China water heater market is anticipated to grow at a CAGR 6.5 % during the forecast period. The factor such as increasing disposable income, rising urbanization, and rising adoption energy efficient energy source coupled with the adoption of solar water heater propelling the china water heater market. The market for the water heater in China on rising through online and offline sales. With the adoption of high-end large and smart capacity products, the water heater witnessing customization and technological development in the region that propel the market growth. Moreover, a growing urban population coupled with disposable income raises the installation of the water heating solutions in urban areas.
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According to the World Bank data, in 2017 China urban population was accounted for 57.9% of the total population from 56.7% of the total population in 2016. In recent years many local governments in China have implemented compulsory policies of installing solar water heating systems integrated into new buildings. Further, system quality and capacity become a very important problem. Therefore, a complete supervision system for quality control to solar water heating systems integrated into buildings during the whole construction procedure has been formed gradually in China that propel the market growth in china.
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Market Segmentation
China Water Heater Market by Energy Source
- Gas
- Electricity Water Heaters
- Hybrid Water Heaters
- Solar Water Heaters
China Water Heater Market by Mode of Water Supply
- On-Demand Or Tankless Water Heaters
- Storage Or Tank Water Heaters
China Water Heater Market by End-User
- Residential
- Commercial
- Industrial
Company Profiles
- O. Smith Corp.
- Bajaj Electricals Ltd.
- Crompton Greaves Consumer Electricals Ltd.
- Haier electronics group Co., Ltd.
- Himin Solar Group Co., Ltd.
- Havells India Ltd.
- JiaxingJinyi Solar Energy Technology Co., Ltd.
- Hangzhou Kangquan Water Heater Co., Ltd.
- Rinnai Corp.
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