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Market Research Report

Gas Tankless Water Heater Market: Industry Size, Share, Demand, Trends, Segmentation (by Region, by Product type), Global Research Report, Forecast 2017-2025

Published On : 2018-05-08 Report Page : 290 Category: Hardware and ICT

Global Gas Tankless Water Heaters Market Outlook 2017-2025

Market Overview

The technological advancements for energy conservation concerns have led to development of tankless water heaters that works on the heat transfer principle, using gas or electricity and reducing the consumption of unnecessary energy unlike the case of traditional water heaters. The technological innovations to reduce energy consumption nearly by 22%-40% in commercial and residential places and lower price of gas fuel compared to electric fuel are increasing the demand for gas tankless water heaters, and inducing the growth of the market all over the globe. The rising construction sector and development of smart homes and offices are further impelling the growth of global gas tankless water heaters market. Moreover, the growing e-commerce sector has facilitated the supply of gas tankless water heaters, increasing the sales by 23% in 2017. Installation of gas tankless water heaters are more preferred for more cost effective in longer term, long useful life, less installation space and immediate availability of hot water. Further, the challenge faced by the global gas tankless water heaters market is the higher cost than the traditional heaters that fails to cater the masses and also has lower output when using multiple taps/showers. Goldstein Research analyst forecast that the Global gas tankless water heaters market is set to reach USD 13,340 million by 2024, growing at a CAGR of 5.24% over the forecast period (2017-2025).

Global Gas Tankless Water Heaters Market Segmentation

By Technology

  • Condensing
  • Non-Condensing

Non-condensing technology based gas tankless water heaters have higher demand as is their functioning it pushes out hot gases out of the vent to avoid corrosion. Non-condensing gas tankless water heater uses stainless steel category 3 venting which reduces the maintenance but also increases the product cost and can be a barrier for growth of the market in some segments of the society.

By Installation Site

  • Outdoor
  • Indoor

By End-User

  • Residential
  • Commercial
  • Industrial

By Distribution Channel

  • Online
  • Offline

By Geography

  • North America (U.S. & Canada)  Global Gas Tankless Water Heaters Market {Market Share (%), Market Size (USD Billion)}
  • Latin America (Brazil, Mexico, Argentina & Rest Of Latin America)  Global Gas Tankless Water Heaters Market {Market Share (%), Market Size (USD Billion)}
  • Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & Roe)  Global Gas Tankless Water Heaters Market {Market Share (%), Market Size (USD Billion)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest Of Asia)  Global Gas Tankless Water Heaters Market {Market Share (%), Market Size (USD Billion)}
  • Middle East & Africa (GCC, South Africa, North Africa, Romea)  Global Gas Tankless Water Heaters Market {Market Share (%), Market Size (USD Billion)}

Based on geography, Europe accounted for largest market share followed by Asia-Pacific and North America. European countries are highly concerned towards sustainability and energy conservation, thus adapting different technologies towards reducing wastage and minimizing pollution thus acquired 29.4% market share in 2017. In APAC region China and India tends to be the fastest growing markets at a CAGR of 5.33% and 5.39% respectively on the back of urbanization and huge construction activities.

Covered In This Global Gas Tankless Water Heaters Market Report

The report covers the present ground scenario and the future growth prospects of the gas tankless water heaters market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Global. Global gas tankless water heaters market is forecasted on the basis of gas tankless water heaters units produced and shipped.

Global Gas Tankless Water Heaters Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Global gas tankless water heaters market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Gas Tankless Water Heaters Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our Global gas tankless water heaters market report comprises of the following companies as the key players: Bosch GmbH, A.O. Smith Corporation, Bradford White Corporation, Rinnai Corporation, Hotter Gas, Atmor & Eemax, Nortiz Corporation, Inc., Stiebel Eltron, Rheem Manufacturing Company, Alpha Gas Co., etc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Global Gas Tankless Water Heaters Market Report

  • What is the total market size by 2025 and what would be the expected growth rate of market?
  • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Gas Tankless Water Heater Market: Industry Size, Share, Demand, Trends, Segmentation (by Region, by Product type), Global Research Report, Forecast 2017-2025

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