The Europe Tankless Water Heater Market would witness market growth of 6.2% CAGR during the forecast period (2022-2028).
The standby losses related to hot water heating may be lessened with the use of tankless water heaters. In various countries, tankless water heaters are quite popular. They still have a very limited presence in both the commercial and residential industries, even though they are gradually becoming more widespread in the residential sector of various developed and developing countries. When hot water is needed, a tankless water heater uses heating elements that are turned on by the flow of water (e.g. if a user takes a hot shower, etc.).
The tankless water heater immediately heats the water as it is being used. There is no storage tank because hot water is not kept warm in advance of use. Electric and natural gas variants of tankless water heaters are both available. The heating elements in electric tankless water heaters turn electrical energy into heat, and they are frequently positioned so that they are in direct contact with the water, allowing heat to be transmitted into the flow. When the water flow starts, the electric elements warm up, and when it stops, they cool down.
As a result of widespread product uptake and a movement in customer choice toward affordable and energy-efficient products, the U.K. is one of the most prominent nations in this sector. In addition, major manufacturers in the UK are investing extensively in R&D initiatives to improve consumer experiences and lower operating costs. Market expansion in the nation is anticipated to be driven by the introduction of devices with characteristics, like advanced heating capabilities, energy optimization, minimal standby losses, remote control, and Wi-Fi integration. Additionally, it is anticipated that the existence of significant market leaders like Bradford White Corp., Rinnai Corp., A.O. Smith Corporation, Robert Bosch GmbH, and others will positively affect the demand for tankless water heaters in the U.K.
The Germany market dominated the Europe Tankless Water Heater Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $747.3 million by 2028. The UK market is anticipated to grow at a CAGR of 5.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 7% during (2022 - 2028).
Based on Type, the market is segmented into Condensing and Non-Condensing. Based on Energy Source, the market is segmented into Electric and Gas. Based on Energy Factor, the market is segmented into 0.91 to 0.99 EF and 0.80 to 0.90 EF. Based on End User, the market is segmented into Commercial and Residential. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Tankless Water Heater Market will Hit $9.4 Billion by 2028, at a CAGR of 6.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include A. O. Smith Corporation, Robert Bosch GmbH, Stiebel Eltron GmbH & Co. KG, Takagi Seiko Co., Ltd., Kyungdong Navien Co., Ltd., Noritz Corporation, Bradford White Corporation, EcoSmart Green Energy Products, Inc., Rinnai Corporation, and Rheem Manufacturing Company.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Energy Source
By Energy Factor
- 91 to 0.99 EF
- 80 to 0.90 EF
By End User
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- A.O. Smith Corporation
- Robert Bosch GmbH
- Stiebel Eltron GmbH & Co. KG
- Takagi Seiko Co., Ltd.
- Kyungdong Navien Co., Ltd.
- Noritz Corporation
- Bradford White Corporation
- EcoSmart Green Energy Products, Inc.
- Rinnai Corporation
- Rheem Manufacturing Company
TABLE 1 Europe Tankless Water Heater Market, 2018 - 2021, USD Million
TABLE 2 Europe Tankless Water Heater Market, 2022 - 2028, USD Million
TABLE 3 Product Launches And Product Expansions – Tankless Water Heater Market
TABLE 4 Acquisition and Mergers – Tankless Water Heater Market
TABLE 5 Geographical Expansions – Tankless Water Heater Market
TABLE 6 Europe Tankless Water Heater Market by Type, 2018 - 2021, USD Million
TABLE 7 Europe Tankless Water Heater Market by Type, 2022 - 2028, USD Million
TABLE 8 Europe Condensing Market by Country, 2018 - 2021, USD Million
TABLE 9 Europe Condensing Market by Country, 2022 - 2028, USD Million
