"Tech Trends: Smart Technologies Shaping the Tankless Water Heater Market"
The Tankless Water Heater Market is expected to grow from USD 3.23 billion in 2022 to USD 5.4 billion by 2028 at a CAGR of 8.87% during the forecast period.
Europe is expected to remain the largest market for tankless water heaters over the forecast period due to increased manufacturing adoption and increasing consumer preferences for energy-efficient and cost-effective products. Furthermore, rising demand from the commercial sector, including restaurants, hotels, and hospitals, will likely boost the market growth.