PUBLISHER: KBV Research | PRODUCT CODE: 1871399
PUBLISHER: KBV Research | PRODUCT CODE: 1871399
Europe Tankless Water Heater Market Size, Share & Industry Analysis Report By Product (Electric, and Gas), By Application (Residential, and Commercial), By Country and Growth Forecast, 2025 - 2032
The Europe Tankless Water Heater Market would witness market growth of 9.1% CAGR during the forecast period (2025-2032).
The Germany market dominated the Europe Tankless Water Heater Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $508.8 million by 2032. The UK market is experiencing a CAGR of 8% during (2025 - 2032). Additionally, The France market would exhibit a CAGR of 9.9% during (2025 - 2032). The Germany and UK led the Europe Tankless Water Heater Market by Country with a market share of 22% and 17.7% in 2024. The Spain market is expected to witness a CAGR of 10.5% during throughout the forecast period.
The European market for tankless water heaters has grown from a niche, high-end option to a mainstream one. This is because of strict EU energy-efficiency rules, a trend toward smaller homes, and a growing awareness of environmental issues. The Energy Efficiency Directive (EU/2023/1791) and Regulation (EU) 814/2013 on Ecodesign have encouraged the use of technologies that are both high-efficiency and low-standby-loss. Tankless systems are great for the growing number of apartments and smaller homes in Europe because they take up little space and heat up on demand. Western European nations-especially Germany, France, Italy, Spain, and the UK-have spearheaded adoption owing to robust distribution networks and retrofit prospects. Tankless systems are also important parts of sustainable building design because they can work with renewable sources and smart controls.
Manufacturers are focusing on innovation, smart connectivity, and modular product designs that go above and beyond efficiency standards and appeal to today's consumers. To make up for the higher costs up front, businesses are also offering more training for installers, building stronger partnerships in their communities, and promoting the benefits of lower lifetime costs. Improved service ecosystems and retail reach have made things even easier for customers and made them feel more confident. Because of this, Europe's tankless water heater market is moving from early adoption to steady growth in the mainstream. This is happening because of regulatory alignment, urbanization, and the move toward smart, low-carbon heating solutions.
Application Outlook
Based on Application, the market is segmented into Residential, and Commercial. With a compound annual growth rate (CAGR) of 7.7% over the projection period, the Residential Market, dominate the UK Tankless Water Heater Market by Application in 2024 and would be a prominent market until 2032. The Commercial market is expected to witness a CAGR of 8.7% during (2025 - 2032).
Product Outlook
Based on Product, the market is segmented into Electric, and Gas. The Electric market segment dominated the Italy Tankless Water Heater Market by Product is expected to grow at a CAGR of 8.9 % during the forecast period thereby continuing its dominance until 2032. Also, The Gas market is anticipated to grow as a CAGR of 11.1 % during the forecast period during (2025 - 2032).
Country Outlook
As energy prices rise, rules become stricter, and the national "Energiewende" agenda promotes efficient, low-carbon heating, the market for tankless water heaters in Germany is growing. Compact, on-demand systems fit with how people live in cities and the Buildings Energy Act of 2024, which says that new heating systems must use renewable energy. The EU Ecodesign and Energy Labelling Regulations also encourage the use of more efficient products. There is more demand in both the residential and commercial sectors, and people are interested in hybrid systems that combine tankless units with solar or heat-pump technologies. Even though high upfront costs and the difficulty of retrofitting are still problems, improvements in digital controls, connectivity, and installation flexibility are making people more willing to accept them. Tankless systems are a key part of Germany's move toward more sustainable heating. Manufacturers in Germany and around the world are competing through new ideas, good service, and local knowledge.
List of Key Companies Profiled
- Rheem Manufacturing Company
- Bradford White Corporation
- Robert Bosch GmbH
- Rinnai Corporation
- EcoSmart Green Energy Products, Inc.
- Stiebel Eltron GmbH & Co. KG
- Noritz Corporation
- Kyungdong Navien Co., Ltd.
- Takagi Seiko Co., Ltd.
