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Asia Pacific Storage Water Heater Market Share
- Report ID: GMI5772
- Published Date: May 2023
- Report Format: PDF
Asia Pacific Storage Water Heater Market Share
Eminent players operating across the APAC storage water heater market are focusing on strategic partnerships along with mergers & acquisitions to increase their competitive edge over the others. Major manufacturers operating across the industry include
- Havells India Ltd.
- Ariston Holding N.V.
- STIEBEL ELTRON GmbH & Co. KG
- A.O. Smith
- Bosch Thermotechnology
- Haier Inc.
- Bradford White Corporation
- Racold
- JOVEN Electric Co. Sdn
- State Industries
- Viessmann
- Thermann
Frequently Asked Questions (FAQ) :
The market size for storage water heater in APAC surpassed USD 6.97 billion in 2023 and could surpass USD 11.63 billion by 2032, with product benefits such as easy installations, low-cost, fuel flexibility and minimum flow rate requirements.
The residential application segment dominated over USD 4.2 billion during 2022, owing to factors such as affordable prices, suitable range of capacities, and flexible installation.
Electric storage water heater market value in Asia Pacific could surpass USD 6.2 billion by 2032, with continuous development of grid networks, surge in the number of points of connection, and benefits such as lower standby losses & ease of installation.
Japan storage water heater market accounted for 12% revenue share in 2022, and will grow further due to increased demand for energy-efficient products to support the continuous infrastructure development in the region.
Asia Pacific Storage Water Heater Market Scope
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