Middle East & Africa Tankless Water Heater Market Size & Outlook
Middle East & Africa tankless water heater market, 2018-2030 (US$M)
Related Markets
MEA tankless water heater market highlights
- The MEA tankless water heater market generated a revenue of USD 238.3 million in 2023.
- The market is expected to grow at a CAGR of 7.2% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 238.3 million |
| Market revenue in 2030 | USD 388.3 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Electric |
| Fastest growing segment | Electric |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 6.4% of the global tankless water heater market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 1,671.5 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Tankless Water Heater Market Scope
Tankless Water Heater Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 70.29% in 2023. Horizon Databook has segmented the Middle East & Africa tankless water heater market based on electric, gas covering the revenue growth of each sub-segment from 2018 to 2030.
One of the prominent trends in the MEA’s water heating market is space saving, environment friendly, and cost-effective products. The consultants and contractors have been opting for safe, energy efficient, and sustainable water heaters in MEA. As a result, increasing number of consumers are shifting towards tankless water heaters owing to the advantages offered by the product.
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Target buyers of Middle East & Africa tankless water heater market databook
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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 continent-level data and insights on the Middle East & Africa tankless water heater market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa tankless water heater market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA tankless water heater market size, by country, 2018-2030 (US$M)
Middle East & Africa Tankless Water Heater Market Outlook Share, 2023 & 2030 (US$M)
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