UK Tankless Water Heater Market Size & Outlook, 2025-2033
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UK tankless water heater market highlights
- The UK tankless water heater market generated a revenue of USD 166.2 million in 2024 and is expected to reach USD 383.3 million by 2033.
- The UK market is expected to grow at a CAGR of 10% from 2025 to 2033.
- In terms of segment, electric was the largest revenue generating product in 2024.
- Electric is the most lucrative product segment registering the fastest growth during the forecast period.
Tankless water heater market data book summary
| Market revenue in 2024 | USD 166.2 million |
| Market revenue in 2033 | USD 383.3 million |
| Growth rate | 10% (CAGR from 2025 to 2033) |
| Largest segment | Electric |
| Fastest growing segment | Electric |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electric, Gas |
| Key market players worldwide | A.O. Smith Corp, Palomar Holdings Inc, Rinnai Corp, Stiebel Eltron, Takagi Seiko, Noritz Corp, Navient Corp |
Other key industry trends
- In terms of revenue, UK accounted for 4.1% of the global tankless water heater market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Europe, UK tankless water heater market is projected to lead the regional market in terms of revenue in 2033.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 305.7 million by 2033.
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Tankless Water Heater Market Scope
Tankless Water Heater Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Navient Corp | View profile | 4500 | 13865 Sunrise Valley Drive, Herndon, VA, United States, 20171 | https://www.navient.com |
| Noritz Corp | View profile | 7174 | 93 Edo-machi, Chuo-ku, Kobe, Japan, 650-0033 | http://www.noritz.co.jp |
| Rinnai Corp | View profile | 12731 | 2-26, Fukuzumi-cho, Nakagawa-ku, Nagoya, Japan, 454-0802 | http://www.rinnai.co.jp |
| Takagi Seiko | View profile | - | Iwafune, Niigata, Japan, Asia | http://www.takagi-j.com |
| A.O. Smith Corp | View profile | 12000 | 11270 West Park Place, P. O. Box 245008, Suite 170, Milwaukee, WI, United States, 53224-9508 | https://www.aosmith.com |
| Stiebel Eltron | View profile | 11-50 | West Hatfield, Massachusetts, United States, North America | http://www.stiebel-eltron-usa.com |
| Palomar Holdings Inc | View profile | 213 | 7979 Ivanhoe Avenue, Suite 500, La Jolla, CA, United States, 92037 | https://plmr.com |
UK tankless water heater market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to tankless water heater market will help companies and investors design strategic landscapes.
Electric was the largest segment with a revenue share of 76.05% in 2024. Horizon Databook has segmented the UK tankless water heater market based on electric, gas covering the revenue growth of each sub-segment from 2021 to 2033.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK tankless water heater market , including forecasts for subscribers. This country databook contains high-level insights into UK tankless water heater market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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UK tankless water heater market size, by application, 2021-2033 (US$M)
UK Tankless Water Heater Market Outlook Share, 2024 & 2033 (US$M)
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