Market Overview:
The global hot-water bag market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for hot-water bags from various applications such as shopping malls, supermarkets, online shops, and others. Additionally, the growing awareness about the benefits of using hot-water bags is also contributing to the growth of this market.
Product Definition:
A hot-water bag is a heatable bag made of cloth, filled with water and sealed. It is used to provide warmth, for example to relieve pain or cramps.
Water Injection Type:
Water injection type, also known as water bag or water-based heating, is a process of producing heat and hot water by using a large volume of cold water. This system uses less fuel than electric resistance for warming the same amount of liquid; it is more efficient in terms of energy usage. The technology was developed during World War II by the American petroleum industry to provide oil fields with adequate supply of hotwater for enhanced oil recovery operations.
Heating Type:
The heating type is used in the production of hot-water bags. The process involves filling a water-resistant inner bag with frozen or refrigerated water and then sealing it with an aluminum foil cover. As the product is exposed to heat, the ice or frozen water inside the product melts, thereby producing hot water that can be used for various purposes such as making tea, washing dishes and laundry etc.
Application Insights:
The application segment includes the use of hot-water bags in shopping malls, supermarkets, online shops and others. The other segment that comprises of commercial buildings such as hospitals, hotels and restaurants accounted for a major share in 2016. This is due to the increased demand for piping system fittings at these places which require constant monitoring and maintenance owing to high usage rates.
Hotels are one of the major consumers when it comes to using hot water from outside sources as they have large water heating requirements especially during winter months when energy costs tend to be higher than summertime. Furthermore, hospitals also consume a lot of hot water as they need sterilized equipment after every single procedure that needs medical-grade heat or steam treatment process including autoclaving or disinfection procedures which further increases market penetration across various end-use industries globally over the forecast period.
Regional Analysis:
Asia Pacific dominated the global hot-water bag market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of supermarkets, shopping malls and online shops that require hot water for various activities such as dishwashing, laundry washing and ironing. This trend is projected to drive demand for the product in Asia Pacific.
The Middle East & Africa region is anticipated to witness significant growth over the forecast period owing to increasing construction activities across countries such as Saudi Arabia, UAE and Egypt among others are likely to boost industry growth. Furthermore, rising population coupled with rapid urbanization in these regions will also support industry expansion over the coming years.
Growth Factors:
- Increasing demand for Hot-water Bag from the medical sector for treatment and prevention of various diseases.
- Rising disposable income of consumers in developing countries is expected to boost the demand for Hot-water Bag over the forecast period.
- Growing popularity of thermal therapy as a natural method to cure various health issues is projected to fuel the growth of global Hot-water Bag market over the next few years.
- Technological advancements in manufacturing process are likely to result in introduction of innovative products with better features, which will propel market growth during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Hot-water Bag Market Research Report
By Type
Water Injection Type, Heating Type
By Application
Shopping Mall, Supermarket, Online Shop, Others
By Companies
Hicks, Nanji Dianshang, Rainbow Group, Jiacheng Dianqi, Weihan Dianqi, Guangdong Chigo, Shenzhen Jiaboshi, Fashy, Guangdong Edon, Changsha Nsure
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Hot-water Bag Market Report Segments:
The global Hot-water Bag market is segmented on the basis of:
Types
Water Injection Type, Heating Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Shopping Mall, Supermarket, Online Shop, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hicks
- Nanji Dianshang
- Rainbow Group
- Jiacheng Dianqi
- Weihan Dianqi
- Guangdong Chigo
- Shenzhen Jiaboshi
- Fashy
- Guangdong Edon
- Changsha Nsure
Highlights of The Hot-water Bag Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Water Injection Type
- Heating Type
- By Application:
- Shopping Mall
- Supermarket
- Online Shop
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hot-water Bag Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A hot-water bag is a type of insulation that is filled with water and sealed. When the bag is heated, the water inside it expands and creates a thermal barrier between the object being insulated and the outside environment. This makes it possible to insulate objects without using traditional materials like foam or fiberglass, which can be expensive and difficult to transport.
Some of the major companies in the hot-water bag market are Hicks, Nanji Dianshang, Rainbow Group, Jiacheng Dianqi, Weihan Dianqi, Guangdong Chigo, Shenzhen Jiaboshi, Fashy, Guangdong Edon, Changsha Nsure.
The hot-water bag market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hot-water Bag Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hot-water Bag Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hot-water Bag Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hot-water Bag Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hot-water Bag Market Size & Forecast, 2020-2028
4.5.1 Hot-water Bag Market Size and Y-o-Y Growth
4.5.2 Hot-water Bag Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Water Injection Type
5.2.2 Heating Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Shopping Mall
6.2.2 Supermarket
6.2.3 Online Shop
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hot-water Bag Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hot-water Bag Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Water Injection Type
9.6.2 Heating Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Shopping Mall
9.10.2 Supermarket
9.10.3 Online Shop
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Water Injection Type
10.6.2 Heating Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Shopping Mall
10.10.2 Supermarket
10.10.3 Online Shop
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Water Injection Type
11.6.2 Heating Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Shopping Mall
11.10.2 Supermarket
11.10.3 Online Shop
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Water Injection Type
12.6.2 Heating Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Shopping Mall
12.10.2 Supermarket
12.10.3 Online Shop
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Water Injection Type
13.6.2 Heating Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Shopping Mall
13.10.2 Supermarket
13.10.3 Online Shop
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hot-water Bag Market: Competitive Dashboard
14.2 Global Hot-water Bag Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hicks
14.3.2 Nanji Dianshang
14.3.3 Rainbow Group
14.3.4 Jiacheng Dianqi
14.3.5 Weihan Dianqi
14.3.6 Guangdong Chigo
14.3.7 Shenzhen Jiaboshi
14.3.8 Fashy
14.3.9 Guangdong Edon
14.3.10 Changsha Nsure
