Germany's tankless water heater market is projected to grow significantly during the forecast period (2020-2026). The major factor that propels the market growth in the country includes the growing demand for convenient water heaters in commercial and residential applications. As these water heaters are tankless water heaters are compact units that offer hot water as required, without storing it as traditional tank-type water heaters. The tankless water heaters are an energy-efficient substitute for conventional water heaters as it reduces standby losses. Therefore, the tankless water heaters are significantly adopted in residential and commercial applications for the reduction of in-home energy consumption and aid customers in saving utility costs.
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the full report description Germany Tankless Water Heater Market Size, Share
& Trends Analysis Report by Product Type (Electric Water Heater and Gas
Water Heater), by Application (Residential and Commercial) and Forecast
2020-2026 at
Moreover, the growing demand for heat pumps in the country further provides a significant opportunity for the market. According to the Clean Energy Wire organization, a total of 206.00 GW of electrical energy generation capacity was recorded in 2018 in Germany as compared to 202.51 GW in 2017. Demand for heat pumps for water heating is expected to increase due to the growing application of water heating equipment in the commercial and residential sectors. Some of the major companies operating in Germany and providing heat pumps include BDRThermea, Daikin Europe, Nibe, Vaillant Group, Viessmann Group, Buderus, Stiebel Eltron, Waterkotte, Wolf Heiztechnik, and others. Along with that the rising electricity bills, the residents often prefer not to install conventional water heaters at their residents. Hence, this becomes the major driving factor for the adoption of tankless water heaters in the country.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2019-2026 |
|
Base year |
2019 |
|
Forecast period |
2020-2026 |
|
Segments Covered |
By Product Type and By Application |
|
Key Companies Profiled |
A.O. Smith Corp., General Electric Co., NORITZ Corp., Rheem Manufacturing
Company, Inc., Robert Bosch
GmbH |
Key questions addressed by the report
o Recovery Timeline
o Most affected region/segment
o Recommendations
Germany Tankless Water Heater Market – Segmentation
By Product Type
By Application
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