Asia Pacific Water Heater Market is set to expand over 3.5 % by 2025 Competitive Market Share & Forecast, 2019 – 2025
Extensive service sector growth along with rapid development of building infrastructure will foster the Asia Pacific water heater market growth. Ongoing initiatives by respective state government for development of smart cities coupled with stringent building requirements toward deployment of energy efficient heating systems will complement the business landscape. In addition, growing adoption of advance heating solutions on account of increasing awareness toward new technologies will enhance the industry outlook.
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China water heater market is predicted to grow on account of dense population and stringent environment protection regulations. Growing carbon emission have instigated the demand for ecofriendly heating systems. Low cost manufacturing along with extensive technological capabilities will complement the industry landscape. In addition, active development of green building network along with growing concerns toward energy conservation will encourage the product penetration.
Rapid economic growth along with substantial rise in disposable income will foster the Asia Pacific water heater market. Paradigm shift toward clean energy sources owing to growing pollution and climate change will positively influence the industry outlook. In addition, growing share of solar generation in the energy mix along with stable decline in the component cost will encourage the product adoption.
The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
• Definition and scope of research
• Market dynamics, growth drivers and industry pitfalls
• Regulatory and political guidelines for the industry
• Demographics and statistical data
All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.
Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:
• Leadership figures such as CEOs, CSOs, VPs etc. in key companies
• Supply-chain participants, distributors and domain experts
• Key customers and B2B clients
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Increasing consumer spending along with shift toward renewables will foster the Indonesia water heater market. Proliferating tourism across the region has resulted in significant government investment toward development & construction of commercial establishments including hotels, resorts, hospitals and complexes. The tourism industry has targeted a revenue of over USD 16.6 billion in comparison with USD 15.1 billion in 2017 on account of expected increase in foreign arrivals.
On demand heating coupled with considerable energy optimization will drive the instant water heater market growth. Growing demand for quick hot water supply primarily across corporate offices and hospitals along with reduction in unnecessary water wastage across public facilities will stimulate the product adoption. In addition, low maintenance, fuel flexibility and efficient heating are the key features that will encourage the product penetration.
Growing replacement of conventional heating systems on account of large standby losses and surging heating bills will stimulate the commercial water heater market. Ongoing construction of high-rise buildings along with rapid development of new hotels and public facilities are generating substantial water heating demand. In addition, growing hot water consumption across educational institutes and corporate offices will positively enhance the industry landscape.
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Key participants functioning across the Asia Pacific water heater industry include Bosch Thermotechnology, Viessmann Group, Havells India Limited, A.O Smith, Rheem Manufacturing, Bradford White, Whirlpool Corporation, Hubbell, General Electric Appliances, State Industries, Rinnai Corporation and Ariston Thermo.
Asia Pacific water heater market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2019 to 2025, for the following segments:
Asia Pacific Water Heater Market, By Product
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