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Asia Pacific Water Heater Market Size

  • Report ID: GMI3139
  • Published Date: Oct 2023
  • Report Format: PDF

Asia Pacific Water Heater Market Size

Asia Pacific Water Heater Market was valued at more than USD 11.25 billion in 2023 and is projected to expand at a CAGR of 6.6% from 2024 to 2032.

 

Asia Pacific Water Heater Market

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Favorable government investments in new product development coupled with integration of smart technology into water heaters will boost the industry growth. For instance, in January 2022, GE Appliances launched RealMAX, its first comprehensive atmospheric gas water heater series. These technologically advanced product offers a variety of features comprising capacity ranges of 30 to 50 liters, easy installation, an LED indicator, durability & applicability for residential & light commercial uses.

 

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of water heater in Asia Pacific was worth more than USD 11.6 billion in 2023 and is anticipated to surpass USD 19.67 billion by 2032.

The instant water heater segment will be worth USD 5.8 billion by 2032, owing to ongoing investments across public & private sectors for developing green building infrastructure along with growing population and urbanization across the region.

Japan water heater industry will grow at a 6.5% CAGR through 2032, owing to the robust expansion of manufacturing facilities across the country combined with the shift towards the adoption of sustainable heating solutions.

Havells India Ltd., A.O. Smith, Ariston Holding N.V., Bosch Industriekessel GmbH, Bradford White Corporation, GE Appliances, Haier Inc, Racold, Rheem Manufacturing Company, Rinnai Corporation, State Industries, and FERROLI p.A, among others.

Asia Pacific Water Heater Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 23
  • Tables & Figures: 529
  • Countries covered: 12
  • Pages: 550
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