Asia Pacific Water Heater Market to Hit $9 Billion by 2025: Global Market Insights, Inc.
Asia Pacific water heater market will achieve significant growth owing to rapid population growth along with ongoing development of smart cities.
SELLBYVILLE, Del., February 24, 2019 (Newswire.com) - Rapid economic growth along with a substantial rise in disposable income will foster the Asia Pacific water heater market. The paradigm shift toward clean energy sources owing to growing pollution and climate change will positively influence the industry outlook. In addition, the growing share of solar generation in the energy mix along with a stable decline in the component cost will encourage product adoption.
The Asia Pacific Water Heater Market is expected to hit USD 9 billion by 2025, as reported in the latest study by Global Market Insights, Inc. 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 governments 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 advanced heating solutions on account of increasing awareness toward new technologies will enhance the industry outlook.
China water heater market is predicted to grow on account of dense population and stringent environmental protection regulations. Growing carbon emission have instigated the demand for eco-friendly 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.
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Increasing consumer spending along with a shift toward renewables will foster the Indonesian 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 the expected increase in foreign arrivals.
Browse key industry insights spread across 450 pages with 656 market data tables & 37 figures & charts from the report, “Asia Pacific Water Heater Market Size By Product (Solar, Instant [Electric, Gas], Storage [Electric {< 30 Liters, 30 - 100 Liters, 100-250 Liters, 250 - 400 Liters, > 400 Liters}, Gas{< 30 Liters, 30 - 100 Liters, 100 - 250 Liters, 250 - 400 Liters, > 400 Liters}]), By Capacity (< 30 Liters, 30 - 100 Liters, 100 - 250 Liters, 250 - 400 Liters, > 400 Liters), By Application (Residential, Commercial [College/University, Office, Government/Military]), By Fuel (Natural Gas, LPG) Industry Analysis Report, Regional Outlook (Australia, China, Japan, South Korea, India, Vietnam, Indonesia, Malaysia, Singapore, Thailand, New Zealand, Philippines) Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/asia-pacific-water-heater-market
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.
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.
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Browse Related Reports:
Global Water Heater Market Size Forecast to 2024
Global Water Heater Market in 2017 was USD 25 billion and the annual deployment is set to exceed 150 million units by 2024 pushed by rapid urbanization coupled with growing demand for energy efficient heating systems.
https://www.gminsights.com/industry-analysis/water-heater-market
Instant Water Heater Market Size Outlook to 2024
Global Instant Water Heater Market crossed USD 11 billion in 2017 and the annual installation is projected to surpass 75 million units by 2024 helped by the ongoing expansion of commercial infrastructure.
https://www.gminsights.com/industry-analysis/instant-water-heater-market
About Global Market Insights
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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Source: Global Market Insights, Inc.
