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

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

Asia Pacific Water Heater Market will exceed USD 9 billion by 2025. Rapid infrastructural development coupled with ongoing expansion of service industry will drive the Asia Pacific water heater market share. 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.

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.

Rapid economic development along with significant improvement in living standards will stimulate the Asia Pacific water heater market share. Increasing solar generation share in the global energy mix coupled with declining component cost will positively enhance the industry outlook. Inclination toward clean energy sources on account stringent policies to counter the global climate change will complement the industry outlook.

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.

Power optimization coupled with on demand heating will stimulate the instant water heater market growth. Increasing deployments across offices and hospitals on account of immediate hot water delivery along with substantial decline in water wastage across public accommodations will accelerate the industry growth. Furthermore, fuel flexibility, efficient heating and low maintenance are the key factors that will boost the product demand.

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.

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.