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Market Research Report

Philippines Heating 2019

Published by BRG Building Solutions Product code 342236
Published Content info 92 Pages
Delivery time: 1-2 business days
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Philippines Heating 2019
Published: August 31, 2019 Content info: 92 Pages
Description

Report Overview:

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 continued to move on a healthy growth trajectory in 2018, although at a slightly slower pace compared to the previous year. The gross domestic product (GDP) was 6.5% in 2018, slower than the 6.7% in 2017, but still among the fastest in Asia. The industry sector, which contributed around 2.3% to the GDP during the year reported the most robust, although a slower, growth of 6.8% against 7.2% in 2017. This was largely owing to increased construction activity which has been a good indicator of the progress of government's “Build, Build, Build” programme.

In 2018, good growth was recorded in the overall Philippines water heater market, following the trend from the previous year. The market was mainly driven by increased demand resulting from new urban housing projects, a healthy economy and a positive market sentiment among the household consumers. 2018 was a good year for the electric water heater market. The sales continued to move on an upward trajectory. Backed by strong growth in the retail sector, good economic conditions, the volume sales growth was even better than the previous year. Sales of thermosyphon tanks grew in 2018, owing to increased interest in solar thermal water heaters in the country, especially the evacuated tube water heaters which are cheaper when compared to flat plate.

The year 2018 also saw good positive development in the evacuated tube collector segment of the solar thermal market due to greater demand from the residential sector. Unlike the previous year, the flat plate collector market also witnessed positive growth, due to increased construction activity.

For air conditioning products, both retail and project sales continued to remain strong, positively affecting the demand for AC products throughout 2018. Although window units still account for the majority of total room air conditioner sales, sales of mini-splits have been growing at a much higher rate. The inverter models, both in the mini-split as well as window units, have been receiving a good response, owing to long term savings in the country (which has one of the highest electricity tariffs in Asia). There has also been a rise in sales of multi-splits featuring VRF technology because of growing consumer awareness about higher savings in the long term. The rapid growth in commercial construction during 2018 has given a boost to the sales of commercial air conditioning like chillers, air handling units and even commercial VRFs.

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 (2002-2018) and forecasts (2019-2023)
  • Analysis of key market drivers and an understanding of the main influences affecting the future market outlook
  • Market values and average prices (2017 and 2018) 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

  • 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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