Press release
Robust development across the service sector coupled with rapid expansion of commercial establishments will foster the Asia Pacific water heater market growth
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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.
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.
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.
Browse key industry insights along with Table of Content @ https://www.graphicalresearch.com/industry-insights/1152/asia-pacific-water-heater-market
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
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Contact Us:
Parikhit B.
Corporate sales,
Graphical Research
Email: sales@graphicalresearch.com
Web: https://www.graphicalresearch.com
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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