Toll Free: 1-888-928-9744

Tankless Water Heater Market Size, Share & Trends Analysis Report By Product (Electric, Gas), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2019 - 2025

Published: Aug, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global tankless water heater market size is anticipated to reach USD 4.6 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.5% over the forecast period. Launch of innovative products with improved design is a main factor driving demand for tankless water heater over the forecast period. For instance, in 2019, companies including Rinnai and Raheem have launched energy efficient water heaters for the residential sector. Their products are equipped with Wi-Fi and voice recognition, which allow the users to remotely monitor temperature and water circulation when required through smartphone.

Electric products held a leading market share in 2018 and is anticipated to witness the fastest growth in the coming years. Rapid increase in adoption of these heaters among the residential and commercial sectors is expected to boost market growth over the forecast period. Many homeowners are increasingly adopting electric tankless water heaters due to their energy efficiency and low maintenance and operating costs associated with them. In addition, these products are generally less expensive and have longer warranties as compared to gas counterparts.

The residential application segment held a leading share of 72.4% in 2018. Shifting consumer inclination towards energy efficient and eco-friendly products is a main factor driving the demand for these products in the residential sector. Moreover, increasing adoption of smart products and growing urbanization are expected to have a positive impact on the market growth in the upcoming years. For instance, Rheem's Prestige models have EcoNet Smart Technology that provides Wi-Fi connectivity and added features, which offer system protection, control, and monetary savings. Furthermore, improving standard of living, coupled with introduction of innovative products, is expected to have a positive impact on market growth.

The commercial application segment is anticipated to expand at the fastest CAGR of 7.8% from 2019 to 2025. Introduction of innovative products is a main factor driving the demand for tankless water heater. Increasing number of commercial buildings including restaurants, hotels, and hospitals owing to growing tourism industry will fuel demand for hot water, which, in turn, is expected to increase adoption of the product.

Europe held a leading market share in 2018 owing to high production of these products and shifting consumer preference for energy efficient and economical products. North America is anticipated to expand at the fastest CAGR of 10.7% from 2019 to 2025. Growing awareness related to ecological products, coupled with increasing product visibility, is a main factor driving the market demand. Moreover, presence of prominent players in the region such as A. O. Smith and Rheem is expected to propel demand for tankless water heater in the upcoming years.

Further key findings from the report suggest:

• North America for tankless water heater market is anticipated to expand at the fastest CAGR of 10.7% from 2019 to 2025 due to shifting consumer preference towards ecological products including tankless water heater

• Europe is expected to reach USD 1.5 billion by 2025 due to surging number of residential buildings, especially in Germany, U.K, and France, thus promoting sales of tankless water heater in the region

• Asia Pacific is anticipated to expand at a CAGR of 7.9% from 2019 to 2025 owing to high product availability, especially in Japan and China

• In 2018, U.S. held a significant share in the North America market on account of rising popularity of electric tankless water heaters among buyers in the residential sector

• Some of the key manufacturers are A. O. Smith; Rheem Manufacturing Company; Rinnai Corporation; Bradford White Corporation; Robert Bosch LLC; EcoSmart Green Energy Products, Inc.; Stiebel Eltron Inc.; Takagi; Noritz America; and Navien Inc
 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                         1.3.1. Purchased Database
                         1.3.2. GVR's Internal Database
                         1.3.3. Secondary Sources & Third-Party Perspectives
                         1.3.4. Primary Research
                    1.4. Information Analysis 
                         1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights
Chapter 3. Tankless Water Heater Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                         3.3.1. Sales/Retail Channel Analysis
                         3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                         3.4.1. Market Driver Analysis
                         3.4.2. Market Restraint Analysis
                         3.4.3. Industry Challenges
                         3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                         3.5.1. Industry Analysis - Porter's
                              3.5.1.1. Supplier Power
                              3.5.1.2. Buyer Power
                              3.5.1.3. Substitution Threat
                              3.5.1.4. Threat from New Entrant 
                              3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Tankless Water Heater Market
                    3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision 
                    4.3. Consumer Product Adoption 
                    4.4. Observations & Recommendations
Chapter 5. Tankless Water Heater Market: Product Estimates & Trend Analysis
                    5.1. Product Movement Analysis & Market Share, 2018 & 2025
                    5.2. Electric Water Heater
                         5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.3. Gas Water Heater
                         5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Tankless Water Heater Market: Application Estimates & Trend Analysis
                    6.1. Application Movement Analysis & Market Share, 2018 & 2025
                    6.2. Residential 
                         6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.3. Commercial
                         6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Tankless Water Heater Market: Regional Estimates & Trend Analysis
                    7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    7.2. North America
                         7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                         7.2.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.2.4. U.S.
                              7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.2.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                              7.2.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.3. Europe
                         7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                         7.3.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.3.4. Germany
                              7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.3.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                              7.3.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.3.5. U.K.
                              7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.3.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                              7.3.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.4. Asia Pacific
                         7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                         7.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.4.4. China
                              7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.4.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                              7.4.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.4.5. Japan
                              7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.4.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                              7.4.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.5. Central & South America
                         7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                         7.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.5.4. Brazil
                              7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.5.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                              7.5.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.6. Middle East & Africa
                         7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                         7.6.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
Chapter 8. Competitive Analysis
                    8.1. Key global players, recent developments & their impact on the industry
                    8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    8.3. Vendor Landscape
                         8.3.1. Key company market share analysis, 2018
Chapter 9. Company Profiles
                    9.1. A. O. Smith
                         9.1.1. Company Overview
                         9.1.2. Financial Performance
                         9.1.3. Product Benchmarking
                         9.1.4. Strategic Initiatives
                    9.2. Rheem Manufacturing Company
                         9.2.1. Company Overview
                         9.2.2. Financial Performance
                         9.2.3. Product Benchmarking
                         9.2.4. Strategic Initiatives
                    9.3. Rinnai Corporation 
                         9.3.1. Company Overview
                         9.3.2. Financial Performance
                         9.3.3. Product Benchmarking
                         9.3.4. Strategic Initiatives
                    9.4. Bradford White Corporation
                         9.4.1. Company Overview
                         9.4.2. Financial Performance
                         9.4.3. Product Benchmarking
                         9.4.4. Strategic Initiatives
                    9.5. Robert Bosch LLC
                         9.5.1. Company Overview
                         9.5.2. Financial Performance
                         9.5.3. Product Benchmarking
                         9.5.4. Strategic Initiatives
                    9.6. EcoSmart Green Energy Products, Inc.
                         9.6.1. Company Overview
                         9.6.2. Financial Performance
                         9.6.3. Product Benchmarking
                         9.6.4. Strategic Initiatives
                    9.7. Stiebel Eltron Inc.
                         9.7.1. Company Overview
                         9.7.2. Financial Performance
                         9.7.3. Product Benchmarking
                         9.7.4. Strategic Initiatives
                    9.8. Takagi
                         9.8.1. Company Overview
                         9.8.2. Financial Performance
                         9.8.3. Product Benchmarking
                         9.8.4. Strategic Initiatives
                    9.9. Noritz America
                         9.9.1. Company Overview
                         9.9.2. Financial Performance
                         9.9.3. Product Benchmarking
                         9.9.4. Strategic Initiatives
                    9.10. Navien Inc.
                         9.10.1. Company Overview
                         9.10.2. Financial Performance
                         9.10.3. Product Benchmarking
                         9.10.4. Strategic Initiatives
List of Tables

1. Tankless Water Heater - Key market driver analysis
2. Tankless Water Heater - Key market restraint analysis
3. Global electric water heater market estimates and forecast, 2015 - 2025 (USD Million)
4. Global gas water heater market estimates and forecast, 2015 - 2025 (USD Million)
5. Global tankless water heater market estimates and forecast for residential, 2015 - 2025 (USD Million)
6. Global tankless water heater market estimates and forecast for commercial, 2015 - 2025 (USD Million)
7. North America wireless mouse market estimates and forecast, 2015 - 2025 (USD Million)
8. North America wireless mouse market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
9. North America wireless mouse market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
10. U.S. wireless mouse market estimates and forecast, 2015 - 2025 (USD Million)
11. U.S. wireless mouse market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
12. U.S. wireless mouse market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
13. Europe wireless mouse market estimates and forecast, 2015 - 2025 (USD Million)
14. Europe wireless mouse market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
15. Europe wireless mouse market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
16. Germany wireless mouse market estimates and forecast, 2015 - 2025 (USD Million)
17. Germany wireless mouse market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
18. Germany wireless mouse market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
19. U.K. wireless mouse market estimates and forecast, 2015 - 2025 (USD Million)
20. U.K. wireless mouse market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
21. U.K. wireless mouse market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
22. Asia Pacific wireless mouse market estimates and forecast, 2015 - 2025 (USD Million)
23. Asia Pacific wireless mouse market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
24. Asia Pacific wireless mouse market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
25. China wireless mouse market estimates and forecast, 2015 - 2025 (USD Million)
26. China wireless mouse market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
27. China wireless mouse market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
28. Japan wireless mouse market estimates and forecast, 2015 - 2025 (USD Million)
29. Japan wireless mouse market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
30. Japan wireless mouse market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
31. Central & South America wireless mouse market estimates and forecast, 2015 - 2025 (USD Million)
32. Central & South America wireless mouse market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
33. Central & South America wireless mouse market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
34. Brazil wireless mouse market estimates and forecast, 2015 - 2025 (USD Million)
35. Brazil wireless mouse market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
36. Brazil wireless mouse market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
37. Middle East & Africa wireless mouse market estimates and forecast, 2015 - 2025 (USD Million)
38. Middle East & Africa wireless mouse market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
39. Middle East & Africa wireless mouse market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
40. Vendor landscape 


List of Figures

1. Tankless Water Heater market snapshot 
2. Tankless Water Heater market segmentation & scope
3. Tankless Water Heater market penetration & growth prospect mapping
4. Tankless Water Heater value chain analysis
5. Tankless Water Heater market dynamics
6. Tankless Water Heater market: Porter's analysis 
7. Tankless Water Heater market: Product movement analysis
8. Tankless Water Heater market: Application movement analysis
9. Tankless Water Heater market: Regional movement analysis

To request a free sample copy of this report, please complete the form below.

We never share your personal data. Privacy policy
Interested in this report? Get your FREE sample now! Get a Free Sample
Choose License Type
Single User - US $2450
Multi User - US $5450
Hexareeasearch Know

Did you know?

Research Assistance

Phone: 1-415-349-0054

Toll Free: 1-888-928-9744

Email: [email protected]

Why to buy from us

Custom research service

Speak to the report author to design an exclusive study to serve your research needs.

Information security

Your personal and confidential information is safe and secure.

verify