According to Coherent Market Insights, the global tankless water heater market is estimated to account for $29.7 billion in terms of value by the end of 2027, witnessing a compound annual growth rate of 5.7% during the forecast period 2020-2027.
Noritz America announced that Vancouver, Washington-based Quality Sales is helping to cover the tankless water heater market in the Pacific Northwest. The manufacturer's representative will work alongside Noritz’s own sales staff in that region; specifically, Washington, Oregon, Alaska and the Idaho Panhandle in the northern part of that state.
Navien has launched its new NPE-2 series. The NPE-2 is offered in four Standard (NPE-S2) models up to 199,900 BTU/H and three Advanced (NPE-A2) models up to 199,900 BTU/H.
The new NPE-2 series condensing tankless water heaters from Navien have industry-leading features such as 2” PVC venting up to 75’, TDR up to 15:1, and EZNav multiline control panel with setup wizard.
The acquisition expands Bradford White’s portfolio of commercial and industrial electric products to help satisfy the needs of a broader customer base and better position them for the on-going adoption of electrification initiatives in communities throughout North America.
Rinnai, manufacturer of tankless gas water heaters, announced the ground breaking of its new factory in Griffin, Georgia. The building construction will begin in August with an expected opening date late in 2021.
The new NPN will be offered in two series, the NPN-U (universal) and NPN-E (exterior), both of which will be available in 160,000 Btu/h, 180,000 Btu/h and 199,900 Btu/h models for either natural gas or liquid propane.