India Water Heater Market Overview

Bonafide Research 01-05-2015 73 Pages Figures : 35 Tables : 6
Region : Asia-Pacific Country : India Category : Consumer Goods & Services Sub Category : Appliances & Equipment
Featured Companies

1. Bajaj Electricals Limited

2. Havells India Limited

3. remsons industries Limited

4. Usha International Limited

5. Racold Thermo Private Limited

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 Overview”, 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 Overview” 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 Overview” discusses the following aspects of water heater market in India:
How it will help solving your strategic decision making process??
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
- The key vendors in this market space
- Competitive Landscape
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.

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