Asia Pacific Water Heater Market

Home Consumer Goods And Retail Asia Pacific Water Heater Market

Asia Pacific water Heater Market, By Type (Electric, Solar, Gas); By Technology (Tankless, Storage, Hybrid); By Capacity (Below 30 Liters, 30–100 Liters, 100–250 Liters, 250–400 Liters, Above 400 Liters); By Application (Residential, Commercial); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, Rest of APAC); Trend Analysis, Competitive Landscape & Forecast, 2019–2029

Published Date: January 2023
Report ID: BWC23049
Available Format: PDF
Page: 119

Report Overview

Asia-Pacific water heater market is flourishing at a high rate owing to the increasing disposable income of the middle-income group consumers along with technological advancements in water heaters and increasing product launches.

Asia-Pacific water Heater Market – Industry Trends & Forecast Report, 2029

Asia-Pacific water heater market size was estimated at USD 9.6 billion in 2022. During the forecast period between 2023 and 2029, Asia-Pacific water heater market size is projected to grow at a CAGR of 5.5% reaching a value of USD 13.8 billion by 2029. The market is flourishing owing to the increasing disposable income of the middle-income group consumers along with technological advancements in water heaters. Water heaters these days are equipped with IoT sensors that can be remotely controlled with smartphones. Furthermore, increasing product launches in the Asia Pacific market are also providing favorable growth opportunities to the overall market.

Asia-Pacific Water Heater Market

Asia-Pacific water Heater Market – Overview

Water heaters are devices that heat water and maintain it at a higher temperature for a prolonged period. They serve the crucial goal of providing a consistent and ongoing supply of water. They can be powered by electricity or gas, with gas water heaters offering quicker heating and electric variants often costing less. Hot water heaters used in homes that warm potable water for uses other than space heating are referred to as domestic hot water heaters (DHW). Tankless water heaters are one of the more recent technologies. Since they are electric, no water storage system is needed.

Asia-Pacific water Heater Market

Growth Drivers

Increasing Product Launches with Attractive and Advanced Features

With the growing demand for water heaters in the Asia-Pacific region, companies are increasingly launching a wide range of products of different price ranges, shapes, and technologies. Xiaomi, for instance, recently launched the MIJIA Smart Kitchen Treasure 7L S1, a water storage electric water heater, in China, with a dense polyurethane insulation layer that prevents water leakage. The water heater brands are also adding advanced technologies such as IoT sensors, remote control through mobile apps, Wi-Fi connect, and Eco Function, to gain a competitive edge. These launches are expected to provide lucrative growth opportunities to the Asia-Pacific water heater market during the forecast period.

Restraints

High Upfront Costs

There are various low-cost water heaters available in the market to attract middle-income group consumers. However, the high upfront cost of installation of these water heaters may act as a huge restraining factor for the market growth. The installation of water heaters is a labor-intensive task, and the cost of a plumber may range between USD 40 and USD 200 per hour. This is because gas and water lines are required for installation. Furthermore, new electric wiring must be done to use electric tankless heaters. It may limit its adoption in non-urban regions that are highly dependent on traditional water heating methods. It may restrict the growth of Asia-Pacific water heater market.

Impact of COVID-19 on Asia-Pacific water Heater Market

Asia-Pacific water heater market registered significant losses post the COVID-19 pandemic outbreak in 2020. The production and supply chain for water heaters were completely halted, due to which manufacturers had to endure huge losses during this period. The reduced purchasing power of the consumers along with low demand for water heaters from commercial facilities such as hotels. However, the demand for water heaters spiked from the healthcare facilities to mitigate the risk of healthcare-associated infections during the virus spread. The market is anticipated to get back on its track as the companies are launching affordable and low-priced water heaters.

