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Water Heater Industry Embraces High-end Market

Author: Source:0  Updated:2017-07-26 14:07:15 Clicks:
Water heater industry has continued its market expansion since last September in the wake of loosen real estate market, implementation of China-proposed ‘Second Child’ Policy. Additionally, the improvement of urbanization and
Water heater industry has continued its market expansion since last September in the wake of loosen real estate market, implementation of China-proposed ‘Second Child’ Policy. Additionally, the improvement of urbanization and electronic appliances into countryside programme vitalize the water heater industry, to a great extent.
 
Among those diversified water heaters, the high-end intelligent one hits the markets significantly and gives enormous impetus to the enterprises to develop new products of high caliber. In 2016, the middle- and high-end water heater products sales went up consistently in accordance with the date released by State Information Center. The water heater markets particularly in the third and fourth tier cities are in the ascendant. The rural residents are paying much attention on the high-end and personalised products. The retail turnover during this Jan. and Jun. achieved 17.09% and 14.75% growth.
 
Nonetheless the online growth of water heater markets also goes from strength to strength. In the Q1 of this year, the retail market scaled up 2.253 million sets along with 39.8% year-on-year growth, and grossed 2.82 billion yuan with 41.6% growth.
 
JD.COM, China’s largest online retailer and its biggest overall retailer reported that the water heaters at the trade platform grew by 73% in 2016. it is important to note that the electric water heater featured 60 litres of water gains great favor from the Chinese consumers, accounting for nearly half of the market.
 
In view of increasingly well-off living standards of Chinese, consumers are making a higher claim of quality consumption, let alone their attentions on household appliances. A new era of product quality is rolling up, which urgently calls for the upgrading and innovation. For all water heater entrepreneurs, the high-end water heater would also represent the healthcare function. The high-end quality and product features are the best gateway to domain market share.