Global Electric Tankless Water Heaters Market Tends to Grow at a CAGR of 5.24% during the Forecast Period (2017-2025)
According to Goldstein Research, Global electric tankless water heaters market is anticipated to grow at a CAGR of 5.24% over the forecast period 2017-2025 to reach USD 11,230 million by 2025. Global electric tankless water heaters market growth is propelled by the factors such as technological advancements to reduce energy consumption (reduced by 22%) in commercial and residential places that are increasing the demand for electric tankless water heaters all over the globe. Moreover, the rising e-commerce sector has further facilitated the supply of electric tankless water heaters. Electric tankless water heaters market segmentation has been done on the basis of technology, installation site, end user, distribution channel and geography. Global electric tankless water heaters market segmentation based on technology, witnesses non-condensing segment acquiring largest market share owing to low maintenance as compared to other heaters impacting increase in global demand. Electric tan...