Asia-Pacific water Heater Market

Segmental Coverage

Asia-Pacific water Heater Market – By Type

Based on type, Asia-Pacific water heater market is segregated into electric, solar, and gas segments. The electric water heater held the highest market share in 2022 and is projected to register growth at the fastest CAGR during the forecast period as well. The demand for the electric water heater is fueled by their easy accessibility, as they are simple to use as well as easy to install and no ventilation or maintenance is required. It is also an energy and cost-efficient alternative to hot water. As a result, various brands are increasingly launching electric water heater ranges with new features, which is significantly propelling the growth of the market.

Asia-Pacific water Heater Market – By Technology

Based on technology, Asia-Pacific water heater market is segmented into tankless, storage, and hybrid. The storage technology segment accounts for the highest market share. This technology is highly popular because of the benefits it offers over its counterparts such as it is inexpensive, technologically advanced, and easy to install. It also saves energy as these water heaters are equipped with an internal tank that can hold hot water for extended periods. However, tankless technology also enjoys popularity in certain regions owing to its sustainability and energy efficiency.

Asia-Pacific water Heater Market – By Capacity

Based on capacity, the Asia-Pacific water heater market is segmented into below 30 liters, 30–100 liters, 100–250 liters, 250–400 liters, and above 400 liters. The 30–100 liters capacity segment holds the highest market share owing to the high demand in both residential as well as commercial applications. This capacity of water heaters is suitable to be used at homes as well as at commercial spaces including hotels, healthcare, and shopping complexes. However, the below 30 liters capacity water heaters are also expected to record significant growth during the forecast period.

Asia-Pacific water Heater Market – By Application

Based on application, Asia-Pacific water heater market is segmented into residential and commercial. The residential segment accounts for a higher market share owing to the increasing disposable income of the consumers along with substantial growth in the demand for heating appliances in single and multifamily apartments. Increasing utility costs especially in urban regions are also propelling the demand for energy-efficient appliances, propelling the overall Asia-Pacific water heater market growth. The commercial segment is also expected to register substantial growth during the forecast period.

Asia-Pacific water Heater Market – By Region

Geographically, Asia-Pacific water heater market covers the following major regions: China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, and the rest of APAC. China dominates the Asia-Pacific water heater market owing to its high population and availability of affordable water heaters. Following China, Japan also covers a substantial share of the market owing to the high popularity of tankless water heaters as they are used for Ofuro (a hot tub for one person. India and South Korea are expected to register the highest CAGR during the forecast period owing to rising demand for sustainable heating solutions.

Competitive Landscape

Major players operating in Asia-Pacific water heater market include Rinnai Corporation, Bradford White Corporation, Ariston Holding N.V., Haier, Whirlpool Corporation, State Industries, Racold, FERROLI S.p.A, Hubbell heaters, LINUO RITTER INTERNATIONAL CO. LTD., Jaquar India, GE Appliances, Viessmann, STIEBEL ELTRON GmbH & Co. KG, Havells India Ltd., Bajaj Electricals Limited, AQUA MAX AUSTRALIA PTY. LIMITED, Deka Fan Malaysia, and Joven Electric Corporation.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

In September 2022 - Midea, a China-based electrical appliance manufacturer, launched its new energy-efficient water heater ranges in India.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2022
	Base Year – 2022
	Estimated Year – 2023
	Forecast Period – 2023–2029
Facts Covered	Revenue in USD Million
Market Coverage	North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Product/ Service Segmentation	Type, Technology, Capacity, Application, Country
Key Players	Rinnai Corporation, Bradford White Corporation, Ariston Holding N.V., Haier, Whirlpool Corporation, State Industries, Racold, FERROLI S.p.A, Hubbell heaters, LINUO RITTER INTERNATIONAL CO. LTD., Jaquar India, GE Appliances, Viessmann, STIEBEL ELTRON GmbH & Co. KG, Havells India Ltd., Bajaj Electricals Limited, AQUAMAX AUSTRALIA PTY. LIMITED, Deka Fan Malaysia, Joven Electric Corporation

By Type

Electric
Solar
Gas

By Technology

Tankless
Storage
Hybrid

By Capacity

Below 30 Liters
30–100 Liters
100–250 Liters
250–400 Liters
Above 400 Liters

By Application

Residential
Commercial
Industrial

By Country

China
India
Japan
South Korea
Australia & New Zealand
Indonesia
Malaysia
Singapore
Philippines
Vietnam
Rest of APAC

