North America Non-Condensing Tankless Water Heaters Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.6 Billion by 2030, growing at a CAGR of 4.7% from 2024 to 2030.
The North America non-condensing tankless water heaters market is on a steady rise, driven by increasing demand from both residential and commercial sectors. These water heaters, which heat water directly without the need for a storage tank, have become a popular choice due to their energy efficiency and space-saving designs. Unlike their condensing counterparts, non-condensing models don’t have a secondary heat exchanger, making them a cost-effective option for many users. The key to their growing popularity lies in their ability to provide on-demand hot water while reducing energy costs. In this article, we explore the market applications and the specific requirements from industries that are fueling this trend in North America.
In residential applications, non-condensing tankless water heaters are valued for their compact size and the convenience of hot water on demand. They are particularly ideal for homes with limited space, where traditional water heaters are often too bulky. Additionally, homeowners are increasingly drawn to these units due to their potential to reduce energy consumption by heating water only when needed, as opposed to maintaining a constant temperature in a storage tank. This results in lower utility bills, appealing to cost-conscious consumers.
For commercial sectors such as hospitality, restaurants, and healthcare, non-condensing tankless water heaters are becoming an essential part of energy management systems. These industries require a constant supply of hot water and are increasingly opting for tankless systems to meet high demand efficiently. Non-condensing models are particularly favored in these settings for their reliability and ease of installation, making them a practical choice for businesses looking to upgrade their water heating solutions.
Industries are also seeking more environmentally friendly and sustainable solutions, which has pushed non-condensing tankless water heaters to the forefront. With the push for green building certifications and reducing carbon footprints, non-condensing systems are often the preferred choice due to their lower emissions and reduced energy use.
The North America non-condensing tankless water heaters market is expected to continue its growth as more industries and homeowners seek out energy-efficient, reliable, and cost-effective solutions for their water heating needs.
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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 North America Non-Condensing Tankless Water Heaters Market
Residential
Commercial
Others
Based on Types the Market is categorized into Below types that held the largest Non-Condensing Tankless Water Heaters market share In 2023.
80%-81%
81%-82%
82%-83%
Above 83%
North America (United States, North America 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 North America 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. North America Non-Condensing Tankless Water Heaters Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Non-Condensing Tankless Water Heaters Market, By Type
6. North America Non-Condensing Tankless Water Heaters Market, By Application
7. North America Non-Condensing Tankless Water Heaters Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Non-Condensing Tankless Water Heaters Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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