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Europe Tankless Water Heater Market Size, Share & Industry Trends Analysis Report By Type (Condensing and Non-Condensing), By Energy Source, By Energy Factor, By End User, By Country and Growth Forecast, 2022 - 2028

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    Report

  • 89 Pages
  • July 2022
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5645720
The Europe Tankless Water Heater Market is expected to witness market growth of 6.2% CAGR during the forecast period (2022-2028).

The standby losses related to hot water heating may be lessened with the use of tankless water heaters. In various countries, tankless water heaters are quite popular. They still have a very limited presence in both the commercial and residential industries, even though they are gradually becoming more widespread in the residential sector of various developed and developing countries. When hot water is needed, a tankless water heater uses heating elements that are turned on by the flow of water (e.g. if a user takes a hot shower, etc.).

The tankless water heater immediately heats the water as it is being used. There is no storage tank because hot water is not kept warm in advance of use. Electric and natural gas variants of tankless water heaters are both available. The heating elements in electric tankless water heaters turn electrical energy into heat, and they are frequently positioned so that they are in direct contact with the water, allowing heat to be transmitted into the flow. When the water flow starts, the electric elements warm up, and when it stops, they cool down.

As a result of widespread product uptake and a movement in customer choice toward affordable and energy-efficient products, the U.K. is one of the most prominent nations in this sector. In addition, major manufacturers in the UK are investing extensively in R&D initiatives to improve consumer experiences and lower operating costs. Market expansion in the nation is anticipated to be driven by the introduction of devices with characteristics, like advanced heating capabilities, energy optimization, minimal standby losses, remote control, and Wi-Fi integration. Additionally, it is anticipated that the existence of significant market leaders like Bradford White Corp., Rinnai Corp., A.O. Smith Corporation, Robert Bosch GmbH, and others will positively affect the demand for tankless water heaters in the U.K.

The Germany market dominated the Europe Tankless Water Heater Market by Country 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $747.3 million by 2028. The UK market is anticipated to grow at a CAGR of 5.3% during (2022 - 2028). Additionally, The France market is expected to exhibit a CAGR of 7% during (2022 - 2028).

Based on Type, the market is segmented into Condensing and Non-Condensing. Based on Energy Source, the market is segmented into Electric and Gas. Based on Energy Factor, the market is segmented into 0.91 to 0.99 EF and 0.80 to 0.90 EF. Based on End User, the market is segmented into Commercial and Residential. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include A. O. Smith Corporation, Robert Bosch GmbH, Stiebel Eltron GmbH & Co. KG, Takagi Seiko Co., Ltd., Kyungdong Navien Co., Ltd., Noritz Corporation, Bradford White Corporation, EcoSmart Green Energy Products, Inc., Rinnai Corporation, and Rheem Manufacturing Company.

Scope of the Study

Market Segments Covered in the Report:

By Type

  • Condensing
  • Non-Condensing

By Energy Source

  • Electric
  • Gas

By Energy Factor

  • 91 to 0.99 EF
  • 80 to 0.90 EF

By End User

  • Commercial
  • Residential

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

  • A.O. Smith Corporation
  • Robert Bosch GmbH
  • Stiebel Eltron GmbH & Co. KG
  • Takagi Seiko Co., Ltd.
  • Kyungdong Navien Co., Ltd.
  • Noritz Corporation
  • Bradford White Corporation
  • EcoSmart Green Energy Products, Inc.
  • Rinnai Corporation
  • Rheem Manufacturing Company

