The European tankless water heater market is projected to grow at a significant CAGR of 8.0% during the forecast period (2020-2026). The market for tankless water heater in Europe is mainly driven due to the widespread application of the water heaters in the residential and commercial sectors. European industrial sector comprises a large number of industries of various segments including manufacturing, food & beverages, energy, pharmaceutical which are considered as potential end-users for the tankless water heaters. Moreover, European countries need a significant amount of water heating facilities in order to meet the required environmental conditions due to extreme cold conditions. According to EurobservÉR, the total sale of appliances in heating and cooling sector technologies had increased by more than 20% every year in the European Union. The increase is due to the growth in installations of water heating equipment in both residential and commercial segments in various European countries.
Browse the full report description European Tankless Water Heater Market Size, Share & Trends Analysis Report by Product Type (Electric Water Heater and Gas Water Heater), by Application (Residential and Commercial) and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/european-tankless-water-heater-market
In the residential sector, convenient water heating is required for residential buildings, gas storage, and others which is generating substantial demand; while in the commercial sector, convenient heating is required in various commercial buildings such as shopping malls, retail shops, supermarkets, hotels and others. In the residential and commercial sectors, water heating is utilized for space heating, cooking, sanitary applications, and various others. The energy consumption is estimated to increase further due to the implementation of renewable energy in the region. In the residential sector, the water heating capacity is increasing that further projected to contribute to the tankless water heater market growth in the near future.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2019-2026 |
|
Base year |
2019 |
|
Forecast period |
2020-2026 |
|
Segments Covered |
By Product Type and By Application |
|
Regions Covered |
UK, Germany, France, Italy, Spain and Rest of Europe |
|
Key Companies Profiled |
A.O. Smith Corp., Bradford White Corp., Robert Bosch GmbH, Rinnai Corp., General Electric Co., Rheem
Manufacturing Company, Inc.,
and others |
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
o Recommendations
European Tankless Water Heater Market – Segmentation
By Product Type
By Application
European Tankless Water Heater Market – Segmentation by Geography
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