Research Framework
1. Research Objective
2. Product Overview
3. Market Segmentation
Executive Summary
Asia-Pacific Water Heater Market Insights
1. Industry Value Chain Analysis
2. DROC Analysis
  1. Growth Drivers
    1. Increasing Product Customization and Rapid Urbanization
    2. Rising Demand for Water Heating Systems
    3. Government Requirements for Reducing Emissions of Greenhouse Gases
  2. Restraints
    1. Costly Products
  3. Opportunities
    1. Technology Advancements
    2. Rise in Energy Efficiency Concerns
  4. Challenges
    1. Growing Fire Accidents
3. Technology Advancement/Recent Developments
4. Regulatory Framework
5. Porter’s Five Forces Analysis
  1. Bargaining Power of Suppliers
  2. Bargaining Power of Buyers
  3. Threat of New Entrants
  4. Threat of Substitutes
  5. Intensity of Rivalry
Asia-Pacific Water Heater Market
1. Market Size & Forecast, 2019–2029
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Type
    1. Electric
    2. Solar
    3. Gas
  2. By Technology
    1. Tankless
    2. Storage
    3. Hybrid
  3. By Capacity
    1. Below 30 Liters
    2. 30–100 Liters
    3. 100–250 Liters
    4. 250–400 Liters
    5. Above 400 Liters
  4. By Application
    1. Residential
    2. Commercial
    3. Industrial
  5. By Country
    1. China
      1. By Type
      2. By Technology
      3. By Capacity
      4. By Application
    2. India
      1. By Type
      2. By Technology
      3. By Capacity
      4. By Application
    3. Japan
      1. By Type
      2. By Technology
      3. By Capacity
      4. By Application
    4. South Korea
      1. By Type
      2. By Technology
      3. By Capacity
      4. By Application
    5. Australia & New Zealand
      1. By Type
      2. By Technology
      3. By Capacity
      4. By Application
    6. Indonesia
      1. By Type
      2. By Technology
      3. By Capacity
      4. By Application
    7. Malaysia
      1. By Type
      2. By Technology
      3. By Capacity
      4. By Application
    8. Singapore
      1. By Type
      2. By Technology
      3. By Capacity
      4. By Application
    9. Philippines
      1. By Type
      2. By Technology
      3. By Capacity
      4. By Application
    10. Vietnam
      1. By Type
      2. By Technology
      3. By Capacity
      4. By Application
    11. Rest of APAC
      1. By Type
      2. By Technology
      3. By Capacity
      4. By Application
Competitive Landscape
1. List of Key Players and Their Offerings
2. Asia-Pacific Water Heater Company Market Share Analysis, 2022
3. Competitive Benchmarking, By Operating Parameters
4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
Impact of Covid-19 on Asia-Pacific Water Heater Market
Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
1. Rinnai Corporation
2. Bradford White Corporation
3. Ariston Holding N.V.
4. Haier
5. Whirlpool Corporation
6. State Industries
7. Racold
8. FERROLI S.p.A
9. Hubbell Heaters
10. LINUO RITTER INTERNATIONAL CO. LTD.
11. Jaquar India
12. GE Appliances
13. Viessmann
14. STIEBEL ELTRON GmbH & Co. KG,
15. Havells India Ltd.
16. Bajaj Electricals Limited
17. AQUAMAX AUSTRALIA PTY. LIMITED
18. Deka Fan Malaysia
19. Joven Electric Corporation
20. Other Prominent Players
Key Strategic Recommendations
Research Methodology
1. Qualitative Research
  1. Primary & Secondary Research
2. Quantitative Research
3. Market Breakdown & Data Triangulation
  1. Secondary Research
  2. Primary Research
4. Breakdown of Primary Research Respondents, By Region
5. Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1 Asia-Pacific Water Heater Segmentation

