Global Electric Tankless Water Heater Market Size, Demand, Opportunity & Growth Outlook 2023

  • ID: 4326512
  • Report
  • Region: Global
  • 226 pages
  • Research Nester Pvt. Ltd
1 of 4
Global Electric Tankless Water Heater Market to Generate Revenue of USD 1,414.8 Million by 2023

FEATURED COMPANIES

  • A.O. Smith Corporation
  • Alpha Electric Co.
  • Atmor & Eemax, Inc.
  • Bosch GmbH
  • Noritz Corporation
  • Rinnai Corporation
  • MORE
The global electric tankless water heater market is flourishing due to the rising demand for energy efficient and technologically advanced home appliance. The increasing number of luxury residential societies has been witnessed across the globe. Further, the rising luxury residential societies are adopting technologically updated home appliances such as electric tankless water heaters.

The electric tankless water heater market is expected to expand at a CAGR of 6.19% during the forecast period of 2016-2023. Rising demand for energy saving and advanced home appliances is the one of the major factors which is driving the growth of electric tankless water heater market across the globe.

Geographically, Europe dominated the global electric tankless water heater market with a revenue contribution of 50.4% in 2016 followed by Asia-Pacific and North-America. Expansion of corporates, hotels and residential sector across the European region is expected to bolster the demand for electric tankless water heaters. The rising demand for energy efficient appliances from the end-use industries is expected to spur the growth of electric tankless water heater market over the forecast period. Asia-Pacific electric tankless water heater market is likely to contribute 32.6% by 2023. The electric tankless water heater market in Asia-Pacific region is expected to receive a huge support from rapid urbanization and rising demand for energy efficient water heaters.

North America is expected to expand at a CAGR of 9.93% over the forecast period and anticipated to garner revenue of USD 213.2 Million by 2023. The presence of large number of electric tankless water heater players in North America such as A.O. Smith, Stiebel Eltron, and others is positively increasing the manufacturing of electric tankless water heaters. On the other hand by application, residential is likely to mark a highest share in the total revenue of global electric tankless water heater market by 2023.

Rapid urbanization in economies such as U.S., China, Australia, and others is driving the growth of global electric tankless water heater market. Population in urban areas is shifting towards smart and advance technological home appliances. This changing lifestyle of the population living in urban cities is likely to increase the demand for electric tankless water heaters over the forecast period. Further, technological advancement such as low running cost and long life span of electric tankless water heaters are fuelling the growth of this market.

Apart from this, advantages of electric tankless water heater over conventional heaters such as low space utilization, high energy efficiency, and superior service life is driving the demand for electric tankless water heater across the globe. Further, the hospitality sector including hotels, restaurants and hospitals are inclining towards electric tankless water heaters to minimize the operational cost of heating solutions. The requirement of hot water in various other industries such as manufacturing, oil & gas and others is raising the demand for electric tankless water heaters.

However, the cost of electric tankless water heaters is much more as compared to conventional storage water heaters. The high cost of these heaters is hindering the growth of the electric tankless water heater. Further, lack of awareness about the benefits of electric tankless waters heaters among the population is also hampering the market growth in under-developed nations. Moreover, various government regulations such as legacy standards, quality control and inspection, quality of raw material used for manufacturing of electric tankless water heaters is increasing the companies spending on the development of energy efficient tankless water heaters. This is further increasing the cost of tankless water heaters and challenging the market growth.
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • A.O. Smith Corporation
  • Alpha Electric Co.
  • Atmor & Eemax, Inc.
  • Bosch GmbH
  • Noritz Corporation
  • Rinnai Corporation
  • MORE
1. Executive Summary

