Tankless Electric Water Heater Market Business Opportunities, Current Trends & Industry Analysis by Key Players and Forecast – 2026

Tankless Electric Water Heater

The Global Tankless Electric Water Heater Market Report is highly intended to offer robust acumen considering Tankless Electric Water Heater Market industry to aid a market contender with insightful analysis for Tankless Electric Water Heater Market size, share, competitive scenario, segments, sub-segments, and dominant industry competitors. The report focuses on the historic and current situation of the market to provide valuable forecast analysis based on sales revenue, global demand, and growth rate of the market.

The global Tankless Electric Water Heater market is valued at 1105 million US$ in 2020 is expected to reach 1583 million US$ by the end of 2026, growing at a CAGR of 5.2% during 2021-2026.

Market Key Players

Stiebel Eltron, Rheem, Bosch, Bradford White Corporation, Eemax, Hubbell, Atmor, Eccotemp Systems, Drakken, Midea Group

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Tankless water heaters, also known as instantaneous or on-demand water heaters, provide hot water without using a storage tank. Like tank water heaters, tankless water heaters use either gas or electricity to operate. Cold water travels through a pipe into the unit, and either a gas burner or an electric element heats the water. Tankless water heaters can be supplementary units placed at the point of use or can replace a centralized tank water heater.

In terms of volume, the Point-of-Use segment accounts bigger market share than Whole-House, in 2012 Point-of-Use segmented accounted for about 54.51% and about 53.69% in 2017. In terms of Value, in 2012 Whole-House accounted for about 70.84% share and in 2017 Whole-House will account for about 70.93% share.

Segmentation

Segment by Type, the Tankless Electric Water Heater market is segmented into
Whole-House
Point-of-Use

Segment by Application
Residential
Commercial

By Geography

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Important Features that are under offering and key highlights of the report:

Detailed overview of Tankless Electric Water Heater market

In-depth market segmentation by Type, Application etc.

Historical, current and projected market size in terms of volume and value

Recent industry trends and developments

Competitive landscape of Tankless Electric Water Heater market

Strategies of key players and product offerings

Potential and niche segments/regions exhibiting promising growth

A neutral perspective towards Tankless Electric Water Heater market performance

Must-have information for market players to sustain and enhance their market footprint

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