Tankless water heaters, also known as instantaneous or on-demand water heaters, provide hot water without using a storage tank. Like tank water heaters, tankless water heaters use either gas or electricity to operate. Cold water travels through a pipe into the unit, and either a gas burner or an electric element heats the water. Tankless water heaters can be supplementary units placed at the point of use or can replace a centralized tank water heater.
This report contains market size and forecasts of Instant Electric Water Heaters in global, including the following market information:
Global Instant Electric Water Heaters Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Instant Electric Water Heaters Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Instant Electric Water Heaters companies in 2021 (%)
The global Instant Electric Water Heaters market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Whole-House Instant Electric Water Heaters Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Instant Electric Water Heaters include Bosch, Rheem, A. O. Smith, Stiebel Eltron, Bradford White Corporation, Eemax, Hubbell, Atmor and Eccotemp Systems, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Instant Electric Water Heaters 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 Instant Electric Water Heaters Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Instant Electric Water Heaters Market Segment Percentages, by Type, 2021 (%)
Whole-House Instant Electric Water Heaters
Point-of-Use Instant Electric Water Heaters
Global Instant Electric Water Heaters Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Instant Electric Water Heaters Market Segment Percentages, by Application, 2021 (%)
Residential
Commercial
Global Instant Electric Water Heaters Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Instant Electric Water Heaters 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 Instant Electric Water Heaters revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Instant Electric Water Heaters revenues share in global market, 2021 (%)
Key companies Instant Electric Water Heaters sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Instant Electric Water Heaters sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Bosch
Rheem
A. O. Smith
Stiebel Eltron
Bradford White Corporation
Eemax
Hubbell
Atmor
Eccotemp Systems
Drakken
Rinnai
Navien
EcoSmart
Noritz