TABLE 10 Europe Non-Condensing Market by Country, 2018 - 2021, USD Million
TABLE 11 Europe Non-Condensing Market by Country, 2022 - 2028, USD Million
TABLE 12 Europe Tankless Water Heater Market by Energy Source, 2018 - 2021, USD Million
TABLE 13 Europe Tankless Water Heater Market by Energy Source, 2022 - 2028, USD Million
TABLE 14 Europe Electric Market by Country, 2018 - 2021, USD Million
TABLE 15 Europe Electric Market by Country, 2022 - 2028, USD Million
TABLE 16 Europe Gas Market by Country, 2018 - 2021, USD Million
TABLE 17 Europe Gas Market by Country, 2022 - 2028, USD Million
TABLE 18 Europe Tankless Water Heater Market by Energy Factor, 2018 - 2021, USD Million
TABLE 19 Europe Tankless Water Heater Market by Energy Factor, 2022 - 2028, USD Million
TABLE 20 Europe 0.91 to 0.99 EF Market by Country, 2018 - 2021, USD Million
TABLE 21 Europe 0.91 to 0.99 EF Market by Country, 2022 - 2028, USD Million
TABLE 22 Europe 0.80 to 0.90 EF Market by Country, 2018 - 2021, USD Million
TABLE 23 Europe 0.80 to 0.90 EF Market by Country, 2022 - 2028, USD Million
TABLE 24 Europe Tankless Water Heater Market by End User, 2018 - 2021, USD Million
TABLE 25 Europe Tankless Water Heater Market by End User, 2022 - 2028, USD Million
TABLE 26 Europe Commercial Market by Country, 2018 - 2021, USD Million
TABLE 27 Europe Commercial Market by Country, 2022 - 2028, USD Million
TABLE 28 Europe Residential Market by Country, 2018 - 2021, USD Million
TABLE 29 Europe Residential Market by Country, 2022 - 2028, USD Million
TABLE 30 Europe Tankless Water Heater Market by Country, 2018 - 2021, USD Million
TABLE 31 Europe Tankless Water Heater Market by Country, 2022 - 2028, USD Million
TABLE 32 Germany Tankless Water Heater Market, 2018 - 2021, USD Million
TABLE 33 Germany Tankless Water Heater Market, 2022 - 2028, USD Million
TABLE 34 Germany Tankless Water Heater Market by Type, 2018 - 2021, USD Million
TABLE 35 Germany Tankless Water Heater Market by Type, 2022 - 2028, USD Million
TABLE 36 Germany Tankless Water Heater Market by Energy Source, 2018 - 2021, USD Million
TABLE 37 Germany Tankless Water Heater Market by Energy Source, 2022 - 2028, USD Million
TABLE 38 Germany Tankless Water Heater Market by Energy Factor, 2018 - 2021, USD Million
TABLE 39 Germany Tankless Water Heater Market by Energy Factor, 2022 - 2028, USD Million
TABLE 40 Germany Tankless Water Heater Market by End User, 2018 - 2021, USD Million
TABLE 41 Germany Tankless Water Heater Market by End User, 2022 - 2028, USD Million
TABLE 42 UK Tankless Water Heater Market, 2018 - 2021, USD Million
TABLE 43 UK Tankless Water Heater Market, 2022 - 2028, USD Million
TABLE 44 UK Tankless Water Heater Market by Type, 2018 - 2021, USD Million
TABLE 45 UK Tankless Water Heater Market by Type, 2022 - 2028, USD Million
TABLE 46 UK Tankless Water Heater Market by Energy Source, 2018 - 2021, USD Million
TABLE 47 UK Tankless Water Heater Market by Energy Source, 2022 - 2028, USD Million
TABLE 48 UK Tankless Water Heater Market by Energy Factor, 2018 - 2021, USD Million
TABLE 49 UK Tankless Water Heater Market by Energy Factor, 2022 - 2028, USD Million
TABLE 50 UK Tankless Water Heater Market by End User, 2018 - 2021, USD Million
TABLE 51 UK Tankless Water Heater Market by End User, 2022 - 2028, USD Million
TABLE 52 France Tankless Water Heater Market, 2018 - 2021, USD Million
TABLE 53 France Tankless Water Heater Market, 2022 - 2028, USD Million
TABLE 54 France Tankless Water Heater Market by Type, 2018 - 2021, USD Million
TABLE 55 France Tankless Water Heater Market by Type, 2022 - 2028, USD Million
TABLE 56 France Tankless Water Heater Market by Energy Source, 2018 - 2021, USD Million
TABLE 57 France Tankless Water Heater Market by Energy Source, 2022 - 2028, USD Million
TABLE 58 France Tankless Water Heater Market by Energy Factor, 2018 - 2021, USD Million
TABLE 59 France Tankless Water Heater Market by Energy Factor, 2022 - 2028, USD Million
TABLE 60 France Tankless Water Heater Market by End User, 2018 - 2021, USD Million
TABLE 61 France Tankless Water Heater Market by End User, 2022 - 2028, USD Million
TABLE 62 Russia Tankless Water Heater Market, 2018 - 2021, USD Million