Figure 2 Asia-Pacific Water Heater Market Value Chain Analysis

Figure 3 Company Market Share Analysis, 2022

Figure 4 Asia-Pacific Water Heater Market Size, By Value (USD Million), 2019–2029

Figure 5 Asia-Pacific Water Heater Market Share, By Service Type, By Value, 2019–2029

Figure 6 Asia-Pacific Water Heater Market Share, By Technology, By Value, 2019–2029

Figure 7 Asia-Pacific Water Heater Market Share, By Capacity, By Value, 2019–2029

Figure 8 Asia-Pacific Water Heater Market Share, By Application, By Value, 2019–2029

Figure 9 Asia-Pacific Water Heater Market Share, By Country, By Value, 2019–2029

Figure 10 China Water Heater Market Size, By Value (USD Million), 2019–2029

Figure 11 China Water Heater Market Share, By Service Type, By Value, 2019–2029

Figure 12 China Water Heater Market Share, By Technology, By Value, 2019–2029

Figure 13 China Water Heater Market Share, By Capacity, By Value, 2019–2029

Figure 14 China Water Heater Market Share, By Application, By Value, 2019–2029

Figure 15 India Water Heater Market Size, By Value (USD Million), 2019–2029

Figure 16 India Water Heater Market Share, By Service Type, By Value, 2019–2029

Figure 17 India Water Heater Market Share, By Technology, By Value, 2019–2029

Figure 18 India Water Heater Market Share, By Capacity, By Value, 2019–2029

Figure 19 India Water Heater Market Share, By Application, By Value, 2019–2029

Figure 20 Japan Water Heater Market Size, By Value (USD Million), 2019–2029

Figure 21 Japan Water Heater Market Share, By Service Type, By Value, 2019–2029

Figure 22 Japan Water Heater Market Share, By Technology, By Value, 2019–2029

Figure 23 Japan Water Heater Market Share, By Capacity, By Value, 2019–2029

Figure 24 Japan Water Heater Market Share, By Application, By Value, 2019–2029

Figure 25 South Korea Water Heater Market Size, By Value (USD Million), 2019–2029

Figure 26 South Korea Water Heater Market Share, By Service Type, By Value, 2019–2029

Figure 27 South Korea Water Heater Market Share, By Technology, By Value, 2019–2029

Figure 28 South Korea Water Heater Market Share, By Capacity, By Value, 2019–2029

Figure 29 South Korea Water Heater Market Share, By Application, By Value, 2019–2029

Figure 30 Australia & New Zealand Water Heater Market Size, By Value (USD Million), 2019–2029

Figure 31 Australia & New Zealand Water Heater Market Share, By Service Type, By Value, 2019–2029

Figure 32 Australia & New Zealand Water Heater Market Share, By Technology, By Value, 2019–2029

Figure 33 Australia & New Zealand Water Heater Market Share, By Capacity, By Value, 2019–2029

Figure 34 Australia & New Zealand Water Heater Market Share, By Application, By Value, 2019–2029

Figure 35 Indonesia Water Heater Market Size, By Value (USD Million), 2019–2029

Figure 36 Indonesia Water Heater Market Share, By Service Type, By Value, 2019–2029

Figure 37 Indonesia Water Heater Market Share, By Technology, By Value, 2019–2029

Figure 38 Indonesia Water Heater Market Share, By Capacity, By Value, 2019–2029

Figure 39 Indonesia Water Heater Market Share, By Application, By Value, 2019–2029

Figure 40 Malaysia Water Heater Market Size, By Value (USD Million), 2019–2029

Figure 41 Malaysia Water Heater Market Share, By Service Type, By Value, 2019–2029

Figure 42 Malaysia Water Heater Market Share, By Technology, By Value, 2019–2029

Figure 43 Malaysia Water Heater Market Share, By Capacity, By Value, 2019–2029

Figure 44 Malaysia Water Heater Market Share, By Application, By Value, 2019–2029

