Global Tankless Water Heater Market Worth $ 11.26 Billion by 2019

Date: 2016-09-12

Tankless water heaters, which are also sometimes called instantaneous hot water heaters or demand water heaters, are water heating systems for your home that do not have a storage tank. Tankless water heater includes electric and gas tankless water heaters on the base of classification, which represent 68% and 32% of global tankless water heater market. 

Household, Hotel and Restaurant are the main application of tankless water heater product and Europe is the largest tankless water heater market on production and consumption.

Global tankless water heater market is projected to reach $ 11.26 Billion by 2019, with a GAGR of 5.7% from 2015, and Asia will have a big dynamic momentum on the market growth. The major players in the global tankless water heater market are Rinnai, EcoSmart, Takagi, Navien, Siemens AG., Bosch, Stiebel Eltron etc.


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Joanna | Executive – International Business and partner Relations
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