Tankless Water Heater Market: Global Industry Analysis and Forecast to 2020
Persistence Market Research
Tankless Water Heater Market: Global Industry Analysis and Forecast to 2020
Persistence Market Research
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Tankless Water Heater Market: Global Industry Analysis and Forecast to 2020 Persistence Market Research Released New Market Report on “Tankless Water Heater Market: Global Industry Analysis and Forecast to 2020”.
In tankless water heaters, the water is heated as it passes through the water heater equipment. Tankless water heaters supply immediate and undisrupted hot water supply. In tankless water heaters, sensors are used to turn on the heater when a hot water tap is opened, and the water heater is turns off when the tap is closed. Unlike storage type water heaters there is no energy wasted by heating a large tank of water over imprecise period of time. Moreover it eliminates stand-by losses, the tankless water heater are widely used in domestic as well as commercial premises such as motels, hotels, restaurants, and manufacturing industries.
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Based on the type of energy consumption, the global tankless water heater is broadly categorized in two broad segments: electric tankless water heaters and gas tankless water heaters. Based on the design technology, the global tankless water heater is segmented in three broad categories namely indoor tankless water heater, outdoor tankless water heater and direct vent (horizontal and vertical vent) tankless water heater. On the basis of end user application, the market can be broadly categorized as domestic tankless water heaters and commercial tankless water heaters. Tankless water heaters are 15% to 80% more energy efficient compares to the conventional storage type water heaters. It liberates fewer NOx (mono nitrogen oxide) as compared with other storage type water heaters. Moreover, tankless water heaters...