Tankless Electric Water Heater Industry Status and Prospects Professional Market Research Report Publishing Date: 14 June 2022 Download Sample Report Download Sample Report (+91)-916-916-4321(Asia) | (+1)-646-781-7170 (Int'l) | help@statsmarketresearch.com
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Report Studies The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America). Tankless water heaters, also known as instantaneous or on-demand water heaters, provide hot water without using a storage tank. Like tank water heaters, tankless water heaters use either gas or electricity to operate. Cold water travels through a pipe into the unit, and either a gas burner or an electric element heats the water. Tankless water heaters can be supplementary units placed at the point of use or can replace a centralized tank water heater.In terms of applications, residential application is bigger than commercial application, in 2015 residential application occupied about 69.90% share and in 2019 residential will occupy about 69.80% share. Water heaters are emerging as technologically advanced and innovative products globally. Electric water heaters are currently one of the most popular water heaters among consumers globally.
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Market Value The global Tankless Electric Water Heater market was valued at 1276.25 Million USD in 2021 and will grow with a CAGR of 3.14% from 2021 to 2027. Expected to reach $xx million USD by the end of
2021
Forecast year
Base year
CAGR 3.14%(2021 - 2027)
2027
KEY STAKEHOLDERS 1
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Market Players & Competitor Analysis Global and Regional Market Analysis
Market Trends
Opportunities and Drivers
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By Types: • Whole-House • Point-of-Use
By Applications: • Residential • Commercial
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