Brazil Tankless Water Heater Market Size & Outlook
Brazil tankless water heater market, 2018-2030 (US$M)
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Brazil tankless water heater market highlights
- The Brazil tankless water heater market generated a revenue of USD 250.6 million in 2023 and is expected to reach USD 376.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, electric was the largest revenue generating product in 2023.
- Electric is the most lucrative product segment registering the fastest growth during the forecast period.
Tankless water heater market data book summary
| Market revenue in 2023 | USD 250.6 million |
| Market revenue in 2030 | USD 376.1 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Electric |
| Fastest growing segment | Electric |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electric, Gas |
| Key market players worldwide | A.O. Smith Corp, Palomar Holdings Inc, Rinnai Corp, Stiebel Eltron, Takagi Seiko, Noritz Corp, Navient Corp |
Other key industry trends
- In terms of revenue, Brazil accounted for 6.7% of the global tankless water heater market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil tankless water heater market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 376.1 million by 2030.
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Tankless Water Heater Market Scope
Tankless Water Heater Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 70.71% in 2023. Horizon Databook has segmented the Brazil tankless water heater market based on electric, gas covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil’s residential water heating systems, including traditional electric showers, accounted for a significant part of the household energy consumption. Therefore, consumers have been opting for energy efficient bath shower heating solutions in order to reduce the energy consumption and save electricity expenses. This growing trend has boosted the demand for the tankless water heating product in this nation.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil tankless water heater market , including forecasts for subscribers. This country databook contains high-level insights into Brazil tankless water heater market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil tankless water heater market size, by product, 2018-2030 (US$M)
Brazil Tankless Water Heater Market Outlook Share, 2023 & 2030 (US$M)
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