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Global Tankless Water Heater Market 2016-2020

About Tankless Water Heater

Advances in technology and changing consumer preferences have revolutionized the designs of home appliances. Consumers prefer to use energy-efficient and eco-friendly products. The demand for tankless water heaters will be driven by the need for convenient and efficient products. Their advantages over the older models of water heaters will prompt consumers to switch to tankless models.

Technavio’s analysts forecast the global tankless water heater market to grow at a CAGR of 8.88% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global tankless water heater market for 2016-2020. To calculate market size, the report considers the revenue generated from the sale of the following types of tankless water heaters for the residential segment:

  • Gas tankless water heaters
  • Electric tankless water heaters
Technavio's report, Global Tankless Water Heater Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • A.O. Smith Corporation
  • Bosch
  • Bradford White Corporation
  • Noritz Corporation
  • Rheem Manufacturing Company
  • Rinnai
Other
    prominent vendors
  • Crompton Greaves Ltd.
  • Eccotemp Systems
  • Electrolux
  • Heat Transfer Products Inc.
  • Reliance Water Heater Company
  • Rinnai
  • Midea Group
Market
    driver
  • Advanced features of tankless water heaters
  • For a full, detailed list, view our report
Market
    challenge
  • New energy efficiency standards
  • For a full, detailed list, view our report
Market
    trend
  • Connectivity-enabled innovations by leading vendors
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Tankless Water Heater Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Tankless Water Heater Market: A.O. Smith Corporation, Bosch, Bradford White Corporation, Noritz Corporation, Rheem Manufacturing Company and Rinnai.

Other Prominent Vendors in the market are: Crompton Greaves Limited, Eccotemp Systems, Electrolux, Heat Transfers Products Inc., Reliance Water Heater Company, and Midea Group.

Commenting on the report, an analyst from Technavio’s team said: “Vendors in the tankless water heater market are launching products with better user controls, digital thermostats, and indoor and outdoor models to capitalize on the market growth. Adoption of online retailing and social media marketing by key vendors will also impact the market significantly.”

According to the report, the superior features of tankless water heaters compared to conventional storage water heaters will be the primary driver for the market. Tankless water heaters heat water only when it is used, resulting in lesser consumption of energy, whereas the conventional water heaters stores heated water in a tank and reheats when the water cools down, thus consuming more energy.

Further, the report states that the market will experience challenges as the global average gas price is expected to rise significantly in the future. Gas prices are prone to drastic fluctuations compared to electric prices that are relatively stable around the world and will rise comparatively slowly in the future.

Companies Mentioned

A.O. Smith Corporation, Bosch, Bradford White Corporation, Noritz Corporation, Rheem Manufacturing Company, Rinnai, Crompton Greaves Limited, Eccotemp Systems, Electrolux, Heat Transfers Products Inc., Reliance Water Heater Company, Midea Group.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
    • Global water heater market
      • Table Types of water heaters
      • Table Energy consumption by end-users
      • Table Global storage water heater market 2015-2020 ($ billions)
    • Global tankless water heater market
      • Table Global tankless water heater market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global tankless water heater market by product 2015-2020
      • Table Global tankless water heater market by product 2015
      • Table Global tankless water heater market by product 2020
      • Table Global tankless water heater market by product 2015-2020
      • Table Global tankless water heater market by product 2015-2020 ($ billions)
      • Table Comparison of product features of electric tankless water heaters and gas tankless water heaters
    • Global electric tankless water heater market
      • Table Global electric tankless water heater market 2015-2020 ($ billions)
    • Global gas tankless water heater market
      • Table Global gas tankless water heater market 2015-2020 ($ billions)
  • Geographical segmentation
    • Global tankless water heater market by geography 2015-2020
      • Table Global tankless water heater market by geography 2015-2020 ($ billions)
      • Table Global tankless water heater market by geography 2015
      • Table Global tankless water heater market by geography 2020
      • Table Global tankless water heater market by geography 2015-2020
    • Tankless water heater market in APAC
      • Table Tankless water heater market in APAC 2015-2020 ($ billions)
      • Table Residential water heaters in APAC by volume 2014
      • Table Distribution channels of water heaters in APAC 2014
    • Tankless water heater market in EMEA
      • Table Tankless water heater market in EMEA 2015-2020 ($ billions)
      • Table Residential water heater market in Europe by volume in 2014
      • Table Residential water heater market in Middle East by volume in 2014
    • Tankless water heater market in Americas
      • Table Tankless water heater market in the Americas 2015-2020 ($ billions)
      • Table Residential water heater market in North America by volume 2014
      • Table Residential water heater market in Brazil by volume 2013
  • Vendor landscape
    • Market Share Analysis
      • Table Strategies used by A.O. Smith
    • Other prominent vendors
      • Table Crompton Greaves: Business segmentation
      • Table Eccotemp Systems: Product offerings
      • Table Eccotemp Systems: Business segmentation
      • Table Electrolux: Product offerings
      • Table Electrolux: Business segmentation
      • Table HTP: Product offerings
      • Table HTP: Business segmentation
      • Table Midea Group: Business segmentation
      • Table Reliance Water Heater Company: Product offerings
      • Table Reliance Water Heater Company: Business segmentation
      • Table Rinnai: Product offerings
      • Table Rinnai: Business segmentation
  • Key vendor analysis
    • A. O. Smith
      • Table A. O. Smith: Geographic segmentation by revenue 2014
    • Bosch
      • Table Bosch: Geographical segmentation by revenue 2014
    • Bradford White
      • Table Bradford White: Product segmentation
    • Noritz
    • Rheem Manufacturing
  • Appendix
    • List of abbreviations
  • Explore Technavio

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