The US tankless water heater market is projected to grow significantly during the forecast period (2020-2026). The market is mainly driven by the commercial application of the tankless water heaters in the country. Commercial tankless water heaters are designed for applications that require a significant amount of hot water, as compared to the tankless water heater in residential use. It can be used in hotels, spas, hotels, and hospitals, where hot water is required in larger volumes. Some water heaters that can be used in commercials include gas water heaters and electric water heaters. Moreover, increasing the application of an electric tankless water heater in commercial application in-country further provides ample opportunity to the market.
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Moreover, various water heater manufacturers providing tankless water heater solutions and contributing to market growth. For instance, Stiebel Eltron, Inc. headquartered in the US deals in various innovative heating products from an immersion ring heater to digital tankless electric heaters. The tankless electric heaters offered by the company provides energy saving and water saving mode and can be installed anywhere plumbing allows. The different water heaters offered by the company are DHC-E single or multi-point-of-use tankless electric water heater, DHC single sink point-of-use tankless electric water heaters, accessories for tankless water heater, mega boost tank booster water heater, and so on.
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Key questions addressed by the report
• What is the market growth rate during the forecast period?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and coming years?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
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US Tankless Water Heater Market – Segmentation
By Product Type
• Electric Water Heater
• Gas Water Heater
• A.O. Smith Corp.
• Bradford White Corp.
• General Electric Co.
• Haier Electronics Group Co., Ltd.
• Navien Inc.
• NORITZ Corp.
• Robert Bosch GmbH
• Rheem Manufacturing Company, Inc.
• Rinnai Corp.
• Stiebel Eltron, Inc.
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