Global Tankless Water Heater Market 2018-2022: Rise in Popularity of Smart Connected Tankless Water Heaters

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May 23, 2018, 11:30 ET

DUBLIN, May 23, 2018 /PRNewswire/ --

The "Global Tankless Water Heater Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global tankless water heater market to grow at a CAGR of 7.03% during the period 2018-2022.

Global Tankless Water Heater Market 2018-2022, 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.

One trend in the market is rise in preference for energy-efficient tankless water heaters. Tankless water heaters are gaining popularity among customers due to their energy-saving capacity over storage water heaters. The principle working mechanism of tankless water heaters is by providing and heating water on demand rather than storing the heated water.

According to the report, one driver in the market is technological innovations in design and higher efficiency. Tankless heaters are gaining traction as they are innovative in terms of design and efficiency. The growing sales of tankless water heaters in residential and commercial establishments have compelled the vendors to focus on launching products that meet the customers' requirements.

Further, the report states that one challenge in the market is high operational and installation cost. The adoption of tankless water heaters has several costs associated with it apart from the cost of the water heater. The average cost of installing a single unit if tankless water heater is approximately $1,700.

Key questions answered in this report

What will the market size be in 2022 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?

Key vendors

A.O. Smith
Bradford White
NORITZ AMERICA
Rheem Manufacturing
Rinnai

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

Market ecosystem
Market characteristics
Market segmentation analysis

PART 05: MARKET SIZING

Market definition
Market sizing 2017
Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

PART 07: MARKET SEGMENTATION BY RETAIL DISTRIBUTION CHANNEL

Segmentation by retail distribution channel
Global tankless water heater market by offline retail distribution channel
Global tankless water heater market by online retail distribution channel

PART 08: MARKET SEGMENTATION BY PRODUCT

Segmentation by product
Comparison by product
Electric tankless water heaters - Market size and forecast 2017-2022
Gas tankless water heaters - Market size and forecast 2017-2022
Market opportunity by product

PART 09: CUSTOMER LANDSCAPE

PART 10: MARKET SEGMENTATION BY END-USER

Segmentation by end-user
Comparison by end-user
Residential - Market size and forecast 2017-2022
Commercial - Market size and forecast 2017-2022
Market opportunity by end-user

PART 11: REGIONAL LANDSCAPE

Geographical segmentation
Regional comparison
EMEA - Market size and forecast 2017-2022
APAC - Market size and forecast 2017-2022
Americas - Market size and forecast 2017-2022
Key leading countries
Market opportunity

PART 12: DECISION FRAMEWORK

PART 13: DRIVERS AND CHALLENGES

Market drivers
Market challenges

PART 14: MARKET TRENDS

Rise in preference for energy-efficient tankless water heaters
Rise in popularity of smart connected tankless water heaters
Emergence of multi-channel marketing for tankless water heaters

PART 15: VENDOR LANDSCAPE

Overview
Landscape disruption
Competitive landscape

PART 16: VENDOR ANALYSIS

Vendors covered
Vendor classification
Market positioning of vendors

PART 17: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/cjvhpg/global_tankless?w=5

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SOURCE Research and Markets