10 %
India Water Heater Market Outlook, 2021
Publisher : Bonafide Research | SKU : 150510011 | Pages : 114 |
Published Date : May, 15 | Figures : 43 | Tables : 12
Region : Asia | Country : India | Category: Consumer Goods & Services
Solar water heater to experience the fastest growth in upcoming five years: Bonafide Research
India Water Heater Market Outlook, 2021
10 %
Bonafide Research | SKU : 150510011
Pages : 114 | May, 15 | Region : Asia
Figures : 43 | Tables : 12
Category: Consumer Goods & Services
Solar water heater to experience the fastest growth in upcoming five years: Bonafide Research

India has rich traditions and history in holistic strategies for buildings and construction. Electricity use in both residential and commercial sectors is primarily for lighting, air conditioning, refrigeration, appliances and water heating. The urban sector depends heavily on commercial fuels for its energy needs. Water heating in India varies by region and dwelling. In the urban areas it is common to have a water heater. In rural areas, hot water is generated by the use of open fires or an electrified hand-held stick that heats water in a bucket. This report is about the market size of the water heater market in India and how because of the increasing purchasing power of the consumers, water heaters pose as a necessity than a luxury. This report reveals how government is focusing on promoting the solar segment of the water heater market. The report also reveals the trend in this industry is shifting to solar water heater as people are becoming aware of the cost saving features of the renewables and the long time sustainability than the electric ones.

The water heater market in India was estimated to have a market of more than INR 1600 crore in 2015. Better government subsidies for solar heating, along with better infrastructure and pipe water facilities in rural India, would drive the penetration of water heaters greatly. Electricity shortages and frequent outages are major constraints in the use of solar heaters, causing higher penetration of electric water heaters, especially in Tier 2 and 3 towns. Some of the major players in the water heater market are Racold, Bajaj, V-Guard, Venus and A.O Smith. The strong foothold of the organized sector in the market, the increasing use of hot water in all the residential purposes and the commercial sectors usage of water heaters are some of the factors which are expected to make the water heater market grow till 2021.

According to "India Water Heater Market Outlook, 2021", the market for water heater in India grew with a CAGR of more than 10% from 2010 to 2015. Electric water heaters dominate the Indian water heater market. Solar water heater which is at a developing stage is expected to acquire a major market share till 2021. Water heaters are mainly an equipment of the residential segment. But with new innovations in technology, water heaters are being accepted in the commercials as well as industrial sector. The organized players are having the major share of the market. Though the unorganized sector is expected to increase with a greater CAGR than that of organized ones, the organized sector is expected to maintain its lead. New entrants are also increasing and their revenue share is expected to grow over the forecasted period, owing to their expansion plans and widening of dealership networks.

"India Water Heater Market Outlook, 2021" discusses the following aspects of water heaters in India:

Key Category

1. Global Water heater Market Outlook

2. India Water heater Market Outlook

"India Water Heater Market Outlook, 2021" discusses the following aspects of water heater market in India:

The report gives an in-depth understanding of Water heater market in India:

- Global Water Heater Market Outlook - Market Size & Forecast By overall market, By region, By technology

- Global Water Heater Market Outlook - Market size By Volume - By overall Market, By region, By technology

- Segmental Analysis - By End User segment, By country, By technology, By technology used in different countries

- India Water Heater Market Outlook - Market Size & Forecast By overall market, By state, By technology, By Company

- India Water Heater Market Outlook - Market Size By Volume - Overall Market

- Segmental Analysis - By Region, By Company, By technology, By Capacity, By Season

- Product Price Analysis

- organized v/s Unorganized Market

- The key vendors in this market space

- Competitive Landscape & Strategic Recommendations

This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Report Methodology

The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of Water Heater Market in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

  • 1. Executive Summary
  • 2. Global Water Heater Market Outlook
  • 2.1. Market Size
  • 2.1.1. By Value
  • 2.1.1.1. Overall Market
  • 2.1.1.2. By Region
  • 2.1.1.3. By Technology
  • 2.1.2. By Volume
  • 2.1.2.1. Overall Market
  • 2.1.2.2. By Region
  • 2.1.2.3. By Country
  • 2.1.3. Market Share
  • 2.1.3.1. By End User Segment
  • 2.1.3.2. By Country
  • 2.1.3.3. By Technology
  • 2.1.3.4. By Technology used in different countries
  • 2.2. Market Potential
  • 2.3. Pricing Analysis
  • 3. India Water Heater Market Outlook
  • 3.1. Market Size
  • 3.1.1. By Value
  • 3.1.1.1. Overall Market
  • 3.1.1.2. By State
  • 3.1.1.3. By Technology
  • 3.1.1.4. By Company
  • 3.1.2. By Volume
  • 3.1.2.1. Overall Market
  • 3.1.3. Market Share
  • 3.1.3.1. By Region
  • 3.1.3.2. By Company
  • 3.1.3.3. By Technology
  • 3.1.3.4. By Capacity
  • 3.1.3.5. By Season
  • 3.2. Production
  • 3.3. Pricing Analysis
  • 4. India Economic Profile/Snapshot
  • 5. Raw Material
  • 6. Certifications
  • 7. Market Penetration
  • 8. Organized Vs Unorganized Market
  • 9. PEST Analysis
  • 10. India Water Heater’s Trade Dynamics
  • 10.1. Imports
  • 10.2. Export
  • 11. Channel Partner Analysis
  • 12. Consumer Survey Analysis
  • 13. Market Dynamics
  • 13.1. Key Drivers
  • 13.2. Key Challenges
  • 14. Market Trends & Developments
  • 14.1. Wi-fi Enabled water heaters
  • 14.2. Growing demand of water heater in every season
  • 14.3. Customer becoming more discerning towards brands
  • 14.4. Awareness and acceptability of solar water heaters by Indian Customers
  • 14.5. Growth of Gas Water Heaters
  • 15. Competitive Landscape
  • 15.1. Porters Five Forces
  • 15.2. Company Profiles
  • 15.2.1. Havells India
  • 15.2.2. Remson
  • 15.2.3. Racold Thermo
  • 15.2.4. Bajaj Electricals Limited
  • 15.2.5. Venus
  • 15.2.6. Crompton
  • 15.2.7. Usha
  • 15.2.8. A.O Smith
  • 15.2.9. Kenstar
  • 15.2.10. V- Guard
  • 16. Strategic Recommendations
  • 17. Disclaimer

