Several tankless hot water heater manufacturers such as A.O. In the 2022 report on tankless water heaters, research has indicated that global demand for water heaters of a tankless design is poised to expand at a healthy compound annual growth rate of close to six-percent over the next decade and cross a valuation of $6.3 billion in 2031. Rising consumer focus on online product research before making a purchase will increase manufacturer opportunities.” “We have found, and have reported to our customers after analyzing the 2022 Tankless Water Heaters Report, that manufacturers are not only focusing on developing innovative product features but also efficiently developing sales and distribution systems. “We’ve come a long way indeed, but today’s manufacturers have no intention of slowing down innovation or meeting the consumer appetite for it.

“No single appliance in modern society is more essential than conventional water heaters, and although taken for granted today, it wasn’t long ago that households and businesses across North America relied on a stove or open fire to heat their water before using it for cooking, bathing or cleaning,” says a Water Heater Repair Tacoma company spokesperson.

Water Heater Repair Tacoma, a Washington-based water heater services company with more than 20 years in the business, announced their findings after analyzing the 2022 Tankless Water Heaters Report as put forth by Persistence Market Research (PMR), establishing that the market shows no signs of slowing down as consumers demand more efficiency and innovation.

Rheem tankless water heater