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Market Research Report

Asia Pacific Electric Water Heater Market to 2027 - Regional Analysis and Forecasts by Product (Storage, Non-storage), Application (Residential, Commercial, Industrial)

Published by The Insight Partners Product code 933097
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Asia Pacific Electric Water Heater Market to 2027 - Regional Analysis and Forecasts by Product (Storage, Non-storage), Application (Residential, Commercial, Industrial)
Published: March 31, 2020 Content info: 86 Pages
Description

The electric water heater market in APAC was valued at US$ 6,407.1 million in 2018 and is projected to reach US$ 10,967.8 million by 2027; it is expected to grow at a CAGR of 6.2% during 2019-2027. The building construction investment by respective state government authorities would positively optimize the business outlook; the rising demand for storage as well as non-storage electric water heaters, would also augment the industry landscape. The swift economic development in the APAC region, along with substantial enhancement in living standards, would fuel the growth of electric water heater market in the region during the forecast period. The booming tourism industry has contributed substantial investment for the construction and development of commercial facilities, such as hotels, hospitals, and resorts. According to the World Economic Forum (WEF), in the coming years, China would be the top destination center for tourists, and the country is set to overtake France as the leading destination by 2030. Thus, the tourism sector has surged the revenue of electric water heater market due to a rise in the number of foreign arrivals, which leads to an increase in the number of commercial buildings such as hotels, which would further increase the installation of electric water heater products. Therefore, growing construction industry in the region is expected to support the growth of electric water heater market in the region.

Based on product, the electric water heater market in APAC was led by a storage segment in 2018 with a decent share and is expected to continue its dominance during the forecast period. However, the non-storage segmented in electric water heater market is expected to grow at a high rate. A storage water heater contains an insulated storage tank, usually cylindrical, where the hot water is stored to be used. The water in the storage equipment is stored at a pre-set temperature of 60-80°C. The water in the storage tank is heated with the help of one or more electric resistance elements. There are certain rules and regulations while installing the electric storage water heater in domestic or commercial areas. For instance, the Minimum Energy Performance Standards (MEPS) for electric storage water heaters in countries such as Australia and New Zealand regulates the minimum level of energy performance that the water heater should meet before they are used for commercial purposes. The low cost of electricity in the emerging countries is expected to support the growth of electric water heater market in the region.

The overall electric water heater market size in APAC has been derived using both primary and secondary sources. The research process begins with extensive secondary research using internal and external sources to obtain qualitative and quantitative information related to the electric water heater market in APAC. It also provides an overview and forecast for the electric water heater based on all the segmentation provided with respect to the APAC region. Also, primary interviews were conducted with industry participants and commentators in order to validate and analyze the data. The participants who take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the electric water heater industry. AO Smith Corporation, Ariston Thermo S.p.A, Bajaj Electricals Ltd., Bradford White Corp., Whirlpool Corporation, Haier Inc., Midea Group, Bosch Thermotechnology, Siemens AG, and Viesmann Group are some of the key players present in the electric water heater market in APAC.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia-Pacific electric water heater market.

Highlights key business priorities in order to assist companies to realign their business strategies

The key findings and recommendations highlight crucial progressive industry trends in the Asia-Pacific electric water heater market, thereby allowing players across the value chain to develop effective long-term strategies

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

Scrutinize in-depth Asia-Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Table of Contents
Product Code: TIPRE00009983

TABLE OF CONTENTS

1. Introduction

  • 1.1 Scope of the Study
  • 1.2 The Insight Partners Research Report Guidance
  • 1.3 Market Segmentation
    • 1.3.1 Asia-Pacific Electric Water Heater Market - By Product
    • 1.3.2 Asia-Pacific Electric Water Heater Market - By Application
    • 1.3.3 Asia-Pacific Electric Water Heater Market - By Country

2. Key Takeaways

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. Asia-Pacific Electric Water Heater Market Landscape

  • 4.1 Market Overview
  • 4.2 PEST Analysis
    • 4.2.1 APAC PEST Analysis
  • 4.3 Ecosystem Analysis

5. Asia-Pacific Electric Water Heater Market - Key Industry Dynamics

  • 5.1 Key Market Drivers
    • 5.1.1 Increasing urban population
    • 5.1.2 Commercialization across different countries
  • 5.2 Key Market Restraints
    • 5.2.1 Increasing popularity of renewable energy sources
  • 5.3 Key Market Opportunities
    • 5.3.1 Accentuating Adoption of Electric Water Heaters in Developing Countries
  • 5.4 Future Trends
    • 5.4.1 Technological advancements in electric water heater market
  • 5.5 Impact Analysis of Drivers and Restraints

6. Asia-Pacific Electric Water Heater Market -Market Analysis

  • 6.1 Asia-Pacific Electric Water Heater Market Overview
  • 6.2 Asia-Pacific Electric Water Heater market Forecast and Analysis

