APO RESEARCH · REPORT
Tankless Electric Water Heater
Tankless water heaters, also known as instantaneous or on-demand water heaters, provide hot water without using a storage tank. Like tank water heaters, tankless water heaters use either gas or electricity to operate. Cold water travels through a pipe into the unit, and either a gas burner or an electric element heats the water. Tankless water heaters can be supplementary units placed at the point of use or can replace a centralized tank water heater.
Product & engineering
Understand the product.
Tankless water heaters, also known as instantaneous or on-demand water heaters, provide hot water without using a storage tank. Like tank water heaters, tankless water heaters use either gas or electricity to operate. Cold water travels through a pipe into the unit, and either a gas burner or an electric element heats the water. Tankless water heaters can be supplementary units placed at the point of use or can replace a centralized tank water heater.
Selected research
Industry Growth & Trends
Global Tankless Electric Water Heater Industry Growth and Trends Forecast to 2032
Market perspective
Tankless water heaters, also known as instantaneous or on-demand water heaters, provide hot water without using a storage tank. Like tank water heaters, tankless water heaters use either gas or electricity to operate. Cold water travels through a pipe into the unit, and either a gas burner or an electric element heats the water. Tankless water heaters can be supplementary units placed at the point of use or can replace a centralized tank water heater.
Global Tankless Electric Water Heater main players are Stiebel Eltron, Rheem, Bosch, Bradford White Corporation, etc. Global top four manufacturers hold a share over 45%. North America is the largest market, with a share nearly 30%.
Report Scope
Read the full market overview
This report provides a structured, data-driven view of the global Tankless Electric Water Heater market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Tankless Electric Water Heater market size, estimates, and forecasts are presented in terms of sales volume (K Units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Tankless Electric Water Heater market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Tankless Electric Water Heater.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Tankless Electric Water Heater market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Tankless Electric Water Heater Market by Company
Stiebel Eltron
Rheem
Bosch
Bradford White Corporation
Eemax
Hubbell
Atmor
Eccotemp Systems
Drakken
Midea Group
Tankless Electric Water Heater Segment by Type
Whole-House
Point-of-Use
Tankless Electric Water Heater Segment by Application
Residential
Commercial
Tankless Electric Water Heater Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Tankless Electric Water Heater market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Tankless Electric Water Heater and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Tankless Electric Water Heater.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Tankless Electric Water Heater manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Tankless Electric Water Heater in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Whole-House
- Point-of-Use
Applications
- Residential
- Commercial
Companies covered
- Stiebel Eltron
- Rheem
- Bosch
- Bradford White Corporation
- Eemax
- Hubbell
- Atmor
- Eccotemp Systems
- Drakken
- Midea Group
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Tankless Electric Water Heater Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Tankless Electric Water Heater Sales Estimates and Forecasts (2021-2032)
- 1.3 Tankless Electric Water Heater Market by Type
- 1.3.1 Whole-House
- 1.3.2 Point-of-Use
- 1.4 Global Tankless Electric Water Heater Market Size by Type
- 1.4.1 Global Tankless Electric Water Heater Market Size Overview by Type (2021-2032)
- 1.4.2 Global Tankless Electric Water Heater Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Tankless Electric Water Heater Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Tankless Electric Water Heater Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Tankless Electric Water Heater Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Tankless Electric Water Heater Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Tankless Electric Water Heater Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Tankless Electric Water Heater Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Tankless Electric Water Heater Industry Trends
- 2.2 Tankless Electric Water Heater Industry Drivers
- 2.3 Tankless Electric Water Heater Industry Opportunities and Challenges
