Global Tankless Water Heater Market Size, Share & Trends Analysis Report by Product Type (Electric Water Heater and Gas Water Heater), by Application (Residential and Commercial) and Forecast 2020-2026.
The global tankless water heater market is estimated to grow significantly during the forecast period. Extreme climatic conditions along with rising industrialization combinedly drive the demand for water heaters across the globe that further ac as a driving factor for the market. Moreover, the replacement of existing water heating systems with compact design and more efficient systems such as heat pump water heaters (HPWH), makes the deployment of water heaters inevitable in the commercial and industrial sector further provide a significant opportunity to the market. However, the inclination towards energy-efficient water heater such as a solar water heater further projected to hinder the market growth during the forecast period.
The global market for the tankless water heater is further classified on the basis of product type and application. Based on the product type, the market is further classified into an electric water heater and gas water heater. The electric water heater segment is projected to have a significant CAGR in the global tankless water heater market. The key factor driving the market of the electric tankless water heater market is that the electric heater does not possess the danger of exploding due to gas leak. In addition to this, electric water heaters allow hassle-free installation leading to an increase in market growth for tankless electric water heaters. On the basis of application, the market is further segregated into residential and commercial. Based on geography, the global tankless water heater market is further segregated into North America, Europe, Asia-Pacific and the Rest of the World. Among, region Asia-Pacific is projected to have a considerable share in the global electric water heater market.
The companies which are contributing to the growth of the global tankless water heater market include A.O. Smith Corp., Bajaj Electricals Ltd., Haier electronics group Co., Ltd., Havells India Ltd., General Electric Co., and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.
Research Methodology
The market study of the global tankless water heater market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors.
Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include
The report is intended for tankless water heater providers, end-user for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.
Market Segmentation
1. Global Tankless Water Heater Market Research and Analysis by Product Type
2. Global Tankless Water Heater Market Research and Analysis by Application
The Report Covers
The global tankless water heater market is estimated to grow significantly during the forecast period. Extreme climatic conditions along with rising industrialization combinedly drive the demand for water heaters across the globe that further ac as a driving factor for the market. Moreover, the replacement of existing water heating systems with compact design and more efficient systems such as heat pump water heaters (HPWH), makes the deployment of water heaters inevitable in the commercial and industrial sector further provide a significant opportunity to the market. However, the inclination towards energy-efficient water heater such as a solar water heater further projected to hinder the market growth during the forecast period.
The global market for the tankless water heater is further classified on the basis of product type and application. Based on the product type, the market is further classified into an electric water heater and gas water heater. The electric water heater segment is projected to have a significant CAGR in the global tankless water heater market. The key factor driving the market of the electric tankless water heater market is that the electric heater does not possess the danger of exploding due to gas leak. In addition to this, electric water heaters allow hassle-free installation leading to an increase in market growth for tankless electric water heaters. On the basis of application, the market is further segregated into residential and commercial. Based on geography, the global tankless water heater market is further segregated into North America, Europe, Asia-Pacific and the Rest of the World. Among, region Asia-Pacific is projected to have a considerable share in the global electric water heater market.
The companies which are contributing to the growth of the global tankless water heater market include A.O. Smith Corp., Bajaj Electricals Ltd., Haier electronics group Co., Ltd., Havells India Ltd., General Electric Co., and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.
Research Methodology
The market study of the global tankless water heater market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors.
Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report is intended for tankless water heater providers, end-user for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.
Market Segmentation
1. Global Tankless Water Heater Market Research and Analysis by Product Type
2. Global Tankless Water Heater Market Research and Analysis by Application
The Report Covers
- Comprehensive research methodology of the global Tankless water heater market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global Tankless water heater market.
- Insights about market determinants which are stimulating the global Tankless water heater market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. A.O. Smith Corp.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Robert Bosch GmbH
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Haier electronics group Co., Ltd.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Havells India Ltd.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. General Electric Co.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Tankless Water Heater Market by Product Type
5.1.1. Electric Water Heater
5.1.2. Gas Water Heater
5.2. Global Tankless Water Heater Market by Application
5.2.1. Residential
5.2.2. Commercial
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. A.O. Smith Corp.
