Global Tankless Water Heater Market is Expected to Grow at a CAGR of 5.0 Percent during the Forecast period 2016-2024
According to Goldstein Research, Global tankless water heater market is expected to grow at a CAGR of 5.0% over the forecast period 2016-2024 from USD 16.9 billion in 2016. Global Tankless water heater provides space effectiveness and easy installation with low operation & maintenance cost. Availability of the replaceable parts, long durability and energy efficiency are key factors to increase the market demand of tankless water heater. Tankless water heater market segmentation has been done on the basis of product type, installation, technology, end-user and geography. 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% mar...