The global electric tankless water heater market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for energy-efficient products and rising awareness about the benefits of using electric tankless water heaters. The major factors driving this market are increasing demand for energy-efficient products, growing awareness about the benefits of using electric tankless water heaters, and technological advancements in product design. However, high initial cost may hamper the growth of this market in some regions such as North America and Europe.
The global electric tankless water heater market is segmented on the basis of type into multposition electric water heater, constant temperature electric water heater, and heating faucet; by application into hotel, restaurant, hospital, household; and by region into North America (US, Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China) and Middle East & Africa (Saudi Arabia).
Some Of The Growth Factors Of This Market:
- The increasing number of households in developing countries such as China and India is also expected to fuel the growth of this market over the next few years.
- In addition, increasing demand for hot water in commercial buildings such as hotels and hospitals is also expected to drive this market over the forecast period (2017-2025) 5) Increasing use of electric tankless water heaters in residential buildings due to their high efficiency levels will be another factor driving this market during the forecast period (2017-2025).
Industry Growth Insights published a new data on “Electric Tankless Water Heater Market”. The research report is titled “Electric Tankless Water Heater Market research by Types (Multi-Position Electric Water Heater, Constant Temperature Electric Water Heater, Electric Heating Faucet), By Applications (Hotel, Restaurant, Hospital, Household, Other), By Players/Companies Eemax, Stiebel Eltron, EcoSmart, IHeat, Rheem EcoSense, Bosch, Eccotemp, Noritz, Seisco, Bradley, MAREY, Olayk, Ferroli, Dente, AIRBOO, Midea, Haier, Rinnai Corporation, Alpha Electric, A.O. Smith Corporation, Hotter Electric (Zriha Hlavin Industries), Hubbell, Atmor, Drakken, Bradford White Corporation”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Tankless Water Heater Market Research Report
By Type
Multi-Position Electric Water Heater, Constant Temperature Electric Water Heater, Electric Heating Faucet
By Application
Hotel, Restaurant, Hospital, Household, Other
By Companies
Eemax, Stiebel Eltron, EcoSmart, IHeat, Rheem EcoSense, Bosch, Eccotemp, Noritz, Seisco, Bradley, MAREY, Olayk, Ferroli, Dente, AIRBOO, Midea, Haier, Rinnai Corporation, Alpha Electric, A.O. Smith Corporation, Hotter Electric (Zriha Hlavin Industries), Hubbell, Atmor, Drakken, Bradford White Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Electric Tankless Water Heater Market Report Segments:
The global Electric Tankless Water Heater market is segmented on the basis of:
Types
Multi-Position Electric Water Heater, Constant Temperature Electric Water Heater, Electric Heating Faucet
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hotel, Restaurant, Hospital, Household, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eemax
- Stiebel Eltron
- EcoSmart
- IHeat
- Rheem EcoSense
- Bosch
- Eccotemp
- Noritz
- Seisco
- Bradley
- MAREY
- Olayk
- Ferroli
- Dente
- AIRBOO
- Midea
- Haier
- Rinnai Corporation
- Alpha Electric
- A.O. Smith Corporation
- Hotter Electric (Zriha Hlavin Industries)
- Hubbell
- Atmor
- Drakken
- Bradford White Corporation
Highlights of The Electric Tankless Water Heater Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Multi-Position Electric Water Heater
- Constant Temperature Electric Water Heater
- Electric Heating Faucet
- By Application:
- Hotel
- Restaurant
- Hospital
- Household
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Tankless Water Heater Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric tankless water heater is a type of water heater that uses electricity to heat water. Tankless water heaters are often more energy-efficient than traditional, gas-fired or oil-fired water heaters. They also tend to be less expensive to operate over the long term.
Some of the key players operating in the electric tankless water heater market are Eemax, Stiebel Eltron, EcoSmart, IHeat, Rheem EcoSense, Bosch, Eccotemp, Noritz, Seisco, Bradley, MAREY, Olayk, Ferroli, Dente, AIRBOO, Midea, Haier, Rinnai Corporation, Alpha Electric, A.O. Smith Corporation, Hotter Electric (Zriha Hlavin Industries), Hubbell, Atmor, Drakken, Bradford White Corporation.
