Market Research Report
Indonesia Heating 2019
|Published by||BRG Building Solutions||Product code||625224|
|Published||Content info||95 Pages
Delivery time: 1-2 business days
|Indonesia Heating 2019|
|Published: November 30, 2019||Content info: 95 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's economy experienced a resilient growth in 2018, the fastest in five years despite weakening exports late in the year. The country registered a GDP growth of around 5.2% during the year, the highest level since 2013.
The Indonesian water heater market continued to experience positive developments in 2018. The growth in volume sales of electric instantaneous water heaters was almost similar to that of the previous year. However, electric instantaneous water heaters are not as popular as electric storage water heaters, and thus the market for them is smaller. It seems gas water heater sector has been affected by the end of gas subsidies in Indonesia. This has caused gas instantaneous water heaters to grow at a lower rate over the past couple of years.
Sales of thermosyphon tanks grew during 2018, in line with the growth in sales of solar collectors, as they are quite economical to operate and the best option for storing water in a tropical climate. The sales of solar thermal systems continued to grow in 2018, thanks to the high demand from new housing projects and the commercial sector - where large quantities of hot water are required.
In the Indonesian air conditioner market, RAC (Room Air Conditioner) demand has witnessed a slight growth year-on-year. The local market has been on the right track, with stable growth. While the construction of commercial projects has slowed down a bit, sales of VRF and other commercial AC sales have done fairly well during 2018, making Indonesia the leader in the Southeast Asian market in terms of overall volume sales.
This report focuses on the following product categories: