According to Markntel Advisors Report, Vietnam Water Heater Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Water heaters are appliances designed to heat and supply hot water for various domestic, commercial, and industrial purposes. There are various types of water heaters, including tank-based and tank-less heaters, depending on their storage capacity. Additionally, water heaters are divided into various types, such as solar water heaters, heat pump water heaters, gas water heaters, etc. Essential components of water heaters include heating elements, thermostats, insulation, and safety features to prevent overheating or pressure buildup. These appliances play a crucial role in providing comfort and convenience in daily activities such as bathing, cooking, and cleaning.

 

Vietnam Water Heater Market Research Report & Summary:

The Vietnam Water Heater Market size is estimated to grow at a CAGR of around 9.27% during the forecast period, i.e., 2024-30.                

Time Period Captured in the Report:

• Historical Years: 2019-2022
• Base Years: 2023
• Forecast Years: 2024-2030

Who are the Key Players Operating in the Vietnam Water Heater Market?

The top companies of the Vietnam Water Heater Market ruling the industry are: 

Rheem Manufacturing Company, A. O. Smith Corporation, Electrolux Vietnam Co. Ltd., Ariston Thermo Group, Rinnai Vietnam Co., Ltd., Noritz Corporation, Ferroli S.P.A, Bosch Thermotechnology, Picenza Vietnam Production And Trading Company Ltd., Eemax Inc., Others

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What is included in Vietnam Water Heater Market Segmentation?

The Vietnam Water Heater Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• By Product Type
  • Electric- Market Size & Forecast 2019-2030 (Thousand Units)
  • Solar- Market Size & Forecast 2019-2030 (Thousand Units)
  • Gas- Market Size & Forecast 2019-2030 (Thousand Units)
  • Others (Oil, Heat Pump, Hybrid, etc.) – Market Size & Forecast 2019-2030 (Thousand Units)
• By Storage Capacity
  • Below 30 Liters- Market Size & Forecast 2019-2030 (Thousand Units)
  • 31-50 Liters- Market Size & Forecast 2019-2030 (Thousand Units)
  • 51-150 Liters – Market Size & Forecast 2019-2030 (Thousand Units)
  • 151-250 Liters- Market Size & Forecast 2019-2030 (Thousand Units)
  • 251-400 Liters- Market Size & Forecast 2019-2030 (Thousand Units)
  • Above 400 Liters- Market Size & Forecast 2019-2030 (Thousand Units)
• By Distribution Channel
  • Direct Sales- Market Size & Forecast 2019-2030 (Thousand Units)
  • Supermarket/Hypermarket- Market Size & Forecast 2019-2030 (Thousand Units)
  • Online- Market Size & Forecast 2019-2030 (Thousand Units)
  • Others (Exclusive Stores, Wholesales, etc.)- Market Size & Forecast 2019-2030 (Thousand Units)
• By End User
  • Residential- Market Size & Forecast 2019-2030 (Thousand Units)
  • Commercial- Market Size & Forecast 2019-2030 (Thousand Units)
  • Industrial- Market Size & Forecast 2019-2030 (Thousand Units)
• By Storage Type
  • Tankless- Market Size & Forecast 2019-2030 (Thousand Units)
  • Storage Tank- Market Size & Forecast 2019-2030 (Thousand Units)
  • Hybrid- Market Size & Forecast 2019-2030 (Thousand Units)
• By Region
  • North
  • South
  • Central

Explore the Complete Vietnam Water Heater Market Analysis Report – https://www.marknteladvisors.com/research-library/vietnam-water-heater-market.html

Vietnam Water Heater Market Driver:

Growing Demand for Water Heaters in Healthcare Facilities to Drive Market Growth – Increasing investments in healthcare infrastructure, coupled with government initiatives to improve access to quality healthcare services, are fueling the sector’s expansion. The rising middle-class population with higher disposable incomes is demanding better healthcare facilities and services, driving private sector investment in hospitals, clinics, and specialized treatment centers. Moreover, advancements in medical technology and pharmaceuticals are enhancing the quality of healthcare delivery, attracting both domestic and international patients seeking advanced treatments. Government policies aimed at strengthening the healthcare workforce through training programs and incentives are addressing staffing shortages and improving the overall quality of care. Additionally, the aging population and changing disease profiles, including the rising prevalence of non-communicable diseases, are driving demand for healthcare services. For Instance,

• In 2022, according to the WHO, non-communicable diseases (NCDs) are an increased mortality and morbidity burden that accounts for approximately 74% of total deaths in Vietnam.

As healthcare facilities expand to accommodate the increasing demand for medical services, there is a parallel rise in the need for hot water for sterilization, sanitation, and patient care purposes. Hospitals, clinics, and other healthcare institutions require reliable water heaters to ensure cleanliness and hygiene standards are maintained, driving the demand for water heaters in this sector and propelling market growth & development.

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