Japan Tankless Water Heater Market Size & Outlook
Japan tankless water heater market, 2018-2030 (US$M)
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Japan tankless water heater market highlights
- The Japan tankless water heater market generated a revenue of USD 433.8 million in 2023 and is expected to reach USD 807.6 million by 2030.
- The Japan market is expected to grow at a CAGR of 9.3% 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 433.8 million |
| Market revenue in 2030 | USD 807.6 million |
| Growth rate | 9.3% (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, Japan accounted for 11.6% 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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Japan 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 62.84% in 2023. Horizon Databook has segmented the Japan tankless water heater market based on electric, gas covering the revenue growth of each sub-segment from 2018 to 2030.
It contributes for more than 40% revenue share of Asia Pacific. The government initiative to build green homes in Japan has fueled the demand for the product in this nation. Furthermore, presence of key manufacturers, including Rinnai Corporation and Takagi, has boosted the product availability and market growth in Japan.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan tankless water heater market , including forecasts for subscribers. This country databook contains high-level insights into Japan tankless water heater market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan tankless water heater market size, by product, 2018-2030 (US$M)
Japan Tankless Water Heater Market Outlook Share, 2023 & 2030 (US$M)
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