The electric tankless water heater market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Tankless Water Heater Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Tankless Water Heater Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Tankless Water Heater Market - Supply Chain
4.5. Global Electric Tankless Water Heater Market Forecast
4.5.1. Electric Tankless Water Heater Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Tankless Water Heater Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Tankless Water Heater Market Absolute $ Opportunity
5. Global Electric Tankless Water Heater Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Tankless Water Heater Market Size and Volume Forecast by Type
5.3.1. Multi-Position Electric Water Heater
5.3.2. Constant Temperature Electric Water Heater
5.3.3. Electric Heating Faucet
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Tankless Water Heater Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Tankless Water Heater Market Size and Volume Forecast by Application
6.3.1. Hotel
6.3.2. Restaurant
6.3.3. Hospital
6.3.4. Household
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Tankless Water Heater Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Tankless Water Heater Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Tankless Water Heater Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Tankless Water Heater Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Tankless Water Heater Demand Share Forecast, 2019-2026
9. North America Electric Tankless Water Heater Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Tankless Water Heater Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Tankless Water Heater Market Size and Volume Forecast by Application
9.4.1. Hotel
9.4.2. Restaurant
9.4.3. Hospital
9.4.4. Household
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Tankless Water Heater Market Size and Volume Forecast by Type
9.7.1. Multi-Position Electric Water Heater
9.7.2. Constant Temperature Electric Water Heater
9.7.3. Electric Heating Faucet
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Tankless Water Heater Demand Share Forecast, 2019-2026
10. Latin America Electric Tankless Water Heater Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Tankless Water Heater Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Tankless Water Heater Market Size and Volume Forecast by Application
10.4.1. Hotel
10.4.2. Restaurant
10.4.3. Hospital
10.4.4. Household
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Tankless Water Heater Market Size and Volume Forecast by Type
10.7.1. Multi-Position Electric Water Heater
10.7.2. Constant Temperature Electric Water Heater
10.7.3. Electric Heating Faucet
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Tankless Water Heater Demand Share Forecast, 2019-2026
11. Europe Electric Tankless Water Heater Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Tankless Water Heater Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Tankless Water Heater Market Size and Volume Forecast by Application
11.4.1. Hotel
11.4.2. Restaurant
11.4.3. Hospital
11.4.4. Household
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Tankless Water Heater Market Size and Volume Forecast by Type
11.7.1. Multi-Position Electric Water Heater
11.7.2. Constant Temperature Electric Water Heater
11.7.3. Electric Heating Faucet
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Tankless Water Heater Demand Share, 2019-2026
12. Asia Pacific Electric Tankless Water Heater Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Tankless Water Heater Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Tankless Water Heater Market Size and Volume Forecast by Application
12.4.1. Hotel
12.4.2. Restaurant
12.4.3. Hospital
12.4.4. Household
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Tankless Water Heater Market Size and Volume Forecast by Type
12.7.1. Multi-Position Electric Water Heater
12.7.2. Constant Temperature Electric Water Heater
12.7.3. Electric Heating Faucet
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Tankless Water Heater Demand Share, 2019-2026
13. Middle East & Africa Electric Tankless Water Heater Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Tankless Water Heater Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Tankless Water Heater Market Size and Volume Forecast by Application
13.4.1. Hotel
13.4.2. Restaurant
13.4.3. Hospital
13.4.4. Household
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Tankless Water Heater Market Size and Volume Forecast by Type
13.7.1. Multi-Position Electric Water Heater
13.7.2. Constant Temperature Electric Water Heater
13.7.3. Electric Heating Faucet
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Tankless Water Heater Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Tankless Water Heater Market: Market Share Analysis
14.2. Electric Tankless Water Heater Distributors and Customers
14.3. Electric Tankless Water Heater Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Eemax
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Stiebel Eltron
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. EcoSmart
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. IHeat
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Rheem EcoSense
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bosch
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Eccotemp
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Noritz
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Seisco
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Bradley
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. MAREY
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Olayk
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Ferroli
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Dente
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. AIRBOO
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Midea
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Haier
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Rinnai Corporation
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Alpha Electric
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. A.O. Smith Corporation
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
