Tankless Water Heater Market

1. The global tankless water heater market is projected to grow at a significant CAGR of 8.2% during the forecast period (2020-2026). The tankless water heater has a significant application in the residential and commercial sectors that further contribute to the growth of the market. Extreme climatic conditions along with rising industrialization combinedly drive the demand for water heaters in the commercial sector. The US is a prominent technological hub, which witnesses the introduction of novel heating technologies such as automatic control systems and integrated remote monitoring, which substantially fuels the product’s heating performance. Therefore, the demand for water heating system is continuously increasing in the region. Moreover, the replacement of existing water heating systems with compact design and more efficient systems such as heat pump water heaters (HPWH), makes the deployment of tankless water heaters inevitable in the commercial industry. (Get 15% Discount on Buying this Report) Get Report Sample Copy @https://www.omrglobal.com/request-sample/tankless-water- heater-market A rising shift in the preference for tankless water heaters over conventional water heaters has been observed due to the energy-saving capacity of tankless water heaters that further provide significant growth to the market. Tankless water heaters heat the water on demand instead of storing hot water, and no immersion rod is equipped for keeping the water hot continuously. Unlike conventional water heating systems, tankless water heater gets activated when the shower or faucet is turned on and gets deactivated when turned off, ensuring a continuous supply of hot water by saving energy. In addition, mandatory rating norms by several governments in the Americas and Europe have made tankless water heaters eco-friendly and economical for the users, surging their preference for such water heaters. A https://www.omrglobal.com/industry-reports/tankless-water-heater-market Full Report of Global IoT Sensors Market is Available at: Global Tankless Water Heater Market – Segmentation By Product Type Electric Water Heater Gas Water Heater By Application Residential Commercial Global Tankless Water Heater Market – Segmentation by Region

2. North America United States Canada Europe Germany UK France Spain Italy Rest of Europe Asia-Pacific China Japan India Rest of Asia-Pacific Rest of the World Company Profiles A.O. Smith Corporation ALPHA ELECTRIC CO. SDN BHD Ariston Thermo Group SpA Bosch GmbH Bradford White Corp. Bradley corp. CHOFU SEISAKUSHO Co., Ltd. Chronomite, Inc. EZ Tankless, Inc. Hubbell, Inc. Reasons to Buying From us – 1. We cover more than 15 major industries, further segmented into more than 90 sectors. 2. More than 120 countries are for analysis.

3. 3. Over 100+ paid data sources mined for investigation. 4. Our expert research analysts answer all your questions before and after purchasing your report. For https://www.omrglobal.com/report-customization/tankless-water-heater-market More Customized Data, Request for Report Customization @ About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: anurag@omrglobal.com Contact no: +91 780-304-0404