Market Overview:
The global whole-house tankless water heater market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient appliances and rising awareness about the benefits of tankless water heaters. Tankless water heaters are more energy-efficient than traditional storage tanks as they only heat up water when it is required, thereby saving on energy costs. Additionally, tankless models are available in both electric and gas variants, making them a popular choice for both residential and commercial applications. Regionally, North America dominates the global whole-house tankless water heater market due to high adoption rates and growing demand from residential sectors in countries such as the US and Canada.
Product Definition:
A whole-house tankless water heater is a water heater that heats water on demand as it is needed, rather than heating and storing large quantities of hot water in a storage tank. Whole-house tankless water heaters are typically more expensive to install than traditional storage tank-style water heaters, but they can save energy and money in the long run by providing continuous hot water with no standby losses.
Electric Models:
Electric models are used for water heating process in whole-house tankless water heater. It is a type of model that uses electricity as the source of energy to heat the water. The most common way to implement an electric model is by installing an electric heating coil or baseboard in one of the bathrooms, kitchen or utility rooms and plugging it into a dedicated electrical outlet.
Matural Gas or Propane Models:
Mental gas or propane models are used to estimate the amount of natural gas or propane required for a water heater. These estimates are based on several factors including, but not limited to, the type of water heater (tankless/drip-style versus storage), average household size and usage rate, and climatic conditions in which the model is to be used.
Application Insights:
The residential sector accounted for the largest share of over 70.0% in 2017 and is expected to continue its dominance over the forecast period. Rising urbanization coupled with increasing disposable income levels in developing countries such as India, China and Brazil are expected to drive demand for whole-house tankless water heater systems in the residential sector. Furthermore, government initiatives aimed at improving housing infrastructure are likely to boost product demand further.
The commercial sector is also anticipated to witness significant growth owing to an increase in renovation activities across various industries including healthcare, hospitality and retail among others. Increasing number of renovation projects undertaken by hotels chains such as Taj Group¢â‚¬â„¢s into their existing property portfolio are projected to resultantly drive market growth over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a considerable growth rate of 5.6% over the forecast period, owing to increasing demand for tankless water heater in residential sector and rising awareness about its installation. Moreover, presence of prominent players such as Honeywell International Inc.; Nestl© S.A; and Whirlpool Corp.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to growing population coupled with increasing disposable income especially in developing countries such as China and India will drive regional growth over next eight years.
Growth Factors:
- Increasing demand for energy-efficient appliances: The global market for tankless water heaters is expected to grow at a CAGR of more than 9% from 2016 to 2024, owing to the increasing demand for energy-efficient appliances.
- Rising awareness about the benefits of tankless water heaters: There is a growing awareness among consumers about the benefits of using tankless water heaters, which is driving the growth of this market.
- Technological advancements in tankless water heaters: Tankless water heater manufacturers are constantly innovating and introducing new technologies in their products, which is aiding in the growth of this market.
- Growing popularity of green homes: The popularity of green homes is another major factor that is driving the growth of the global market for tankless water heaters.
Scope Of The Report
Report Attributes
Report Details
Report Title
Whole-House Tankless Water Heater Market Research Report
By Type
Electric Models, Matural Gas or Propane Models
By Application
Residential Sector, Commercial Sector
By Companies
A.O. Smith, Bradford White, NORITZ AMERICA, Rheem Manufacturing, Rinnai
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
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Whole-House Tankless Water Heater Market Report Segments:
The global Whole-House Tankless Water Heater market is segmented on the basis of:
Types
Electric Models, Matural Gas or Propane Models
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
Residential Sector, Commercial Sector
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:
- A.O. Smith
- Bradford White
- NORITZ AMERICA
- Rheem Manufacturing
- Rinnai
Highlights of The Whole-House 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:
- Electric Models
- Matural Gas or Propane Models
- By Application:
- Residential Sector
- Commercial Sector
- 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 Whole-House 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?
A whole-house tankless water heater is a type of water heater that uses a small tank to store hot water, and then heats the water as it is used. This type of system is usually more expensive than other types of heaters, but it can be more efficient because there is no need to wait for the tank to fill up before you can use it again.
Some of the key players operating in the whole-house tankless water heater market are A.O. Smith, Bradford White, NORITZ AMERICA, Rheem Manufacturing, Rinnai.
The whole-house tankless water heater market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Whole-House Tankless Water Heater Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Whole-House Tankless Water Heater Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Whole-House Tankless Water Heater Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Whole-House Tankless Water Heater Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Whole-House Tankless Water Heater Market Size & Forecast, 2020-2028
4.5.1 Whole-House Tankless Water Heater Market Size and Y-o-Y Growth
4.5.2 Whole-House Tankless Water Heater Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electric Models
5.2.2 Matural Gas or Propane Models
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential Sector
6.2.2 Commercial Sector
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Whole-House Tankless Water Heater Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Whole-House Tankless Water Heater Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electric Models
9.6.2 Matural Gas or Propane Models
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential Sector
9.10.2 Commercial Sector
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electric Models
10.6.2 Matural Gas or Propane Models
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential Sector
10.10.2 Commercial Sector
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electric Models
11.6.2 Matural Gas or Propane Models
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential Sector
11.10.2 Commercial Sector
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electric Models
12.6.2 Matural Gas or Propane Models
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential Sector
12.10.2 Commercial Sector
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electric Models
13.6.2 Matural Gas or Propane Models
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential Sector
13.10.2 Commercial Sector
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Whole-House Tankless Water Heater Market: Competitive Dashboard
14.2 Global Whole-House Tankless Water Heater Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 A.O. Smith
14.3.2 Bradford White
14.3.3 NORITZ AMERICA
14.3.4 Rheem Manufacturing
14.3.5 Rinnai
