Asia-pacific water heater market is anticipated to grow at a CAGR 6.6% during the forecast period. Asia-Pacific includes several emerging economies is seen as the high potential market for the water heater companies to invest. The growth of the Asia-Pacific market is being primarily driven by China, Japan, and India’s solar panel market. Australia, South Korea, and Taiwan are the key regions growing at a significant rate due to increasing demand for solar water heater coupled with rising installations. The growing trend towards green energy resources has also influenced the growth within the region at an extensive level. Partnerships with other countries have also played a vital role in the growing installations within the region. Therefore, these factors fuel the growth of the Asia-pacific water heater market. 

Asia-Pacific water heater market is segmented into China, Japan, India, and rest of Asia-Pacific. China holds the highest market share in the Asia-Pacific water heater market. India is estimated to grow with the considerable growth during the forecast period.  The Asia-pacific water heater market is segmented on the basis of energy source, mode of water supply and end-user. The solar water heaters are the largest market share in the Asia-pacific water heater market during the forecast period. 

The major players of Asia-pacific water heater market include Crompton Greaves Consumer Electricals Ltd., JiaxingJinyi Solar Energy Technology Co., Ltd., Rinnai Corp., A.O. Smith Corp., Havells India Ltd., Haier electronics group Co., Ltd., Venus home appliance, Himin Solar Group Co., Ltd., Racold Thermo Pvt. Ltd., Bajaj Electricals Ltd. and Hangzhou Kangquan Water Heater Co., Ltd.

Research Methodology

The market study of the Asia-Pacific Water Heater market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for the electronic industry, ICT (Information and Communication Technology) and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Asia-Pacific Water Heater Market Research and Analysis by Energy Source

2. Asia-Pacific Water Heater Market Research and Analysis by Mode of Water Supply 

3. Asia-Pacific Water Heater Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the Asia-Pacific Water Heater market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific Water Heater market.
• Insights about market determinants which are stimulating the Asia-Pacific Water Heater market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.