HomeConsumer Goods and Services Tankless Water Heaters Market

Global Tankless Water Heaters Market Size, Share & Demand Report By Product Type (Electric Tankless Water Heaters, Gas Tankless Water Heaters), By End-Use Application (Residential, Commercial), By Distribution Channel (Online Retail, Specialty Plumbing & HVAC Stores, Wholesale Distributors, Direct from Manufacturers), By Region & Segment Forecasts, 2025–2030

Report Code: RI1052PUB
Last Updated : October, 2025
Author : Anna Morgan

Table of Contents

  1. Executive Summary
    1. Introduction
  2. Market Introduction
    1. Market Definition
    2. Scope of the Study
    3. Market Structure
  3. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  4. Market Factor Analysis
    1. Value Chain Analysis: Tankless Water Heaters Market
    2. Porters Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
  6. Recent Trends Analysis
  7. Impact of COVID-19 on Tankless Water Heaters Market
    1. Pre and Post Covid -19 Market Scenario Analysis
    2. Market Recovery Timeline and Challenge
    3. Measures Taken by Top Players
  8. Regulatory Landscape
  9. Tankless Water Heaters Market, By Product Type
    1. Introduction
      1. Market Size and Forecast, By Product Type
    2. Electric Tankless Water Heaters
      1. Market Size and Forecast, By Region
    3. Gas Tankless Water Heaters
      1. Market Size and Forecast, By Region
  10. Tankless Water Heaters Market, By End-Use Application
    1. Introduction
      1. Market Size and Forecast, By End-Use Application
    2. Residential
      1. Market Size and Forecast, By Region
    3. Commercial
      1. Market Size and Forecast, By Region
  11. Tankless Water Heaters Market, By Distribution Channel
    1. Introduction
      1. Market Size and Forecast, By Distribution Channel
    2. Online Retail
      1. Market Size and Forecast, By Region
    3. Specialty Plumbing & HVAC Stores
      1. Market Size and Forecast, By Region
    4. Wholesale Distributors
      1. Market Size and Forecast, By Region
    5. Direct from Manufacturers
      1. Market Size and Forecast, By Region
  12. Regional Overview
    1. Introduction
      1. Market Size and Forecast
    2. North America
      1. Market Size and Forecast
        1. By Product Type
          1. Electric Tankless Water Heaters
            1. Gas Tankless Water Heaters
            2. By End-Use Application
              1. Residential
                1. Commercial
                2. By Distribution Channel
                  1. Online Retail
                    1. Specialty Plumbing & HVAC Stores
                      1. Wholesale Distributors
                        1. Direct from Manufacturers
                      2. U.S.
                        1. By Product Type
                          1. Electric Tankless Water Heaters
                            1. Gas Tankless Water Heaters
                            2. By End-Use Application
                              1. Residential
                                1. Commercial
                                2. By Distribution Channel
                                  1. Online Retail
                                    1. Specialty Plumbing & HVAC Stores
                                      1. Wholesale Distributors
                                        1. Direct from Manufacturers
                                      2. Canada
                                    2. Europe
                                      1. Market Size and Forecast
                                        1. By Product Type
                                          1. Electric Tankless Water Heaters
                                            1. Gas Tankless Water Heaters
                                            2. By End-Use Application
                                              1. Residential
                                                1. Commercial
                                                2. By Distribution Channel
                                                  1. Online Retail
                                                    1. Specialty Plumbing & HVAC Stores
                                                      1. Wholesale Distributors
                                                        1. Direct from Manufacturers
                                                      2. U.K.
                                                        1. By Product Type
                                                          1. Electric Tankless Water Heaters
                                                            1. Gas Tankless Water Heaters
                                                            2. By End-Use Application
                                                              1. Residential
                                                                1. Commercial
                                                                2. By Distribution Channel
                                                                  1. Online Retail
                                                                    1. Specialty Plumbing & HVAC Stores
                                                                      1. Wholesale Distributors
                                                                        1. Direct from Manufacturers
                                                                      2. Germany
                                                                      3. France
                                                                      4. Spain
                                                                      5. Italy
                                                                      6. Russia
                                                                      7. Nordic
                                                                      8. Benelux
                                                                      9. Rest of Europe
                                                                    2. APAC
                                                                      1. Market Size and Forecast
                                                                        1. By Product Type
                                                                          1. Electric Tankless Water Heaters
                                                                            1. Gas Tankless Water Heaters
                                                                            2. By End-Use Application
                                                                              1. Residential
                                                                                1. Commercial
                                                                                2. By Distribution Channel
                                                                                  1. Online Retail
                                                                                    1. Specialty Plumbing & HVAC Stores
                                                                                      1. Wholesale Distributors
                                                                                        1. Direct from Manufacturers
                                                                                      2. China
                                                                                        1. By Product Type
                                                                                          1. Electric Tankless Water Heaters
                                                                                            1. Gas Tankless Water Heaters
                                                                                            2. By End-Use Application
                                                                                              1. Residential
                                                                                                1. Commercial
                                                                                                2. By Distribution Channel
                                                                                                  1. Online Retail
                                                                                                    1. Specialty Plumbing & HVAC Stores
                                                                                                      1. Wholesale Distributors
                                                                                                        1. Direct from Manufacturers
                                                                                                      2. Korea
                                                                                                      3. Japan
                                                                                                      4. India
                                                                                                      5. Australia
                                                                                                      6. Singapore
                                                                                                      7. Taiwan
                                                                                                      8. South East Asia
                                                                                                      9. Rest of Asia-Pacific
                                                                                                    2. Middle East and Africa
                                                                                                      1. Market Size and Forecast
                                                                                                        1. By Product Type
                                                                                                          1. Electric Tankless Water Heaters
                                                                                                            1. Gas Tankless Water Heaters
                                                                                                            2. By End-Use Application
                                                                                                              1. Residential
                                                                                                                1. Commercial
                                                                                                                2. By Distribution Channel
                                                                                                                  1. Online Retail
                                                                                                                    1. Specialty Plumbing & HVAC Stores
                                                                                                                      1. Wholesale Distributors
                                                                                                                        1. Direct from Manufacturers
                                                                                                                      2. UAE
                                                                                                                        1. By Product Type
                                                                                                                          1. Electric Tankless Water Heaters
                                                                                                                            1. Gas Tankless Water Heaters