7.2. Ariston Thermo SpA
7.3. ATC Electrical and Mechanical, Ltd.
7.4. Atmor
7.5. Bajaj Electricals Ltd.
7.6. Bradford White Corp.
7.7. Crompton Greaves Consumer Electricals Ltd.
7.8. General Electric Co.
7.9. Haier Electronics Group Co., Ltd.
7.10. Havells India Ltd.
7.11. Navien Inc.
7.12. NORITZ Corp.
7.13. Robert Bosch GmbH
7.14. Rheem Manufacturing Company, Inc.
7.15. Rinnai Corp.
7.16. Racold Thermo Pvt. Ltd.
7.17. StiebelEltron, Inc.
7.18. Venus home applianceList of Tables
1. Global Tankless Water Heater Market Research and Analysis by Product Type, 2019-2026 ($ Million)
2. Global Electric Water Heater Market Research and Analysis by Region, 2019-2026 ($ Million)
3. Global Gas Water Heater Market Research and Analysis by Region, 2019-2026 ($ Million)
4. Global Tankless Water Heater Market Research and Analysis by Application, 2019-2026 ($ Million)
5. Global Tankless Water Heater in Residential Market Research and Analysis by Region, 2019-2026 ($ Million)
6. Global Tankless Water Heater in Commercial Market Research and Analysis by Region, 2019-2026 ($ Million)
7. Global Tankless Water Heater Market Research and Analysis by Geography, 2019-2026 ($ Million)
8. North American Tankless Water Heater Market Research and Analysis by Country, 2019-2026 ($ Million)
9. North American Tankless Water Heater Market Research and Analysis by Product Type, 2019-2026 ($ Million)
10. North American Tankless Water Heater Market Research and Analysis by Application, 2019-2026 ($ Million)
11. European Tankless Water Heater Market Research and Analysis by Country, 2019-2026 ($ Million)
12. European Tankless Water Heater Market Research and Analysis by Product Type, 2019-2026 ($ Million)
13. European Tankless Water Heater Market Research and Analysis by Application, 2019-2026 ($ Million)
14. Asia-Pacific Tankless Water Heater Market Research and Analysis by Country, 2019-2026 ($ Million)
15. Asia-Pacific Tankless Water Heater Market Research and Analysis by Product Type, 2019-2026 ($ Million)
16. Asia-Pacific Tankless Water Heater Market Research and Analysis by Application, 2019-2026 ($ Million)
17. Rest of the World Tankless Water Heater Market Research and Analysis by Product Type, 2019-2026 ($ Million)
18. Rest of the World Tankless Water Heater Market Research and Analysis by Application, 2019-2026 ($ Million)List of Figures
1. Global Tankless Water Heater Market Share by Product Type, 2019 Vs 2026 (%)
2. Global Tankless Water Heater Market Share by Application, 2019 Vs 2026 (%)
3. Global Tankless Water Heater Market Share by Geography, 2019 Vs 2026 (%)
4. US Tankless Water Heater Market Size, 2019-2026 ($ Million)
5. Canada Tankless Water Heater Market Size, 2019-2026 ($ Million)
6. UK Tankless Water Heater Market Size, 2019-2026 ($ Million)
7. France Tankless Water Heater Market Size, 2019-2026 ($ Million)
8. Germany Tankless Water Heater Market Size, 2019-2026 ($ Million)
9. Italy Tankless Water Heater Market Size, 2019-2026 ($ Million)
10. Spain Tankless Water Heater Market Size, 2019-2026 ($ Million)
11. Roe Tankless Water Heater Market Size, 2019-2026 ($ Million)
12. India Tankless Water Heater Market Size, 2019-2026 ($ Million)
13. China Tankless Water Heater Market Size, 2019-2026 ($ Million)
14. Japan Tankless Water Heater Market Size, 2019-2026 ($ Million)
15. Rest of Asia-Pacific Tankless Water Heater Market Size, 2019-2026 ($ Million)
16. Rest of the World Tankless Water Heater Market Size, 2019-2026 ($ Million)
Companies Mentioned
A selection of companies mentioned in this report includes:
- A.O. Smith Corp.
- Ariston Thermo SpA
- ATC Electrical and Mechanical, Ltd.
- Atmor
- Bajaj Electricals Ltd.
- Bradford White Corp.
- Crompton Greaves Consumer Electricals Ltd.
- General Electric Co.
- Haier Electronics Group Co., Ltd.
- Havells India Ltd.
- Navien Inc.
- NORITZ Corp.
- Robert Bosch GmbH
- Rheem Manufacturing Company, Inc.
- Rinnai Corp.
- Racold Thermo Pvt. Ltd.
- StiebelEltron, Inc.
- Venus home appliance
