Asia Pacific Water Heater Market to exceed USD 8 billion by 2025

Published Date: 2019-03-27

Request a sample

According to the Graphical Research new growth forecast report titled “Asia Pacific Water Heater Market Size By Capacity (< 30 Liters, 30 - 100 Liters, 100 - 250 Liters, 250 - 400 Liters, > 400 Liters), By Product (Solar, Instant [Electric, Gas], Storage [Electric, Gas]), By Application (Residential, Commercial), By Fuel (Natural Gas, LPG) Regional Outlook (Australia, China, India, Indonesia, Japan, Singapore, Thailand, South Korea), Industry Size, Share, Growth Trends & Forecast, 2018 – 2025”, estimated to exceed USD 8 Billion by 2025.

Asia Pacific Water Heater Market is estimated to exceed USD 8 billion by 2025. Rapidly advancing economies coupled with increasing spending toward establishing efficient building network will drive the Asia Pacific water heater market growth. Prevailing roll out plans for smart cities along with construction of domestic and commercial apartments will positively enhance the industry outlook. In addition, surging population growth along with increasing awareness regarding new technologies will complement the industry landscape.

Prevailing shift toward clean energy sources along with rapid adoption of sustainable heating systems will foster the Australia water heater market. The government have introduced stringent emission norms and regulations in order to comply with energy efficiency targets. As per the water heater installation requirement 2009, the installers are mandated to deploy low emission water heaters including solar, gas, and others across new and existing homes.

Rapid urbanization along with introduction of advanced water heating technologies will stimulate the demand across Asia Pacific water heater market. Growing disposable income along with upliftment of living standards have led to the adoption of high efficiency units. Ongoing replacement of conventional systems in order to comply with building codes and standards will further encourage the product adoption.

Lucrative government subsidies and incentives on adoption of renewable heating technologies will drive the solar water heater market. Inefficient electrical network along with frequent power outage will further fuel the product adoption. The government of Australia promoted the adoption of solar units by granting Renewable Energy Certificates (RECs). In addition, declining component and installation cost along with significant savings in electricity bills will further complement the business landscape.

Incessant need for hot water majorly across bathrooms and kitchen coupled with growing penetration of hydronic underfloor heating units will stimulate the demand across residential water heater market. Introduction of advance power saving units along with integration of advance technologies including extensive control & monitoring, leakage detection and Wi-Fi will further boost the product penetration.

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

Segments we cover:

Asia Pacific Water Heater Market Statistics, By Capacity

  • < 30 Liters
  • 30 - 100 Liters
  • 100 - 250 Liters
  • 250 - 400 Liters
  • 400 Liters

Asia Pacific Water Heater Market Growth, By Product

  • Solar
  • Instant
    • Electric
    • Gas
  • Storage
    • Electric
    • Gas

Asia Pacific Water Heater Market Trends, By Application

  • Residential
  • Commercial

Asia Pacific Water Heater Market, By Fuel

  • Natural Gas
  • LPG

The above information is provided for the following countries:

  • Australia
  • China
  • India
  • Indonesia
  • Japan
  • Singapore
  • Thailand
  • South Korea)