China’s Water Heater Sales Reach RMB 12.6 Billion in 1Q of 2016

In 2015, the water heater industry maintained considerable growth in China. According to the statistics provided by the China Market Monitor, 35.32 million water heaters have been sold in 2015, and retail sales have reached RMB 54.4 billion (US$ 8.3 billion), increasing by 4.4% and 7.1%, respectively, compared to 2014.