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Asia Pacific (APAC) Tankless Water Heaters Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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Asia Pacific (APAC) Tankless Water Heaters Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Asia-Pacific Tankless Water Heaters Market 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).
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Asia Pacific (APAC) Tankless Water Heaters Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Market Segmentation By Fuel Type •
Electric Tankless Water Heater
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Gas Tankless Water Heater
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By Technology •
Condensing
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Non-Condensing
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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
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Indoor
By End-User •
Residential
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Commercial
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Industrial
By Distribution Channel •
Online
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Offline
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Asia Pacific (APAC) Tankless Water Heaters Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
Based on Geography Sample Request • North America Interactive Robots Market(U.S. & Canada) {Market Share (%), Market Size (USD Billion)} • Latin America Interactive Robots Market (Brazil, Mexico, Argentina & Rest of Latin America) {Market Share (%), Market Size (USD Billion)} • Europe Interactive Robots Market (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & RoE) {Market Share (%), Market Size (USD Billion)} • Asia-Pacific Interactive Robots Market (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Share (%), Market Size (USD Billion)} • Middle East & Africa Interactive Robots Market (GCC, South Africa, North Africa, RoMEA) {Market Share (%), Market Size (USD Billion)}
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Asia Pacific (APAC) Tankless Water Heaters Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Sample Request
Market Size and Forecast (2016-2024)
Goldstein Research analyst forecast that the Asia-Pacific tankless water heaters market size is set to reach USD 2,800 million by 2024, growing at a CAGR of 5.49% over the forecast period (2016-2024). 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.
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Asia Pacific (APAC) Tankless Water Heaters Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Scope Background Market Synopsis
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Market Segmentation Asia-Pacific tankless water heaters market is segmented as follows: •
By Fuel Type {Market Size, Demand Analysis and Growth Analysis)
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By Technology (Market Size, Demand Analysis and Growth Analysis)
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By End-User (Market Size, Demand Analysis and Growth Analysis)
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By Installation (Market Size, Demand Analysis and Growth Analysis)
By Country •
North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
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Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
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Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
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Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
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Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
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Rest of World {Market Size, Growth Analysis and Opportunity Analysis}
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Asia Pacific (APAC) Tankless Water Heaters Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Market Dynamics: Growth Drivers, Restraints and Opportunities o Risk Factors o Regional Variations o Recent Trends and Developments
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Key Market Players o Synopsis o Business Strategy o Product Portfolio o SWOT Analysis Porter’s Five Force Model Market Landscape: Competition and Beyond Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem Expert Analysis Concluding Remarks Request for TOC@ https://www.goldsteinresearch.com/toc-request/tankless-water-heater-market-asia-pacific Published By: Goldstein Research
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Asia Pacific (APAC) Tankless Water Heaters Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 About Goldstein Research Based in U.S., Goldstein Research is a young business consulting company and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Published By: Goldstein Research
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Asia Pacific (APAC) Tankless Water Heaters Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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+1-437-886-1181 +44-203-318-6627
Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India
+91-120-473-0422, +91-844-785-9968 sales@goldsteinresearch.com
www.goldsteinresearch.com
Published By: Goldstein Research
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Asia Pacific (APAC) Tankless Water Heaters Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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