Tankless water heaters, also known as on-demand or instant water heaters, are a type of water heating system that heats water only when needed rather than storing hot water in a tank. According to the US Department of Energy, tankless water heaters can be 24%–34% more energy-efficient for homes that use 41 gallons or less of hot water daily.
The desire to switch to energy-saving options has increased the demand for tankless water heaters. Stocking tankless water heaters can be profitable for business buyers and wholesalers. This guide will explain the strong business potential of tankless water heaters and how to find suitable models for different end users.
Table of Contents
The rise in demand for tankless water heaters
What to consider when choosing tankless water heaters
Types of tankless water heaters to sell
Conclusion
The rise in demand for tankless water heaters
The global tankless water heater market was worth USD 3.49 billion in 2022 and is predicted to grow at a compound annual growth rate (CAGR) of 8.7% between 2023 and 2030. These heaters also save the consumer money on utility bills and offer unlimited hot water on demand. One great benefit of the tankless water heater is that water is available on demand.
When you turn on a hot water tap, cold water travels through a pipe into the unit. A gas burner or an electric element heats the water as it flows through, providing a continuous hot water supply. As a result, you don’t have to wait for a storage tank to fill up with enough hot water. The factors that drive the demand are energy-efficient, eco-friendly lifestyles and space-saving designs.
Energy efficiency
Unlike conventional models, which continuously heat stored water and consume large amounts of energy, tankless heaters only heat water when necessary. This reduces energy consumption by eliminating the need for constant reheating.
Environmental impact
Consumers have developed a preference for such green technology products, which speaks volumes about efforts towards sustainability. Tankless water heaters have reduced climate impact by reducing emissions to prevent global warming.
Space saving design
These compact designs and continuous supply of hot water make tankless water heaters popular with homeowners and businesses. Homeowners appreciate them because they can save space, whereas commercial enterprises like them. After all, they provide continuous hot water by taking minimal space.
What to consider when choosing tankless water heaters
Safety
This comes when homeowners are concerned about their families’ safety. For example, during winter, consumers often look for devices with features like freeze protection and flame sensors due to cold weather.
Durability
Durability is key when selecting a tankless water heater, as these units typically last up to 20 years, outlasting traditional models. Their design minimizes corrosion and buildup, but regular maintenance is essential to ensure long-term performance and reliability.
Sustainability
Tankless water heaters support sustainability by being energy-efficient, reducing greenhouse gas emissions, and having a longer lifespan, which minimizes environmental waste. Choosing a tankless system is an environmentally responsible decision that promotes long-term sustainability.
Ease of installation
Choosing easy products for professional installation services plays a vital role in ensuring that devices attain their highest performance levels and risks are minimized, thereby reducing time and cost.
Types of tankless water heaters to sell
There are three types of tankless water heaters: electric, gas-powered, and propane tankless water heaters. Each type has its own market share and unique advantages.
Electric tankless water heaters
One of the major advantages of electric tankless water heaters is their compact size and ease of installation. They don’t require venting, and installation is simplified, allowing them to be placed in various locations, even tight spaces. Electric models typically have lower upfront costs than gas units, making them a more budget-friendly option.
Installing electric tankless water heaters is simple, and they cost less to buy. These heaters work well in tiny homes or businesses that need easy setup and lower upfront expenses. But electric models might not heat as much water as gas ones where people use hot water. More people buy them in places with low electricity tariff.
Gas-powered tankless water heaters
Gas tankless water heaters are popular for homeowners looking for an efficient and reliable hot water solution. These systems heat water on demand using natural gas, providing a continuous supply of hot water without the need for a storage tank.
Gas tankless water heaters can heat more water and do it well. They suit big homes or businesses that use hot water often. Buying and setting them up costs more because they need special air pipes and new gas lines. But they save money over time by working so well. This makes gas heaters a good pick for places that need hot water.
Propane tankless water heaters
Propane tankless water heaters offer an efficient option compared to electric and natural gas models, with several main advantages. These systems use propane gas to heat water as needed, giving a steady flow of hot water without requiring a big storage tank.
Propane water heaters are environmentally friendly due to their cleaner-burning properties. Additionally, they have a longer lifespan, often 20 years or more, offering long-term savings and reliability. Homes and businesses in areas where propane is more accessible than electricity or natural gas often find propane tankless heaters appealing.
Conclusion
Tankless water heaters present a unique chance for wholesalers to benefit from the increasing energy-efficient home and business solutions market. The ability to research types of products and understand the needs of different groups of customers enables business consumers to have a choice in terms of what they sell.
These modern, high-quality tankless water heaters are necessary to satisfy your customers’ wants and surpass their expectations. Check out Alibaba.com’s latest varieties of the safest tankless water heaters, thus preparing your company for growth in today’s thriving market.
