Asia Pacific Water Heater Market is set to record 3.5% CAGR during forecast time
Category: #technology  By Rahul Sankrityayan  Date: 2020-02-07
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Asia Pacific Water Heater Market is set to record 3.5% CAGR during forecast time

The size of Asia Pacific Water Heater Market was registered at USD 7 billion in the year 2018 and is anticipated to cross USD 9 billion by 2025. Between the period 2019 -2025, the Asia Pacific Water Heater Market is expected to register a CAGR of 3.5%.

The Indonesia water heater market is predicted to grow on account of surging consumer spending along with growing recognition toward the renewable heating technologies. Flourishing tourism industry have brought substantial investment for the construction & development of commercial facilities including commercial complexes, hospitals, resorts and hotels. In 2018, the tourism sector witnessed a surge in revenue of around USD 16.6 billion when compared with USD 15 billion in 2017 owing to rise in number of foreign arrivals.

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Asia Pacific Water Heater Market will exceed USD 9 billion by 2025. Rapid infrastructural development coupled with ongoing expansion of service industry will drive the Asia Pacific water heater market share. Prevailing building requirements for promoting the adoption of energy efficient heating appliances along with smart city initiatives by respective state government authorities will positively enhance the business outlook. Furthermore, growing demand for advance heating appliances on account of rising awareness toward newly developed technologies will augment the industry landscape.

Stringent environment safety regulations along with dense population will foster the China water heater market. Rapidly growing pollution with increasing carbon effluents have instigated the requirement for ecofriendly electrical appliances. Extensive technological capabilities coupled with low cost manufacturing will positively enhance the industry outlook. In addition, growing concern toward energy conservation along with construction of green building infrastructure will boost the product adoption.

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Rapid economic development along with significant improvement in living standards will stimulate the Asia Pacific water heater market share. Increasing solar generation share in the global energy mix coupled with declining component cost will positively enhance the industry outlook. Inclination toward clean energy sources on account stringent policies to counter the global climate change will complement the industry outlook.

Power optimization coupled with on demand heating will stimulate the instant water heater market growth. Increasing deployments across offices and hospitals on account of immediate hot water delivery along with substantial decline in water wastage across public accommodations will accelerate the industry growth. Furthermore, fuel flexibility, efficient heating and low maintenance are the key factors that will boost the product demand.

Ongoing replacement of existing units on account of escalating heating bills and large standby losses will fuel the commercial water heater market growth. Development of high-rise building infrastructure and construction of new public facilities are instigating significant water heating demand. In addition, increasing hot water consumption across corporate offices and educational institutes will complement the industry outlook.

Notable players operating across the Asia Pacific water heater market include: Viessmann Group, Bosch Thermotechnology, Havells India Limited, Rheem Manufacturing, A.O Smith, Whirlpool Corporation, Bradford White, Hubbell, Ariston Thermo, State Industries, Rinnai Corporation and General Electric Appliances.

Chapter 5 Asia Pacific Water Heater Market, By Capacity

5.1 Asia Pacific water heater market by capacity 2018 & 2025

5.2 <30 liters

5.2.1 Asia Pacific water heater market from <30 liters, 2014 - 2025

5.2.2 Asia Pacific water heater market from <30 liters, by region, 2014 – 2025

5.3 30-100 liters

5.3.1 Asia Pacific water heater market from 30-100 liters, 2014 - 2025

5.3.2 Asia Pacific water heater market from 30-100 liters, by region, 2014 – 2025

5.4 100-250 liters

5.4.1 Asia Pacific water heater market from 100-250 liters, 2014 - 2025

5.4.2 Asia Pacific water heater market from 100-250 liters, by region, 2014 – 2025

5.5 250-400 liters

5.5.1 Asia Pacific water heater market from 250-400 liters, 2014 - 2025

5.5.2 Asia Pacific water heater market from 250-400 liters, by region, 2014 – 2025

5.6 >400 liters

5.6.1 Asia Pacific water heater market from >400 liters, 2014 - 2025

5.6.2 Asia Pacific water heater market from >400 liters, by region, 2014 – 2025

Chapter 6 Asia Pacific Water Heater Market, By Fuel

6.1 Asia Pacific water heater market by fuel 2018 & 2025

6.2 Natural gas

6.2.1 Asia Pacific water heater market from natural gas, 2014 - 2025

6.2.2 Asia Pacific water heater market from natural gas, by region, 2014 – 2025

6.3 LPG

6.3.1 Asia Pacific water heater market from LPG, 2014 - 2025

6.3.2 Asia Pacific water heater market from LPG, by region, 2014 – 2025

Related Report:

Storage Water Heater Market to hit $9.6 billion by 2026

https://www.globenewswire.com/news-release/2019/10/25/1935534/0/en/Storage-Water-Heater-Market-to-hit-9-6-billion-by-2026-Global-Market-Insights-Inc.html

Water Heater Market revenue to hit $29 billion by 2026

https://www.globenewswire.com/news-release/2020/01/22/1973484/0/en/Water-Heater-Market-revenue-to-hit-29-billion-by-2026-Says-Global-Market-Insights-Inc.html

 

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About Author

Rahul Sankrityayan

Rahul Sankrityayan    

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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