Tankless Water Heater Market Is Expected to Reach $12.3 Billion by 2031: Says AMR

Rise in infrastructural developments, replacement of traditional & tank-based water heaters with modern tankless water heaters, surge in deployment of smart water heaters, and increase building & construction activities across the world drive the growth of the global tankless water heater market. Based on energy source, the electric segment garnered the highest share in 2021. Based on region, on the other hand, the market across Europe would remain lucrative throughout the forecast period.


Portland, OR, July 05, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global tankless water heater market was estimated at $6.3 billion in 2021 and is expected to hit $12.3 billion by 2031, registering a CAGR of 6.9% from 2022 to 2031. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.

Rise in infrastructural developments, replacement of traditional & tank-based water heaters with modern tankless water heaters, surge in deployment of smart water heaters, and increase building & construction activities across the world drive the growth of the global tankless water heater market. Moreover, rise in focus toward manufacturing tankless electric water heaters with safety awareness, improved quality, and energy efficiency is expected to create lucrative opportunities for the key players in the industry.

Download Report Sample (310 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/16945      

Covid-19 scenario-

  • Building & construction activities across the world were on hold during the pandemic, which led to declined demand for tankless water heaters, thus impacting the global market negatively.
  • Disruptions in the supply of raw materials and lack of labor force aggravated the condition even more. However, the market has already gotten back to normalcy.

The global tankless water heater market is analyzed across type, energy source, energy factor, end user, and region. Based on type, the condensing segment contributed to more than three-fifths of the total market revenue in 2021, and is projected to lead the trail by 2031. The same segment would also portray the fastest CAGR of 57.2% during the forecast period.

Get detailed COVID-19 impact analysis on the Tankless Water Heater Market Request Here

Based on energy source, the electric segment garnered the highest share, holding nearly three-fifths of the total market revenue in 2021, and is projected to lead the trail by 2031. The same segment would also exhibit the fastest CAGR of 7.3% by 2031.

Based on region, the market across Europe held the major share in 2021, garnering nearly one-third of the global market. The same region would also manifest the fastest CAGR of 7.4% throughout the forecast period.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/16945

The key market players analyzed in the global tankless water heater market report include Bradford White Corporation, EcoSmart Energy Products, Inc., Westinghouse Electric Corporation, General Electric, Noritz Corporation, Navien, Inc., V-Guard Industries, Ltd., Robert Bosch GmbH, A.O. Smith,  and Stiebel Eltron, Inc. These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenueTrial

Get more informationhttps://www.alliedmarketresearch.com/library-access

Similar Reports:
(Pre-Book Now with 10% Discount)

Commercial Heat Pump Water Heater Market: Global Opportunity Analysis and Industry Forecast, 2021–2030

Storage Water Heater Market: Global Opportunity Analysis and Industry Forecast, 2021–2030

Electric Capacitor Market: Global Opportunity Analysis and Industry Forecast, 2021–2030

Smart Water Management Market - Opportunities and Forecasts, 2022-2029

Electric Transmission and Distribution Equipment Market: Global Market Trends and Opportunities, 2021–2030

Heating, Ventilation, and Air Conditioning Equipment Market: Global Opportunity Analysis and Industry Forecast, 2021–2030

PV Water Pumps Market: Global Opportunity Analysis and Industry Forecast, 2022-2029

Hydronic Radiators Market: Global Opportunity Analysis and Industry Forecast, 2022-2029

Heating Radiator Market: Global Trends and Opportunities, 2021–2030

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

Follow us on | Facebook | Twitter | LinkedIn