- A. O. Smith Corporation
Europe Tankless Water Heater Market Report Segmentation
By Product
- Electric
- Gas
By Application
- Residential
- Commercial
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Tankless Water Heater Market, by Product
- 1.4.2 Europe Tankless Water Heater Market, by Application
- 1.4.3 Europe Tankless Water Heater Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Market Trends - Europe Tankless Water Heater Market
Chapter 5. State of Competition - Europe Tankless Water Heater Market
Chapter 6. Value Chain Analysis of Tankless Water Heater Market
Chapter 7. Competition Analysis - Global
- 7.1 Strategies Deployed in Tankless Water Heater Market
- 7.2 Porter Five Forces Analysis
Chapter 8. Product Life Cycle - Tankless Water Heater Market
Chapter 9. Market Consolidation - Tankless Water Heater Market
Chapter 10. Key Customer Criteria - Tankless Water Heater Market
Chapter 11. Europe Tankless Water Heater Market by Product
- 11.1 Europe Electric Market by Country
- 11.2 Europe Gas Market by Country
Chapter 12. Europe Tankless Water Heater Market by Application
- 12.1 Europe Residential Market by Country
- 12.2 Europe Commercial Market by Country
Chapter 13. Europe Tankless Water Heater Market by Country
- 13.1 Germany Tankless Water Heater Market
- 13.1.1 Germany Tankless Water Heater Market by Product
- 13.1.2 Germany Tankless Water Heater Market by Application
- 13.2 UK Tankless Water Heater Market
- 13.2.1 UK Tankless Water Heater Market by Product
- 13.2.2 UK Tankless Water Heater Market by Application
- 13.3 France Tankless Water Heater Market
- 13.3.1 France Tankless Water Heater Market by Product
- 13.3.2 France Tankless Water Heater Market by Application
- 13.4 Russia Tankless Water Heater Market
- 13.4.1 Russia Tankless Water Heater Market by Product
- 13.4.2 Russia Tankless Water Heater Market by Application
- 13.5 Spain Tankless Water Heater Market
- 13.5.1 Spain Tankless Water Heater Market by Product
- 13.5.2 Spain Tankless Water Heater Market by Application
- 13.6 Italy Tankless Water Heater Market
- 13.6.1 Italy Tankless Water Heater Market by Product
- 13.6.2 Italy Tankless Water Heater Market by Application
- 13.7 Rest of Europe Tankless Water Heater Market
- 13.7.1 Rest of Europe Tankless Water Heater Market by Product
- 13.7.2 Rest of Europe Tankless Water Heater Market by Application
Chapter 14. Company Profiles
- 14.1 Rheem Manufacturing Company
- 14.1.1 Company Overview
- 14.2 Bradford White Corporation
- 14.2.1 Company Overview
- 14.3 Robert Bosch GmbH
- 14.3.1 Company Overview
- 14.3.2 Financial Analysis
- 14.3.3 Segmental and Regional Analysis
- 14.3.4 Research & Development Expenses
- 14.3.5 SWOT Analysis
- 14.4 Rinnai Corporation
- 14.4.1 Company Overview
- 14.4.2 Financial Analysis
- 14.4.3 Recent strategies and developments:
- 14.4.3.1 Product Launches and Product Expansions:
- 14.5 EcoSmart Green Energy Products, Inc.
- 14.5.1 Company Overview
- 14.5.2 Recent strategies and developments:
- 14.5.2.1 Product Launches and Product Expansions:
- 14.6 Stiebel Eltron GmbH & Co. KG
- 14.6.1 Company Overview
- 14.6.2 Recent strategies and developments:
- 14.6.2.1 Partnerships, Collaborations, and Agreements:
- 14.7 Noritz Corporation
- 14.7.1 Company Overview
- 14.7.2 Financial Analysis
- 14.7.3 Recent strategies and developments:
- 14.7.3.1 Product Launches and Product Expansions:
- 14.8 Kyungdong Navien Co., Ltd.
- 14.8.1 Company Overview
- 14.9 Takagi Seiko Co., Ltd.
