Press release
Asia Pacific Water Heater Market Revenue & Growth Analysis by Top Manufacturers - Viessmann Group, Bosch Thermotechnology, Havells India Limited, Rheem Manufacturing
Asia Pacific Water Heater Market
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.
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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.
Asia Pacific Water Heater Market, By Product
• Solar
• Instant
o Electric
o Gas
• Storage
o Electric
• Below 30 Liters
• 30-100 Liters
• 100-250 Liters
• 250-400 Liters
• Above 400 Liters
o Gas
• Below 30 Liters
• 30-100 Liters
• 100-250 Liters
• 250-400 Liters
• Above 400 Liters
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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.
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.
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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.
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Arun Hegde
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Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology
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