UK Tankless Water Heater Market Size & Outlook, 2023-2030

The tankless water heater market in UK is expected to reach a projected revenue of US$ 278.3 million by 2030. A compound annual growth rate of 8.8% is expected of UK tankless water heater market from 2024 to 2030.

Revenue, 2023 (US$M)
$154.7
Forecast, 2030 (US$M)
$278.3
CAGR, 2024 - 2030
8.8%
Report Coverage
UK

UK tankless water heater market highlights

  • The UK tankless water heater market generated a revenue of USD 154.7 million in 2023 and is expected to reach USD 278.3 million by 2030.
  • The UK market is expected to grow at a CAGR of 8.8% 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 2023USD 154.7 million
Market revenue in 2030USD 278.3 million
Growth rate8.8% (CAGR from 2023 to 2030)
Largest segmentElectric
Fastest growing segmentElectric
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationElectric, Gas
Key market players worldwideA.O. Smith Corp, Palomar Holdings Inc, Rinnai Corp, Stiebel Eltron, Takagi Seiko, Noritz Corp, Navient Corp

Other key industry trends

  • In terms of revenue, UK accounted for 4.1% 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 Europe, UK tankless water heater market is projected to lead the regional market in terms of revenue in 2030.
  • Germany is the fastest growing regional market in Europe and is projected to reach USD 212.8 million by 2030.

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Tankless Water Heater Market Scope

Tankless Water Heater Market Companies

Name Profile # Employees HQ Website

UK 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 70.33% in 2023. Horizon Databook has segmented the UK tankless water heater market based on electric, gas covering the revenue growth of each sub-segment from 2018 to 2030.


  • UK Tankless Water Heater Product Outlook (Revenue, USD Million, 2018-2030)
    • Electric
    • Gas
  • UK Tankless Water Heater Application Outlook (Revenue, USD Million, 2018-2030)
    • Residential
    • Commercial

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  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK tankless water heater market , including forecasts for subscribers. This country databook contains high-level insights into UK tankless water heater market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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UK tankless water heater market size, by product, 2018-2030 (US$M)

UK Tankless Water Heater Market Outlook Share, 2023 & 2030 (US$M)

UK tankless water heater market size, by product, 2018-2030 (US$M)

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