- 2.4 Tankless Electric Water Heater Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Tankless Electric Water Heater Revenue (2021-2026)
- 3.2 Global Top Players by Tankless Electric Water Heater Sales (2021-2026)
- 3.3 Global Top Players by Tankless Electric Water Heater Price (2021-2026)
- 3.4 Global Tankless Electric Water Heater Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Tankless Electric Water Heater Major Company Production Sites & Headquarters
- 3.6 Global Tankless Electric Water Heater Company, Product Type & Application
- 3.7 Global Tankless Electric Water Heater Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Tankless Electric Water Heater Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Tankless Electric Water Heater Players Market Share by Revenue in 2025
- 3.8.3 2025 Tankless Electric Water Heater Tier 1, Tier 2, and Tier 3
4 Tankless Electric Water Heater Regional Status and Outlook
- 4.1 Global Tankless Electric Water Heater Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Tankless Electric Water Heater Historic Market Size by Region
- 4.2.1 Global Tankless Electric Water Heater Sales in Volume by Region (2021-2026)
- 4.2.2 Global Tankless Electric Water Heater Sales in Value by Region (2021-2026)
- 4.2.3 Global Tankless Electric Water Heater Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Tankless Electric Water Heater Forecasted Market Size by Region
- 4.3.1 Global Tankless Electric Water Heater Sales in Volume by Region (2027-2032)
- 4.3.2 Global Tankless Electric Water Heater Sales in Value by Region (2027-2032)
- 4.3.3 Global Tankless Electric Water Heater Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Tankless Electric Water Heater by Application
- 5.1 Tankless Electric Water Heater Market by Application
- 5.1.1 Residential
- 5.1.2 Commercial
- 5.2 Global Tankless Electric Water Heater Market Size by Application
- 5.2.1 Global Tankless Electric Water Heater Market Size Overview by Application (2021-2032)
- 5.2.2 Global Tankless Electric Water Heater Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Tankless Electric Water Heater Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Tankless Electric Water Heater Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Tankless Electric Water Heater Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Tankless Electric Water Heater Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Tankless Electric Water Heater Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Tankless Electric Water Heater Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Stiebel Eltron
- 6.1.1 Stiebel Eltron Company Information
- 6.1.2 Stiebel Eltron Business Overview
- 6.1.3 Stiebel Eltron Tankless Electric Water Heater Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Stiebel Eltron Tankless Electric Water Heater Product Portfolio
- 6.1.5 Stiebel Eltron Recent Developments
- 6.2 Rheem
- 6.2.1 Rheem Company Information
- 6.2.2 Rheem Business Overview
- 6.2.3 Rheem Tankless Electric Water Heater Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Rheem Tankless Electric Water Heater Product Portfolio
- 6.2.5 Rheem Recent Developments
- 6.3 Bosch
- 6.3.1 Bosch Company Information
- 6.3.2 Bosch Business Overview
- 6.3.3 Bosch Tankless Electric Water Heater Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Bosch Tankless Electric Water Heater Product Portfolio
- 6.3.5 Bosch Recent Developments
- 6.4 Bradford White Corporation
- 6.4.1 Bradford White Corporation Company Information
- 6.4.2 Bradford White Corporation Business Overview
- 6.4.3 Bradford White Corporation Tankless Electric Water Heater Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Bradford White Corporation Tankless Electric Water Heater Product Portfolio
- 6.4.5 Bradford White Corporation Recent Developments
- 6.5 Eemax
- 6.5.1 Eemax Company Information
- 6.5.2 Eemax Business Overview
- 6.5.3 Eemax Tankless Electric Water Heater Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Eemax Tankless Electric Water Heater Product Portfolio
- 6.5.5 Eemax Recent Developments
- 6.6 Hubbell
- 6.6.1 Hubbell Company Information
- 6.6.2 Hubbell Business Overview
- 6.6.3 Hubbell Tankless Electric Water Heater Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Hubbell Tankless Electric Water Heater Product Portfolio
- 6.6.5 Hubbell Recent Developments
- 6.7 Atmor
- 6.7.1 Atmor Company Information
- 6.7.2 Atmor Business Overview
- 6.7.3 Atmor Tankless Electric Water Heater Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Atmor Tankless Electric Water Heater Product Portfolio
- 6.7.5 Atmor Recent Developments
- 6.8 Eccotemp Systems
- 6.8.1 Eccotemp Systems Company Information
- 6.8.2 Eccotemp Systems Business Overview
