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Market Research Report

Asia-Pacific (APAC) Tankless Water Heater Market Size, Industry Analysis, Trends, Share, Demand, Growth Drivers, Market Opportunity Assessment, Regional Outlook & Forecast 2017-2025

Published On : 2018-04-04 Report Page : 260 Category: Consumer Retail

Asia-Pacific Tankless Water Heaters Market 

Market Overview

The development of innovative technologies on the back of energy conservation has led to 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 tends 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 Asia-Pacific tankless water heaters market. Energy Efficiency investments in 2016 in the APEC region was increased by 9% over 2015 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 growth of major players. Also the companies with energy saving solutions are eligible to receive compensation. Further, the growth of 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 2024, growing at a CAGR of 5.49% over the forecast period (2016-2024).

Asia-Pacific Tankless Water Heaters Market Segmentation

By Fuel Type

  • Electric Tankless Water Heater
  • Gas Tankless Water Heater

By Technology

  • Condensing
  • Non-Condensing

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 growth of the market in some segments of the society.

By Installation Site

  • Outdoor
  • Indoor

By End-User

  • Residential
  • Commercial
  • Industrial

By Distribution Channel

  • Online
  • Offline

By Geography

  • Japan Electric Tankless Water Heaters Market {Market Share (%), Market Size (USD Billion)}
  • China Electric Tankless Water Heaters Market {Market Share (%), Market Size (USD Billion)}
  • India Electric Tankless Water Heaters Market {Market Share (%), Market Size (USD Billion)}
  • Australia Electric Tankless Water Heaters Market {Market Share (%), Market Size (USD Billion)}
  • Singapore Electric Tankless Water Heaters Market {Market Share (%), Market Size (USD Billion)}
  • South Korea Electric Tankless Water Heaters Market {Market Share (%), Market Size (USD Billion)}
  • New Zealand Electric Tankless Water Heaters Market {Market Share (%), Market Size (USD Billion)}
  • Rest of APAC Electric Tankless Water Heaters Market {Market Share (%), Market Size (USD Billion)}

Geographically, developed regions such as Japan and Australia accounted for largest market share of 29.4%, closely followed by emerging countries such as China and India. Emerging countries are expected to grow at a CAGR of 5.5% over the forecast period backed by the development activities making it an opportunistic market for the entry of new players.

Covered In This Asia-Pacific Tankless Water Heaters Market Report      

The report covers the present ground scenario and the future growth prospects of the tankless water heaters market for 2016-2024 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 2016-2024, has been prepared based on an 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 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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Key questions answered in this Asia-Pacific Tankless Water Heaters Market Report

  • What is the total market size by 2024 and what would be the expected growth rate of market?
  • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Asia-Pacific (APAC) Tankless Water Heater Market Size, Industry Analysis, Trends, Share, Demand, Growth Drivers, Market Opportunity Assessment, Regional Outlook & Forecast 2017-2025

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A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements