According to Goldstein Research, Global electric tankless water heaters market is anticipated to grow at a CAGR of 5.24% over the forecast period 2017-2025 to reach USD 11,230 million by 2025. Global electric tankless water heaters market growth is propelled by the factors such as technological advancements to reduce energy consumption (reduced by 22%) in commercial and residential places that are increasing the demand for electric tankless water heaters all over the globe. Moreover, the rising e-commerce sector has further facilitated the supply of electric tankless water heaters. Electric tankless water heaters market segmentation has been done on the basis of technology, installation site, end user, distribution channel and geography.
Global electric tankless water heaters market segmentation based on technology, witnesses non-condensing segment acquiring largest market share owing to low maintenance as compared to other heaters impacting increase in global demand. Electric tankless water heaters market is largely dominated by Europe followed Asia Pacific and North America. As the European countries are highly concerned towards sustainability and energy conservation, they tends to have quick adaptation to technologies inclined towards reducing wastage and minimizing pollution. Europe acquires 37.1% market share in 2017 of the global electric tankless water heaters market.
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Market Segmentation
On the basis of our in-depth analysis, Global Electric Tankless Water Heaters Market can be segmented and sub-segmented as follows:
Electric Tankless Water Heaters Market, Based on Technology
• Condensing
• Non-Condensing
Electric Tankless Water Heaters Market, Based on Installation Site
• Outdoor
• Indoor
Electric Tankless Water Heaters Market, Based on End-User
• Residential
• Commercial
• Industrial
Electric Tankless Water Heaters Market, Based on Distribution Channel
• Online
• Offline
Electric Tankless Water Heaters Market, By Region
• North America (United States Tankless Water Heater Market, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Asia Pacific electric tankless water heaters Market (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
“Electric Tankless Water Heaters Market Outlook 2025” contains a detailed overview of the global electric tankless water heaters market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by technology, installation site, end user and distribution channel.
Further, for the in-depth analysis, Global Electric Tankless Water Heaters Market Report technology and end-user encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
This industry analysis report also includes competitive outlook of some of the major players profiling of companies such as Bosch GmbH, A.O. Smith Corporation, Bradford White Corporation, Rinnai Corporation, Hotter Electric, Atmor & Eemax, Nortiz Corporation, Inc., Stiebel Eltron, Rheem Manufacturing Company, Alpha Electric Co., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Objective of Report:
• To analyze and forecast market size of electric tankless water heaters market.
• To calculate the expected growth rate of electric tankless water heaters market.
• To classify and forecast electric tankless water heaters market based on technology, installation site, end user, distribution channel and geography.
• To identify market key players, driving factors, & trends of electric tankless water heaters market with the help of SWOT Analysis.
• To identify and analyze the profiles of leading players involved in the manufacturing and supplying of electric tankless water heaters market.
• To identify market opportunities for the existing and entry level players.
Overall, the report represents the global electric tankless water heaters market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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