2014-02-07 10:45:02 - Steam and Hot Water Supply in Australia: ISIC 403 - a new market research report on companiesandmarkets.com
With average annual growth rate of 6% over the past 10 years, the Australian steam and hot water supply industry reached a value of A$301 million in 2010. On the demand side, the annual7% growth of the commercial market was higher than the annual 5% increase of household consumption over 2000-2010.
Due to Australia´s geographical location, essentially no foreign trade takes place in this industry, and principally all of the market is covered by local producers. Additionally, energy sources for water heating, such as electricity and gas, are also within the continent, which makes the whole industry even more isolated. Water heating emits almost 30% of households´ greenhouse gasses, and uses similar fraction of total energy, therefore moving towards solar heating
both reduces harm to environment and allows households to produce hot water at marginal cost.
To make the business case even more favourable, "environment-friendly" households are subsidised by the state.
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