Indonesia Electric Water Heater Market (2024-2030) | Value, Growth, Outlook, Industry, Share, Forecast, Analysis, Trends, Revenue, Size & Companies

Indonesia Electric Water Heater Market Highlights

Report Name	Indonesia Electric Water Heater Market
Forecast period	2024-2030
CAGR	5.6%
Growing Sector	Residential Sector

Topics Covered in Indonesia Electric Water Heater Market Report

Indonesia Electric Water Heater Market report thoroughly covers the market by Product, by Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Indonesia Electric Water Heater Market Synopsis

Indonesia Electric Water Heater Market has been Flourishing and is predicted to rise more at a significant growth rate during the forecast period 2024 to 2030. There are several factors contributing to the market growth such as rising disposable income, rapid urbanization, and favourable government regulations promoting the adoption of electric water heaters.

According to 6Wresearch, Indonesia Electric Water Heater Market size is expected to grow at a significant CAGR of 5.6% during 2024-2030. One of the major drivers for this growth is the rising concern for environmental sustainability. As consumers become more aware of their carbon footprint, they are shifting towards energy-efficient options such as electric water heaters. These appliances not only save energy but also reduce utility bills, making them an attractive option for households.

Indonesia Electric Water Heater Market: Leading Players

Some of the key players in the Indonesian electric water heater market include Ariston Thermo Group, A.O. Smith Corporation, Rheem Manufacturing Company, Ferroli S.p.A., Rinnai Corporation, and Bradford White Corporation. These companies have a significant presence in the market and are continuously investing in research and development to improve their products and meet the evolving consumer demands.

Indonesia Electric Water Heater Market: Government Regulations

the government also regulates the use of plastic in electric water heaters. In 2019, a new regulation was introduced that bans the production and import of electric water heaters with plastic tanks. This is aimed at reducing plastic waste and promoting the use of more sustainable materials in consumer products. One of the most notable regulations in the Indonesian electric water heater market is the SNI (Indonesian National Standard) certification. This certification ensures that all electric water heaters sold in the country meet safety and performance standards set by the government. Manufacturers are required to obtain this certification before their products can be sold in the market.

Future Insights of the Market

with potential for further growth. The increasing focus on energy efficiency, coupled with government regulations and advancements in technology, will continue to drive market growth. Additionally, as more consumers become environmentally conscious, there will be a higher demand for sustainable solutions like electric water heaters.

Market Segmentation by Product

According to Dhaval, Research Manager, 6Wresearch, the segment of Storage Water Heaters with a capacity of 1 to 100 Litres is experiencing significant growth in demand in the Indonesian Electric Water Heater Market. This can be attributed to the rising trend of smaller and more compact living spaces, especially in urban areas where space is limited.

Market Segmentation by Application

The residential segment is expected to experience significant growth in demand for electric water heaters in Indonesia. This can be attributed to the increasing population and urbanization in the country, leading to a rise in housing construction and renovations.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report        

• Indonesia Electric water heater Market Overview
• Indonesia Electric Water Heater Market Outlook
• Indonesia Electric Water Heater Market Forecast
• Indonesia Electric Water Heater Market Size
• Historical Data of Indonesia Electric Water Heater Market Revenues and Volume for the period, 2020-2030
• Indonesia Electric Water Heater Market Forecast of Revenues and Volume, Until 2030
• Historical Data of Indonesia Electric Water Heater Market Revenues and Volume for the period, By Product, 2020-2030
• Forecast of Indonesia Electric Water Heater Market Revenues and Volume, By Product, Until 2030
• Historical Data of Indonesia Electric Water Heater Market Revenues and Volume for the period, By Capacity, 2020-2030
• Forecast of Indonesia Electric Water Heater Market Revenues and Volume, By Capacity, Until 2030
• Historical Data of Indonesia Electric Water Heater Market Revenues for the period, By Applications, 2020-2030
• Forecast of Indonesia Electric Water Heater Market Revenues, By Applications, Until 2030
• Indonesia Electric Water Heater Market Outlook on Drivers and Restraints
• Indonesia Electric Water Heater Market Trends
• Indonesia Electric Water Heater Industry Life Cycle
• Porter’s Five Force Analysis
• Indonesia Electric Water Heater Market Opportunity Assessment
• Indonesia Electric Water Heater Market Share, By Company
• Indonesia Electric Water Heater Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product

• Storage Water Heaters
  • Up to 30 Litres
  • 1 to 100 Litres
  • 1 to 250 Litres
  • 1 to 400 Litres
  • Above 400 Litres
• Non-Storage Water Heaters

By Applications

• Residential
• Commercial