Global Home Tankless Water Heater Market Growth 2025-2031

The global Home Tankless Water Heater market size is predicted to grow from US$ 1008 million in 2025 to US$ 1227 million in 2031; it is expected to grow at a CAGR of 3.3% from 2025 to 2031.

Home tankless water heater, also known as an on-demand water heater or instantaneous water heater, is a type of water heating system that provides hot water without the use of a storage tank. It heats water directly as it passes through the unit, delivering a continuous supply of hot water whenever needed. Tankless water heaters offer several advantages, including energy efficiency, space savings, and continuous hot water supply.

United States market for Home Tankless Water Heater is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Home Tankless Water Heater is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Home Tankless Water Heater is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Home Tankless Water Heater players cover Rinnai, Rheem, EcoSmart, AO Smith, Niagara Industries, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Home Tankless Water Heater Industry Forecast” looks at past sales and reviews total world Home Tankless Water Heater sales in 2024, providing a comprehensive analysis by region and market sector of projected Home Tankless Water Heater sales for 2025 through 2031. With Home Tankless Water Heater sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Home Tankless Water Heater industry.

This Insight Report provides a comprehensive analysis of the global Home Tankless Water Heater landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Home Tankless Water Heater portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Home Tankless Water Heater market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Home Tankless Water Heater and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Home Tankless Water Heater.

This report presents a comprehensive overview, market shares, and growth opportunities of Home Tankless Water Heater market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Natural Gas
Propane
Electricity

Segmentation by Application:
Online Sales
Offline Sales

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Rinnai
Rheem
EcoSmart
AO Smith
Niagara Industries
Stiebel Eltron
Robert Bosch
Noritz
Intellihot
Haier
Siemens
ABB Ltd
Vanward
Eemax
Bradford White
Ariston

Key Questions Addressed in this Report

What is the 10-year outlook for the global Home Tankless Water Heater market?

What factors are driving Home Tankless Water Heater market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Home Tankless Water Heater market opportunities vary by end market size?

How does Home Tankless Water Heater break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.