Asia Pacific Storage Water Heater Market Size

Asia Pacific Storage Water Heater Market Size

Asia Pacific Storage Water Heater Market was valued at USD 6.5 billion in 2024 and is estimated to grow at a CAGR of 6.5% from 2025 to 2034. A storage water heater, also known as a tank water heater or tank-type water heater, is a type of water heating system that stores a large volume of water in a well-insulated tank and heats it to the desired temperature. This water is kept in the tank and is ready for use whenever needed.

Increasing prioritization of comfort and luxury along with rising living standards will influence the market statistics. Adopting gas and tankless heating systems reduces carbon and greenhouse gas emissions, aiding in water and energy conservation, driving the business scenario. Moreover, innovations in compact designs and easy installations will enhance the industry outlook.
 

Clean combustion and reduced carbon emissions are set to drive the gas water heater market. The capacity to manage large volumes while delivering high heating output will enhance the product penetration. Increasing deployment across the commercial facilities coupled with growing requirement to comply with the energy efficiency guidelines and ongoing construction mandates & codes will support the refurbishment activities, thereby driving the business growth. Ongoing construction of new colleges and office buildings throughout the cities will further boost the product demand.