Global Tankless Water Heater Market
Tankless Water Heater Market
According to Verified Market Research, Global Tankless Water Heater Market was valued at USD 2.66 Billion in 2018 and is projected to reach USD 4.57 Billion by 2026, growing at a CAGR of 6.99% from 2019 to 2026.
Global Tankless Water Heater Market Outlook
The rapid increase in the adoption of the tankless water heater in the residential and commercial division, owing to the specifically designed heater for restaurant, hotel, school, and the hospital is anticipated to increase the demand for the tankless water heater over the forecast period. Furthermore, manufacturers provide a water heater with an energy star rating, which will reduce the cost of the electric bills compared to the conventional water heater. Increasing demand for energy-efficient and eco-friendly products is fueling the demand over the forecast period. However, the high cost of a tankless water heater is a major restraining factor that may affect the growth of the market over the forecast period.
Global Tankless Water Heater Market Competitive Landscape
The Global Tankless Water Heater Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as A. O. Smith, heem Manufacturing Company, Rinnai Corporation, Navien Inc., Noritz America, Takagi, Stiebel Eltron Inc., EcoSmart Green Energy Products, Inc., Robert Bosch LLC, and Bradford White Corporation. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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