Lewes, DE -- (SBWIRE) -- 02/12/2016 -- Report forecast the global tankless water heater market to grow at a CAGR of 8.88% during the period 2016-2020.

Advances in technology and changing consumer preferences have revolutionized the designs of home appliances. Consumers prefer to use energy-efficient and eco-friendly products. The demand for tankless water heaters will be driven by the need for convenient and efficient products. Their advantages over the older models of water heaters will prompt consumers to switch to tankless models.

The report covers the present scenario and the growth prospects of the global tankless water heater market for 2016-2020. To calculate market size, the report considers the revenue generated from the sale of the following types of tankless water heaters for the residential segment:
- Gas tankless water heaters
- Electric tankless water heaters

According to the report, the superior features of tankless water heaters compared to conventional storage water heaters will be the primary driver for the market. Tankless water heaters heat water only when it is used, resulting in lesser consumption of energy, whereas the conventional water heaters stores heated water in a tank and reheats when the water cools down, thus consuming more energy.

Further, the report states that the market will experience challenges as the global average gas price is expected to rise significantly in the future. Gas prices are prone to drastic fluctuations compared to electric prices that are relatively stable around the world and will rise comparatively slowly in the future.

Global Tankless Water Heater Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Tankless Water Heater Market: A.O. Smith Corporation, Bosch, Bradford White Corporation, Noritz Corporation, Rheem Manufacturing Company and Rinnai.

Other Prominent Vendors in the market are: Crompton Greaves Limited, Eccotemp Systems, Electrolux, Heat Transfers Products Inc., Reliance Water Heater Company, and Midea Group.

Market driver
- Advanced features of tankless water heaters
- For a full, detailed list, view our report

Market challenge
- New energy efficiency standards
- For a full, detailed list, view our report

Market trend
- Connectivity-enabled innovations by leading vendors
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 50 pages and 42 Exhibit "Global Tankless Water Heater Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by product, Geographical segmentation, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-tankless-water-heater-market-2016-2020

Find all Home Appliances report at : http://www.marketresearchreports.com/home-appliances

About Market Research Reports, Inc.
Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

Yearly/Quarterly Report Subscription: http://www.marketresearchreports.com/subscriptions