Compared with conventional heaters, tankless electric water heaters have the advantages of low space utilization rate, high energy efficiency, long service life, and reduced the operating cost of heating solutions.Tankless electric water heaters are also known as instantaneous or on-demand water heaters that provide hot water without the use of storage tanks.A cistern water heater may be used as an auxiliary device or as a replacement for a centralized water heater.When water passes through, the water heater immediately heats the water.These heaters have no water tank and can be heated immediately with the help of a heat exchanger coil.These water heaters consist of copper heat exchanger coils and sensors.In addition, tankless water heaters use less energy because they only heat water when it flows through the faucet.Whenever the sensor detects water flow, the heat exchanger's temperature is raised by gas or electrical heating.In addition, water is heated as it circulates through the heat exchanger.
This report contains market size and forecasts of Electric Tankless Water Heater in global, including the following market information:
Global Electric Tankless Water Heater Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Electric Tankless Water Heater Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Electric Tankless Water Heater companies in 2021 (%)
The global Electric Tankless Water Heater market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Multi-Position Electric Water Heater Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Electric Tankless Water Heater include Eemax, Stiebel Eltron, EcoSmart, IHeat, Rheem EcoSense, Bosch, Eccotemp, Noritz and Seisco, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Electric Tankless Water Heater manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electric Tankless Water Heater Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Electric Tankless Water Heater Market Segment Percentages, by Type, 2021 (%)
Multi-Position Electric Water Heater
Constant Temperature Electric Water Heater
Electric Heating Faucet
Global Electric Tankless Water Heater Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Electric Tankless Water Heater Market Segment Percentages, by Application, 2021 (%)
Hotel
Restaurant
Hospital
Household
Other
Global Electric Tankless Water Heater Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Electric Tankless Water Heater Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Electric Tankless Water Heater revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Electric Tankless Water Heater revenues share in global market, 2021 (%)
Key companies Electric Tankless Water Heater sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Electric Tankless Water Heater sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Eemax
Stiebel Eltron
EcoSmart
IHeat
Rheem EcoSense
Bosch
Eccotemp
Noritz
Seisco
Bradley
MAREY
Olayk
Ferroli
Dente
AIRBOO
Midea
Haier
Rinnai Corporation
Alpha Electric
A.O. Smith Corporation
Hotter Electric (Zriha Hlavin Industries)
Hubbell
Atmor
Drakken
Bradford White Corporation