Consumer Goods and Retail Report Blog

  Increasing technological upgradations in water heaters and rising presence of water heaters companies on online retail channels to fuel the Vietnam water heater market through the forecast period. According to TechSci Research report, “ Vietnam   W ater Heater Market – By Region, Competition, Forecast & Opportunities, 2017-2027F”.  The rising demand for solar water heater, increasing commercial infrastructure and growing need for water heaters are fueling the overall sales of water heater in Vietnam. Other significant factors, such as rising demand for smart water heaters and increasing product launches by water heater companies, are also contributing to the market growth. Moreover, the consumers preferences are shifting towards energy efficient solutions which is further leading to rise in demand for solar as well as heat pump water heater. The demand for solar water heater is rising owing to the various advantages offered by these products such as high efficiency, reduction in