growth in Asia Pacific
region.
North
America tankless water heater
market is expected to grow at a CAGR of 9.5% over the period 2015-2023.
In Europe, the electric tankless water heater sales
are at steady rate and sales of gas tankless water heater are on a continuous
fall. Across many countries in the European region, Germany is the major market
in the Europe region at present followed by U.K.
Key players
Bosch
Noritz Corporation
Rinnai
A.O. Smith Corporation
Bradford White Corporation
Rheem Manufacturing Company
Scope and Context
Overview of the Parent Market
Analyst View
Market Size and Growth
North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of Latin America)
Western and Eastern Europe (Germany, Italy, Spain,
France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of
Eastern Europe)
Asia-Pacific (China, India, Singapore, Japan,
Australia & New Zealand & Rest of Asia)
Middle East and North Africa (MENA)
Rest of World
Segmentation
By Product Type
By End User
By Technolo0gy
By Weight
By Location
By Fuel Type
By Energy Factor
By Features
By Region
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their
Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in
current dynamic environment
To know more about this research, kindly
visit: http://www.researchnester.com/reports/global-tankless-water-heater-market-analysis-opportunity-outlook-2021/107
For Table of Content & Free Sample Report Contact:
Ajay Daniel
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ajay.daniel@researchnester.com
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