Asia Pacific Storage Water Heater Market Size 2020 by Application, Capacity, Energy Source and Forecast to 2026 – FLA News

As the governments of numerous countries in the region seek full electrification through beneficial plans and programs, the Asia-Pacific storage water heater market share from the electric water heater segment is expected to grow significantly.

As a rule, easy-to-install and inexpensive storage water heaters are an ideal solution for meeting the daily needs of households for washing and cleaning, as they give off hot water in a very short time. These systems are available in a variety of sizes so that end users can install them according to their individual needs.

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The demand for storage water heaters in the Asia-Pacific region is expected to pick up pace by 2026. Due to the outbreak of the COVID-19 pandemic, the need to maintain hygiene is increasing. The readily available hot water is very convenient for people who, due to the special demands of their job, have to shower frequently during and after the pandemic.

The following four trends have defined the market outlook for Storage Water Heater in Asia Pacific:

Electric storage water heater segment to provide traction

Reduced access to gas supplies in several areas of the region has encouraged the use of electric water heater systems in the Asia-Pacific region. Electric water heaters are great for environments such as hotels where there are short periods of peak demand.

The demand for gas water heaters is growing significantly

The gas water heater segment in the APAC storage water heater market will see higher sales each year for the years to come, with the number of installations increasing in the region. Since many end users only have a limited number of electrical connections, gas water heaters are preferred due to their dependence on biogas resources.

With more regions connected to natural gas pipeline systems in the region, easy access to natural gas should support demand for these systems. For example, in January 2021 the Indian government inaugurated its 450 km long Kochi-Mangaluru natural gas pipeline worth USD 410.3 million. The relatively low cost of these storage water heaters has encouraged their use.

Commercial water heaters are used more often

The commercial water heater segment is about to expand significantly due to the multitude of benefits that come with installing these systems. Not only are these systems convenient to use because of the availability of multiple dispensing points, but the water storage capacity of these systems is also high.

Due to the ability of these systems to provide continuous flow at high pressure, several airports, railroad junctions, hospitals and shopping malls have recently installed these water heaters, boosting the market forecast for APAC storage water heaters.

Residential segment is expected to show considerable demand

The demand for residential water heaters is expected to represent a significant portion of the total APAC water heater market share by 2026. This trend has taken hold in place of instant heaters to minimize costs due to the growing number of families choosing hot water tanks.

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Numerous HVAC contractors and service providers in the area offer productive water heating systems at competitive prices, which improves the prospect for the market outlook for APAC water heaters. The Viessmann Group, AO Smith, Whirlpool, Haier Electronics, Rinnai, the Vaillant Group, Havells India Limited, Bradford White, Ferroli and Racold are some of the leading manufacturers of storage water heaters in the Asia-Pacific region.

Table of contents (ToC) of the report:

Chapter 1. Methodology and scope

1.1. methodology

1.2. Market definitions

1.3. Market assessments and forecast parameters

1.4. Data sources

1.4.1. Primary

1.4.2. Secondary

Chapter 2. Summary

2.1. Asia Pacific Storage Water Heater Market 3600 Synopsis, 2015-2026

Chapter 3. Insights into the Asia Pacific Storage Water Heater Industry

3.1. Industry segmentation

3.2. Industrial landscape, 2015-2026

3.3. Analysis of the industrial ecosystem

3.3.1. Supplier matrix

3.4. Innovation & Sustainability

3.5. Regulatory landscape

3.6. Influences of industry

3.6.1. Growth accelerator

3.6.2. Pitfalls and challenges in the industry

3.7. Growth potential analysis

3.8. Porter’s analysis

3.9. Competitive landscape, 2019

3.9.1. Strategy dashboard

3.10. PESTEL analysis

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