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Asia-Pacific - Electric Water Heaters And Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights
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Asia-Pacific: Electric Water Heater Market Overview 2021

Electric Water Heater Market Size in Asia-Pacific

In 2020, the Asia-Pacific electric water heater market increased by X% to $X, rising for the fifth year in a row after two years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 when the market value increased by X% year-to-year. The level of consumption peaked in 2020 and is expected to retain growth in years to come.

Electric Water Heater Production in Asia-Pacific

In value terms, electric water heater production expanded rapidly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs in 2020 and is likely to see steady growth in the immediate term.

Production By Country in Asia-Pacific

China (X units) constituted the country with the largest volume of electric water heater production, accounting for X% of total volume. Moreover, electric water heater production in China exceeded the figures recorded by the second-largest producer, India (X units), threefold. Pakistan (X units) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in China amounted to +X%. In the other countries, the average annual rates were as follows: India (+X% per year) and Pakistan (+X% per year).

Electric Water Heater Exports

Exports in Asia-Pacific

After four years of growth, overseas shipments of electric water heaters and immersion heaters decreased by -X% to X units in 2020. In general, exports, however, recorded modest growth. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. As a result, exports attained the peak of X units. from 2009 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, electric water heater exports dropped modestly to $X in 2020. Total exports indicated noticeable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2009 to 2020, the growth exports remained at a lower figure.

Exports by Country

In 2020, China (X units) represented the major exporter of electric water heaters and immersion heaters, committing X% of total exports. It was distantly followed by Malaysia (X units), Viet Nam (X units) and South Korea (X units), together comprising a X% share of total exports. Thailand (X units) and India (X units) held a relatively small share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2020. At the same time, Viet Nam (+X%), Thailand (+X%) and India (+X%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +X% from 2007-2020. South Korea experienced a relatively flat trend pattern. By contrast, Malaysia (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China and Viet Nam increased by +X% and +X% percentage points, while Malaysia (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric water heater supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by Viet Nam, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-X% per year) and Viet Nam (+X% per year).

Export Prices by Country

In 2020, the electric water heater export price in Asia-Pacific amounted to $X per unit, rising by X% against the previous year. Export price indicated a pronounced increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, electric water heater export price increased by +X% against 2018 indices. The growth pace was the most rapid in 2009 an increase of X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Viet Nam ($X per unit), while India ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Electric Water Heater Imports

Imports in Asia-Pacific

In 2020, after three years of growth, there was significant decline in overseas purchases of electric water heaters and immersion heaters, when their volume decreased by -X% to X units. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, electric water heater imports dropped to $X in 2020. Total imports indicated a noticeable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2019, and then shrank in the following year.

Imports by Country

In 2020, India (X units), Japan (X units), South Korea (X units), Thailand (X units), Indonesia (X units), Viet Nam (X units), Australia (X units), Singapore (X units), Malaysia (X units), China (X units), Hong Kong SAR (X units) and the Philippines (X units) represented the main importer of electric water heaters and immersion heaters in Asia-Pacific, mixing up X% of total import.

From 2007 to 2020, the biggest increases were in India, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric water heater importing markets in Asia-Pacific were Japan ($X), South Korea ($X) and Indonesia ($X), with a combined X% share of total imports. India, Viet Nam, Thailand, Australia, Hong Kong SAR, Singapore, Malaysia, China and the Philippines lagged somewhat behind, together comprising a further X recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the electric water heater import price in Asia-Pacific amounted to $X per unit, falling by -X% against the previous year. Import price indicated moderate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, electric water heater import price decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2009 when the import price increased by X% y-o-y. The level of import peaked at $X per unit in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Hong Kong SAR ($X per unit), while India ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric water heaters and immersion heaters in Asia-Pacific?
+
The country with the largest volume of electric water heater consumption was China (58M units), accounting for 48% of total volume. Moreover, electric water heater consumption in China exceeded the figures recorded by the second-largest consumer, India (21M units), threefold. Japan (12M units) ranked third in terms of total consumption with a 10% share.
What are the largest producers of electric water heaters and immersion heaters in Asia-Pacific?
+
China (65M units) remains the largest electric water heater producing country in Asia-Pacific, comprising approx. 52% of total volume. Moreover, electric water heater production in China exceeded the figures recorded by the second-largest producer, India (20M units), threefold. Japan (11M units) ranked third in terms of total production with a 9.1% share.
What are the leading exporters of electric water heaters and immersion heaters in Asia-Pacific?
+
In value terms, China ($410M) remains the largest electric water heater supplier in Asia-Pacific, comprising 69% of total exports. The second position in the ranking was occupied by Malaysia ($54M), with a 9.1% share of total exports. It was followed by Viet Nam, with a 9% share.
What are the leading importers of electric water heaters and immersion heaters in Asia-Pacific?
+
In value terms, the largest electric water heater importing markets in Asia-Pacific were Japan ($57M), South Korea ($40M) and Indonesia ($36M), with a combined 33% share of total imports. These countries were followed by India, Viet Nam, Thailand, Australia, Hong Kong SAR, Singapore, the Philippines, Malaysia and China, which together accounted for a further 51%.
What is the average export price for electric water heaters and immersion heaters in Asia-Pacific?
+
The electric water heater export price in Asia-Pacific stood at $53 per unit in 2020, with an increase of 29% against the previous year.
What is the average import price for electric water heaters and immersion heaters in Asia-Pacific?
+
In 2020, the electric water heater import price in Asia-Pacific amounted to $59 per unit, shrinking by -1.6% against the previous year.

Product coverage:
• Prodcom 27512530 - Electric instantaneous water heaters
• Prodcom 27512550 -
• Prodcom 27512570 -

This report provides an in-depth analysis of the electric water heater market in Asia-Pacific. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Afghanistan
• American Samoa
• Bhutan
• Brunei Darussalam
• Cambodia
• Cook Islands
• Democratic People's Republic of Korea
• Fiji
• French Polynesia
• Guam
• Kiribati
• Lao People's Democratic Republic
• Macao SAR
• Maldives
• Marshall Islands
• Micronesia
• Nauru
• Nepal
• New Caledonia
• Niue
• Northern Mariana Islands
• Palau
• Papua New Guinea
• Samoa
• Solomon Islands
• Taiwan (Chinese)
• Timor-Leste
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Wallis and Futuna Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia-Pacific, split by region and country
• Trade (exports and imports) in Asia-Pacific
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Australia
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cook Islands
• Fiji
• French Polynesia
• India
• Indonesia
• Japan
• Kiribati
• Malaysia
• Maldives
• Marshall Islands
• Micronesia
• Myanmar
• Nepal
• New Caledonia
• New Zealand
• Northern Mariana Islands
• Pakistan
• Palau
• Papua New Guinea
• Philippines
• Samoa
• Singapore
• Solomon Islands
• South Korea
• Sri Lanka
• Taiwan (Chinese)
• Thailand
• Timor-Leste
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Viet Nam
• Wallis and Futuna Islands
• Lao People's Democratic Republic
• American Samoa
• Democratic People's Republic of Korea
• Nauru
• Niue
• Guam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020
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