Market Research Report
Thailand Heating 2018
|Published by||BRG Building Solutions||Product code||342237|
|Published||Content info||92 Pages
Delivery time: 1-2 business days
|Thailand Heating 2018|
|Published: May 31, 2018||Content info: 92 Pages||
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.
The Thai economy registered a GDP growth of about 3.9%, up from 3.3% in the previous year, it being the fastest expansion since 2012. A recovery in exports, driven by an improving global economy and a record number of foreign tourists accelerated the growth. Exports of goods and services rose by 5.5% compared to just 2.8% in 2016, analysts expect the growth trend to continue in 2018.
The Thai water heater market in 2017 saw continued recovery in the which started in 2016, after the declines observed in 2014 and 2015. Increased spending on dwellings and an enhanced growth in the real estate market, especially condominiums helped the market gain momentum.
The Thai solar thermal market experienced miniscule growth in 2017 compared to the previous year. Sales in the non-housing segment, which account for the majority of collector installations grew, but only marginally.
In a first, room air conditioner (RAC) sales in Thailand contracted in 2017 after a good 2016. The fall in the market was mainly due continued high household debt, stagnant economy and a cooler weather. Commercial air conditioner also followed the trend of a RACs in terms of volume sales. The VRF market saw a minor growth in 2017, riding on the urbanisation and commercialisation in and around Bangkok and mainly driven by the hospitality sector
This report focuses on the following product categories: