Tankless water heaters are the type of heaters which directly heats the water when the water passes through it. Tankless water heaters are also known as demand-type or instantaneous water heaters. Tankless water heater does not contain a tank for storage and heats the water with the support of heat exchanger coils. These water heaters are made up of sensors and copper heat exchanger coils. Meanwhile, it is considered as energy efficient as it only heats water when water is flowing through unit. The electric tankless water heaters operate on the standard of heat transfer. The temperature of the water heater is increased by using gas or electric as a source. The advancement in technology and energy conservation has resulted in the development of tankless water heater which unlike traditional water heaters eliminates the excess energy consumed. It reduces energy consumption by 22%. Additionally, development in the residential and commercial sectors is raising the demand for tankless water heater which results in the growth of the market.

The tankless water heater market is segmented on the basis of energy source and end-user. On the basis of energy source, the global tankless water heater market is segmented into electric and gas. Further, on the basis of end-user, the market is segmented into residential, commercial and industrial. Furthermore, the tankless water heater market is segmented on the basis of regions include North America, Europe, Asia Pacific and rest of the world (RoW). Geographically, Asia-Pacific is leading the global tankless water heater market in 2018 followed by North America and Europe. The tankless water heater market is led by various key manufacturers such as Ariston Thermo Group, Bosch GmbH, Qingdao Haier Co., Ltd., A.O. Smith Corporation, and Bradford White Corporation. These companies are challenging on the basis of footprint, new product launches, improving geographical product and competitive prices of the products.

There are various companies involved in the global tankless water heater market such as Alpha Electric Co., Bradley Corp., Chronomite, Inc., EZ Tankless, Inc., Hubbell, Inc., and Stiebel Eltron GmbH. These companies are focused on developing various solutions to stay competitive in the market. Geographical expansion, merger and acquisition, finding a new market or innovate in their core competency in order to expand individual market share are the key strategies adopted by major market players.

Research Methodology:

The market study of the global tankless water heater market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Authentic public databases.
• Whitepapers, research-papers and news blogs.
• Company websites and their product catalog.

The report is intended for water heater manufactures and supplier & distributor for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

• Global Tankless Water Heater Market Research and Analysis by Energy Source
• Global Tankless Water Heater Market Research and Analysis by End-User

The Report Covers:

• Comprehensive research methodology of the global tankless water heater market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global tankless water heater market.
• Insights about market determinants which are stimulating the global tankless water heater market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive company profiles and recent developments of market players.