LONDON--(BUSINESS WIRE)--Market research firm Technavio has announced the release of their new report on the global tankless water heater market. This new report will provide a deep understanding of the market for the forecast period 2018-2022.
The new report will follow-up on Technavio’s previous report, providing insights on the drivers, trends, and different segments, along with their direct and indirect impact on the market growth. It will also focus on segregating the drivers in terms of price, volume, and regulatory implications.
The upgraded research report on the global tankless water heater market is an integral part of Technavio’s home, kitchen, and large appliances portfolio. Technavio covers a wide range of market research reports in this sector, providing in-depth analysis of the vendors operating in the market. Some of the topics covered include electric water heater, water purifier, sewing machine, and water softener.
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Global opportunities for growth
Technavio’s previous report on the global tankless water heater market projected APAC to be the largest region during 2015. Most of the market’s growth emerged from countries such as China, Japan, India, Australia, and New Zealand. In China, the tankless water heater market was dominated by gas tankless water heaters, whereas electric tankless water heaters dominated the market in India.
A senior research analyst at Technavio stated, “The superior features of tankless water heaters, when compared with conventional storage water heaters, will be the key driver for the market. Tankless water heaters heat water only when it is used, resulting in the lesser consumption of energy. Whereas, the conventional water heaters store heated water in a tank and reheat it when the water cools down, thereby consuming more energy. Though tankless water heaters cost more than the older storage water heaters, their long-term savings in resources makes them more cost-effective. These advantages of tankless water heaters have been leading to their popularity and high demand.”
Technavio’s new report on the global tankless water heater market will evaluate the key geographical regions and their behavior over the past four years, introducing new data and observations and providing new predictions.
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Detailed analysis at your fingertips
Some of the topics that will be revisited in the new report include:
- Market size and growth rate through 2022
- Key factors driving the market growth
- Competitive vendor landscape and market share analysis of the key players
- Market opportunities and factors impeding growth
Technavio’s report on the global tankless water heater market for the period 2018-2022 is available to order now and will be delivered within one week of purchase.
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