Research Nester published a report titled “Electric Tankless Water Heater Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global electric tankless water heater market in terms of market segmentation by type, energy factor, installation, features, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global electric tankless water heater market is anticipated to grow with a CAGR of ~9% over the forecast period, i.e., 2022 - 2031. The market is segmented by application into commercial and residential, out of which, commercial segment is anticipated to grow at the highest rate during the forecast period on the back of the fast development in tourism sector.
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The global electric tankless water heater market is estimated to significantly grow owing to the increasing concern for energy efficiency, rising economies, and escalating implementation of IoT in home management. The growth of the market can also be attributed to the worldwide expansion of green buildings. For instance, till 2020, there were approximately 130,000 green buildings in the world.
Regionally, the global electric tankless water heater market is segmented into five major regions comprising of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the Europe region is estimated to witness significant growth over the forecast period owing to the implementation of energy efficient products, and raising implementation of low carbon electricity generation in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Globally Increasing Development of Green Buildings to Drive the Growth of the Market
Green buildings use less energy and water and are an important part of sustainable urban development that strives to tackle climate change. Green building is becoming more popular for a variety of reasons. With today's transition in mindsets, the concept of promoting sustainable development and green building notions has risen to the forefront of the Real Estate industry.
However, lack of workers, and short-term closure of production centers are expected to operate as key restraint to the growth of global electric tankless water heater market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global electric tankless water heater market which includes company profiling of Noritz America Corporation, Whirlpool Corporation, A. O. Smith Corporation, Robert Bosch GmbH, Rinnai Corporation, Stiebel Eltron, Inc., Bajaj Electricals Ltd., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global electric tankless water heater market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Access our detailed report at: https://www.researchnester.com/reports/electric-tankless-water-heater-market/107
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