Offline market size of water heaters in China 2015-2022, by type

Published by
Daniel Slotta,
Jun 30, 2023
In 2021, China's offline water heater market size amounted to 410 billion yuan. The largest industry segments were wall-mounted furnaces, heat pumps, and electric instant water heaters. Over the observed period, it becomes obvious that the water heater market had shifted towards online sales.

Size of the offline water heater market in China from 2015 to 2022, by type (in billion yuan)

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Release date

January 2023

Region

China

Survey time period

2015 to 2022

Supplementary notes

One yuan equals 0.15 U.S. dollars and 0.14 euros (as of February 2023).

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