Non-Condensing Tankless Water Heaters Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 5.1 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
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he Non-Condensing Tankless Water Heaters Market has experienced significant developments from 2018 to 2022, with notable shifts in demand and technological advancements.hese heaters, known for their energy efficiency and space-saving designs, have gained popularity in both residential and commercial sectors.
n 2018, the market was valued at approximately USD 3.1 billion, with a projected growth rate of 6.55% CAGR from 2024 to 2031.citeturn0search7
y 2022, the market had expanded to USD 4.92 billion, driven by increasing consumer awareness of energy efficiency and the growing demand for compact, space-saving heating solutions.citeturn0search7
ooking ahead, the demand for Non-Condensing Tankless Water Heaters is expected to continue its upward trajectory from 2023 to 2033.actors contributing to this growth include rising energy costs, environmental concerns, and government incentives promoting energy-efficient appliances.echnological advancements, such as smart controls and improved heat exchanger efficiency, are also enhancing the appeal of these systems.citeturn0search6
n summary, the Non-Condensing Tankless Water Heaters Market has demonstrated robust growth from 2018 to 2022, with a positive outlook for the period from 2023 to 2033.his trend is supported by technological innovations, increased environmental awareness, and supportive government policies.
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 Global 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%
Global (United States, Global 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 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. Global Non-Condensing Tankless Water Heaters Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Non-Condensing Tankless Water Heaters Market, By Type
6. Global Non-Condensing Tankless Water Heaters Market, By Application
7. Global Non-Condensing Tankless Water Heaters Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Non-Condensing Tankless Water Heaters Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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