2. Research Methodology

3. Risk Analysis
3.1 Demand Risk
3.2 Supply Risk

4. Global Electric Tankless Water Heater Market Size and Forecast, 2016-2023

5. Market Dynamics & Its Impact Analysis
5.1 Growth Drivers
5.2 Challenges
5.3 Trends

6. Global Electric Tankless Water Heater Market Segmentation Analysis
6.1. Global Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Application Type- 2016-2023
6.1.1. Global Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), By Residential Sector-2016-2023
6.1.2. Global Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), By Commercial Sector-2016-2023
6.1.3. Global Electric Tankless Water Heater Market Attractiveness-By End-user, 2016-2023
6.1.4. Global Electric Tankless Water Heater Market BPS Analysis-By End-user, 2016-2023
6.2. Global Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Setup Location Type- 2016-2023
6.2.1. Global Indoor Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%) - 2016-2023
6.2.2. Global Outdoor Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%) - 2016-2023
6.2.3. Global Electric Tankless Water Heater Market Attractiveness-By Setup Location Type, 2016-2023
6.2.4. Global Electric Tankless Water Heater Market BPS Analysis-By Setup Location Type, 2016-2023
6.3. Global Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Features- 2016-2023
6.3.1. Global Manual Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.3.2. Global Remote Control Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.3.3. Global Electric Tankless Water Heater Market Attractiveness-By Features, 2016-2023
6.3.4. Global Electric Tankless Water Heater Market BPS Analysis-By Features, 2016-2023
6.4. By Region Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
6.4.1. North-America Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), By Region- 2016-2023
6.4.1.1. North-America Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Country- 2016-2023
6.4.1.1.1. U.S. Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.1.1.2. Canada Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.1.1.3. North-America Electric Tankless Water Heater Market Attractiveness-By Country, 2016-2023
6.4.1.1.4. North-America Electric Tankless Water Heater Market BPS Analysis-By Country, 2016-2023
6.4.1.2. North-America Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Application Type- 2016-2023
6.4.1.2.1. North-America Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), By Residential Sector-2016-2023
6.4.1.2.2. North-America Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), By Commercial Sector-2016-2023
6.4.1.2.3. North-America Electric Tankless Water Heater Market Attractiveness-By Application Type, 2016-2023
6.4.1.2.4. North-America Electric Tankless Water Heater Market BPS Analysis-By Application Type, 2016-2023
6.4.1.3. North-America Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Setup Location Type- 2016-2023
6.4.1.3.1. North-America Indoor Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%) - 2016-2023
6.4.1.3.2. North-America Outdoor Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%) - 2016-2023
6.4.1.3.3. North-America Electric Tankless Water Heater Market Attractiveness- By Setup Location Type- 2016-2023
6.4.1.3.4. North-America Electric Tankless Water Heater Market BPS Analysis-By Setup Location Type, 2016-2023
6.4.1.4. North-America Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Features 2016-2023
6.4.1.4.1. North-America Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), By Manual Control-2016-2023
6.4.1.4.2. North-America Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), By Remote Control-2016-2023
6.4.1.4.3. North-America Electric Tankless Water Heater Market Attractiveness-By Features, 2016-2023
6.4.1.4.4. North-America Electric Tankless Water Heater Market BPS Analysis-By Features, 2016-2023
6.4.2. Latin-America Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), By Region- 2016-2023
6.4.2.1. Latin-America Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Country- 2016-2023
6.4.2.1.1. Mexico Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.2.1.2. Brazil Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.2.1.3. Rest of Latin-America Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.2.1.4. Latin-America Electric Tankless Water Heater Market Attractiveness-By Country, 2016-2023
6.4.2.1.5. Latin-America Electric Tankless Water Heater Market BPS Analysis-By Country, 2016-2023
6.4.2.2. Latin-America Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Application Type- 2016-2023
6.4.2.2.1. Latin-America Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), By Residential Sector-2016-2023
6.4.2.2.2. Latin-America Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), By Commercial Sector-2016-2023
6.4.2.2.3. Latin-America Electric Tankless Water Heater Market Attractiveness-By Application Type, 2016-2023
6.4.2.2.4. Latin-America Electric Tankless Water Heater Market BPS Analysis-By Application Type, 2016-2023
6.4.2.3. Latin-America Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Setup Location- 2016-2023
6.4.2.3.1. Latin-America Indoor Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.2.3.2. Latin-America Outdoor Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.2.3.3. Latin-America Electric Tankless Water Heater Market Attractiveness-By Setup Location, 2016-2023
6.4.2.3.4. Latin-America Electric Tankless Water Heater Market BPS Analysis-By Setup Location, 2016-2023
6.4.2.4. Latin-America Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Features- 2016-2023
6.4.2.4.1. Latin-America Manual Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.2.4.2. Latin-America Remote Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.2.4.3. Latin-America Electric Tankless Water Heater Market Attractiveness-By Features, 2016-2023
6.4.2.4.4. Latin-America Electric Tankless Water Heater Market BPS Analysis-By Features, 2016-2023
6.4.3. Europe Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), By Region- 2016-2023
6.4.3.1. Europe Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Country- 2016-2023
6.4.3.1.1. UK Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.3.1.2. Germany Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.3.1.3. France Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.3.1.4. Italy Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.3.1.5. Spain Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.3.1.6. Hungary Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.3.1.7. BENELUX Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.3.1.8. Russia Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.3.1.9. Poland Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.3.1.10. Rest of Europe Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.3.1.11. Europe Electric Tankless Water Heater Market Attractiveness-By Country, 2016-2023
