Asia Pacific Gas Water Heater Market Size & Growth, 2028

Asia Pacific Gas Water Heater Market Size, Share & Industry Trends Analysis Report By Product Type, By Application (Commercial, Residential, and Industrial), By Installation Type (Indoor and Outdoor), By Fuel Type, By Country and Growth Forecast, 2022 - 2028

Published Date: September-2022 | Number of Pages: 81 | Format: PDF | Report ID: KBV-19726

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Market Report Description

The Asia Pacific Gas Water Heater Market would witness market growth of 6.6% CAGR during the forecast period (2022-2028).

The gas burner assembly, which can be accessed through a metal backplate on the bottom of the exterior casing of the water heater, receives gas from the gas regulator. The gas burner itself and the pilot light are both parts of this arrangement. The water heater's correct and energy-efficient operation depends on the pilot light or burner adjustment.

The gas flames need to be about half an inch high with blue tips. The thermocouple, a tiny valve that changes heat into an electrical impulse, is a crucial part of the pilot light. This element is referred to a flame sensor on more recent water heaters. Since it detects the presence of the pilot flame and stops gas from flowing towards the burner in case there is no pilot flame to spark it, the thermocouple, or flame sensor, is a crucial safety element. A thermocouple replacement is also a very simple task.

The consumption of electricity is very high in developing regional countries, like India. The Electricity Act of 2003 was passed and went into effect on June 15, 2003. The goal is to increase competition, safeguard consumer interests, and provide access to power to every citizen of the country. The Act includes provisions for rural electrification, a national electricity policy, open access to transmission and distribution that is phased in, mandated SERCs, license-free generation and distribution, power trading, required metering, and severe penalties for electricity theft.

The China market dominated the Asia Pacific Gas Water Heater Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,112.9 million by 2028. The Japan market is estimated to grow a CAGR of 5.9% during (2022 - 2028). Additionally, The India market would experience a CAGR of 7.2% during (2022 - 2028).

Based on Product Type, the market is segmented into Instant and Storage. Based on Application, the market is segmented into Commercial, Residential, and Industrial. Based on Installation Type, the market is segmented into Indoor and Outdoor. Based on Fuel Type, the market is segmented into LPG and Natural Gas. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Gas Water Heater Market is Projected to reach USD 10.4 Billion by 2028, at a CAGR of 6%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH (Bosch Thermotechnology Corporation), A. O. Smith Corporation, Haier Smart Home Co., Ltd. (Haier Group Corporation), Lennox International, Inc., Rheem Manufacturing Company, Ariston Holding N.V., BDR Thermea Group, and Bradford White Corporation.

Scope of the Study

Market Segments Covered in the Report:

By Product Type

  • Instant
  • Storage

By Application

  • Commercial
  • Residential
  • Industrial

By Installation Type

  • Indoor
  • Outdoor

By Fuel Type

  • LPG
  • Natural Gas

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

  • Robert Bosch GmbH (Bosch Thermotechnology Corporation)
  • A. O. Smith Corporation
  • Haier Smart Home Co., Ltd. (Haier Group Corporation)
  • Lennox International, Inc.
  • Rheem Manufacturing Company
  • Ariston Holding N.V.
  • BDR Thermea Group
  • Bradford White Corporation

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Related Reports:

Global Gas Water Heater Market Report 2022-2028

North America Gas Water Heater Market Report 2022-2028

Europe Gas Water Heater Market Report 2022-2028

LAMEA Gas Water Heater Market Report 2022-2028

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