Tankless Water Heater

Tankless Water Heater

Global Tankless Water Heaters Market to Reach $7.9 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Tankless Water Heaters estimated at US$5.8 Billion in the year 2020, is projected to reach a revised size of US$7.9 Billion by 2027, growing at aCAGR of 4.7% over the period 2020-2027. Condensing, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$5.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Non-Condensing segment is readjusted to a revised 3.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 8.6% CAGR

The Tankless Water Heaters market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2027 trailing a CAGR of 8.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.8% and 4.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.

Select Competitors (Total 46 Featured) -

• A.O. Smith Corporation
• Alpha Electric Company Sdn. Bhd.
• Bosch Thermotechnology
• Bradford White Coporation
• Eemax Inc.
• Nortiz America
• Rheem Manufacturing Company
• Rinnai Corporation
• Stiebel Eltron GmbH & Co. KG

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