LIST OF FIGURES
Figure 1: Global Water Heater Market Size by Value 2019 - 2014 (USD Billion)
Figure 2: Global Water Heater Market Size by Value 2015F – 2021F (USD Billion)
Figure 3: Global Water Heater Market Size by Value by Region 2014 (USD Billion)
Figure 4: Global Water Heater Market Size by Value by Region 2021F (USD Billion)
Figure 5: Global Water Heater Market Size by Value by Technology 2009 - 2014 (USD Billion)
Figure 6: Global Water Heater Market Size by Value by Technology 2015F – 2021F (USD Billion)
Figure 7: Global Water Heater Market Size by Volume 2009 - 2014 (Million Units)
Figure 8: Global Water Heater Market Size by Volume 2015F – 2021F (Million Units)
Figure 9: Global Water Heater Market Size by Volume by Region 2014 (Million Units)
Figure 10: Global Water Heater Market Size by Volume by Region 2021F (Million Units)
Figure 11: Global Water Heater Market Size by Volume by Country 2011 & 2014 (Thousand Units)
Figure 12: Global Water Heater Market Share by End User Segment 2014 and 2021F
Figure 13: Global Water Heater Market Share by Country 2014 and 2021F
Figure 14: Global Water Heater Market Share by End User Segment 2014 and 2021F
Figure 15: Global Water Heater Market Share by Technology by Country 2011
Figure 16: Global Water Heater Market Share by Technology by Country 2014
Figure 17: Global Water Heater Pricing Analysis 2009 – 2014 (USD)
Figure 18: Global Water Heater Pricing Analysis 2015F – 2021F (USD)
Figure 19: India Water Heater Market Size by Value 2010 - 2014 (INR Crore)
Figure 20: India Water Heater Market Size by Value 2015F – 2021F (INR Crore)
Figure 21: India Water Heater Market Size by Value in Top 7 states 2014 (INR Crore)
Figure 22: India Water Heater Market Size by Value in Top 7 states 2021F (INR Crore)
Figure 23: India Water Heater Market Size by Value by Technology 2010 - 2014 (INR Crore)
Figure 24: India Water Heater Market Size by Value by Technology 2015F – 2021F (INR Crore)
Figure 25: India Water Heater Market Size by Value by Company 2014 (INR Crore)
Figure 26: India Water Heater Market Size by Value by Company 2021F (INR Crore)
Figure 27: India Water Heater Market Size by Volume 2010 - 2014 (Million Units)
Figure 28: India Water Heater Market Size by Volume 2015F – 2021F (Million Units)
Figure 29: India Water Heater Market Share by Region 2014 and 2021F
Figure 30: India Water Heater Market Share by Company 2014 and 2021F
Figure 31: India Water Heater Market Share by Technology 2014 and 2021F
Figure 32: India Water Heater Market Share by Capacity 2014
Figure 33: India Water Heater Market Share by Season 2014
Figure 34: India Water Heater Market Pricing Analysis 2010 - 2014 (INR)
Figure 35: India Water Heater Market Pricing Analysis 2015F – 2021F (INR)
Figure 36: India Water Heater Market Penetration 2010 – 2021F
Figure 37: India Water Heater Market Size by Organized Market 2010 – 2021F (INR Crore)
Figure 38: India Water Heater Market Size by Unorganized Market 2010 – 2021F (INR Crore)
Figure 39: India Water Heater Market Size by Value Import 2010 - 2014 (USD Million)
Figure 40: India Water Heater Market Share by Value Import 2011 – 2014
Figure 41: India Water Heater Market Size by Value Export 2010 - 2014 (USD Million)
Figure 42: India Water Heater Market Share by Value Export 2011 – 2014
Figure 43: Distribution Channel of Water Heaters in India

LIST OF TABLES
Table 1: Country wise Market Potential in 2014
Table 2: India Economic Profile 2014
Table 3: Key Facts of Havells India
Table 4: Key Facts of Remson
Table 5: Key Facts of Racold Thermo
Table 6: Key Facts of Bajaj Electricals Ltd.
Table 7: Key Facts of Venus
Table 8: Key Facts of Crompton
Table 9: Key Facts of Usha
Table 10: Key Facts of A.O Smith
Table 11: Key Facts of Kenstar
Table 12: Key Facts of V- Guard

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