- 6.8.3 Eccotemp Systems Tankless Electric Water Heater Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Eccotemp Systems Tankless Electric Water Heater Product Portfolio
- 6.8.5 Eccotemp Systems Recent Developments
- 6.9 Drakken
- 6.9.1 Drakken Company Information
- 6.9.2 Drakken Business Overview
- 6.9.3 Drakken Tankless Electric Water Heater Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Drakken Tankless Electric Water Heater Product Portfolio
- 6.9.5 Drakken Recent Developments
- 6.10 Midea Group
- 6.10.1 Midea Group Company Information
- 6.10.2 Midea Group Business Overview
- 6.10.3 Midea Group Tankless Electric Water Heater Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Midea Group Tankless Electric Water Heater Product Portfolio
- 6.10.5 Midea Group Recent Developments
7 North America by Country
- 7.1 North America Tankless Electric Water Heater Sales by Country
- 7.1.1 North America Tankless Electric Water Heater Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Tankless Electric Water Heater Sales by Country (2021-2026)
- 7.1.3 North America Tankless Electric Water Heater Sales Forecast by Country (2027-2032)
- 7.2 North America Tankless Electric Water Heater Market Size by Country
- 7.2.1 North America Tankless Electric Water Heater Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Tankless Electric Water Heater Market Size by Country (2021-2026)
- 7.2.3 North America Tankless Electric Water Heater Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Tankless Electric Water Heater Sales by Country
- 8.1.1 Europe Tankless Electric Water Heater Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Tankless Electric Water Heater Sales by Country (2021-2026)
- 8.1.3 Europe Tankless Electric Water Heater Sales Forecast by Country (2027-2032)
- 8.2 Europe Tankless Electric Water Heater Market Size by Country
- 8.2.1 Europe Tankless Electric Water Heater Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Tankless Electric Water Heater Market Size by Country (2021-2026)
- 8.2.3 Europe Tankless Electric Water Heater Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Tankless Electric Water Heater Sales by Country
- 9.1.1 Asia-Pacific Tankless Electric Water Heater Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Tankless Electric Water Heater Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Tankless Electric Water Heater Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Tankless Electric Water Heater Market Size by Country
- 9.2.1 Asia-Pacific Tankless Electric Water Heater Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Tankless Electric Water Heater Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Tankless Electric Water Heater Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Tankless Electric Water Heater Sales by Country
- 10.1.1 South America Tankless Electric Water Heater Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Tankless Electric Water Heater Sales by Country (2021-2026)
- 10.1.3 South America Tankless Electric Water Heater Sales Forecast by Country (2027-2032)
- 10.2 South America Tankless Electric Water Heater Market Size by Country
- 10.2.1 South America Tankless Electric Water Heater Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Tankless Electric Water Heater Market Size by Country (2021-2026)
- 10.2.3 South America Tankless Electric Water Heater Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Tankless Electric Water Heater Sales by Country
- 11.1.1 Middle East and Africa Tankless Electric Water Heater Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Tankless Electric Water Heater Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Tankless Electric Water Heater Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Tankless Electric Water Heater Market Size by Country
- 11.2.1 Middle East and Africa Tankless Electric Water Heater Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Tankless Electric Water Heater Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Tankless Electric Water Heater Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Tankless Electric Water Heater Value Chain Analysis
- 12.1.1 Tankless Electric Water Heater Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Tankless Electric Water Heater Production Mode & Process
- 12.2 Tankless Electric Water Heater Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Tankless Electric Water Heater Distributors
- 12.2.3 Tankless Electric Water Heater Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
GET THE RESEARCH
Choose your license.
Choose who needs access.
All options are for this report and research series.
PDF by email within 3–5 working days after payment confirmation.
Talk to an analyst