Air Energy Water Heater Market Scope
The air energy water heater is actually another version of the air conditioner. The air conditioner absorbs the heat in the room and discharges the heat to the outside. Air energy is the heat that absorbs the environment and discharges heat to the tank. Factors driving the growth of the air energy water heater market include the energy-efficient technology along with the usage of non-conventional sources of energy to heat the water. In addition, supportive regulations and grants for using renewable sources of energy in different applications are also expected to play a key role in the growth of this market during the forecast period.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA estimates that Global Manufacturers will contribute to the maximum growth of Global Air Energy Water Heater market throughout the predicted period.
Haier Group Corporation (China), A. O. Smith Corporation (United States), Gree Electric Appliances Inc (China), Zhejiang Zhongguang (Outes)(China), Ariston Thermo SpA (Italy), Vatti (China), Tepco (Japan) and Panasonic (Japan) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Air Energy Water Heater market by Type (Fluorine Cycle and Water Cycle), by Application (Family, Hostel, Hair Salon, Factory and Other) and Region with country level break-up.
On the basis of geography, the market of Air Energy Water Heater has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
According to the Federal Government (United States) that, “In 2015, new federal regulations took effect that required water heaters to be more energy-efficient. Here’s a recap of the standards, what’s happened since, and what’s in the pipeline going forward”.
Market Trend
- Energy Efficiency Regulations in Various Countries
Market Drivers
- Increasing demand for low emission and energy-efficient water heater across the globe
- Growing Stringent Norms Toward the Adoption of Energy Efficient Heating Appliances
Opportunities
- Rapid Growth in Urbanization and Increasing Construction of New Residential and Commercial Buildings in Developing Nations
- Increasing Demand for Replacement of Existing Water Heaters
Restraints
- High Maintenance on Tankless Water Heater
Challenges
- Inclination Toward Solar Water Heating Systems may Limit Sales of Air Energy Water Heaters
Key Target Audience
New Entrants/Investors, Analysts And Strategic Business Planners, Air Energy Water Heater Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, And Distributors, Venture Capitalists And Private Equity Firms, Government Regulatory And Research Organizations and End-Use Industry