                                                                                                                            2. By End-Use Application
                                                                                                                              1. Residential
                                                                                                                                1. Commercial
                                                                                                                                2. By Distribution Channel
                                                                                                                                  1. Online Retail
                                                                                                                                    1. Specialty Plumbing & HVAC Stores
                                                                                                                                      1. Wholesale Distributors
                                                                                                                                        1. Direct from Manufacturers
                                                                                                                                      2. Turky
                                                                                                                                      3. Saudi Arabia
                                                                                                                                      4. South Africa
                                                                                                                                      5. Egypt
                                                                                                                                      6. Nigeria
                                                                                                                                      7. Rest of MEA
                                                                                                                                    2. LATAM
                                                                                                                                      1. Market Size and Forecast
                                                                                                                                        1. By Product Type
                                                                                                                                          1. Electric Tankless Water Heaters
                                                                                                                                            1. Gas Tankless Water Heaters
                                                                                                                                            2. By End-Use Application
                                                                                                                                              1. Residential
                                                                                                                                                1. Commercial
                                                                                                                                                2. By Distribution Channel
                                                                                                                                                  1. Online Retail
                                                                                                                                                    1. Specialty Plumbing & HVAC Stores
                                                                                                                                                      1. Wholesale Distributors
                                                                                                                                                        1. Direct from Manufacturers
                                                                                                                                                      2. Brazil
                                                                                                                                                        1. By Product Type
                                                                                                                                                          1. Electric Tankless Water Heaters
                                                                                                                                                            1. Gas Tankless Water Heaters
                                                                                                                                                            2. By End-Use Application
                                                                                                                                                              1. Residential
                                                                                                                                                                1. Commercial
                                                                                                                                                                2. By Distribution Channel
                                                                                                                                                                  1. Online Retail
                                                                                                                                                                    1. Specialty Plumbing & HVAC Stores
                                                                                                                                                                      1. Wholesale Distributors
                                                                                                                                                                        1. Direct from Manufacturers
                                                                                                                                                                      2. Mexico
                                                                                                                                                                      3. Argentina
                                                                                                                                                                      4. Chile
                                                                                                                                                                      5. Colombia
                                                                                                                                                                      6. Rest of LATAM
                                                                                                                                                                  2. Competitive Landscape, 2024
                                                                                                                                                                    1. Introduction
                                                                                                                                                                    2. Tankless Water Heaters Market Share Analysis, 2024 (%)
                                                                                                                                                                      1. Market Share Analysis, 2024
                                                                                                                                                                      2. Competition Ranking, 2024
                                                                                                                                                                      3. Key Developments & Growth Strategies
                                                                                                                                                                        1. Merger & Acquisition
                                                                                                                                                                        2. Product Launch
                                                                                                                                                                        3. Expansion
                                                                                                                                                                      4. Consolidated SWOT Analysis of Key Players
                                                                                                                                                                  3. Company Profile
                                                                                                                                                                    1. Rinnai Corporation
                                                                                                                                                                      1. Business Overview
                                                                                                                                                                      2. Financial Data
                                                                                                                                                                      3. Key Product domains
                                                                                                                                                                      4. Recent Developments
                                                                                                                                                                    2. Bosch Thermotechnology
                                                                                                                                                                    3. Noritz Corporation
                                                                                                                                                                    4. Navien Inc.
                                                                                                                                                                    5. AO Smith Corporation
                                                                                                                                                                    6. Stiebel Eltron
                                                                                                                                                                    7. Rheem Manufacturing Company
                                                                                                                                                                    8. Bradford White Corporation
                                                                                                                                                                    9. Takagi Industrial Co., Ltd.
                                                                                                                                                                    10. Ariston Thermo Group