By 2025, Asia Pacific Water Heater Market valuation to exceed USD 8 Billion

Asia Pacific water heater market will witness robust growth due to robust development across the service sector coupled with rapid expansion of commercial establishments.

The qualitative research study introduced by Graphical Research on “Asia Pacific Water Heater Market Size By Application (Residential, Commercial), By Fuel (Natural Gas, LPG), By Capacity ( 400 Liters), By Product (Solar, Instant [Electric, Gas], Storage [Electric, Gas]), Regional Outlook (Australia, China, India, Indonesia, Japan, Singapore, Thailand, South Korea), Industry Size, Share, Growth Trends & Forecast, 2018 – 2025”, expected to surpass 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.

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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.

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.

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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 Growth, By Product

Asia Pacific Water Heater Market Trends, By Application
Asia Pacific Water Heater Market, By Fuel
Natural Gas

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Asia Pacific Water Heater Market Statistics, By Capacity
< 30 Liters
30 - 100 Liters
100 - 250 Liters
250 - 400 Liters
400 Liters

The above information is provided for the following countries:
South Korea

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Release ID: 502102