China Tankless Water Heater Market Size & Outlook
China tankless water heater market, 2018-2030 (US$M)
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China tankless water heater market highlights
- The China tankless water heater market generated a revenue of USD 145.0 million in 2023 and is expected to reach USD 311.5 million by 2030.
- The China market is expected to grow at a CAGR of 11.5% from 2024 to 2030.
- In terms of segment, electric was the largest revenue generating product in 2023.
- Gas 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 145.0 million |
| Market revenue in 2030 | USD 311.5 million |
| Growth rate | 11.5% (CAGR from 2023 to 2030) |
| Largest segment | Electric |
| Fastest growing segment | Gas |
| 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, China accounted for 3.9% 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 Asia Pacific, Japan tankless water heater market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 311.5 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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China 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 69.66% in 2023. Horizon Databook has segmented the China tankless water heater market based on electric, gas covering the revenue growth of each sub-segment from 2018 to 2030.
The fast development of the building industry is a key driving force for the market in China. The new constructions have widened the opportunity for the product in this nation.
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Our clientele includes a mix of tankless water heater market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China tankless water heater market , including forecasts for subscribers. This country databook contains high-level insights into China tankless water heater market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China tankless water heater market size, by product, 2018-2030 (US$M)
China Tankless Water Heater Market Outlook Share, 2023 & 2030 (US$M)
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