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Market Research Report

Thailand Heating 2019

Published by BRG Building Solutions Product code 342237
Published Content info 92 Pages
Delivery time: 1-2 business days
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Thailand Heating 2019
Published: May 31, 2019 Content info: 92 Pages

Report Overview:

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

Market Overview:

The Thai economy posted a GDP growth of about 4.6% in 2018, up from 3.9% in the previous year. This is the highest growth rate in six years despite external shocks to trade and tourism. Thailand has been on a path to recovery after a weak average growth of 3.5% from 2005 to 2015.

In 2018, the electric water heater market in Thailand continued to grow at a good pace, with nearly similar growth rates as in the previous year. Increased spending on dwellings and an enhanced growth in the real estate market (especially condominiums) helped the market gain further momentum. Sales of thermosyphon tanks were stagnant and the market did not experience any growth during 2018 while sales of monovalent cylinders, although a much smaller market, grew slightly with demand increasing in the non-housing sector for heating systems installed with these cylinders.

The Thai solar thermal market witnessed a decline in 2018 compared to a slow growth experienced in the previous year. Sales to the residential sector continued to remain low, although demand grew marginally, high cost and low cost effectiveness for smaller households being a major deterrent to installations.

2018 was the second consecutive year when the RAC sales dropped in Thailand. The fall in the market was mainly due to continued high household debt and unexpectedly cooler than normal temperatures during the year. However, government projects and growth in construction of large apartment buildings offered good opportunities for commercial AC manufacturers. The VRF market saw good growth in 2018, riding on the continuous urbanisation and commercialisation in and around Bangkok and driven by the hospitality sector.

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 (2005-2018) 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. TH - 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 Thai Distribution Sector - Heating

B.0. TH - Distribution

  • B.1. Distribution: Structural Overview

The Thai Water Heater Market

1.0. TH - Water Heaters

  • 1.1. Market Sector Overview: Water Heaters
  • 1.2. Historical Trends and Forecasts: Water Heaters
  • 1.3. 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: Ind. Cylinders & Gas Storage
    • 1.6.3/4. Imports & Exports: Gas Instantaneous
    • 1.6.5/6. Imports & Exports: Gas Instantaneous
    • 1.7.1/2. Distribution Flow: Water Heaters

The Thai Solar Thermal Market

2. TH - 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 Thai Air Conditioner Market

3.0. TH - 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: Packaged ACs
    • 3.4.6. Sales by Installation Type: Packaged ACs
    • 3.4.7. Sales by System Type: Packaged ACs
    • 3.4.8. Sales by Cooling Type: VRF Systems
    • 3.4.9. Sales by Sector: VRF Systems
    • 3.4.10. Sales by System Type: VRF Systems
    • 3.4.11. Sales by Compressor Technology: Mini-Splits
    • 3.4.12. 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: Packaged ACs
    • 3.5.4. Market Shares: VRFs Systems (Commercial)
    • 3.5.5. Market Shares: VRF Systems (Residential)
    • 3.5.6. Market Shares: Mini-Splits (Multi)
    • 3.5.7. Market Shares: Mini-Splits (Single)
    • 3.6.1/2. Distribution Flow: Air Conditioners
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