Figure 45 Singapore Water Heater Market Size, By Value (USD Million), 2019–2029

Figure 46 Singapore Water Heater Market Share, By Service Type, By Value, 2019–2029

Figure 47 Singapore Water Heater Market Share, By Technology, By Value, 2019–2029

Figure 48 Singapore Water Heater Market Share, By Capacity, By Value, 2019–2029

Figure 49 Singapore Water Heater Market Share, By Application, By Value, 2019–2029

Figure 50 Philippines Water Heater Market Size, By Value (USD Million), 2019–2029

Figure 51 Philippines Water Heater Market Share, By Service Type, By Value, 2019–2029

Figure 52 Philippines Water Heater Market Share, By Technology, By Value, 2019–2029

Figure 53 Philippines Water Heater Market Share, By Capacity, By Value, 2019–2029

Figure 54 Philippines Water Heater Market Share, By Application, By Value, 2019–2029

Figure 55 Vietnam Water Heater Market Size, By Value (USD Million), 2019–2029

Figure 56 Vietnam Water Heater Market Share, By Service Type, By Value, 2019–2029

Figure 57 Vietnam Water Heater Market Share, By Technology, By Value, 2019–2029

Figure 58 Vietnam Water Heater Market Share, By Capacity, By Value, 2019–2029

Figure 59 Vietnam Water Heater Market Share, By Application, By Value, 2019–2029

Figure 60 Rest of APAC Water Heater Market Size, By Value (USD Million), 2019–2029

Figure 61 Rest of APAC Water Heater Market Share, By Service Type, By Value, 2019–2029

Figure 62 Rest of APAC Water Heater Market Share, By Technology, By Value, 2019–2029

Figure 63 Rest of APAC Water Heater Market Share, By Capacity, By Value, 2019–2029

Figure 64 Rest of APAC Water Heater Market Share, By Application, By Value, 2019–2029

List of Tables

Table 1 Asia-Pacific Water Heater Market Size, By Value (USD Million), 2019–2029

Table 2 Asia-Pacific Water Heater Market Share, By Service Type, By Value, 2019–2029

Table 3 Asia-Pacific Water Heater Market Share, By Technology, By Value, 2019–2029

Table 4 Asia-Pacific Water Heater Market Share, By Capacity, By Value, 2019–2029

Table 5 Asia-Pacific Water Heater Market Share, By Application, By Value, 2019–2029

Table 6 Asia-Pacific Water Heater Market Share, By Country, By Value, 2019–2029

Table 7 China Water Heater Market Size, By Value (USD Million), 2019–2029

Table 8 China Water Heater Market Share, By Service Type, By Value, 2019–2029

Table 9 China Water Heater Market Share, By Technology, By Value, 2019–2029

Table 10 China Water Heater Market Share, By Capacity, By Value, 2019–2029

Table 11 China Water Heater Market Share, By Application, By Value, 2019–2029

Table 12 India Water Heater Market Size, By Value (USD Million), 2019–2029

Table 13 India Water Heater Market Share, By Service Type, By Value, 2019–2029

Table 14 India Water Heater Market Share, By Technology, By Value, 2019–2029

Table 15 India Water Heater Market Share, By Capacity, By Value, 2019–2029

Table 16 India Water Heater Market Share, By Application, By Value, 2019–2029

Table 17 Japan Water Heater Market Size, By Value (USD Million), 2019–2029

Table 18 Japan Water Heater Market Share, By Service Type, By Value, 2019–2029

Table 19 Japan Water Heater Market Share, By Technology, By Value, 2019–2029

Table 20 Japan Water Heater Market Share, By Capacity, By Value, 2019–2029

Table 21 Japan Water Heater Market Share, By Application, By Value, 2019–2029

Table 22 South Korea Water Heater Market Size, By Value (USD Million), 2019–2029

Table 23 South Korea Water Heater Market Share, By Service Type, By Value, 2019–2029

Table 24 South Korea Water Heater Market Share, By Technology, By Value, 2019–2029