7. Asia-Pacific Electric Water Heater Market - By Product

  • 7.1 Overview
  • 7.2 Electric Water Heater Market Breakdown, by Product, 2018 and 2027
  • 7.3 Storage
    • 7.3.1 Overview
    • 7.3.2 Storage Market Revenue and Forecasts to 2027 (US$ Mn)
    • 7.3.3 < 30 Litres
      • 7.3.3.1 Overview
      • 7.3.3.2 < 30 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
    • 7.3.4 30 - 100 Litres
      • 7.3.4.1 Overview
      • 7.3.4.2 30 - 100 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
    • 7.3.5 101 - 250 Litres
      • 7.3.5.1 Overview
      • 7.3.5.2 101 - 250 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
    • 7.3.6 251 - 400 Litres
      • 7.3.6.1 Overview
      • 7.3.6.2 251 - 400 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
    • 7.3.7 > 400 Litres
      • 7.3.7.1 Overview
      • 7.3.7.2 > 400 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
  • 7.4 Non-Storage
    • 7.4.1 Overview
    • 7.4.2 Non-Storage Market Revenue and Forecasts to 2027 (US$ Mn)

8. Asia-Pacific Electric Water Heater Market - By Application

  • 8.1 Overview
  • 8.2 Electric Water Heater Market Breakdown, by Application, 2018 & 2027
  • 8.3 Residential
    • 8.3.1 Overview
    • 8.3.2 Residential Market Revenue and Forecasts to 2027 (US$ Mn)
  • 8.4 Commercial
    • 8.4.1 Overview
    • 8.4.2 Commercial Market Revenue and Forecasts to 2027 (US$ Mn)
  • 8.5 Industrial
    • 8.5.1 Overview
    • 8.5.2 Industrial Market Revenue and Forecasts to 2027 (US$ Mn)

9. Asia-Pacific Electric Water Heater Market - Country Analysis

  • 9.1 APAC Country Analysis
    • 9.1.1 APAC Electric Water Heater Market Breakdown, By Country
      • 9.1.1.1 Australia Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
        • 9.1.1.1.1 Australia Electric Water Heater Market Breakdown, By Product
        • 9.1.1.1.2 Australia Electric Water Heater Market Breakdown, By Storage Capacity
        • 9.1.1.1.3 Australia Electric Water Heater Market Breakdown, By Application
      • 9.1.1.2 China Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
        • 9.1.1.2.1 China Electric Water Heater Market Breakdown, By Product
        • 9.1.1.2.2 China Electric Water Heater Market Breakdown, By Storage Capacity
        • 9.1.1.2.3 China Electric Water Heater Market Breakdown, By Application
      • 9.1.1.3 Japan Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
        • 9.1.1.3.1 Japan Electric Water Heater Market Breakdown, By Product
        • 9.1.1.3.2 Japan Electric Water Heater Market Breakdown, By Storage Capacity
        • 9.1.1.3.3 Japan Electric Water Heater Market Breakdown, By Application
      • 9.1.1.4 India Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
        • 9.1.1.4.1 India Electric Water Heater Market Breakdown, By Product
        • 9.1.1.4.2 India Electric Water Heater Market Breakdown, By Storage Capacity
        • 9.1.1.4.3 India Electric Water Heater Market Breakdown, By Application
      • 9.1.1.5 South Korea Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
        • 9.1.1.5.1 South Korea Electric Water Heater Market Breakdown, By Product
        • 9.1.1.5.2 South Korea Electric Water Heater Market Breakdown, By Storage Capacity
        • 9.1.1.5.3 South Korea Electric Water Heater Market Breakdown, By Application
      • 9.1.1.6 Rest of APAC Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
        • 9.1.1.6.1 Rest of APAC Electric Water Heater Market Breakdown, By Product
        • 9.1.1.6.2 Rest of APAC Electric Water Heater Market Breakdown, By Storage Capacity
        • 9.1.1.6.3 Rest of APAC Electric Water Heater Market Breakdown, By Application

10. Asia-Pacific Electric Water Heater Market - Industry Landscape

  • 10.1 Overview
  • 10.2 Market Initiative
  • 10.3 Merger and Acquisition
  • 10.4 New Development

