Statistics from China’s State Information Center suggests that, five enterprises including Haier, Midea, A.O. Smith, Vanward and Macro take up to 85.3% of the market share of electric tank water heater sector, Vanward, Macro, Midea, Noritz, and Rinnai account for 64.87% of gas water heater sector, while Otlan, Aony, Hannover, Jiayuan and Macro take a market share of up to 70.36% in electric tank less water heater sector.
Cai Ying, Vice Director of Department of Information Resource Development under State Information Center, believes that, this highly concentrated pattern may speed up an industry reshuffle, which could lead to a big change in water heater sector in 2017.
According to statistics from All View Cloud, the first quarter of 2017 saw a 16.5% increase of electric tank water heater brands at online channels, and the top 10 brands took a total market share of 93.3%. For gas water heaters, there has been a 40.5% growth of online brands, and the top 10 brands took a market share of 96.1%.