Table 25 South Korea Water Heater Market Share, By Capacity, By Value, 2019–2029

Table 26 South Korea Water Heater Market Share, By Application, By Value, 2019–2029

Table 27 Australia & New Zealand Water Heater Market Size, By Value (USD Million), 2019–2029

Table 28 Australia & New Zealand Water Heater Market Share, By Service Type, By Value, 2019–2029

Table 29 Australia & New Zealand Water Heater Market Share, By Technology, By Value, 2019–2029

Table 30 Australia & New Zealand Water Heater Market Share, By Capacity, By Value, 2019–2029

Table 31 Australia & New Zealand Water Heater Market Share, By Application, By Value, 2019–2029

Table 32 Indonesia Water Heater Market Size, By Value (USD Million), 2019–2029

Table 33 Indonesia Water Heater Market Share, By Service Type, By Value, 2019–2029

Table 34 Indonesia Water Heater Market Share, By Technology, By Value, 2019–2029

Table 35 Indonesia Water Heater Market Share, By Capacity, By Value, 2019–2029

Table 36 Indonesia Water Heater Market Share, By Application, By Value, 2019–2029

Table 37 Malaysia Water Heater Market Size, By Value (USD Million), 2019–2029

Table 38 Malaysia Water Heater Market Share, By Service Type, By Value, 2019–2029

Table 39 Malaysia Water Heater Market Share, By Technology, By Value, 2019–2029

Table 40 Malaysia Water Heater Market Share, By Capacity, By Value, 2019–2029

Table 41 Malaysia Water Heater Market Share, By Application, By Value, 2019–2029

Table 42 Singapore Water Heater Market Size, By Value (USD Million), 2019–2029

Table 43 Singapore Water Heater Market Share, By Service Type, By Value, 2019–2029

Table 44 Singapore Water Heater Market Share, By Technology, By Value, 2019–2029

Table 45 Singapore Water Heater Market Share, By Capacity, By Value, 2019–2029

Table 46 Singapore Water Heater Market Share, By Application, By Value, 2019–2029

Table 47 Philippines Water Heater Market Size, By Value (USD Million), 2019–2029

Table 48 Philippines Water Heater Market Share, By Service Type, By Value, 2019–2029

Table 49 Philippines Water Heater Market Share, By Technology, By Value, 2019–2029

Table 50 Philippines Water Heater Market Share, By Capacity, By Value, 2019–2029

Table 51 Philippines Water Heater Market Share, By Application, By Value, 2019–2029

Table 52 Vietnam Water Heater Market Size, By Value (USD Million), 2019–2029

Table 53 Vietnam Water Heater Market Share, By Service Type, By Value, 2019–2029

Table 54 Vietnam Water Heater Market Share, By Technology, By Value, 2019–2029

Table 55 Vietnam Water Heater Market Share, By Capacity, By Value, 2019–2029

Table 56 Vietnam Water Heater Market Share, By Application, By Value, 2019–2029

Table 57 Rest of APAC Water Heater Market Size, By Value (USD Million), 2019–2029

Table 58 Rest of APAC Water Heater Market Share, By Service Type, By Value, 2019–2029

Table 59 Rest of APAC Water Heater Market Share, By Technology, By Value, 2019–2029

Table 60 Rest of APAC Water Heater Market Share, By Capacity, By Value, 2019–2029

Table 61 Rest of APAC Water Heater Market Share, By Application, By Value, 2019–2029

