Global Tankless Water Heaters Market to Reach $9.4 Billion by 2030
The global market for Tankless Water Heaters estimated at US$6.5 Billion in the year 2022, is projected to reach a revised size of US$9.4 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030. Condensing, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$6.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Non-Condensing segment is readjusted to a revised 3.3% CAGR for the next 8-year period.The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 8.4% CAGR
The Tankless Water Heaters market in the U.S. is estimated at US$1.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 8.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.8% and 5.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR.Select Competitors (Total 46 Featured) -
- Ecosmart US LLC
- Eemax Inc.
- Freeman Gas & Electric Company Inc.
- Furnace AC Direct
- Global Product Solutions
- Heatworks
- Intellihot Inc.
- Kellermeier Plumbing & Heating
- Mike Counsil Plumbing and Rooter
- Navien, Inc.
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ecosmart US LLC
- Eemax Inc.
- Freeman Gas & Electric Company Inc.
- Furnace AC Direct
- Global Product Solutions
- Heatworks
- Intellihot Inc.
- Kellermeier Plumbing & Heating
- Mike Counsil Plumbing and Rooter
- Navien, Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 296 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 6.5 Billion |
Forecasted Market Value ( USD | $ 9.4 Billion |
Compound Annual Growth Rate | 4.7% |
Regions Covered | Global |