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Asia Pacific Water Heater Market Share

Report ID: GMI3139
Published Date: Jul 2024
Report Format: PDF

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Asia Pacific Water Heater Market Share

Asia Pacific Water Heater Company Market Share

Industry collaborations in the water heater industry across the Asia-Pacific region have been instrumental in driving innovation, expanding market reach, and improving product offerings. Development and marketing of tankless water heaters, ongoing expansion into emerging markets in Southeast Asia and development of energy-efficient water heating solutions will drive the business scenario. Further, integration of renewable energy sources with water heating systems along with research on advanced water heating technologies and smart systems is set to augment the business landscape.

Asia Pacific Water Heater Market Companies

Eminent players operating in the Asia Pacific Water Heater industry are:

AQUAMAX AUSTRALIA PTY.
A. O. Smith
Ariston Holding N.V.
Bajaj Electricals Ltd
Bosch Industriekessel GmbH
Bradford White Corporation
FERROLI p.A
GE Appliances
Haier Inc
Havells India Ltd.
Hubbell Heaters
Jaquar India
LINUO RITTER INTERNATIONAL CO. LTD.
Racold
Rheem Manufacturing Company
Rinnai Corporation
State Industries
STIEBEL ELTRON GmbH & Co. KG (DE)
Viessmann Climate Solutions SE
Vaillant

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

Asia Pacific water heater industry size was valued at USD 11.25 billion in 2023 and is anticipated to register 6.6% CAGR between 2024 to 2032, owing to government mandates pertaining to greenhouse gas emissions and increasing demand for water heating systems.

Asia Pacific water heater market from the instant segment will record USD 5.81 billion by 2032, due to their low power consumption, longer lifespan, energy efficiency, and widespread use in multifamily apartments.

China water heater industry size reached USD 10.56 billion in 2023 and may reach USD 23.44 billion by 2032, owing to economic growth, urbanization, technological advancements, and supportive government policies.

AQUAMAX AUSTRALIA PTY., A. O. Smith, Ariston Holding N.V., Bajaj Electricals Ltd, Bosch Industriekessel GmbH, Bradford White Corporation, FERROLI p.A, GE Appliances, Haier Inc, Havells India Ltd., and Jaquar India, among others.