Table 62 Rinnai Corporation Company Overview

Table 63 Rinnai Corporation Financial Overview

Table 64 Bradford White Corporation Company Overview

Table 65 Bradford White Corporation Financial Overview

Table 66 Ariston Holding N.V. Company Overview

Table 67 Ariston Holding N.V. Financial Overview

Table 68 Haier, Whirlpool Corporation Company Overview

Table 69 Haier, Whirlpool Corporation Financial Overview

Table 70 State Industries Company Overview

Table 71 State Industries Financial Overview

Table 72 Racold Company Overview

Table 73 Racold Financial Overview

Table 74 FERROLI S.p.A Company Overview

Table 75 FERROLI S.p.A Financial Overview

Table 76 Hubbell Heaters Company Overview

Table 77 Hubbell Heaters Financial Overview

Table 78 LINUO RITTER INTERNATIONAL CO. LTD. Company Overview

Table 79 LINUO RITTER INTERNATIONAL CO. LTD. Financial Overview

Table 80 Jaquar India Company Overview

Table 81 Jaquar India Financial Overview

Table 82 GE Appliances Company Overview

Table 83 GE Appliances Financial Overview

Table 84 Viessmann Company Overview

Table 85 Viessmann Financial Overview

Table 86 STIEBEL ELTRON GmbH & Co. KG, Company Overview

Table 87 STIEBEL ELTRON GmbH & Co. KG, Financial Overview

Table 88 Havells India Ltd. Company Overview

Table 89 Havells India Ltd. Financial Overview

Table 90 Bajaj Electricals Limited Company Overview

Table 91 Bajaj Electricals Limited Financial Overview

Table 92 AQUAMAX AUSTRALIA PTY. LIMITED Company Overview

Table 93 AQUAMAX AUSTRALIA PTY. LIMITED Financial Overview

Table 94 Deka Fan Malaysia Company Overview

Table 95 Deka Fan Malaysia Financial Overview

Table 96 Joven Electric Corporation Company Overview

Table 97 Joven Electric Corporation Financial Overview

Market Segmentation

By Type

Electric
Solar
Gas

By Technology

Tankless
Storage
Hybrid

By Capacity

Below 30 Liters
30–100 Liters
100–250 Liters
250–400 Liters
Above 400 Liters

By Application

Residential
Commercial
Industrial

By Country

China
India
Japan
South Korea
Australia & New Zealand
Indonesia
Malaysia
Singapore
Philippines
Vietnam
Rest of APAC

No data available

To request a free sample copy of this report, please complete the form below.

We value your investment and offer free customization with every report to fulfil your exact research needs.

Yes, I have read the privacy policy

This website is secure and your personal details are safe.

Frequently Asked Questions (FAQs):

1. Which is the fastest growing country in Asia-Pacific Water Heater Market?

Ans: China is expected to grow at the fastest rate in Asia-Pacific Water Heater Market during the forecast period.

2. What are the major factors driving the growth of Asia-Pacific Water Heater Market?

Ans: Major factors driving the growth of Asia-Pacific Water Heater Market include increasing product customization and rapid urbanization and rising demand for water heating systems.

3. What is the current market size of Asia-Pacific Water Heater Market?

Ans: Asia-Pacific Water Heater Market size was estimated at USD 9.6 billion in 2022.

4. Which segment accounted for the highest share in Asia-Pacific Water Heater Market by application?

Ans: The residential segment held the highest Market share in the Asia-Pacific Water Heater Market by application.

5. Name the key players in Asia-Pacific Water Heater Market.

Ans: Key players in Asia-Pacific water heater Market include Rinnai Corporation, Bradford White Corporation, Ariston Holding N.V., Haier, Whirlpool Corporation, State Industries, Racold, FERROLI S.p.A, Hubbell heaters, LINUO RITTER INTERNATIONAL CO. LTD., Jaquar India, GE Appliances, Viessmann, STIEBEL ELTRON GmbH & Co. KG, Havells India Ltd., Bajaj Electricals Limited, AQUAMAX AUSTRALIA PTY. LIMITED, Deka Fan Malaysia, and Joven Electric Corporation.

PLACE AN ORDER

SINGLE USER LICENSE
$ 3599
GROUP LICENSE
$ 4000
ENTERPRISE LICENSE
$ 4500
EXCEL DATA PACK
$ 2100

Request for Sample

RELATED REPORTS

WHY CHOOSE US

24/7 Research Support

Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Custom Research Service

Ask the Analyst to customize an exclusive study to serve your research needs
Quality & Accuracy

Ask the Analyst to customize an exclusive study to serve your research needs
Data Visualization

As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.