Tankless Water Heater is a kind of heater which provides warm water without a tank. It has mini-assembly of boiler coils 36” less or high which enables on demand or endless quantity of warm water. It stores the water inside the coils and it is more energy efficient as compared to conventional storage water heaters. In addition to this, light weight in nature and government subsidy on various efficient electronic equipment in various countries are few of the reason that would escalate the demand for the tankless water heaters in near future.

Market Segmentation

By Features
Based on Features, the global Tankless Water Heater market is divided into following:
Energy Star
Digital Display
Remote Control
By Technology
Based on Technology, the global Tankless Water Heater market is divided into following:
Low NOx
Ultra-Low NOx
By Fuel Type
Based on Fuel type, the global Tankless Water Heater market is divided into following:
Natural Gas
Propane
By Location
Based on Location, the global Tankless Water Heater market is divided into following:
Indoor
Outdoor
Direct vent (horizontal and vertical vent) tankless water heater
By Energy Factor
Based on Energy Factor, the global Tankless Water Heater market is divided into following:
0.90+ EF
0.80 - 0.89 EF
- 0.79 EF
By Weight
Based on Weight, the global Tankless Water Heater market is divided into following:
75+ lbs
50 - 74 lbs
0 - 49 lbs

By Product Type

Based on Product Type, the global Tankless Water Heater market is divided into following:
Electric Tankless water heaters
Gas Tankless water heaters
By End User
Based on End User, the global Tankless Water Heater market is divided into following:

Domestic Tankless Water Heaters
Commercial Tankless Water Heaters
By Region

On the basis of region the global tankless water heater market is segmented into
North America
Latin America
Western And Eastern Europe
Asia-Pacific
Middle East And North Africa
Row (Rest Of World)

Growth Drivers and challenges

Factors like shift in consumers taste and preference, spiked adoption of eco-friendly equipment, inclination towards using efficient heaters, longing to use electric devices with more technological advanced features and user controls etc. are some of the major factors which are expected to drive the demand for global tankless water heater market in the upcoming years.

In addition to that, continuous increase in urban population and personal disposable income across the globe are projected to drive the global tankless water heater market during next 5-6 years.

However, formulation of stringent energy efficiency regulations is likely to hamper the growth of global tankless water heater market for the forecast period.

Further, rising energy fuel demand is anticipated to increase global average gas price in future and can be a major challenge for the global tankless water heater market in future.

Market Size and Forecast

Globally, Asia-Pacific has the largest market share as compared to other regions. Asia-Pacific tankless water heater market is projected to grow at a CAGR of 8.3% over the forecasted period. At present, countries like China, India, Japan has the major market growth in Asia Pacific region.

North America tankless water heater market is expected to grow at a CAGR of 9.5% over the period 2015-2023.

In Europe, the electric tankless water heater sales are at steady rate and sales of gas tankless water heater are on a continuous fall. Across many countries in the European region, Germany is the major market in the Europe region at present followed by U.K.

Key players

Bosch
Noritz Corporation
Rinnai
A.O. Smith Corporation
Bradford White Corporation
Rheem Manufacturing Company
Scope and Context
Overview of the Parent Market
Analyst View
Market Size and Growth
North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of Latin America)
Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)
Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
Middle East and North Africa (MENA)
Rest of World

Segmentation
By Product Type
By End User
By Technolo0gy
By Weight
By Location
By Fuel Type
By Energy Factor
By Features
By Region
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment

To know more about this research, kindly visit: http://www.researchnester.com/reports/global-tankless-water-heater-market-analysis-opportunity-outlook-2021/107

For Table of Content & Free Sample Report Contact:
Ajay Daniel
Email: [email protected]
U.S. +1 646 586 9123
U.K. +44 203 608 5919