Asia Pacific Water Heater Market PPT

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Asia Pacific Water Heater is expected to be USD
14.5 Billion by 2030
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Industry Overview

• The Asia Pacific Water Heater Market is set to
  experience significant growth through 2030 owing
  to soaring demand for water heating solutions
  across the APAC region. In addition, changing
  customer preference toward the adoption of
  sustainable products is expected to further spur
  market growth over the forecast period.
• Recently, key companies have been investing in
  technological innovation to offer greener
  solutions and extend their consumer reach across
  the region, which has positively influenced the
  product scenario. For instance, in May 2022,
  Rinnai Corporation, the Japan-based appliance
  expert, announced that it had developed a 100
  hydrogen combustion technology designed for
  residential water heaters. In a world-first, a
  water heater was powered by hydrogen, which has
  gained prominence as a clean fuel source with no
  CO2 emissions.
• The Asia Pacific water heater market has been
  segregated based on product, application,
  capacity, and country.
• From the capacity perspective, the market has
  been divided into lt30, 100-250, 30-100, 250-400,
  and gt400 liters. Among these, the lt30 liters
  segment is estimated to grow at a CAGR of around
  5 by 2030. The gt400 liters segment is projected
  to grow by 1 billion by the end of the analysis
  timeframe.

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• Based on country, the Asia Pacific water heater
  market has been further divided into China,
  India, South Korea, Malaysia, Thailand,
  Philippines, New Zealand, Singapore, Indonesia,
  Japan, and Australia. In South Korea, the water
  heater market is anticipated to expand at a rate
  of about 5 by 2030. The Malaysia water heater
  industry was valued at nearly 170 million in
  2021 and is poised to showcase a favorable growth
  trajectory between 2022 and 2030.
• The Thailand water heater market is expected to
  depict notable expansion at a CAGR of
  approximately 5.5 through 2030. The Asia Pacific
  water heater market share from Philippines is
  estimated to grow by more than 170 million in
  revenue by 2030.
• Meanwhile, in New Zealand, the market is
  speculated to grow significantly through the
  study timespan owing to continuous product
  development. Driven by increasing uptake of
  renewable heating appliances, the Singapore water
  heater market is primed to progress at a steady
  pace over 2022-2030. In Indonesia, the market is
  set to witness considerable growth over the
  assessment timeline on account of prevalent
  concerns about carbon emission.
• In 2021, the Japan water heater market was worth
  above 1 billion and is set to amass substantial
  gains by the end of 2030.

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Asia Pacific Water Heater Market

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