Orion Market Research Report Tankless Water Heater Market | Page 2

growth of the market. These water heaters also provide long-term energy savings feature as energy is
used only when there is a requirement of hot water. A sensor senses the water flow and triggers a heating
device, which rapidly raises the water temperature to a set level. When the water flow is stopped, the
heater shuts off automatically.
Browse the full report description of “Tankless Water Heater Market by Energy Source (Electric Tankless
Water Heater, Gas Tankless Water Heater), by End-User (Residential, Commercial, Industrial) Global
Trends,
Size,
Share,
Growth,
Industry
Analysis
and
Forecast,
2019-2025”
at
https://www.omrglobal.com/industry-reports/tankless-water-heater-market/
The heating component in a tankless water heater can be a gas-fired burner using natural gas or electric
resistance heating coils. In electric tankless water heaters, the heating element converts the electrical
energy and is placed in contact with the water to transfer heat directly into the flow. Moreover, in gas
tankless water heaters, the hot combustion gases are transferred to the water by the heating elements in
the form of heat exchangers. A tankless water heater is comprised of a flow sensing device that activates
when a hot water tap is turned on and the required flow rate to activate the heater is reached. Once
activated, the water rolling through the heater is heated to provide a constant amount of hot water.
Government initiates to reach sustainability goals by endorsing energy-efficient systems drive the growth
of the tankless water heater market. The low energy efficiency standards suggested for home uses by
governments across the globe are generating new growth prospects for energy-efficient and sustainable
solutions, such as tankless water heaters. Technological innovation in the design and efficiency of tankless
water heaters is the major factor which drives the market. The companies involved in the global tankless
water heater market include Bradley Corp., Alpha Electric Co., Chronomite, Inc., Hubbell, Inc., EZ Tankless,
Inc., and Stiebel Eltron GmbH.
Global Tankless Water Heater Market- Segmentation
By Energy Source
•
•
Electric Tankless Water Heater
Gas Tankless Water Heater
By End-User
•
•
•
Residential
Commercial
Industrial