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Market Research Report

Philippines Heating 2018

Published by BRG Building Solutions Product code 342236
Published Content info 93 Pages
Delivery time: 1-2 business days
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Philippines Heating 2018
Published: August 31, 2018 Content info: 93 Pages
Description

This report provides an in-depth analysis of the Filipino heating market including the monitoring of recent trend patterns and demand drivers, plus substantiated volume forecasts for the next 5 years.

Market Overview:

The Philippines is one of the rapidly growing countries in south east Asia with a population exceeding 102 million in 2017. With the penetration of building products in the country being low comparatively, there is ample scope for further growth in HVAC products, especially as the rapidly rising middle class and remittances from abroad fuel the demand for these products. The launch of the ambitious $180 billion "build build build" programme by the Duterte government, emphasizing on infrastructural development bodes well for the growth in sales of heating and cooling products in the country, as demand from provincial cities is expected to increase during the forecast period.

"Being located in a tropical region, the climatic conditions in the Philippines influence an underlying need for cooling (in some form or other) in both residential and commercial buildings. In contrast with neighbouring countries, the window air conditioners remain the most popular type of room air conditioner in the country, while mini splits continue to make inroads in the Filipino market in recent times, and its growth is faster as compared to the former. The inverter model is also gaining in popularity owing to long term savings in the Philippines, where electricity prices are among the highest in the world. The rapidly growing Business Process Outsourcing (BPO) sector is the major driver of VRF sales in the country.

Electric instantaneous water heating remains dominant due to lower cost and space requirements along with ease of installation, while the market for electric storage water heater is small, owing to space constraints and higher cost. Of late, there has been renewed interest in high efficiency storage water heaters and also heat pump water heaters, especially in the commercial sector there is large requirement for hot water.

The solar thermal sector is experiencing underlying growth; the high price of electricity in the Philippines makes it an attractive option for heating water, though in the absence of governmental subsidies and incentives, its market size has been limited. Vacuum tube collectors account for the majority of solar collectors owing to their comparatively lower cost.

Product Coverage:

This report focuses on the following product categories:

  • Core heating technologies:
    • Water Heaters
  • Renewable heating technologies:
    • Solar thermal
  • Air Conditioners

Key Data Points:

  • Historical volume trends (2002-2017) and forecasts (2018-2022)
  • Analysis of key market drivers and an understanding of the main influences affecting the future market outlook
  • Market values and average prices (2016 and 2017) at manufacturer selling price (MSP) level
  • End use sector segmentation (e.g. new housing, RMI, non housing)
  • Technical segmentation and product category breakdowns
  • Volume market shares per brand/company
  • Distribution analysis including routes to market flow diagrams
Table of Contents

Table of Contents

Background Heating & Cooling

  • A.0. PH - Background
  • A.1. Background: Overview
    • A.2.1. Climate
    • A.2.2. Key Demographic Figures
  • A.3. Macroeconomic Trends and Forecasts
  • A.4. Historical and Current Exchange Rates
  • A.5. New Dwelling Construction
  • A.6. Dwelling Stock by Type and Tenure

The Filipino Distribution Sector - Heating

  • B.0. PH - Distribution
  • B.1. Distribution: Structural Overview

The Filipino Water Heater Market

  • 1.0. PH - Water Heaters
  • 1.1. Market Sector Overview: Water Heaters
  • 1.2. Historical Trends and Forecasts: Water Heaters
    • 1.3.1. Prices and Market Values: Water Heaters
    • 1.4.1. End Use: Base Year
    • 1.4.2. End Use: Historical and Forecasts
    • 1.4.3. Sales by Type: Water Heaters
    • 1.4.4. Sales by Storage Capacity: Water Heaters
    • 1.4.5. Sales by Storage Capacity: Electric Storage
    • 1.5.1. Market Shares: Electric Instantaneous
    • 1.5.2. Market Shares: Electric Storage
    • 1.5.3. Market Shares: Thermosyphon
    • 1.6.1/2. Imports & Exports: Electric Inst. & Storage
    • 1.6.3/4. Imports & Exports: Other Non-Elec. Water Heaters
    • 1.7.1/2. Distribution Flow: Water Heaters

The Filipino Solar Thermal Market

2. PH - Solar Thermal 40

  • 2.1. Market Sector Overview: Solar Thermal
    • 2.2.1. Historical Trends and Forecasts: Solar Collectors
    • 2.2.2. Historical Trends and Forecasts: Solar Cylinders
  • 2.3. Prices and Market Values: Solar Collectors
    • 2.4.1. End Use: Base Year
    • 2.4.2. End Use: Historical and Forecasts
    • 2.4.3. Solar Thermal Collectors: Type of Installation
    • 2.4.4. Solar Thermal Collectors: Type of System
    • 2.4.5. Solar Thermal Collectors: Type of Circulation
    • 2.5.1. Market Shares: Flat Plate
    • 2.5.2. Market Shares: Vacuum
    • 2.6.1/2. Distribution Flow: Solar Thermal Collectors

The Filipino Air Conditioner Market

  • 3.0. PH - Air Conditioners
  • 3.1. Market Sector Overview: Air Conditioners
  • 3.2. Historical Trends and Forecasts: Air Conditioners
  • 3.3. Prices and Market Values: Air Conditioners
    • 3.4.1. End Use: Base Year
    • 3.4.2. End Use: Historical and Forecasts
    • 3.4.3. Sales by Cooling Capacity: Air Conditioners
    • 3.4.4. Sales by Cooling Type: Chillers
    • 3.4.5. Sales by Cooling Type: VRF Systems
    • 3.4.6. Sales by Sector: VRF Systems
    • 3.4.7. Sales by System Type: VRF Systems
    • 3.4.8. Sales by Compressor Technology: Mini-Splits
    • 3.4.9. Sales by System Type: Mini-Splits
    • 3.5.1. Market Shares: Air Handling Units
    • 3.5.2. Market Shares: Chillers
    • 3.5.3. Market Shares: VRFs Systems (Commercial)
    • 3.5.4. Market Shares: VRF Systems (Residential)
    • 3.5.5. Market Shares: Mini-Splits (Multi)
    • 3.5.6. Market Shares: Mini-Splits (Single)
    • 3.5.7. Market Shares: Window ACs
    • 3.6.1/2. Distribution Flow: Room Air Conditioners
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