Asia-Pacific tankless water heater market is projected to grow at a significant CAGR of 8.9% during the forecast period (2020-2026). Asia-Pacific tankless water heater market is being mainly driven by the growing urbanization coupled with increasing energy demand in emerging economies such as China and India. Australia, South Korea, and Taiwan are the other key countries contributing to the market owing to increasing demand for tankless water heater coupled with rising installations in commercial sectors. There are various manufacturers such as Kyung Dong Navien, Kiturami, Ltd. and others that offer various technology in water heating systems in a region that would contribute to the growth of the market. Kyung Dong Navien Inc. is a South Korea based company that offers NPE series of condensing tankless water heaters for residential, and commercial applications.
Browse the full report description Asia-Pacific Tankless Water Heater Market Size, Share & Trends Analysis Report by Product Type (Electric Water Heater and Gas Water Heater), by Application (Residential and Commercial) and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/asia-pacific-tankless-water-heater-market
Gas instantaneous water heaters, electric storage water heaters, and gas storage water heaters must fulfill minimum energy performance (MEPS) requirements under Greenhouse and Energy Minimum Standards (GEMS). Additionally, the E3 program regulates hot water heaters for MEPS and compliance against those standards. These standards influenced the water heater market in the region. Additionally, the program raises better energy efficiency through industry capacity building, consumer information, and innovation support. Administrative aims for the E3 Hot Waterwork program include the development of a complete and combined method to energy effectiveness across hot water technologies. Therefore these types of initiatives for the energy-efficient water heaters further provide a significant opportunity to the Asia-Pacific tankless water heater market.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2019-2026 |
|
Base year |
2019 |
|
Forecast period |
2020-2026 |
|
Segments Covered |
By Product Type and By Application |
|
Geography Covered |
China, India, Japan, and Rest of Asia-Pacific |
|
Key Companies Profiled |
Bajaj Electricals Ltd., Haier electronics group
Co., Ltd., Havells
India Ltd., General Electric
Co., NORITZ Corp., Rheem
Manufacturing Company, Inc. |
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
o Recommendations
Asia-Pacific Tankless Water Heater Market – Segmentation
By Product Type
By Application
Asia-Pacific Tankless Water Heater Market – Segmentation by Geography
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