The global tankless water heater market is expected to grow at a CAGR of around 6.8% during 2023-2030. This report on global tankless water heater market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global tankless water heater market by segmenting the market based on technology, energy source, energy factor, application, end user, and region. Also, detailed profiles of companies operating in the tankless water heater market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Drivers
• Increased Adoption of Tankless Water Heaters
• Technological Advancements
• Improving Standard of Living

Market Challenges
• Competition from Alternative Products
• Impact of COVID-19

Historical & Forecast Period

Base Year: 2022
Historical Period: 2018-2022
Forecast Period: 2023-2030

Market by Technology
• Condensing Tankless Water Heaters
• Non-condensing Tankless Water Heaters

Market by Energy Source
• Electric Tankless Water Heaters
• Gas Tankless Water Heater

Market by Energy Factor
• 0 to 0.79 EF
• 0.80 to 0.89 EF
• 0.90 EF and Above

Market by Application
• Indoor Tankless Water Heaters
• Outdoor Tankless Water Heaters

Market by End User
• Residential
• Commercial

Market by Region
• Europe
   - Germany
   - United Kingdom
   - France
   - Italy
   - Spain
   - Russia
   - Netherlands
   - Rest of Europe
• North America
   - United States
   - Canada
• Asia Pacific
   - China
   - Japan
   - India
   - South Korea
   - Australia
   - Indonesia
   - Rest of Asia Pacific
• Latin America
   - Mexico
   - Brazil
   - Argentina
   - Rest of Latin America
• Middle East & Africa
   - Saudi Arabia
   - Turkey
   - Iran
   - Rest of Middle East & Africa