PUBLISHER: KBV Research | PRODUCT CODE: 1871400
PUBLISHER: KBV Research | PRODUCT CODE: 1871400
LAMEA 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 Latin America, Middle East and Africa Tankless Water Heater Market would witness market growth of 10.8% CAGR during the forecast period (2025-2032).
The Brazil market dominated the LAMEA Tankless Water Heater Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $235.1 million by 2032. The Argentina market is showcasing a CAGR of 12.1% during (2025 - 2032). Additionally, The UAE market would exhibit a CAGR of 10% during (2025 - 2032). The Brazil and UAE led the LAMEA Tankless Water Heater Market by Country with a market share of 29.8% and 19.1% in 2024. The South Africa market is expected to witness a CAGR of 12% during throughout the forecast period.
The tankless water heater market in the LAMEA region is still new, but it looks good. People are moving away from traditional storage systems and toward more energy-efficient and space-saving options. The adoption of these technologies is being driven by rising energy costs, urbanization, and supportive regulatory frameworks. For example, Brazil is focusing on energy-efficient appliances and safety standards. The market is also growing because of new housing developments, smart-city projects, and the potential for retrofitting in densely populated areas. However, widespread adoption is slow because of problems like higher initial costs, a lack of installer expertise, and different infrastructure in different countries.
Manufacturers are responding by localizing their products, making tankless technologies work with local standards and prices. They are also spending money on training installers, teaching consumers, and building stronger distribution networks to get the market ready. Early adoption is mostly happening in the premium, multi-unit, and commercial markets, especially in Latin America and the Middle East, where people have more money and live in modern homes. Also, regional manufacturing partnerships are helping to lower costs and make the supply chain work better, which will help tankless systems grow steadily but slowly across the LAMEA market.
Application Outlook
Based on Application, the market is segmented into Residential, and Commercial. With a compound annual growth rate (CAGR) of 9.3% over the projection period, the Residential Market, dominate the Brazil 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 10.3% during (2025 - 2032).
Product Outlook
Based on Product, the market is segmented into Electric, and Gas. The Electric market segment dominated the South Africa Tankless Water Heater Market by Product is expected to grow at a CAGR of 11.3 % during the forecast period thereby continuing its dominance until 2032. Also, The Gas market is anticipated to grow as a CAGR of 13.5 % during the forecast period during (2025 - 2032).
Country Outlook
The market for tankless water heaters in Brazil is slowly growing as more people move to cities, the middle class grows, and people become more aware of the need for eco-friendly, space-saving solutions. People are moving away from traditional electric showers and storage heaters and toward on-demand systems that use less electricity and support national energy goals. Different regions like different types of models. Gas-powered models are popular in the cooler southern parts of the country, while electric models are more common in the northern and coastal areas. The rise of smart home technologies and energy-efficiency standards set by Inmetro are making people more willing to try new things. Even though high upfront costs and installation requirements are still problems, rising energy prices and awareness of long-term savings are making people more willing to accept them. To reach more customers, both local and global manufacturers are using partnerships, training installers, and making their products more affordable. In the next ten years, Brazil's tankless water heater market will move from niche use to widespread use.