TABLE 63 Russia Tankless Water Heater Market, 2022 - 2028, USD Million
TABLE 64 Russia Tankless Water Heater Market by Type, 2018 - 2021, USD Million
TABLE 65 Russia Tankless Water Heater Market by Type, 2022 - 2028, USD Million
TABLE 66 Russia Tankless Water Heater Market by Energy Source, 2018 - 2021, USD Million
TABLE 67 Russia Tankless Water Heater Market by Energy Source, 2022 - 2028, USD Million
TABLE 68 Russia Tankless Water Heater Market by Energy Factor, 2018 - 2021, USD Million
TABLE 69 Russia Tankless Water Heater Market by Energy Factor, 2022 - 2028, USD Million
TABLE 70 Russia Tankless Water Heater Market by End User, 2018 - 2021, USD Million
TABLE 71 Russia Tankless Water Heater Market by End User, 2022 - 2028, USD Million
TABLE 72 Spain Tankless Water Heater Market, 2018 - 2021, USD Million
TABLE 73 Spain Tankless Water Heater Market, 2022 - 2028, USD Million
TABLE 74 Spain Tankless Water Heater Market by Type, 2018 - 2021, USD Million
TABLE 75 Spain Tankless Water Heater Market by Type, 2022 - 2028, USD Million
TABLE 76 Spain Tankless Water Heater Market by Energy Source, 2018 - 2021, USD Million
TABLE 77 Spain Tankless Water Heater Market by Energy Source, 2022 - 2028, USD Million
TABLE 78 Spain Tankless Water Heater Market by Energy Factor, 2018 - 2021, USD Million
TABLE 79 Spain Tankless Water Heater Market by Energy Factor, 2022 - 2028, USD Million
TABLE 80 Spain Tankless Water Heater Market by End User, 2018 - 2021, USD Million
TABLE 81 Spain Tankless Water Heater Market by End User, 2022 - 2028, USD Million
TABLE 82 Italy Tankless Water Heater Market, 2018 - 2021, USD Million
TABLE 83 Italy Tankless Water Heater Market, 2022 - 2028, USD Million
TABLE 84 Italy Tankless Water Heater Market by Type, 2018 - 2021, USD Million
TABLE 85 Italy Tankless Water Heater Market by Type, 2022 - 2028, USD Million
TABLE 86 Italy Tankless Water Heater Market by Energy Source, 2018 - 2021, USD Million
TABLE 87 Italy Tankless Water Heater Market by Energy Source, 2022 - 2028, USD Million
TABLE 88 Italy Tankless Water Heater Market by Energy Factor, 2018 - 2021, USD Million
TABLE 89 Italy Tankless Water Heater Market by Energy Factor, 2022 - 2028, USD Million
TABLE 90 Italy Tankless Water Heater Market by End User, 2018 - 2021, USD Million
TABLE 91 Italy Tankless Water Heater Market by End User, 2022 - 2028, USD Million
TABLE 92 Rest of Europe Tankless Water Heater Market, 2018 - 2021, USD Million
TABLE 93 Rest of Europe Tankless Water Heater Market, 2022 - 2028, USD Million
TABLE 94 Rest of Europe Tankless Water Heater Market by Type, 2018 - 2021, USD Million
TABLE 95 Rest of Europe Tankless Water Heater Market by Type, 2022 - 2028, USD Million
TABLE 96 Rest of Europe Tankless Water Heater Market by Energy Source, 2018 - 2021, USD Million
TABLE 97 Rest of Europe Tankless Water Heater Market by Energy Source, 2022 - 2028, USD Million
TABLE 98 Rest of Europe Tankless Water Heater Market by Energy Factor, 2018 - 2021, USD Million
TABLE 99 Rest of Europe Tankless Water Heater Market by Energy Factor, 2022 - 2028, USD Million
TABLE 100 Rest of Europe Tankless Water Heater Market by End User, 2018 - 2021, USD Million
TABLE 101 Rest of Europe Tankless Water Heater Market by End User, 2022 - 2028, USD Million
TABLE 102 Key Information – A. O. Smith Corporation
TABLE 103 key information – Robert Bosch GmbH
TABLE 104 Key Information – Stiebel Eltron GmbH & Co. KG
TABLE 105 key Information – Takagi Seiko Co., Ltd.
TABLE 106 Key Information – Kyungdong Navien Co., Ltd.
TABLE 107 Key Information – Noritz Corporation
TABLE 108 Key Information – Bradford White Corporation
TABLE 109 Key Information – EcoSmart Green Energy Products, Inc.
TABLE 110 Key Information – Rinnai Corporation
TABLE 111 Key Information – Rheem Manufacturing Company
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions: 2019, Jan – 2022, Apr) Leading Players
FIG 5 Recent strategies and developments: A. O. Smith Corporation
FIG 6 Swot analysis: Robert Bosch GmbH
FIG 7 Recent strategies and developments: Kyungdong Navien Co., Ltd.
FIG 8 Recent strategies and developments: Bradford White Corporation