Asia Pacific Electric Water Heater Market to 2027 - Regional Analysis and Forecasts by Product (Storage, Non-storage); Application (Residential, Commercial, Industrial)
The electric water heater market in Asia-Pacific is expected to grow from US$ 6,407.1 Mn in 2018 to US$ 10,967.8 Mn by the year 2027 at a CAGR of 6.2% during the forecast period.
An electric water heater is used to heat water in various applications such as residential, commercial, and industrial. Electric water heaters systems work from the inside-out, by heating elements present in the heater, immersed in a water storage tank, and transfers heat from the elements to the water. Water heating accounts for a considerable proportion of domestic energy use in all economies. The electric storages water heater comes in two product types, such as storage electric water heater and non-storage water heater. The electric storages water heater used where the electric element provides heating, and they are used in homes and businesses. While the non-storage water heater includes an instantaneous water heater, which heats the water instantly, such types of heaters are best suited for apartments. It can lessen water heating costs by half as it is able to adjust the amount of electricity required to warm up the water.
The rising demand for non-storage water heaters and growth in disposable income is expected to drive the Asia-Pacific electric water heater market. Dynamics, such as enhancing environmental sustainability, energy efficiency, and temperature control during the forecast period is expected to fuel the Asia-Pacific electric water heater market. In addition, the increasing demand across domestic applications such as bathing, cleaning, and cooking, also from commercial and industrial end-use such as hospitals, hotels, and the power industry, might boost electric water heater market growth. The electricity shortages and fluctuation together with the growing popularity of alternative fuels such as solar power and might hinder the growth of the Asia-Pacific electric water heater market. In addition, increasing electricity prices, changes in government regulations are a few other factors that might hinder the Asia-Pacific electric water heater market.
The Asia-Pacific electric water heater market is expected to grow at a good CAGR during the forecast period. The growing urbanization and increasing construction industry are supporting the increasing demand for the electric water heater market in Asia-Pacific.
Rest of Asia-PacificElectric Water HeaterMarket Revenue and Forecast to 2027 (US$ Mn)
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Asia-PacificElectric Water Heater Market–Segmentation
Asia-Pacific Electric Water Heater Market – By Product
- Storage
- < 30 Litres
- 30-100 Litres
- 100-250 Litres
- 250-400 Litres
- 400 Litres
- Non-storage
Asia-Pacific Electric Water Heater Market – By Application
- Residential
- Commercial
- Industrial
Asia-PacificElectric Water HeaterMarketByCountry
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Asia-PacificElectric Water Heater Market-Companies Mentioned
- AO Smith Corporation
- Ariston Thermo S.p.A
- Bajaj Electricals Ltd.
- Bosch Group
- Bradford White Corp.
- Haier Smart Home Co., Ltd.
- Midea Group
- Siemens AG
- Viesmann Group
- Whirlpool Corporation
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)
The List of Companies - Asia Pacific Electric Water Heater Market
- AO Smith Corporation
- Ariston Thermo S.p.A
- Bajaj Electricals Ltd.
- Bosch Group
- Bradford White Corp.
- Haier Smart Home Co., Ltd.
- Midea Group
- Siemens AG
- Viesmann Group
- Whirlpool Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia-Pacificelectric water heatermarket.
- 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-Pacificelectric water heatermarket, 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-Pacificmarket 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.