- 14.9.1 Company Overview
- 14.9.2 SWOT Analysis
- 14.10. A. O. Smith Corporation
- 14.10.1 Company Overview
- 14.10.2 Financial Analysis
- 14.10.3 Regional Analysis
- 14.10.4 Recent strategies and developments:
- 14.10.4.1 Product Launches and Product Expansions:
LIST OF TABLES
- TABLE 1 Europe Tankless Water Heater Market, 2021 - 2024, USD Million
- TABLE 2 Europe Tankless Water Heater Market, 2025 - 2032, USD Million
- TABLE 3 Key Customer Criteria - Tankless Water Heater Market
- TABLE 4 Europe Tankless Water Heater Market by Product, 2021 - 2024, USD Million
- TABLE 5 Europe Tankless Water Heater Market by Product, 2025 - 2032, USD Million
- TABLE 6 Europe Electric Market by Country, 2021 - 2024, USD Million
- TABLE 7 Europe Electric Market by Country, 2025 - 2032, USD Million
- TABLE 8 Europe Gas Market by Country, 2021 - 2024, USD Million
- TABLE 9 Europe Gas Market by Country, 2025 - 2032, USD Million
- TABLE 10 Europe Tankless Water Heater Market by Application, 2021 - 2024, USD Million
- TABLE 11 Europe Tankless Water Heater Market by Application, 2025 - 2032, USD Million
- TABLE 12 Europe Residential Market by Country, 2021 - 2024, USD Million
- TABLE 13 Europe Residential Market by Country, 2025 - 2032, USD Million
- TABLE 14 Europe Commercial Market by Country, 2021 - 2024, USD Million
- TABLE 15 Europe Commercial Market by Country, 2025 - 2032, USD Million
- TABLE 16 Europe Tankless Water Heater Market by Country, 2021 - 2024, USD Million
- TABLE 17 Europe Tankless Water Heater Market by Country, 2025 - 2032, USD Million
- TABLE 18 Germany Tankless Water Heater Market, 2021 - 2024, USD Million
- TABLE 19 Germany Tankless Water Heater Market, 2025 - 2032, USD Million
- TABLE 20 Germany Tankless Water Heater Market by Product, 2021 - 2024, USD Million
- TABLE 21 Germany Tankless Water Heater Market by Product, 2025 - 2032, USD Million
- TABLE 22 Germany Tankless Water Heater Market by Application, 2021 - 2024, USD Million
- TABLE 23 Germany Tankless Water Heater Market by Application, 2025 - 2032, USD Million
- TABLE 24 UK Tankless Water Heater Market, 2021 - 2024, USD Million
- TABLE 25 UK Tankless Water Heater Market, 2025 - 2032, USD Million
- TABLE 26 UK Tankless Water Heater Market by Product, 2021 - 2024, USD Million
- TABLE 27 UK Tankless Water Heater Market by Product, 2025 - 2032, USD Million
- TABLE 28 UK Tankless Water Heater Market by Application, 2021 - 2024, USD Million
- TABLE 29 UK Tankless Water Heater Market by Application, 2025 - 2032, USD Million
- TABLE 30 France Tankless Water Heater Market, 2021 - 2024, USD Million
- TABLE 31 France Tankless Water Heater Market, 2025 - 2032, USD Million
- TABLE 32 France Tankless Water Heater Market by Product, 2021 - 2024, USD Million
- TABLE 33 France Tankless Water Heater Market by Product, 2025 - 2032, USD Million
- TABLE 34 France Tankless Water Heater Market by Application, 2021 - 2024, USD Million
- TABLE 35 France Tankless Water Heater Market by Application, 2025 - 2032, USD Million
- TABLE 36 Russia Tankless Water Heater Market, 2021 - 2024, USD Million
- TABLE 37 Russia Tankless Water Heater Market, 2025 - 2032, USD Million
- TABLE 38 Russia Tankless Water Heater Market by Product, 2021 - 2024, USD Million
- TABLE 39 Russia Tankless Water Heater Market by Product, 2025 - 2032, USD Million
- TABLE 40 Russia Tankless Water Heater Market by Application, 2021 - 2024, USD Million
