Market Research Report
Indonesia Heating 2018
|Published by||BRG Building Solutions||Product code||625224|
|Published||Content info||94 Pages
Delivery time: 1-2 business days
|Indonesia Heating 2018|
|Published: November 30, 2018||Content info: 94 Pages||
This report provides an in-depth analysis of the Indonesian heating market including the monitoring of recent trend patterns and demand drivers, plus substantiated volume forecasts for the next 5 years.
Indonesia is the fourth most populous country in the world and the most heavily populated nation in Asia, with a high population density of over 130 people per square kilometre. Though the climate is tropical and there is no winter season in Indonesia, water heater sales witness a rise during a long rainy season, when the temperature drops below the average annual temperature. The electric storage water heater is by far the dominant water heating product in Indonesia, as it was the first water heating solution to be introduced to the country's market. It is only recently that the instantaneous variety has been introduced and is slowly making inroads in Indonesian households. Lack of adequate electricity, erratic supply and cost considerations are the main reasons for the presence and growth of gas water heaters. The Indonesian water heater market continued to experience positive growth rates in 2017 although not as rapidly as compared to the previous year. Sale of electric water heaters grew faster as compared to gas water heaters, wherein electric storage water heater managed to retain a prime spot.
Sales of solar thermal water heaters continued to grow in 2017 owing to the demand from new housing projects and the commercial sector. Sales of solar thermal water heaters has risen due to erratic electricity prices in the recent years and the increasing awareness that is evolving amongst new homeowners and real estate developers. The flat plate type of solar thermal water heaters continues to remain the most popular product in the market but the vacuum type is expected to gain market share in the next few years.
Indonesia serves as a lucrative market for air conditioners because of a perennial hot and humid climate in the island. With rising development and income levels, the middle class, which already comprises a sizeable proportion of the total population, demands an increasing number of AC units. The market for Room Air - conditioners (RACs) has been on the rise and the overall AC market has been dominated by single mini splits whilst the demand for multi-splits has remained low. Sales of VRF system sales grew well in 2017 due to a better-performing commercial construction market, while Chiller demand experienced a drop due to slowdown in sales to the commercial sector.
This report focuses on the following product categories: