1 / 8

An Overview Of Global Tankless Water Heater Market 2016-2021

The global tankless water heater market is showing an increasing trend as more and more customers are preferring eco-friendly energy-efficient products.

waterheaterman
Télécharger la présentation

An Overview Of Global Tankless Water Heater Market 2016-2021

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. AN OVERVIEW OF GLOBAL TANKLESS WATER HEATER MARKET 2016-2021

  2. Market Outlook Of Tankless Water Heater Global tankless water heater market is expected to expand at a CAGR of 4.9% between 2016-2021 according to a report by Persistence Market Research. Technological advancements and the constant change in consumer preferences revolutionized the design of home appliances. Consumers are trying to go green with better energy-efficient and eco-friendly products. Modern tankless water heaters are more efficient and convenient to use and so consumers are trying to switch to tankless water heaters. New residential constructions and home improvement projects acts as a major driver for the water heater market as it resulted in greater investments on water heater.

  3. Key Findings In The Global Tankless Water Heater Market • In 2016, revenue generation from sale of tankless water heaters is estimated at US$16.9 Bn. • Highly efficient water heaters with better longevity and compact size are the major factors driving the global market. • Tankless water heaters are receiving government support through campaigning, subsidies and rebates as they continue to become an effective alternative. • Applications of tankless water heaters can be found both indoor, outdoor, commercial and residential areas. • The global market is dominated by Europe with the highest share and is projected to increase at a CAGR of 3.8% • North America will grow as the fastest and Asia Pacific to follow up during the forecast period.

  4. Product Segmentation Of The Tankless Water Heater Market 1. Electric Tankless Water Heaters 2. Gas Tankless Water Heaters Electric tankless water heaters which dominated the market during 2015 is expected to grow at a CAGR of 10% during the forecast period. Cost of electric tankless water heaters are lower compared to gas and they do not require separate gas lines and venting requirements. Maintenance cost is also much less and so it is preferred over gas tankless water heaters. China is the major user of gas tankless water heater while India dominated the electric tankless water heater market.

  5. Geographical Segmentation Of The Tankless Water Heater Market • Americas • APAC • EMEA Major water heater market share is dominated by APAC with a 8% CAGR growth rate during the forecast period. China, India, Japan, Australia and New Zealand are among the major countries. According to Technavio’s report North America is expected to have a 3% CAGR growth rate in the water heater market by 2020. The EMEA market consists of a good number of consumers, manufacturers and exporters of tankless water heaters and is experiencing major growth. Electric tankless water heaters have better sales compared to gas tankless water heaters in EMEA countries.

  6. Leading Companies Operating In Global Tankless Water Heaters Local and regional vendors operating out of North America, Europe and APAC are dominating the global tankless water heater market. Some of the key players in this field includes: • A.O. Smith Corporation • Bosch • Bradford White Corporation • Noritz Corporation • Rheem Manufacturing Company • Rinnai With the global market becoming more and more stronger it will eventually reduce the number of low quality vendors over the years.

  7. Contact Us PowerPoint Presentation prepared by Water Heater Man Call: 405-844-8265 Visit our Website: www.waterheatermanokc.com Location : 1709 S. Fretz, Suite 130Edmond, OK 73013

More Related