Industry - Regional Synopsis
Europe Market Statistics
Europe industry is predicted to hold largest revenue share by 2037, backed by growing adoption of low carbon electricity generation, adoption of energy efficient products, and increased demand for substitutions of conventional water heaters.Europe is likely to account for largest revenue share by 2037, backed by growing adoption of low carbon electricity generation, adoption of energy efficient products, and increased demand for substitutions of conventional water heaters. As per a report by the European Commission, the European Commission has approved a series of guidelines to make the EU's energy, transportation, and climate systems capable of lowering net carbon gas emissions by at least 55% by 2037.
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of electric tankless water heater is estimated at USD 8.32 billion.
Electric Tankless Water Heater Market size was valued at USD 7.74 billion in 2024 and is set to exceed USD 23.17 billion by 2037, registering over 8.8% CAGR during the forecast period i.e., between 2025-2037.
Europe industry is predicted to hold largest revenue share by 2037, backed by growing adoption of low carbon electricity generation, adoption of energy efficient products, and increased demand for substitutions of conventional water heaters.
The major players in the market are A. O. Smith Corporation, Rinnai Corporation, Noritz America Corporation, Robert Bosch GmbH, Rheem Manufacturing Company, Whirlpool Corporation, Stiebel Eltron, Inc., Navien, Inc., and others.
