Product Code: ETC091667 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Indonesia electric immersion heater market is a lucrative sector, with growth attributed mainly to the development of new technologies and growing demand for energy-efficient appliances. It is estimated that the Indonesia electric immersion heater market will witness steady growth over the forecast period (2025?2025). The increasing population in urban areas has led to an increase in energy consumption which further drives up demand for efficient heating solutions such as electric immersion heaters.
One trend gaining traction in the Indonesia electric immersion heater market is smart home automation technology; this has enabled users to control their heating needs from anywhere at any time. In addition, this technology allows users to track their electricity usage and monitor temperature levels, helping them save money on their utility bills. Furthermore, solar powered systems are now being used by some homeowners as an alternative form of energy generation and storage solution ? allowing them greater flexibility when it comes to powering their homes using renewable sources of energy. Additionally, digital marketing strategies paired with technological advancements have helped manufacturers access a wider range of customers who might be interested in purchasing these products online or through other channels. This has made it easier for consumers in Indonesia to purchase these items at competitive prices compared to those available offline stores.
A few key drivers impacting the Indonesia Electric Immersion Heater Market include rising disposable incomes amongst households coupled with increased investments into developing infrastructure projects across various cities within Indonesia; both factors contribute towards improving economic conditions overall leading people into investing more into durable household goods including electrical appliances such as water heaters or air conditioners etc., which then leads onto higher sales volumes thus positively influencing revenue generated from this particular segment/market.. Additionally government initiatives like subsidies given out on certain eco-friendly electrical appliances also help boost sales figures significantly due its cost effectiveness enabling more people access quality products without having too burn too much outlay from pocket expenditure wise while still achieving desired results simultaneously.
The COVID-19 pandemic has had a significant impact on the Indonesia electric immersion heater market. The lockdown measures implemented by the government caused disruption in production, supply chain and demand for these products. This resulted in reduced sales of electric immersion heaters as consumers cut back on their spending due to economic uncertainty. Moreover, businesses have been facing problems in sourcing raw materials from abroad due to travel restrictions and global trade disruptions.
Due to the outbreak of COVID-19, manufacturers are facing challenges such as increased costs due to delays in delivery of raw materials from abroad; shortage of labor force resulting from movement control orders; and reduction in consumer demand for certain types of appliances such as air conditioners or water heaters, thus affecting profitability margins. Furthermore, some players are experiencing operational issues due to lack of access to financing options which could help them manage their cash flow during this crisis period. In addition, weak government regulations along with insufficient enforcement may hamper growth potentials for domestic manufacturers who compete with foreign brands that offer cheaper prices but lower quality products.
Some key players operating within the Indonesia electric immersion heater market include Dura Warna Sadana Teknikatama (DWST), Yamaha Electric Motors Indonesia (YEMI), Surya Galuh Elektrik (SGE), Sinar Sukses Indah Group (SSIG) and PT Indagro Farma International Tbk (IFI).