Global Tankless Water Heater Market is Expected to Grow at a CAGR of 5.0 Percent during the Forecast period 2016-2024
Electric Tankless water heater with temperature limiting controlled (TLC) device becoming more popular. Key market players are investing in developing innovative products which is likely to increase the market competitiveness and eventually will boost the demand for tankless water heater. Tankless water heater market is largely dominated by North America and is expected to have more than 45% market share of global tankless water heater by the end of 2024.Asia Pacific region is likely to grow at much faster rate than other regions in near future, at a CAGR of 5.4% during forecast period. At present, countries like China, India, Japan has potential market growth in Asia Pacific region.
Market Segmentation
On the basis of our in-depth analysis, Global Tankless Water Heater Market can be segmented and sub-segmented as follows:
Tankless Water Heater Market, Based on Product Type
- Gas Tankless Water Heater
- Electric Tankless Water Heater
Tankless Water Heater Market, Based on Installation
- Indoor Tankless Water Heater
- Outdoor Tankless Water Heater
Tankless Water Heater Market, Based on Technology
- Condensing Technology
- Non- Condensing Technology
Tankless Water Heater Market, Based on End-User
- Residential
- Commercial
Tankless Water Heater Market, By Region
- North America (United States Tankless Water Heater Market, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
- Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Asia Pacific Tankless Water Heater Market (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
“Tankless Water Heater Market” contains a detailed overview of the global tankless water heater market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, installation,
Further, for the in-depth analysis, Global Tankless Water Heater Market Report technology and end-user encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
This industry analysis report also includes competitive outlook of some of the major players profiling of companies such as A.O. Smith Corporation, Bosch, Noritz Corporation, Rinnai Corporation, Bradford White Corporation, Rheem Manufacturing Company, General Electric, Havells, ATMOR, StiebelEltron GmbH & Co. KG., Kyungdong Navien Co.,Ltd., Haier Electronics Group Co, Ltd, Bajaj Electricals Ltd., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Objective of Report:
- To analyze and forecast market size Tankless Water Heater Market..
- To calculate the expected growth rate of Tankless Water Heater Market.
- To classify and forecast Tankless Water Heater Market based on product type, Installation Technology, end user, region
- To identify market Key Players, driving factors, & trends of Tankless Water Heater Market with the help of SWOT Analysis.
- To identify and analyze the profiles of leading players involved in the manufacturing and supplying of Tankless Water Heater Market.
- To identify market opportunities for the existing and entry level players.
Overall, the report represents the global tankless water heater market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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