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Tankless Electric Water Heater Market Report


Company Analysis, History and Future Overview, Global Sales Trends by 2025


Published Date: 2019-10-03   |   Pages: Ongoing   |   Tables: Ongoing   |  Report ID: 8136 |  Industry: Consumer Goods  |   Format : pdf word ppt excel



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Heaters that provide hot water with no usage of a storage tank are known as tankless electric water heaters. These heaters are also popularly known as instantaneous, flash, demand-type, or on-demand water heaters. Tankless electric water heaters make use of gas or electricity to function. Durability and low operational and energy costs are some of the advantages associated with these heaters.

A number of product innovations are taking place in the tankless electric water heater market. Hybrid electric water heater is one of them. It is known to be the quietest and smartest water heater. Moreover, less energy consumption and high efficiency are some of the key features of the heater. Such product introductions are anticipated to have a positive impact on the tankless electric water heater market growth.

Growing Need for Tankless Heaters to Boost the Market Growth

Increasing need for tankless heaters among end users and rise in the disposable income of the consumers are some of the key factors anticipated to drive the demand for tankless electric water heaters. It has been observed that the number of residential as well as commercial projects has witnessed an upsurge, which is raising the need for tankless electric water heaters.

Furthermore, surge in the awareness among end users pertaining to energy efficiency as well as environmental sustainability is estimated to bode well for the tankless electric water heater market. Government initiatives on the rural infrastructure development and incessant electricity availability in such areas is expected to open up new avenues for the tankless electric water heater market.

Key Players to come up with New Products

Key players operating in the global tankless electric water heater market include Eemax, Rheem, Bosch, Hubbell, Atmor, Drakken, Midea Group, Eccotemp Systems, and Bradford White Corporation. Manufacturers of tankless electric water heaters are laying emphasis on manufacturing products that are cost-effective as well as energy-efficient with the help of technological advancements. They are also making huge investments in R&D with an aim to provide innovative products and gain a competitive advantage.

For instance, lately, one of the key manufacturers, Rheem introduced water heaters with exceptional energy efficiency. These water heaters were especially designed for the residential sector. Wi-Fi and voice recognition features of the product enable the users to monitor temperature as well as water circulation as and when required with the help of smartphone.

Key Points to Remember

 Surge in the number of residential as well as commercial projects to act as a key driver in the global tankless electric water heater market

  Point-of-use tankless electric water heaters to witness a surge in the demand in the near future

 Tankless electric water heater is expected to gain popularity in the residential applications

 North America to maintain its supremacy in the global tankless electric water heater market in the years to come

By Product Type

 Whole-House

 Point-of-Use

      By Application

 Residential

 Commercial

    As per the analysts, the point-of-use tankless electric water heaters are expected to grab a major share in the tankless electric water heater market owing to their compact size, energy efficiency, and unlimited hot water. The report also provides comprehensive analysis of the other product segments of the global market. As far as the application is concerned, the residential sector is expected to grab a major share in the tankless electric water heater market. Shifting consumer inclination towards energy efficient products and rapid urbanization are the key factors driving the demand for these products in the residential sector.

By Region

world_regions

North America is expected to gain a major share in the tankless electric water heater market owing to surge in the popularity of tankless electric water heaters. Technological advancements and presence of leading manufacturers are also having a positive impact on the regional market growth. Europe is anticipated to emerge as a key region in the near future, the reason being large scale production of tankless electric water heaters. Infrastructure development in countries such as China and India could be one of the leading factors driving the tankless electric water heater market in Asia Pacific.

QYR Consulting uses its core strength to identify the trends that will shape the consumer goods industry in the coming decades. The launch of innumerable innovative products has dramatically changed lifestyles and outlook toward living. Relentless sales of a wide range of consumer goods have opened up growth avenues for several other industries such as electronics, clothing, and food and beverages amongst others. The reports listed below study how the changing economy, improving GDP, and rising purchasing power have created a fertile ground for growth of the consumer goods industry.

QYR Consulting deep dives into the changing patterns of the consumer goods industry that is spread over both developing and developed parts of the world. It estimates the market fluctuations and helps its readers to prepare for ever-changing consumer demands. The reports focus on giving the readers a thorough understanding of the competitive strategies of the companies to make meaningful business decisions.

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Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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  You must accept our privacy policies before submit your requirement




Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts.QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.



Tankless Electric Water Heater Market Report