Electric Tankless Water Heater Market Revenue was valued at USD 2.45 Billion in 2024 and is estimated to reach USD 4.10 Billion by 2033, growing at a CAGR of 6% from 2026 to 2033.
In 2022, the global electric tankless water heater market was valued at approximately USD 2.41 billion, accounting for about 69.1% of the total tankless water heater market. The electric segment is projected to grow at a compound annual growth rate (CAGR) of 8.93% from 2023 to 2030. :contentReference[oaicite:0]{index=0} North America is anticipated to expand at the fastest CAGR of 10.2% during the forecast period, driven by growing awareness of ecological products and increasing product visibility. :contentReference[oaicite:1]{index=1} In 2022, the North American tankless water heater market was valued at USD 767.1 million. :contentReference[oaicite:2]{index=2}:contentReference[oaicite:3]{index=3} :contentReference[oaicite:4]{index=4} :contentReference[oaicite:5]{index=5} :contentReference[oaicite:6]{index=6} :contentReference[oaicite:7]{index=7} :contentReference[oaicite:8]{index=8} :contentReference[oaicite:9]{index=9}:contentReference[oaicite:10]{index=10}
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Eemax
Stiebel Eltron
EcoSmart
IHeat
Rheem EcoSense
Bosch
Eccotemp
Noritz
Seisco
Bradley
MAREY
Olayk
Ferroli
Dente
AIRBOO
Midea
Haier
Rinnai Corporation
Alpha Electric
A.O. Smith Corporation
Hotter Electric (Zriha Hlavin Industries)
Hubbell
Atmor
Drakken
Bradford White Corporation
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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. 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 Global Electric Tankless Water Heater Market
Whole House Electric Tankless Water Heaters
Point-of-Use Electric Tankless Water Heaters
Conventional Electric Tankless Water Heaters
Smart Electric Tankless Water Heaters
New Construction
Retrofit/Replacement
Residential
Commercial
Online Retail
Offline Retail
Direct Sales
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 Global Electric Tankless Water Heater 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. Global Electric Tankless Water Heater Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electric Tankless Water Heater Market, By Type
6. Global Electric Tankless Water Heater Market, By Application
7. Global Electric Tankless Water Heater Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Electric Tankless Water Heater Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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