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Market Research Report

United States Tankless Water Heaters Market Outlook 2017-2025, Research Report, Size, Industry Analysis, Demand, Growth, Regional Segmentation

Published On : 2018-06-21 Report Page : 230 Category: Consumer Retail

United States Tankless Water Heaters Market Outlook 2017-2025

Market Overview

The energy conservation concerns and Innovating technologies have led to development of tankless water heaters, which works on the principle of heat transfer, using gas or electricity as a fuel and eliminating the consumption of excess energy compared to traditional water heaters i.e. they 22% more energy efficient. The technological advancements to reduce energy consumption in residential and commercial places is increasing the demand for tankless water heaters, thus propelling the growth of the market all over the region.  In 2017, consumers in U.S. had experienced energy saved by 8%-14% as per use of hot water. Moreover, the trend of connected devices has enabled to control and monitor tankless water heaters through smartphones, is further impelling the growth of United States tankless water heaters market. Installation of tankless water heaters is seen to be increasing in commercial spaces, mainly in urban cities such as hotels and office spaces as compared to residential spaces, which are equipped with advanced technologies. Moreover, the major players in U.S. such as Rinani are witnessing strong demand for replacements of traditional water heaters followed by demand from the new construction sites. The supply of tankless water heaters is strengthened by the growth of United States e-commerce sector and logistics which has boosted the sales by 16.4% in 2017. Further, tankless water heaters can be installed either indoor or outdoor spaces as per the preference of the consumers. Goldstein Research analyst forecast that the United States tankless water heaters market is set to reach USD 3,059 million by 2024, growing at a CAGR of 5.31% over the forecast period (2017-2025).

United States Tankless Water Heaters Market Segmentation

By Fuel Type

  • Electric Tankless Water Heater
  • Gas Tankless Water Heater

By Technology

  • Condensing
  • Non-Condensing

Non-condensing technology based electric tankless water heaters have higher demand as is their functioning it pushes out hot gases out of the vent to avoid corrosion. Non-condensing electric 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

Covered In This United States Tankless Water Heaters Market Report  

The report covers the present ground scenario and the future growth prospects of the tankless water heaters market in United States 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 United States region. United States tankless water heaters market is forecasted on the basis of electric tankless water heaters units produced and shipped.

United States 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 United States 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. “United States 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 United States tankless water heaters market report comprises of the following companies as the key players: Rinnai Corporation, Bosch GmbH, A.O. Smith Corporation, Bradford White Corporation, Hotter Electric, Atmor & Eemax, Nortiz Corporation, Inc., Stiebel Eltron, Rheem Manufacturing Company, Alpha Electric 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 United States 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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United States Tankless Water Heaters Market Outlook 2017-2025, Research Report, Size, Industry Analysis, Demand, Growth, Regional Segmentation

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