The analysts forecast global tankless water heater market to grow at a CAGR of 8.88% during the period 2016-2020.
Advances in technology and changing consumer preferences have revolutionized the designs of home appliances. Consumers prefer to use energy-efficient and eco-friendly products. The demand for tankless water heaters will be driven by the need for convenient and efficient products. Their advantages over the older models of water heaters will prompt consumers to switch to tankless models.Covered in this report
The report covers the present scenario and the growth prospects of the global tankless water heater market for 2016-2020. To calculate market size, the report considers the revenue generated from the sale of the following types of tankless water heaters for the residential segment:
- Gas tankless water heaters
- Electric tankless water heaters
The report, Global Tankless Water Heater Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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- A.O. Smith Corporation
- Bradford White Corporation
- Noritz Corporation
- Rheem Manufacturing Company
Other prominent vendors
- Crompton Greaves Ltd.
- Eccotemp Systems
- Heat Transfer Products Inc.
- Reliance Water Heater Company
- Midea Group
- Advanced features of tankless water heaters
- New energy efficiency standards
- Connectivity-enabled innovations by leading vendors
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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