- TABLE 41 Russia Tankless Water Heater Market by Application, 2025 - 2032, USD Million
- TABLE 42 Spain Tankless Water Heater Market, 2021 - 2024, USD Million
- TABLE 43 Spain Tankless Water Heater Market, 2025 - 2032, USD Million
- TABLE 44 Spain Tankless Water Heater Market by Product, 2021 - 2024, USD Million
- TABLE 45 Spain Tankless Water Heater Market by Product, 2025 - 2032, USD Million
- TABLE 46 Spain Tankless Water Heater Market by Application, 2021 - 2024, USD Million
- TABLE 47 Spain Tankless Water Heater Market by Application, 2025 - 2032, USD Million
- TABLE 48 Italy Tankless Water Heater Market, 2021 - 2024, USD Million
- TABLE 49 Italy Tankless Water Heater Market, 2025 - 2032, USD Million
- TABLE 50 Italy Tankless Water Heater Market by Product, 2021 - 2024, USD Million
- TABLE 51 Italy Tankless Water Heater Market by Product, 2025 - 2032, USD Million
- TABLE 52 Italy Tankless Water Heater Market by Application, 2021 - 2024, USD Million
- TABLE 53 Italy Tankless Water Heater Market by Application, 2025 - 2032, USD Million
- TABLE 54 Rest of Europe Tankless Water Heater Market, 2021 - 2024, USD Million
- TABLE 55 Rest of Europe Tankless Water Heater Market, 2025 - 2032, USD Million
- TABLE 56 Rest of Europe Tankless Water Heater Market by Product, 2021 - 2024, USD Million
- TABLE 57 Rest of Europe Tankless Water Heater Market by Product, 2025 - 2032, USD Million
- TABLE 58 Rest of Europe Tankless Water Heater Market by Application, 2021 - 2024, USD Million
- TABLE 59 Rest of Europe Tankless Water Heater Market by Application, 2025 - 2032, USD Million
- TABLE 60 Key Information - Rheem Manufacturing Company
- TABLE 61 Key Information - Bradford White Corporation
- TABLE 62 Key Information - Robert Bosch GmbH
- TABLE 63 Key Information - Rinnai Corporation
- TABLE 64 Key Information - EcoSmart Green Energy Products, Inc.
- TABLE 65 Key Information - Stiebel Eltron GmbH & Co. KG
- TABLE 66 Key Information - Noritz Corporation
- TABLE 67 Key Information - Kyungdong Navien Co., Ltd.
- TABLE 68 key Information - Takagi Seiko Co., Ltd.
- TABLE 69 Key Information - A. O. Smith Corporation
LIST OF FIGURES
- FIG 1 Methodology for the research
- FIG 2 Europe Tankless Water Heater Market, 2021 - 2032, USD Million
- FIG 3 Key Factors Impacting Europe Tankless Water Heater Market
- FIG 4 Value Chain Analysis of Tankless Water Heater Market
- FIG 5 Porter's Five Forces Analysis - Tankless Water Heater Market
- FIG 6 Product Life Cycle - Tankless Water Heater Market
- FIG 7 Market Consolidation - Tankless Water Heater Market
- FIG 8 Key Customer Criteria - Tankless Water Heater Market
- FIG 9 Europe Tankless Water Heater Market share by Product, 2024
- FIG 10 Europe Tankless Water Heater Market share by Product, 2032
- FIG 11 Europe Tankless Water Heater Market by Product, 2021 - 2032, USD Million
- FIG 12 Europe Tankless Water Heater Market share by Application, 2024
- FIG 13 Europe Tankless Water Heater Market share by Application, 2032
- FIG 14 Europe Tankless Water Heater Market by Application, 2021 - 2032, USD Million
- FIG 15 Europe Tankless Water Heater Market share by Country, 2024
- FIG 16 Europe Tankless Water Heater Market share by Country, 2032
- FIG 17 Europe Tankless Water Heater Market by Country, 2021 - 2032, USD Million
- FIG 18 SWOT Analysis: Robert Bosch GmbH
- FIG 19 SWOT Analysis: Takagi Seiko Co., Ltd.
