Tankless Electric Water Heater Market

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.

Tankless Electric Water Heater Market contains market size and forecasts of Tankless Electric Water Heater in global, including the following market information:

Global Tankless Electric Water Heater Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Tankless Electric Water Heater Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Tankless Electric Water Heater companies in 2021 (%)

The global Tankless Electric Water Heater market was valued at 1391.2 million in 2021 and is projected to reach US$ 1729.5 million by 2028, at a CAGR of 3.2% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Whole-House Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Tankless Electric Water Heater include Stiebel Eltron, Rheem, Bosch, Bradford White Corporation, Eemax, Hubbell, Atmor, Eccotemp Systems and Drakken and etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Tankless Electric Water Heater manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Tankless Electric Water Heater Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Tankless Electric Water Heater Market Segment Percentages, by Type, 2021 (%)

Whole-House

Point-of-Use

Global Tankless Electric Water Heater Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Tankless Electric Water Heater Market Segment Percentages, by Application, 2021 (%)

Residential

Commercial

Global Tankless Electric Water Heater Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Tankless Electric Water Heater Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Tankless Electric Water Heater revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Tankless Electric Water Heater revenues share in global market, 2021 (%)

Key companies Tankless Electric Water Heater sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Tankless Electric Water Heater sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Stiebel Eltron

Rheem

Bosch

Bradford White Corporation

Eemax

Hubbell

Atmor

Eccotemp Systems

Drakken

Midea Group