6.4.3.1.12. Europe Electric Tankless Water Heater Market BPS Analysis-By Country, 2016-2023
6.4.3.2. Europe Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Application Type- 2016-2023
6.4.3.2.1. Europe Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), By Residential Sector-2016-2023
6.4.3.2.2. Europe Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), By Commercial Sector-2016-2023
6.4.3.2.3. Europe Electric Tankless Water Heater Market Attractiveness-By Application Type, 2016-2023
6.4.3.2.4. Europe Electric Tankless Water Heater Market BPS Analysis-By Application Type, 2016-2023
6.4.3.3. Europe Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Setup Location- 2016-2023
6.4.3.3.1. Europe Indoor Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.3.3.2. Europe Outdoor Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.3.3.3. Europe Electric Tankless Water Heater Market Attractiveness-By Setup Location, 2016-2023
6.4.3.3.4. Europe Electric Tankless Water Heater Market BPS Analysis-By Setup Location, 2016-2023
6.4.3.4. Europe Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Features- 2016-2023
6.4.3.4.1. Europe Manual Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.3.4.2. Europe Remote Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.3.4.3. Europe Electric Tankless Water Heater Market Attractiveness-By Features, 2016-2023
6.4.3.4.4. Europe Electric Tankless Water Heater Market BPS Analysis-By Features, 2016-2023
6.4.4. Asia-Pacific Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), By Region- 2016-2023
6.4.4.1. Asia-Pacific Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Country- 2016-2023
6.4.4.1.1. India Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.4.1.2. Singapore Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.4.1.3 China Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.4.1.4 Japan Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.4.1.5. Australia Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.4.1.6. New Zealand Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.4.1.7. South Korea Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.4.1.8. Rest of Asia-Pacific Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.4.1.9. Asia-Pacific Electric Tankless Water Heater Market Attractiveness-By Country, 2016-2023
6.3.4.1.10. Asia-Pacific Electric Tankless Water Heater Market BPS Analysis-By Country, 2016-2023
6.4.4.2. Asia-Pacific Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Application- 2016-2023
6.4.4.2.1. Asia-Pacific Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), By Residential Sector-2016-2023
6.4.4.2.2. Asia-Pacific Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), By Commercial Sector-2016-2023
6.4.4.2.3. Asia-Pacific Electric Tankless Water Heater Market Attractiveness-By Application, 2016-2023
6.4.4.2.4. Asia-Pacific Electric Tankless Water Heater Market BPS Analysis-By Application, 2016-2023
6.4.4.3. Asia-Pacific Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Setup Location-2016-2023
6.4.4.3.1. Asia-Pacific Indoor Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.4.3.2. Asia-Pacific Outdoor Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.4.3.3. Asia-Pacific Electric Tankless Water Heater Market Attractiveness-By Setup Location, 2016-2023
6.4.4.3.4. Asia-Pacific Electric Tankless Water Heater Market BPS Analysis-By Setup Location, 2016-2023
6.4.4.4. Asia-Pacific Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Features-2016-2023
6.4.4.4.1. Asia-Pacific Manual Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.4.4.2. Asia-Pacific Remote Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.4.4.3. Asia-Pacific Electric Tankless Water Heater Market Attractiveness-By Features, 2016-2023
6.4.4.4.4. Asia-Pacific Electric Tankless Water Heater Market BPS Analysis-By Features, 2016-2023
6.4.5. Middle East & Africa Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), By Region- 2016-2023
6.4.5.1. Middle East & Africa Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Country- 2016-2023
6.4.5.1.1 GCC Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.5.1.2 Africa Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.5.1.3 Rest of Middle East & Africa Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.5.1.4 Middle East & Africa Electric Tankless Water Heater Market Attractiveness-By Country, 2016-2023
6.4.5.1.5 Middle East & Africa Electric Tankless Water Heater Market BPS Analysis-By Country, 2016-2023
6.4.5.2. Middle East & Africa Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Application Type- 2016-2023
6.4.5.2.1. Middle East & Africa Residential Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%) - 2016-2023
6.4.5.2.2. Middle East & Africa Commercial Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%) - 2016-2023
6.4.5.2.3. Middle East & Africa Electric Tankless Water Heater Market Attractiveness-By Application Type, 2016-2023
6.4.5.2.4. Middle East & Africa Electric Tankless Water Heater Market BPS Analysis-By Application Type, 2016-2023
6.4.5.3. Middle East & Africa Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Setup Location-2016-2023
6.4.5.3.1. Middle East & Africa Indoor Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.5.3.2. Middle East & Africa Outdoor Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.5.3.3. Middle East & Africa Electric Tankless Water Heater Market Attractiveness-By Setup Location, 2016-2023
6.4.5.3.4. Middle East & Africa Electric Tankless Water Heater Market BPS Analysis-By Setup Location, 2016-2023
6.3.5.4. Middle East & Africa Electric Tankless Water Heater Market Size (USD Million) & CAGR (%), By Features-2016-2023
6.4.5.4.1. Middle East & Africa Manual Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.5.4.2. Middle East & Africa Remote Electric Tankless Water Heater Market Size (USD Million) & Y-O-Y growth (%), 2016-2023
6.4.5.4.3. Middle East & Africa Electric Tankless Water Heater Market Attractiveness-By Features, 2016-2023
6.4.5.4.4. Middle East & Africa Electric Tankless Water Heater Market BPS Analysis-By Features, 2016-2023

7. Porter’s Five Force Model

8. Company Profile
8.1. Rinnai Corporation
8.2. Noritz Corporation
8.3. Bosch GmbH
8.4. A.O. Smith Corporation
8.5. Hotter Electric (A subsidiary of Zriha Hlavin Industries Ltd.)
8.6. Atmor & Eemax, Inc.
8.7. Stiebel Eltron
8.8. Alpha Electric Co.
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • A.O. Smith Corporation
  • Alpha Electric Co.
  • Atmor & Eemax, Inc.
  • Bosch GmbH
  • Hotter Electric (A subsidiary of Zriha Hlavin Industries Ltd.)
  • Noritz Corporation
  • Rinnai Corporation
  • Stiebel Eltron
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll