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.

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.

Additionally, the growing solar thermal capacity that is mostly used in water heating, propelling the growth of the china water heater market during the forecast period. According to IEA, the total solar thermal capacity in China accounted for 117 GWth (gigawatts thermal) in 2010 that increased to 350.6 GWth in 2017. The prominent market players active in the market include Haier electronics group Co., Ltd., Havells India Ltd., JiaxingJinyi Solar Energy Technology Co., Ltd., Himin Solar Group Co., Ltd., Hangzhou Kangquan Water Heater Co., Ltd. and  Racold Thermo Pvt. Ltd. among others. 

Research Methodology

The market study of the China Water Heater market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for the electronic industry, ICT (Information and Communication Technology) and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. China  Water Heater Market Research and Analysis by Energy Source

2. China  Water Heater Market Research and Analysis by Mode of Water Supply 

3. China  Water Heater Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the China Water Heater market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the China Water Heater market.
• Insights about market determinants which are stimulating the China Water Heater market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.