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Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Tankless Water Heater Market, by Type
1.4.2 Europe Tankless Water Heater Market, by Energy Source
1.4.3 Europe Tankless Water Heater Market, by Energy Factor
1.4.4 Europe Tankless Water Heater Market, by End User
1.4.5 Europe Tankless Water Heater Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Product Launches and Product Expansions
3.2.2 Acquisition and Mergers
3.2.3 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Jan - 2022, Apr) Leading Players
Chapter 4. Europe Tankless Water Heater Market by Type
4.1 Europe Condensing Market by Country
4.2 Europe Non-Condensing Market by Country
Chapter 5. Europe Tankless Water Heater Market by Energy Source
5.1 Europe Electric Market by Country
5.2 Europe Gas Market by Country
Chapter 6. Europe Tankless Water Heater Market by Energy Factor
6.1 Europe 0.91 to 0.99 EF Market by Country
6.2 Europe 0.80 to 0.90 EF Market by Country
Chapter 7. Europe Tankless Water Heater Market by End User
7.1 Europe Commercial Market by Country
7.2 Europe Residential Market by Country
Chapter 8. Europe Tankless Water Heater Market by Country
8.1 Germany Tankless Water Heater Market
8.1.1 Germany Tankless Water Heater Market by Type
8.1.2 Germany Tankless Water Heater Market by Energy Source
8.1.3 Germany Tankless Water Heater Market by Energy Factor
8.1.4 Germany Tankless Water Heater Market by End User
8.2 UK Tankless Water Heater Market
8.2.1 UK Tankless Water Heater Market by Type
8.2.2 UK Tankless Water Heater Market by Energy Source
8.2.3 UK Tankless Water Heater Market by Energy Factor
8.2.4 UK Tankless Water Heater Market by End User
8.3 France Tankless Water Heater Market
8.3.1 France Tankless Water Heater Market by Type
8.3.2 France Tankless Water Heater Market by Energy Source
8.3.3 France Tankless Water Heater Market by Energy Factor
8.3.4 France Tankless Water Heater Market by End User
8.4 Russia Tankless Water Heater Market
8.4.1 Russia Tankless Water Heater Market by Type
8.4.2 Russia Tankless Water Heater Market by Energy Source
8.4.3 Russia Tankless Water Heater Market by Energy Factor
8.4.4 Russia Tankless Water Heater Market by End User
8.5 Spain Tankless Water Heater Market
8.5.1 Spain Tankless Water Heater Market by Type
8.5.2 Spain Tankless Water Heater Market by Energy Source
8.5.3 Spain Tankless Water Heater Market by Energy Factor
8.5.4 Spain Tankless Water Heater Market by End User
8.6 Italy Tankless Water Heater Market
8.6.1 Italy Tankless Water Heater Market by Type
8.6.2 Italy Tankless Water Heater Market by Energy Source
8.6.3 Italy Tankless Water Heater Market by Energy Factor
8.6.4 Italy Tankless Water Heater Market by End User
8.7 Rest of Europe Tankless Water Heater Market
8.7.1 Rest of Europe Tankless Water Heater Market by Type
8.7.2 Rest of Europe Tankless Water Heater Market by Energy Source
8.7.3 Rest of Europe Tankless Water Heater Market by Energy Factor
8.7.4 Rest of Europe Tankless Water Heater Market by End User
Chapter 9. Company Profiles
9.1 A. O. Smith Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.5.2 Acquisition and Mergers:
9.1.5.3 Geographical Expansions:
9.2 Robert Bosch GmbH
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 Stiebel Eltron GmbH & Co. KG
9.3.1 Company Overview
9.4 Takagi Seiko Co., Ltd.
9.4.1 Company Overview
9.5 Kyungdong Navien Co., Ltd.
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Product Launches and Product Expansions:
9.5.2.2 Geographical Expansions:
9.6 Noritz Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Recent strategies and developments:
9.6.3.1 Product Launches and Product Expansions:
9.6.3.2 Acquisition and Mergers:
9.7 Bradford White Corporation
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Product Launches and Product Expansions:
9.7.2.2 Acquisition and Mergers:
9.8 EcoSmart Green Energy Products, Inc.
9.8.1 Company Overview
9.9 Rinnai Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Recent strategies and developments:
9.9.4.1 Acquisition and Mergers:
9.9.4.2 Geographical Expansions:
9.10. Rheem Manufacturing Company
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Product Launches and Product Expansions:
9.10.2.2 Acquisition and Mergers:

Companies Mentioned

  • A. O. Smith Corporation
  • Robert Bosch GmbH
  • Stiebel Eltron GmbH & Co. KG
  • Takagi Seiko Co., Ltd.
  • Kyungdong Navien Co., Ltd.
  • Noritz Corporation
  • Bradford White Corporation
  • EcoSmart Green Energy Products, Inc.
  • Rinnai Corporation
  • Rheem Manufacturing Company

Methodology

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