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
LAMEA Tankless Water Heater Market Report Segmentation
By Product
- Electric
- Gas
By Application
- Residential
- Commercial
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Tankless Water Heater Market, by Product
- 1.4.2 LAMEA Tankless Water Heater Market, by Application
- 1.4.3 LAMEA 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 - LAMEA Tankless Water Heater Market
Chapter 5. State of Competition - LAMEA 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. LAMEA Tankless Water Heater Market by Product
- 11.1 LAMEA Electric Market by Country
- 11.2 LAMEA Gas Market by Country
Chapter 12. LAMEA Tankless Water Heater Market by Application
- 12.1 LAMEA Residential Market by Country
- 12.2 LAMEA Commercial Market by Country
Chapter 13. LAMEA Tankless Water Heater Market by Country
- 13.1 Brazil Tankless Water Heater Market
- 13.1.1 Brazil Tankless Water Heater Market by Product
- 13.1.2 Brazil Tankless Water Heater Market by Application
- 13.2 Argentina Tankless Water Heater Market
- 13.2.1 Argentina Tankless Water Heater Market by Product
- 13.2.2 Argentina Tankless Water Heater Market by Application
- 13.3 UAE Tankless Water Heater Market
- 13.3.1 UAE Tankless Water Heater Market by Product
- 13.3.2 UAE Tankless Water Heater Market by Application
- 13.4 Saudi Arabia Tankless Water Heater Market
- 13.4.1 Saudi Arabia Tankless Water Heater Market by Product
- 13.4.2 Saudi Arabia Tankless Water Heater Market by Application
- 13.5 South Africa Tankless Water Heater Market
- 13.5.1 South Africa Tankless Water Heater Market by Product
- 13.5.2 South Africa Tankless Water Heater Market by Application
- 13.6 Nigeria Tankless Water Heater Market
- 13.6.1 Nigeria Tankless Water Heater Market by Product
- 13.6.2 Nigeria Tankless Water Heater Market by Application
- 13.7 Rest of LAMEA Tankless Water Heater Market
- 13.7.1 Rest of LAMEA Tankless Water Heater Market by Product
- 13.7.2 Rest of LAMEA 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 LAMEA Tankless Water Heater Market, 2021 - 2024, USD Million
- TABLE 2 LAMEA Tankless Water Heater Market, 2025 - 2032, USD Million
- TABLE 3 Key Customer Criteria - Tankless Water Heater Market
- TABLE 4 LAMEA Tankless Water Heater Market by Product, 2021 - 2024, USD Million
- TABLE 5 LAMEA Tankless Water Heater Market by Product, 2025 - 2032, USD Million
- TABLE 6 LAMEA Electric Market by Country, 2021 - 2024, USD Million
- TABLE 7 LAMEA Electric Market by Country, 2025 - 2032, USD Million
- TABLE 8 LAMEA Gas Market by Country, 2021 - 2024, USD Million
- TABLE 9 LAMEA Gas Market by Country, 2025 - 2032, USD Million
- TABLE 10 LAMEA Tankless Water Heater Market by Application, 2021 - 2024, USD Million
- TABLE 11 LAMEA Tankless Water Heater Market by Application, 2025 - 2032, USD Million
- TABLE 12 LAMEA Residential Market by Country, 2021 - 2024, USD Million
- TABLE 13 LAMEA Residential Market by Country, 2025 - 2032, USD Million
- TABLE 14 LAMEA Commercial Market by Country, 2021 - 2024, USD Million
- TABLE 15 LAMEA Commercial Market by Country, 2025 - 2032, USD Million
- TABLE 16 LAMEA Tankless Water Heater Market by Country, 2021 - 2024, USD Million
- TABLE 17 LAMEA Tankless Water Heater Market by Country, 2025 - 2032, USD Million
- TABLE 18 Brazil Tankless Water Heater Market, 2021 - 2024, USD Million
- TABLE 19 Brazil Tankless Water Heater Market, 2025 - 2032, USD Million
- TABLE 20 Brazil Tankless Water Heater Market by Product, 2021 - 2024, USD Million
- TABLE 21 Brazil Tankless Water Heater Market by Product, 2025 - 2032, USD Million
- TABLE 22 Brazil Tankless Water Heater Market by Application, 2021 - 2024, USD Million
- TABLE 23 Brazil Tankless Water Heater Market by Application, 2025 - 2032, USD Million
- TABLE 24 Argentina Tankless Water Heater Market, 2021 - 2024, USD Million
- TABLE 25 Argentina Tankless Water Heater Market, 2025 - 2032, USD Million
- TABLE 26 Argentina Tankless Water Heater Market by Product, 2021 - 2024, USD Million
- TABLE 27 Argentina Tankless Water Heater Market by Product, 2025 - 2032, USD Million
- TABLE 28 Argentina Tankless Water Heater Market by Application, 2021 - 2024, USD Million
- TABLE 29 Argentina Tankless Water Heater Market by Application, 2025 - 2032, USD Million
- TABLE 30 UAE Tankless Water Heater Market, 2021 - 2024, USD Million
- TABLE 31 UAE Tankless Water Heater Market, 2025 - 2032, USD Million
- TABLE 32 UAE Tankless Water Heater Market by Product, 2021 - 2024, USD Million
- TABLE 33 UAE Tankless Water Heater Market by Product, 2025 - 2032, USD Million
- TABLE 34 UAE Tankless Water Heater Market by Application, 2021 - 2024, USD Million
- TABLE 35 UAE Tankless Water Heater Market by Application, 2025 - 2032, USD Million
- TABLE 36 Saudi Arabia Tankless Water Heater Market, 2021 - 2024, USD Million
- TABLE 37 Saudi Arabia Tankless Water Heater Market, 2025 - 2032, USD Million
- TABLE 38 Saudi Arabia Tankless Water Heater Market by Product, 2021 - 2024, USD Million
- TABLE 39 Saudi Arabia Tankless Water Heater Market by Product, 2025 - 2032, USD Million
- TABLE 40 Saudi Arabia Tankless Water Heater Market by Application, 2021 - 2024, USD Million
- TABLE 41 Saudi Arabia Tankless Water Heater Market by Application, 2025 - 2032, USD Million
- TABLE 42 South Africa Tankless Water Heater Market, 2021 - 2024, USD Million
- TABLE 43 South Africa Tankless Water Heater Market, 2025 - 2032, USD Million
- TABLE 44 South Africa Tankless Water Heater Market by Product, 2021 - 2024, USD Million
- TABLE 45 South Africa Tankless Water Heater Market by Product, 2025 - 2032, USD Million
- TABLE 46 South Africa Tankless Water Heater Market by Application, 2021 - 2024, USD Million
- TABLE 47 South Africa Tankless Water Heater Market by Application, 2025 - 2032, USD Million
- TABLE 48 Nigeria Tankless Water Heater Market, 2021 - 2024, USD Million
- TABLE 49 Nigeria Tankless Water Heater Market, 2025 - 2032, USD Million
- TABLE 50 Nigeria Tankless Water Heater Market by Product, 2021 - 2024, USD Million
- TABLE 51 Nigeria Tankless Water Heater Market by Product, 2025 - 2032, USD Million
- TABLE 52 Nigeria Tankless Water Heater Market by Application, 2021 - 2024, USD Million
- TABLE 53 Nigeria Tankless Water Heater Market by Application, 2025 - 2032, USD Million
- TABLE 54 Rest of LAMEA Tankless Water Heater Market, 2021 - 2024, USD Million
- TABLE 55 Rest of LAMEA Tankless Water Heater Market, 2025 - 2032, USD Million
- TABLE 56 Rest of LAMEA Tankless Water Heater Market by Product, 2021 - 2024, USD Million
- TABLE 57 Rest of LAMEA Tankless Water Heater Market by Product, 2025 - 2032, USD Million
- TABLE 58 Rest of LAMEA Tankless Water Heater Market by Application, 2021 - 2024, USD Million
- TABLE 59 Rest of LAMEA 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 LAMEA Tankless Water Heater Market, 2021 - 2032, USD Million
- FIG 3 Key Factors Impacting lamea 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 LAMEA Tankless Water Heater Market share by Product, 2024
- FIG 10 LAMEA Tankless Water Heater Market share by Product, 2032
- FIG 11 LAMEA Tankless Water Heater Market by Product, 2021 - 2032, USD Million
- FIG 12 LAMEA Tankless Water Heater Market share by Application, 2024
- FIG 13 LAMEA Tankless Water Heater Market share by Application, 2032
- FIG 14 LAMEA Tankless Water Heater Market by Application, 2021 - 2032, USD Million
- FIG 15 LAMEA Tankless Water Heater Market share by Country, 2024
- FIG 16 LAMEA Tankless Water Heater Market share by Country, 2032
- FIG 17 LAMEA 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.
