The Latin America, Middle East and Africa Tankless Water Heater Market would witness market growth of 8.7% CAGR during the forecast period (2022-2028).
For instance, if a tankless unit must provide 4 GPM of hot water on demand, it could only be able to raise the temperature of incoming water by 50°F. However, if the same tankless unit is required to flow at a rate of 1 GPM, it might be able to raise the temperature of flowing water by 90°F. As a result, while evaluating a tankless water heater's capacity, it is important to consider both the highest flow rate and the resulting increase in water temperature.
Hot water that is 120°F or above is often needed for household hot water requirements like showers and laundry. The tankless water heater must raise the water's temperature by 70 degrees if the incoming supply water is 50 degrees. The maximum capacity of the unit in this example is the flow rate, at which a tankless water heater can elevate the water's temperature by 70°F. If this flow rate is adequate to supply the home's hot water demand at any given time, the tankless unit is the right size. By adding up all possible concurrent hot water consumption, the demand may be calculated.
The Saudi Arabian market would be simulated by favorable government regulations as well as customer propensity to use sustainable heating systems. Solar-powered heating systems are one of the green growth techniques that the GCC has adopted and is widely recognized for, which would increase the demand for the product. For instance, according to the United Nations Organization's Sustainable Development Goals, the UAE dedicated more than US$ 6 million to the region in 2016 to put strategic planning into practice. Product adoption will be positively impacted by significant economic changes brought on by a rise in the demand for high-tech solutions and the urban population. The Business Council states that by 2050, the UAE government wants to increase the share of renewable energy in its power mixes to 44%.
The Brazil market dominated the LAMEA Tankless Water Heater Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $183.7 million by 2028. The Argentina market is experiencing a CAGR of 9.3% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 8.4% during (2022 - 2028).
Based on Type, the market is segmented into Condensing and Non-Condensing. Based on Energy Source, the market is segmented into Electric and Gas. Based on Energy Factor, the market is segmented into 0.91 to 0.99 EF and 0.80 to 0.90 EF. Based on End User, the market is segmented into Commercial and Residential. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Tankless Water Heater Market is Predict to reach $9.4 Billion by 2028, at a CAGR of 6.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include A. O. Smith Corporation, Robert Bosch GmbH, Stiebel Eltron GmbH & Co. KG, Takagi Seiko Co., Ltd., Kyungdong Navien Co., Ltd., Noritz Corporation, Bradford White Corporation, EcoSmart Green Energy Products, Inc., Rinnai Corporation, and Rheem Manufacturing Company.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Condensing
- Non-Condensing
By Energy Source
By Energy Factor
- 91 to 0.99 EF
- 80 to 0.90 EF
By End User
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- A.O. Smith Corporation
- Robert Bosch GmbH
- Stiebel Eltron GmbH & Co. KG
- Takagi Seiko Co., Ltd.
- Kyungdong Navien Co., Ltd.
- Noritz Corporation
- Bradford White Corporation
- EcoSmart Green Energy Products, Inc.
- Rinnai Corporation
- Rheem Manufacturing Company
TABLE 1 LAMEA Tankless Water Heater Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Tankless Water Heater Market, 2022 - 2028, USD Million
TABLE 3 Product Launches And Product Expansions – Tankless Water Heater Market
TABLE 4 Acquisition and Mergers – Tankless Water Heater Market
TABLE 5 Geographical Expansions – Tankless Water Heater Market
TABLE 6 LAMEA Tankless Water Heater Market by Type, 2018 - 2021, USD Million
TABLE 7 LAMEA Tankless Water Heater Market by Type, 2022 - 2028, USD Million
