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Asia Pacific Storage Water Heater Market Share

Report ID: GMI5772
Published Date: Nov 2024
Report Format: PDF

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Asia Pacific Storage Water Heater Market Share

The competitive landscape in the storage water heater industry across the Asia Pacific region is shaped by a combination of local and global players, technological advancements, and evolving consumer preferences. The market is diverse, influenced by economic development, energy consumption patterns, environmental concerns, and government policies promoting energy efficiency. Further, companies that focus on innovation, energy efficiency, and sustainability will likely maintain a competitive edge.

Asia Pacific Storage Water Heater Market Companies

Eminent players operating in the Asia Pacific storage water heater industry are:

A.O. Smith
Ariston Holding N.V.
Bradford White Corporation
Bosch Thermotechnology
Haier Inc.
Havells India Ltd.
JOVEN Elctric Co. Sdn
Racold
State Industries
STIEBEL ELTRON GmbH & Co. KG
Thermann
Viessmann

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The Asia Pacific market for storage water heater was reached USD 6.5 billion in 2024 and is estimated to grow at a 6.5% CAGR from 2025 to 2034, driven by rising demand for energy-efficient water heaters.

The 30 – 100 liter segment is expected to surpass USD 4.4 billion by 2034, owing to technological advancements and growing disposable incomes.

The residential segment is anticipated to witness a CAGR of over 5% through 2034, led by diverse capacity offerings and competitive pricing.

The China storage water heater market is likely to exceed USD 5.5 billion by 2034, shaped by rapid urbanization and rising disposable incomes.

Key players in the market include A.O. Smith, Ariston Holding N.V., Bradford White Corporation, Bosch Thermotechnology, Haier Inc., Havells India Ltd., JOVEN Electric Co. Sdn, Racold, State Industries, STIEBEL ELTRON GmbH & Co. KG, Thermann, and Viessmann.