According to Goldstein Research, global tankless water heater market estimated at USD 16.9 billion in 2016, is estimated to grow at a CAGR of 5.0% over the forecast period 2016-2024. The factors associated with the implementation of tankless water heater such as space effectiveness, easy installation, low operation & maintenance cost, longer durability and energy efficiency are majorly driving the growth of global tankless water heater market.
Further geographically, global tankless water heater market is dominated by North America and by 2024 it is anticipated to acquire a market share of 45.0%. North America is closely followed by Europe, with high installations of the tankless water heater and it is expected to continue the growth rate at 3.4% CAGR over the forecast period.
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Market Segmentation
Global Tankless Water Heater Market can be segmented as follows:
Based on Product Type
• Gas Tankless Water Heater Market
• Electric Tankless Water Heater Market
Based on Installation
• Indoor Tankless Water Heater Market Analysis, 2016-2024
• Outdoor Tankless Water Heater Market Analysis, 2016-2024
Based on Technology
• Condensing Technology Market Analysis, 2016-2024
• Non- Condensing Technology Market Analysis, 2016-2024
Based on End-User
• Residential Users Market Analysis, 2016-2024
• Commercial Users Market Analysis, 2016-2024
By Region
• North America Tankless Water Heater Market Analysis, 2016-2024
• Europe Tankless Water Heater Market Analysis, 2016-2024
• The Middle East And Africa Tankless Water Heater Market Analysis, 2016-2024
• Latin America Tankless Water Heater Market Analysis, 2016-2024
• Asia-Pacific Tankless Water Heaters Market Analysis, 2016-2024
• Rest Of The World Tankless Water Heater Market Analysis, 2016-2024
Global Tankless Water Heater Market report by Goldstein Research contains the detailed overview of the global tankless water heater market. The Global Tankless Water Heater Market Report encompasses the competitive outlook of major players that summarises the business strategies, revenue distribution, product portfolio, financial analysis, R&D activities and investments. The comprehensive analysis of tankless water heater market report helps the clients to assess their business strategies as per the competitive environment in the market space.
Major players of the global tankless water heater market discussed in the report are A.O. Smith Corporation, Bosch, Noritz Corporation, Rinnai Corporation, Bradford White Corporation, Rheem Manufacturing Company, General Electric, Havells, ATMOR, Stiebel Eltron GmbH & Co. KG., Kyungdong Navien Co., Ltd., Haier Electronics Group Co, Ltd, Bajaj Electricals Ltd., etc.
Further, Global Tankless Water Heater Market Report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The Tankless Water Heater Market Share also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.
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