TABLE 8 LAMEA Condensing Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA Condensing Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA Non-Condensing Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA Non-Condensing Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Tankless Water Heater Market by Energy Source, 2018 - 2021, USD Million
TABLE 13 LAMEA Tankless Water Heater Market by Energy Source, 2022 - 2028, USD Million
TABLE 14 LAMEA Electric Market by Country, 2018 - 2021, USD Million
TABLE 15 LAMEA Electric Market by Country, 2022 - 2028, USD Million
TABLE 16 LAMEA Gas Market by Country, 2018 - 2021, USD Million
TABLE 17 LAMEA Gas Market by Country, 2022 - 2028, USD Million
TABLE 18 LAMEA Tankless Water Heater Market by Energy Factor, 2018 - 2021, USD Million
TABLE 19 LAMEA Tankless Water Heater Market by Energy Factor, 2022 - 2028, USD Million
TABLE 20 LAMEA 0.91 to 0.99 EF Market by Country, 2018 - 2021, USD Million
TABLE 21 LAMEA 0.91 to 0.99 EF Market by Country, 2022 - 2028, USD Million
TABLE 22 LAMEA 0.80 to 0.90 EF Market by Country, 2018 - 2021, USD Million
TABLE 23 LAMEA 0.80 to 0.90 EF Market by Country, 2022 - 2028, USD Million
TABLE 24 LAMEA Tankless Water Heater Market by End User, 2018 - 2021, USD Million
TABLE 25 LAMEA Tankless Water Heater Market by End User, 2022 - 2028, USD Million
TABLE 26 LAMEA Commercial Market by Country, 2018 - 2021, USD Million
TABLE 27 LAMEA Commercial Market by Country, 2022 - 2028, USD Million
TABLE 28 LAMEA Residential Market by Country, 2018 - 2021, USD Million
TABLE 29 LAMEA Residential Market by Country, 2022 - 2028, USD Million
TABLE 30 LAMEA Tankless Water Heater Market by Country, 2018 - 2021, USD Million
TABLE 31 LAMEA Tankless Water Heater Market by Country, 2022 - 2028, USD Million
TABLE 32 Brazil Tankless Water Heater Market, 2018 - 2021, USD Million
TABLE 33 Brazil Tankless Water Heater Market, 2022 - 2028, USD Million
TABLE 34 Brazil Tankless Water Heater Market by Type, 2018 - 2021, USD Million
TABLE 35 Brazil Tankless Water Heater Market by Type, 2022 - 2028, USD Million
TABLE 36 Brazil Tankless Water Heater Market by Energy Source, 2018 - 2021, USD Million
TABLE 37 Brazil Tankless Water Heater Market by Energy Source, 2022 - 2028, USD Million
TABLE 38 Brazil Tankless Water Heater Market by Energy Factor, 2018 - 2021, USD Million
TABLE 39 Brazil Tankless Water Heater Market by Energy Factor, 2022 - 2028, USD Million
TABLE 40 Brazil Tankless Water Heater Market by End User, 2018 - 2021, USD Million
TABLE 41 Brazil Tankless Water Heater Market by End User, 2022 - 2028, USD Million
TABLE 42 Argentina Tankless Water Heater Market, 2018 - 2021, USD Million
TABLE 43 Argentina Tankless Water Heater Market, 2022 - 2028, USD Million
TABLE 44 Argentina Tankless Water Heater Market by Type, 2018 - 2021, USD Million
TABLE 45 Argentina Tankless Water Heater Market by Type, 2022 - 2028, USD Million
TABLE 46 Argentina Tankless Water Heater Market by Energy Source, 2018 - 2021, USD Million
TABLE 47 Argentina Tankless Water Heater Market by Energy Source, 2022 - 2028, USD Million
TABLE 48 Argentina Tankless Water Heater Market by Energy Factor, 2018 - 2021, USD Million
TABLE 49 Argentina Tankless Water Heater Market by Energy Factor, 2022 - 2028, USD Million
TABLE 50 Argentina Tankless Water Heater Market by End User, 2018 - 2021, USD Million
TABLE 51 Argentina Tankless Water Heater Market by End User, 2022 - 2028, USD Million
TABLE 52 UAE Tankless Water Heater Market, 2018 - 2021, USD Million
TABLE 53 UAE Tankless Water Heater Market, 2022 - 2028, USD Million
TABLE 54 UAE Tankless Water Heater Market by Type, 2018 - 2021, USD Million
TABLE 55 UAE Tankless Water Heater Market by Type, 2022 - 2028, USD Million
TABLE 56 UAE Tankless Water Heater Market by Energy Source, 2018 - 2021, USD Million
TABLE 57 UAE Tankless Water Heater Market by Energy Source, 2022 - 2028, USD Million
TABLE 58 UAE Tankless Water Heater Market by Energy Factor, 2018 - 2021, USD Million
TABLE 59 UAE Tankless Water Heater Market by Energy Factor, 2022 - 2028, USD Million
TABLE 60 UAE Tankless Water Heater Market by End User, 2018 - 2021, USD Million
TABLE 61 UAE Tankless Water Heater Market by End User, 2022 - 2028, USD Million
TABLE 62 Saudi Arabia Tankless Water Heater Market, 2018 - 2021, USD Million
TABLE 63 Saudi Arabia Tankless Water Heater Market, 2022 - 2028, USD Million
