“According to U.S. Department of Energy , it’s denoted that the vendors are able sell out the their stock of legacy model, soon only compliant water heaters will be available to consumers and contractors. As a result, homeowners will be left with the choice of replacing their water heater with a compliant upgrade from the same brand or taking a completely new approach to heating their home."

The article cited AMA's Global Tankless Electric Water Heater Market Study explored substantial growth with CAGR of 7.3%. According the report, Increasing number of luxury residential society. is one of the primary growth factors for the market. Electric Tankless Water Heater is More Preferred than Gas Water Heater Due to Low Cost. is also expected to contribute significantly to the Tankless Electric Water Heater market. Overall, Residential applications of Tankless Electric Water Heater, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.

AMA’s Analyst on the Global Tankless Electric Water Heater market identified that the demand is rising in many different parts of the world as "Rise in Demand of Energy Efficient Equipment Leads to Boost The Tankless Electric Water Heater. "

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Tankless Electric Water Heater market by Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Tankless Electric Water Heater market and other related sub-markets covered in the study.

o Key & emerging players in the Tankless Electric Water Heater market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Tankless Electric Water Heater market size is calculated using market estimation process, the Tankless Electric Water Heater market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Tankless Electric Water Heater market size has been validated using both top-down and bottom-up approaches.