According to Goldstein Research, Asia-Pacific tankless water heaters market is expected to reach USD 2,800 million by the end of 2025, growing at a CAGR of 9.0% over the forecast period, 2016-2024. The technological advancements in reducing energy consumption in residential and commercial places is majorly increasing the demand for tankless water heaters, and thus propelling the growth of the market all over the region. Asia-Pacific Tankless water heaters market segmentation has been done on the basis of fuel type, technology, installation site, end user, distribution channel and geography. Non-condensing technology based electric tankless water heater have higher demand due to their functioning, it pushes out hot gases out of the vent to avoid corrosion. Non-condensing electric tankless water heater uses stainless steel category 3 venting which reduces the maintenance but also increases the product cost and can be a barrier for growth of the market in some segments of the society.
Asia-Pacific Tankless water heaters market is dominated by developed regions such as Japan and Australia with a market share of 29.4%, closely followed by emerging countries such as China and India. Emerging countries are expected to grow at a CAGR of 5.5% over the forecast period.

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Market Segmentation

On the basis of our in-depth analysis, Asia-Pacific Tankless Water Heaters Market can be segmented as follows:

By Fuel Type

o Electric Tankless Water Heater
o Gas Tankless Water Heater
o
By Technology

o Condensing
o Non-Condensing
o
By Installation Site

o Outdoor
o Indoor
o
By End-User

o Residential
o Commercial
o Industrial

By Distribution Channel

o Online
o Offline

By region

o China Tankless water heaters {Market Share (%), Market Size (USD
Billion)}
o India Tankless water heaters {Market Share (%), Market Size (USD
Billion)}
o Japan Tankless water heaters {Market Share (%), Market Size (USD
Billion)}
o Australia Tankless water heaters {Market Share (%), Market Size (USD
Billion)}
o Vietnam Tankless water heaters {Market Share (%), Market Size (USD
Billion)}
o Philippines Tankless water heaters {Market Share (%), Market Size (USD
Billion)}
o South Korea Tankless water heaters {Market Share (%), Market Size
(USD Billion)}
o Thailand Tankless water heaters {Market Share (%), Market Size (USD
Billion)}
o Rest of Asia Pacific Tankless water heaters {Market Share (%), Market
Size (USD Billion)}

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“Asia-Pacific Tankless Water Heaters Market Outlook 2024” contains detailed overview of the Asia-Pacific Tankless water heaters market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by fuel type, technology, installation site, end user and distribution channel.
Further, for the in-depth analysis, Asia-Pacific Tankless Water Heaters Market Report 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 market report also includes competitive outlook of some of the major players profiling of companies such as Rinnai Corporation, Bosch GmbH, A.O. Smith Corporation, Bradford White 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.
Overall, the report represents the Asia-Pacific 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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