Tankless Water Heater Market Size, Share & Industry Analysis, By Energy Source (Gas [Condensing and Non-condensing], [Below 8 Liters/Min, 8-15 Liters/Min, and Above 15 Liters/Min] and Electric [Below 6 KW, 6-12 KW, and Above 12 KW]), By Project Type (New Installation and Replacement/Retrofit), By Smart/Connectivity Feature (Connected/Smart-enabled and Non-connected), By End-User (Residential Settings, Hospitality Settings, Healthcare Facilities, & Educational Institutions), By Distribution Channel (Specialty Stores, Hypermarkets & Supermarkets, & Others), and Regional Forecast, 2025-2032

ATTRIBUTE

DETAILS

Study Period

2019-2032

Base Year

2024

Forecast Period

2025-2032

Historical Period

2019-2023

Growth Rate

CAGR of 5.32% from 2025-2032

Unit

Value (USD Billion)

Segmentation

By Energy Source, Project Type, End-User,Smart/Connectivity Feature, Distribution Channel, and Region

By  Energy Source

Gas

• Condensing
• Non-condensing

Gas

• Below 8 Liter/Min
• 8-15 Liter/Min
• Above 15 Liter/Min

 Electric

• Below 6 KW
• 6-12 KW
• Above 12 KW

By Project Type

• New Installation
• Replacement/Retrofit

By Smart/Connectivity Feature

• Connected/Smart-enabled
• Non-connected

By End-User

• Residential Settings
• Hospitality Settings
• Healthcare Facilities
• Educational Institutions
• Others

By Distribution Channel

• Specialty Stores
• Hypermarkets & Supermarkets
• Wholesale Stores
• Online Channels
• Others

By Geography

North America (By Energy Source, Project Type, End-User, Smart/Connectivity Feature, Distribution Channel, and Country)

• U.S. (By Energy Source)
• Canada (By Energy Source)
• Mexico (By Energy Source)

Europe (By Energy Source, Project Type, End-User, Smart/Connectivity Feature, Distribution Channel, and Country)

• Germany (By Energy Source)
• France (By Energy Source)
• Italy (By Energy Source)
•  Spain (By Energy Source)
• U.K. (By Energy Source)
• Russia (By Energy Source)
•  Rest of Europe (By Energy Source)

Asia Pacific (By Energy Source, Project Type, End-User, Smart/Connectivity Feature, Distribution Channel, and Country)

• China (By Energy Source)
• ndia (By Energy Source)
• Japan (By Energy Source)
• Australia (By Energy Source)
• Rest of Asia Pacific (By Energy Source)

South America (By Energy Source, Project Type, End-User, Smart/Connectivity Feature, Distribution Channel, and Country)

• Brazil (By Energy Source)
• Argentina (By Energy Source)
• Rest of South America (By Energy Source)

Middle East & Africa (By Energy Source, Project Type, End-User, Smart/Connectivity Feature, Distribution Channel, and Country)

• South Africa (By Energy Source)
• UAE (By Energy Source)
• Rest of the Middle East & Africa (By Energy Source)