Asia Pacific Electric Wall Heater Market size was valued at US$ 156.5 Mn. in 2021 with a CAGR of 7.8 % and it reaching nearly US$ 246 Mn. in 2027.
The electric wall heater market is fueled by the product's energy-saving features, which allow homeowners to control the amount of heat produced by adjusting the wattage. The Electric wall heater market has grown significantly in recent years, owing to rapid growth, increased demand for luxury and accessibility in homes, and rapidly changing lifestyles in Asia-Pacific countries such as Afghanistan, Pakistan, India, Australia, Korea, Fiji, Indonesia, China, Japan, and others. Electric wall heaters outperform gas-based central heating systems in terms of energy efficiency, cost, technology, legislation, and environmental awareness.
Asia Pacific Electric Wall Heater Market Report Scope and Research Methodology
The SMR study provides an overview of the Asia Pacific Electric Wall Heater market share and competitor sector, as well as an analysis of the major players and leading regions. This analysis covers the Asia Pacific Electric Wall Heater market's historical trends, revenue, capacity, cost structure, and major drivers. The purpose of this report is to provide current market size, growth rates, and company profiles of the top players and producers.
The report on Asia Pacific Electric Wall Heater Market includes market size and analysis for applications, economic factors, and geographic divisions, as well as a thorough examination of key market characteristics. The bottom-up method was used to estimate the Asia Pacific Electric Wall Heater market size in terms of value and volume. An in-depth analysis of regional development is included, as well as information on the Asia Pacific Electric Wall Heater market's key growth indicators, geographical challenges, and threats.
The Asia Pacific Electric Wall Heater research provides a thorough analysis as well as reliable revenue data on the market participant. A description of the company, its primary operations, total earnings and sales, revenue generated in the Asia Pacific Electric Wall Heater market, the entry date into the Asia Pacific Electric Wall Heater market, recent developments, and other information are provided.
Asia Pacific Electric Wall Heater Market Overview
SMR released a report on the Asia Pacific Electric Wall Heater Market. The Asia Pacific Electric Wall Heater market report is a compilation of primary and secondary data, and domain experts have examined the market from both a local and global perspective. According to the report, the Asia Pacific Electric Wall Heater market is expected to grow rapidly during the forecast period.
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Asia Pacific Electric Wall Heater Market Key Players:
Panasonic Corporation
Deka, Toshiba Corporation
A.O Smith
Whirlpool Corporation
Racold,
Bosch Thermotechnology
Ferroli,
Bradford White
Ariston Thermo
Rheem Manufacturing
Noritz Corporation
State water heaters
Rinnai Corporation
Asia Pacific Electric Wall Heater Market Drivers:
Aside from the availability of such new variants, the rising demand for energy-efficient products has fueled growth in the Asia Pacific Electric Wall Heater Market. The global electric wall heaters market is expected to expand steadily as more energy-efficient residential and industrial appliances are adopted. Electric wall heaters are in high demand because they are more efficient than traditional plumbed heating systems. Furthermore, because electric wall heaters are 100% efficient in terms of energy conversion, there is no energy waste, making them more suitable for modern sustainable construction projects.
Asia Pacific Electric Wall Heater Market Segmentation:
The Electric wall heaters market is divided into non-residential and residential applications. Afghanistan, Pakistan, India, Australia, Korea, Fiji, Indonesia, China, and Japan are the main Asia-Pacific countries.
Customers in Asia-Pacific are witnessing a sharp increase in their purchasing power and luxury items; this has caused residences to use and increasingly adopt electric wall heaters in light of increased urbanization rates, rapidly changing lifestyles, and strong demand for comfort features, resulting in the residential segment leading the Asia-Pacific market.
Extensive and harsh weather in countries such as Russia, Australia, China, and Korea, among others, leads to an increase in the use of heat-producing electronics in the residential segment in order to improve home comfort.
The non-residential segment has grown in recent years, but the COVID-19 effect and long-term lockdowns have reduced the use of electric wall heaters. The non-residential segment has grown in recent years, but only marginally.
The Electric wall heaters market is divided into four categories: 1000 Watt, 1000 to 1600 Watt, 1600 to 2000 Watt, and > 2000 Watt. Because the temperature in different parts of Asia-Pacific varies, the wattage of electric wall heaters varies greatly. The 1000 to 1600-Watt segment has the largest market share due to recent trends, increased demand, and climatic changes in various regions of Asia-Pacific, as well as the need for energy-efficient but large-capacity heaters in commercial and residential applications.
Asia Pacific Electric Wall Heater Market Regional Insights
Geographically, the report is divided into several key countries, with market size, growth rate, import and export of Asia Pacific Electric Wall Heater market in these countries, which cover North America, the United States, Canada, Mexico, Europe, the United Kingdom, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and the Middle East and Africa.
Key Questions answered in the Asia Pacific Electric Wall Heater Market Report are:
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Asia Pacific Electric Wall Heater Market , Master Data Management Market
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business.
Asia Pacific Electric Wall Heater Market , Asia Pacific Electric Wall Heater Market Size , Asia Pacific Electric Wall Heater Market Share , Asia Pacific Electric Wall Heater Market Growth , Asia Pacific Electric Wall Heater Market Trends
Mar 19, 2023
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