Global Tankless Water Heater Market Size & Outlook
Global tankless water heater market, 2021-2033 (US$M)
Related Markets
Global tankless water heater market highlights
- The global tankless water heater market generated a revenue of USD 4,020.1 million in 2024 and is expected to reach USD 9,413.2 million by 2033.
- The market is expected to grow at a CAGR (2025 - 2033) of 10.2% by 2033.
- In terms of segment, electric accounted for a revenue of USD 3,010.4 million in 2024.
- Electric is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2033.
Global data book summary
| Market revenue in 2024 | USD 4,020.1 million |
| Market revenue in 2033 | USD 9,413.2 million |
| Growth rate | 10.2% (CAGR from 2025 to 2033) |
| Largest segment | Electric |
| Fastest growing segment | Electric |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electric, Gas |
Other key industry trends
- In terms of revenue, the North America accounted for 22.6% of the global tankless water heater market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2033.
- By country, China is the fastest growing regional market and is projected to reach USD 461.8 million by 2033.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Tankless Water Heater Market Scope
Tankless Water Heater Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Navient Corp | View profile | 4500 | 13865 Sunrise Valley Drive, Herndon, VA, United States, 20171 | https://www.navient.com |
| Noritz Corp | View profile | 7174 | 93 Edo-machi, Chuo-ku, Kobe, Japan, 650-0033 | http://www.noritz.co.jp |
| Rinnai Corp | View profile | 12731 | 2-26, Fukuzumi-cho, Nakagawa-ku, Nagoya, Japan, 454-0802 | http://www.rinnai.co.jp |
| Takagi Seiko | View profile | - | Iwafune, Niigata, Japan, Asia | http://www.takagi-j.com |
| A.O. Smith Corp | View profile | 12000 | 11270 West Park Place, P. O. Box 245008, Suite 170, Milwaukee, WI, United States, 53224-9508 | https://www.aosmith.com |
| Stiebel Eltron | View profile | 11-50 | West Hatfield, Massachusetts, United States, North America | http://www.stiebel-eltron-usa.com |
| Palomar Holdings Inc | View profile | 213 | 7979 Ivanhoe Avenue, Suite 500, La Jolla, CA, United States, 92037 | https://plmr.com |
Global tankless water heater market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to tankless water heater market will help companies and investors design strategic landscapes.
Electric was the largest segment with a revenue share of 74.88% in 2024. Horizon Databook has segmented the Global tankless water heater market based on electric, gas covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Tankless Water Heater Product Outlook (Revenue, USD Million, 2021-2033)
- Electric
- Gas
- Global Tankless Water Heater Application Outlook (Revenue, USD Million, 2021-2033)
- Residential
- Commercial
Reasons to subscribe to Global tankless water heater market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global tankless water heater market databook
-
Our clientele includes a mix of tankless water heater market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global tankless water heater market , including forecasts for subscribers. This global databook contains high-level insights into Global tankless water heater market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Global tankless water heater market size, by regions, 2021-2033 (US$M)
Top 10 countries: Tankless water heater market size, 2024 (US$M)
Global tankless water heater market share, by application, 2024 & 2033 (%, US$M)
Tankless water heater market: Opportunity assessment by country
Global tankless water heater market, by region, 2024 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
