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2020-02-20
480
Asia Pacific
The development of innovative technologies on the back of energy conservation has led to the invention of tankless water heaters using gas or electricity as a fuel, which works on the principle of heat transfer to eliminate the consumption of excess energy as compared to traditional water heaters i.e. they tend to save around 22% energy. The technological advancements in reducing energy consumption in residential and commercial places is majorly increasing the demand for tankless water heaters and thus propelling the growth of the market all over the region. Moreover, the trend of connected devices that enables to control and monitor tankless water heaters through smartphones, is extending the growth of the Asia-Pacific tankless water heaters market. Energy Efficiency investments in 2016 in the APEC region was increased by 9% over 2016 and stood at USD 231 billion. Thus the encouraging environment for the adoption of energy-efficient products and equipment marks the APAC region feasible for the growth of major players. Also the companies with energy saving solutions are eligible to receive compensation. Further, the growth of the Asia-Pacific e-commerce sector and logistics has supplemented the increasing supply of tankless water heaters, and the sales grew up by 13.8% in 2017. Goldstein Research analyst forecast that the Asia-Pacific tankless water heaters market is set to reach USD 2,800 million by 2025, growing at a CAGR of 5.49% over the forecast period (2016-2024).
By Fuel Type
By Technology
Non-condensing technology-based electric tankless water heaters have higher demand as is their functioning it pushes out hot gases out of the vent to avoid corrosion. Non-condensing electric tankless water heater uses stainless steel category 3 venting which reduces the maintenance but also increases the product cost and can be a barrier for the growth of the market in some segments of the society.
By Installation Site
By End-User
By Distribution Channel
By Geography
The report covers the present ground scenario and the future growth prospects of the tankless water heaters market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Asia-Pacific region. Asia-Pacific tankless water heaters market is forecasted on the basis of electric tankless water heaters units produced and shipped.
Asia-Pacific Tankless Water Heaters Market Outlook 2017-2025, has been prepared based on in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Asia-Pacific tankless water heaters market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Asia-Pacific Tankless Water Heaters Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.
Our Asia-Pacific tankless water heaters market report comprises of the following companies as the key players: Rinnai Corporation, Bosch GmbH, A.O. Smith Corporation, Bradford White Corporation, Hotter Electric, Atmor & Eemax, Nortiz Corporation, Inc., Stiebel Eltron, Rheem Manufacturing Company, Alpha Electric Co., etc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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