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An Overview Of Global Tankless Water Heater Market

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Global Tankless Water Heater market is on the rise as more people are looking for eco-friendly energy-efficient water heaters. – PowerPoint PPT presentation

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Title: An Overview Of Global Tankless Water Heater Market


1
AN OVERVIEW OF GLOBAL TANKLESS WATER HEATER
MARKET 2016-2021
2
Market Outlook Of Tankless Water Heater
  • Global tankless water heater market is expected
    to expand at a CAGR of 4.9 between 2016-2021
    according to a report by Persistence Market
    Research. Technological advancements and the
    constant change in consumer preferences
    revolutionized the design of home appliances.
    Consumers are trying to go green with better
    energy-efficient and eco-friendly products.
    Modern tankless water heaters are more efficient
    and convenient to use and so consumers are trying
    to switch to tankless water heaters. New
    residential constructions and home improvement
    projects acts as a major driver for the water
    heater market as it resulted in greater
    investments on water heater.

3
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4
Key Findings In The Global Tankless Water Heater
Market
  • In 2016, revenue generation from sale of tankless
    water heaters is estimated at US16.9 Bn.
  • Highly efficient water heaters with better
    longevity and compact size are the major factors
    driving the global market.
  • Tankless water heaters are receiving government
    support through campaigning, subsidies and
    rebates as they continue to become an effective
    alternative.
  • Applications of tankless water heaters can be
    found both indoor, outdoor, commercial and
    residential areas.
  • The global market is dominated by Europe with the
    highest share and is projected to increase at a
    CAGR of 3.8
  • North America will grow as the fastest and Asia
    Pacific to follow up during the forecast period.

5
Product Segmentation Of The Tankless Water Heater
Market
  • 1. Electric Tankless Water Heaters
  • 2. Gas Tankless Water Heaters
  • Electric tankless water heaters which dominated
    the market during 2015 is expected to grow at a
    CAGR of 10 during the forecast period. Cost of
    electric tankless water heaters are lower
    compared to gas and they do not require separate
    gas lines and venting requirements. Maintenance
    cost is also much less and so it is preferred
    over gas tankless water heaters. China is the
    major user of gas tankless water heater while
    India dominated the electric tankless water
    heater market.

6
Geographical Segmentation Of The Tankless Water
Heater Market
  • Americas
  • APAC
  • EMEA
  • Major water heater market share is dominated by
    APAC with a 8 CAGR growth rate during the
    forecast period. China, India, Japan, Australia
    and New Zealand are among the major countries.
    According to Technavios report North America is
    expected to have a 3 CAGR growth rate in the
    water heater market by 2020. The EMEA market
    consists of a good number of consumers,
    manufacturers and exporters of tankless water
    heaters and is experiencing major growth.
    Electric tankless water heaters have better sales
    compared to gas tankless water heaters in EMEA
    countries.

7
Leading Companies Operating In Global Tankless
Water Heaters
  • Local and regional vendors operating out of North
    America, Europe and APAC are dominating the
    global tankless water heater market. Some of the
    key players in this field includes
  • A.O. Smith Corporation
  • Bosch
  • Bradford White Corporation
  • Noritz Corporation
  • Rheem Manufacturing Company
  • Rinnai
  • With the global market becoming more and more
    stronger it will eventually reduce the number of
    low quality vendors over the years.

8
Contact Us
  • PowerPoint Presentation prepared by Water Heater
    Man
  • Call 405-844-8265
  • Visit our Website
  • www.waterheatermanokc.com
  • Location 1709 S. Fretz, Suite 130Edmond, OK
    73013
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