United States Non-Condensing Tankless Water Heaters Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.4 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030.
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The Us Non-Condensing Tankless Water Heaters Market Has Witnessed Significant Growth Over The Past Few Years, Driven By Industrial Requirements And Growing Demand For Energy-Efficient Solutions. Non-Condensing Tankless Water Heaters, Unlike Their Condensing Counterparts, Operate Without Utilizing The Heat From Flue Gases, Making Them A More Straightforward And Cost-Effective Option For Various Industries. They Are Increasingly Sought After In Sectors Where Continuous, On-Demand Hot Water Is Essential, Such As Hospitality, Healthcare, And Manufacturing.
The Primary Requirement For Industries In This Market Revolves Around Efficiency, Longevity, And The Capacity To Meet High-Demand Needs. Non-Condensing Units Typically Offer A Lower Initial Cost Compared To Condensing Models, Making Them Attractive To Businesses Looking To Minimize Their Upfront Expenditure. These Units Are Particularly Valued In Regions With Milder Climates, Where The Need For Advanced Heat Recovery Is Less Critical. Industries, Especially In The Commercial Sector, Prefer Non-Condensing Water Heaters Due To Their Simplicity And Ease Of Maintenance.
One Of The Notable Advantages Of Non-Condensing Tankless Water Heaters Is Their Ability To Provide Instantaneous Hot Water, A Crucial Feature For High-Demand Industries. Healthcare Facilities, For Example, Require A Constant Supply Of Hot Water For Sanitation, And Non-Condensing Units Can Easily Meet This Demand Without The Need For Storage Tanks. Additionally, Industries Like Hospitality, Where Guests Expect A Seamless Hot Water Experience, Benefit From These Systems' Reliability And Performance.
In Terms Of Size And Configuration, The Us Market Sees Demand For Units That Can Support Larger, More Complex Systems, With Many Businesses Opting For Models Capable Of Handling High-Flow Rates. In Commercial Applications, Where Space Is Often At A Premium, The Compact Size Of These Water Heaters Makes Them An Ideal Choice.
Overall, As The Demand For Efficient, Cost-Effective Water Heating Solutions Continues To Rise, The Us Non-Condensing Tankless Water Heaters Market Is Expected To Expand, Driven By Both Residential And Industrial Needs. As Businesses Focus More On Sustainability, The Long-Term Savings Associated With Non-Condensing Models Position Them As A Key Player In The Water Heating Industry. The Need For High-Quality And Reliable Hot Water Systems Will Only Grow As Industries Such As Hospitality, Healthcare, And Manufacturing Continue To Rely On These Solutions For Their Daily Operations.
In A Similar Manner To How Industries Are Demanding High-Performance Equipment Like The 100 Gigabit Fiber Optic Transceiver Market Type And Requirement From Industries, The Need For Non-Condensing Tankless Water Heaters Will Remain A Critical Focus In Sectors That Rely On Energy Efficiency And Continuous Supply.
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Bosch
Gree Electric Appliances
Rheem
A. O. Smith
Haier
Navien
Midea Group
GSW
Rinnai Corporation
State Water Heaters
Ruud
Bradford White
Noritz
Crompton Greaves
Ningbo Fotile
Guangdong Macro Gas Appliance
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Non-Condensing Tankless Water Heaters Market
Natural Gas
Propane
Electricity
Residential
Commercial
Industrial
Low Capacity (up to 5 GPM)
Medium Capacity (5 GPM to 10 GPM)
High Capacity (more than 10 GPM)
Point-of-Use Heaters
Whole House Heaters
Wall-Mounted
Floor-Mounted
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Non-Condensing Tankless Water Heaters Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Non-Condensing Tankless Water Heaters Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Non-Condensing Tankless Water Heaters Market, By Type
6. US Non-Condensing Tankless Water Heaters Market, By Application
7. US Non-Condensing Tankless Water Heaters Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Non-Condensing Tankless Water Heaters Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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