TABLE 64 Saudi Arabia Tankless Water Heater Market by Type, 2018 - 2021, USD Million
TABLE 65 Saudi Arabia Tankless Water Heater Market by Type, 2022 - 2028, USD Million
TABLE 66 Saudi Arabia Tankless Water Heater Market by Energy Source, 2018 - 2021, USD Million
TABLE 67 Saudi Arabia Tankless Water Heater Market by Energy Source, 2022 - 2028, USD Million
TABLE 68 Saudi Arabia Tankless Water Heater Market by Energy Factor, 2018 - 2021, USD Million
TABLE 69 Saudi Arabia Tankless Water Heater Market by Energy Factor, 2022 - 2028, USD Million
TABLE 70 Saudi Arabia Tankless Water Heater Market by End User, 2018 - 2021, USD Million
TABLE 71 Saudi Arabia Tankless Water Heater Market by End User, 2022 - 2028, USD Million
TABLE 72 South Africa Tankless Water Heater Market, 2018 - 2021, USD Million
TABLE 73 South Africa Tankless Water Heater Market, 2022 - 2028, USD Million
TABLE 74 South Africa Tankless Water Heater Market by Type, 2018 - 2021, USD Million
TABLE 75 South Africa Tankless Water Heater Market by Type, 2022 - 2028, USD Million
TABLE 76 South Africa Tankless Water Heater Market by Energy Source, 2018 - 2021, USD Million
TABLE 77 South Africa Tankless Water Heater Market by Energy Source, 2022 - 2028, USD Million
TABLE 78 South Africa Tankless Water Heater Market by Energy Factor, 2018 - 2021, USD Million
TABLE 79 South Africa Tankless Water Heater Market by Energy Factor, 2022 - 2028, USD Million
TABLE 80 South Africa Tankless Water Heater Market by End User, 2018 - 2021, USD Million
TABLE 81 South Africa Tankless Water Heater Market by End User, 2022 - 2028, USD Million
TABLE 82 Nigeria Tankless Water Heater Market, 2018 - 2021, USD Million
TABLE 83 Nigeria Tankless Water Heater Market, 2022 - 2028, USD Million
TABLE 84 Nigeria Tankless Water Heater Market by Type, 2018 - 2021, USD Million
TABLE 85 Nigeria Tankless Water Heater Market by Type, 2022 - 2028, USD Million
TABLE 86 Nigeria Tankless Water Heater Market by Energy Source, 2018 - 2021, USD Million
TABLE 87 Nigeria Tankless Water Heater Market by Energy Source, 2022 - 2028, USD Million
TABLE 88 Nigeria Tankless Water Heater Market by Energy Factor, 2018 - 2021, USD Million
TABLE 89 Nigeria Tankless Water Heater Market by Energy Factor, 2022 - 2028, USD Million
TABLE 90 Nigeria Tankless Water Heater Market by End User, 2018 - 2021, USD Million
TABLE 91 Nigeria Tankless Water Heater Market by End User, 2022 - 2028, USD Million
TABLE 92 Rest of LAMEA Tankless Water Heater Market, 2018 - 2021, USD Million
TABLE 93 Rest of LAMEA Tankless Water Heater Market, 2022 - 2028, USD Million
TABLE 94 Rest of LAMEA Tankless Water Heater Market by Type, 2018 - 2021, USD Million
TABLE 95 Rest of LAMEA Tankless Water Heater Market by Type, 2022 - 2028, USD Million
TABLE 96 Rest of LAMEA Tankless Water Heater Market by Energy Source, 2018 - 2021, USD Million
TABLE 97 Rest of LAMEA Tankless Water Heater Market by Energy Source, 2022 - 2028, USD Million
TABLE 98 Rest of LAMEA Tankless Water Heater Market by Energy Factor, 2018 - 2021, USD Million
TABLE 99 Rest of LAMEA Tankless Water Heater Market by Energy Factor, 2022 - 2028, USD Million
TABLE 100 Rest of LAMEA Tankless Water Heater Market by End User, 2018 - 2021, USD Million
TABLE 101 Rest of LAMEA Tankless Water Heater Market by End User, 2022 - 2028, USD Million
TABLE 102 Key Information – A. O. Smith Corporation
TABLE 103 key information – Robert Bosch GmbH
TABLE 104 Key Information – Stiebel Eltron GmbH & Co. KG
TABLE 105 key Information – Takagi Seiko Co., Ltd.
TABLE 106 Key Information – Kyungdong Navien Co., Ltd.
TABLE 107 Key Information – Noritz Corporation
TABLE 108 Key Information – Bradford White Corporation
TABLE 109 Key Information – EcoSmart Green Energy Products, Inc.
TABLE 110 Key Information – Rinnai Corporation
TABLE 111 Key Information – Rheem Manufacturing Company
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions: 2019, Jan – 2022, Apr) Leading Players
FIG 5 Recent strategies and developments: A. O. Smith Corporation
FIG 6 Swot analysis: Robert Bosch GmbH
FIG 7 Recent strategies and developments: Kyungdong Navien Co., Ltd.
FIG 8 Recent strategies and developments: Bradford White Corporation