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Tankless GAS Water Heater Market

Tankless GAS Water Heater Market

Tankless GAS Water Heater Market Global Industry Assessment & Forecast

# Pages:


Base Year:


Nov - 2021


Report Code:


Segments Covered
  • By Product Electric, Gas
  • By Application Residential, Commercial
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 3.21 Billion
Revenue 2028Revenue 2028: 5.44 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 6.81%
Fastest Growing Region Fastest Growing Region (2022 - 2028) North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

The report delivers an acute breakdown of the market based on various segments such as Product, Application and region. This study comprises the market size in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities. 

On the basis of Product, the market is divided into Electric, Gas. Gas is expected to dominate the market and is projected to grow at a noteworthy CAGR within the forecast period.

Based on Application, the market is divided into Residential, Commercial. Commercial attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Tankless GAS Water Heater Market: Product Segment Analysis

    • Electric
    • Gas

Global Tankless GAS Water Heater Market: Application Segment Analysis

    • Residential
    • Commercial
Frequently Asked Question
  • The global Tankless GAS Water Heater valued at 3.21 Billion in 2020 and is expected to reach 5.44 Billion in 2028 growing at a CAGR of 6.81%%.

  • The prominent players in the market are Reliance Water Heater Company, Kanch Water Heaters, State Industries, A.O Smith, Whirlpool, Bradford White, Hubbell, Eccotemp Systems, Haier Electronics, Ariston Thermo, Viessmann, Ferroli, Bosch, Vaillant, Heat Transfer, Products Inc., Rinnai, Electrolux, Noritz Corporation, Saudi Ceramics, Linuo Ritte, Rheem, Jaquar..

  • The market is project to grow at a CAGR of 6.81%% between 2021 and 2028.

  • The driving factors of the Tankless GAS Water Heater include

    • The increasing population and rapid urbanization coupled with increasing demand for energy efficient water heaters is expected to augment the growth of the tankless gas water heater during the forecast period.
    • Additionally, the rapid increase in the adoption of these heaters among residential and commercial sectors as they are capable of saving space and energy is also expected to boost the tankless water heater market growth over the forecast period.

  • North America was the leading regional segment of the Tankless GAS Water Heater in 2020.