MarkNtel Advisors recently published a report, titled, ” Vietnam Water Heater Market Vietnam Water Heater Market – By Product Type (Electric, Solar, Gas, Others), By Storage Capacity (Below 30 Liters, 31-50 Liters, 51-150 Liters, 151-250 Liters, 251-400 Liters, Above 400 Liters), By Distribution Channel (Direct Sales, Supermarket/Hypermarket, Online, Others), By End User (Residential, Commercial, Industrial), By Storage Type (Tankless, Storage Tank, Hybrid) and Others. As per as the report 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.
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Vietnam Water Heater Market Challenge:
High Costs Associated with the Maintenance of Water Heaters to Restrain Market Growth – The country’s diverse geographical and climatic conditions lead to varying levels of wear and tear on water heater components, necessitating frequent repairs and replacements. Moreover, the quality of water sources varies across different regions, with hard water prevalent in many areas. The minerals present in hard water can cause scaling and corrosion within water heaters, requiring costly maintenance procedures to address these issues.
Leading Companies in Vietnam Water Heater Market:
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.
Vietnam Water Heater Market Segmentation:
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)
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By Region
-North
-South
-Central.
Key questions answered in the Vietnam Water Heater Market are:
•What is Vietnam Water Heater Market?
•What was the market size in 2023?
•What is the growth rate of the Vietnam Water Heater Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Vietnam Water Heater Market?
•What segments are covered in the Market?
•Who are the key players in the Vietnam Water Heater Market?
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