11. Company Profiles

  • 11.1 A. O. Smith Corporation
    • 11.1.1 Key Facts
    • 11.1.2 Business Description
    • 11.1.3 Product and Services
    • 11.1.4 Financial Overview
    • 11.1.5 SWOT Analysis
    • 11.1.6 Key Developments
  • 11.2 Ariston Thermo Group SpA
    • 11.2.1 Key Facts
    • 11.2.2 Business Description
    • 11.2.3 Product and Services
    • 11.2.4 Financial Overview
    • 11.2.5 SWOT Analysis
    • 11.2.6 Key Developments
  • 11.3 Bajaj Electricals Ltd
    • 11.3.1 Key Facts
    • 11.3.2 Business Description
    • 11.3.3 Product and Services
    • 11.3.4 Financial Overview
    • 11.3.5 SWOT Analysis
    • 11.3.6 Key Developments
  • 11.4 Bosch Group
    • 11.4.1 Key Facts
    • 11.4.2 Business Description
    • 11.4.3 Product and Services
    • 11.4.4 Financial Overview
    • 11.4.5 SWOT Analysis
    • 11.4.6 Key Developments
  • 11.5 Bradford White Corporation (BWC)
    • 11.5.1 Key Facts
    • 11.5.2 Business Description
    • 11.5.3 Product and Services
    • 11.5.4 Financial Overview
    • 11.5.5 SWOT Analysis
    • 11.5.6 Key Developments
  • 11.6 Haier Smart Home Co., Ltd.
    • 11.6.1 Key Facts
    • 11.6.2 Business Description
    • 11.6.3 Product and Services
    • 11.6.4 Financial Overview
    • 11.6.5 SWOT Analysis
    • 11.6.6 Key Developments
  • 11.7 Midea Group Co., Ltd.
    • 11.7.1 Key Facts
    • 11.7.2 Business Description
    • 11.7.3 Product and Services
    • 11.7.4 Financial Overview
    • 11.7.5 SWOT Analysis
    • 11.7.6 Key Developments
  • 11.8 Siemens AG
    • 11.8.1 Key Facts
    • 11.8.2 Business Description
    • 11.8.3 Product and Services
    • 11.8.4 Financial Overview
    • 11.8.5 SWOT Analysis
    • 11.8.6 Key Developments
  • 11.9 Viessmann Werke GmbH & Co. KG
    • 11.9.1 Key Facts
    • 11.9.2 Business Description
    • 11.9.3 Product and Services
    • 11.9.4 Financial Overview
    • 11.9.5 SWOT Analysis
    • 11.9.6 Key Developments
  • 11.10 Whirlpool Corporation
    • 11.10.1 Key Facts
    • 11.10.2 Business Description
    • 11.10.3 Products and Services
    • 11.10.4
    • 11.10.5 Financial Overview
    • 11.10.6 SWOT Analysis
    • 11.10.7 Key Developments

12. Appendix

  • 12.1 About The Insight Partners
  • 12.2 Glossary of Terms

LIST OF TABLES

  • Table 1. Asia-Pacific Electric Water Heater market, Revenue and Forecast to 2027 (US$ Mn)
  • Table 2. APAC Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 3. APAC Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 4. APAC Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 5. Australia Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 6. Australia Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 7. Australia Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 8. China Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 9. China Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 10. China Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 11. Japan Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 12. Japan Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 13. Japan Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 14. India Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 15. India Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 16. India Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 17. South Korea Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 18. South Korea Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 19. South Korea Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 20. Rest of APAC Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 21. Rest of APAC Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 22. Rest of APAC Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 23. Glossary of Term: Electric Water Heater Market

LIST OF FIGURES

  • Figure 1. Asia-Pacific Electric Water Heater Market Segmentation
  • Figure 2. Asia-Pacific Electric Water Heater Market Segmentation - Geography
  • Figure 3. Electric Water Heater Market, by Application
  • Figure 4. Electric Water Heater Market, by Country
  • Figure 5. Electric Water Heater Market Overview
  • Figure 6. Electric Water Heater Market : Competition Landscape
  • Figure 7. APAC PEST Analysis
  • Figure 8. Electric Water Heater Market Ecosystem Analysis
  • Figure 10. Asia Pacific Urban Population Percentage by Countries, 2018
  • Figure 11. Asia-Pacific Electric Water Heater Market Impact Analysis of Drivers and Restraints
  • Figure 12. Asia-Pacific Electric Water Heater market Forecast and Analysis, (US$ Mn)
  • Figure 13. Asia-Pacific Electric Water Heater Market Breakdown, by Product, 2018 and 2027 (%)
  • Figure 14. Asia Pacific Storage Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 15. Asia-Pacific < 30 Liters Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 16. Asia-Pacific 30 - 100 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 17. Asia-Pacific 101 - 250 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 18. Asia-Pacific 251 - 400 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 19. Asia-Pacific > 400 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 20. Asia-Pacific Non-Storage Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 21. Asia-Pacific Electric Water Heater Market Breakdown, by Application, 2018 & 2027 (%)
  • Figure 22. Asia-Pacific Residential Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 23. Asia-Pacific Commercial Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 24. Asia-Pacific Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 25. APAC Electric Water Heater Market Breakdown, By Country, 2018 & 2027(%)
  • Figure 26. Australia Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
  • Figure 27. China Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
  • Figure 28. Japan Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
  • Figure 29. India Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
  • Figure 30. South Korea Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
  • Figure 31. Rest of APAC Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
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