According to Goldstein Research, tankless water heater does not generate standby energy loss as compared to conventional storage water heaters which makes the product energy efficient and cost effective. This is the major factor boosting the sales of tankless water heater all across the globe. Global Tankless Water Heater Market Outlook also includes product development, technological advancements and investment strategies adopted by major market players in order to expand their business across the globe. Key market players are investing in developing innovative products which is likely to increase the market competitiveness and eventually will boost the demand for tankless water heater. For instance, Rheem are focusing on vast technology like recirculation in tankless water heater which not only provide instant hot water for consumer but can also save 12,000 gallons water per year for the average household.
Market Segmentation
On the basis of our in-depth analysis, global tankless water heater market can be segmented as follows:
• Based on Product Type
o Gas Tankless Water Heater
o Electric Tankless Water Heater
• Based on Installation
o Indoor Tankless Water Heater
o Outdoor Tankless Water Heater
• Based on Technology
o Condensing Technology
o Non- Condensing Technology
• Based on End-User
o Residential
o Commercial
• Based on Geography
o North America (U.S. & Canada) Tankless Water Heater Market {Market Share (%), Market Size(USD Billion)}
o Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Tankless Water Heater Market {Market Share (%), Market Size(USD Billion)}
o Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Tankless Water Heater Market {Market Share (%), Market Size(USD Billion)}
o Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Tankless Water Heater Market {Market Share (%), Market Size(USD Billion)}
o Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Tankless Water Heater Market {Market Share (%), Market Size(USD Billion)}
"Global Tankless Water Heater Market Outlook 2024" contains detailed overview of the global tankless water heater market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, by installation type, by technology and by end-user.
Further, for the in-depth analysis, Global Tankless Water Heater 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 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 and Bajaj Electricals Ltd.. 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 global tankless Water Heater 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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