Indian water heater market is anticipated to grow at a CAGR 10.4% during the forecast period. Indian Water Heater Market research report reveals important insights into market scenario to enable key players in taking calculated decision making. Basically, one of the major purposes of market research reports is to maximize the business growth opportunities. It also helps key players to turn business into a successful business by increasing the profit level. The overall business goal can be accomplished through this Indian Water Heater Market study report as it consists of all the current happenings and major innovations of the marketplace. Depending on the overall business objective, it is important to reduce business risks to generate larger revenues in the business. Several regions are captured in this Market report which includes North America, Europe, Middle East, Africa, Latin America and Asia Pacific.
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According to the IEA, solar thermal capacity that is mostly used for water heating projected a significant growth in India. The total solar thermal capacity in India accounted for 2.8 GWth in 2010 and it is increased to 7.7 GWth in 2017. India has the sixth largest installed capacity for solar thermal across the globe. Further, this capacity offers significant opportunities for the installation of solar water heating systems in the region that propel the growth of the Indian water heater market during the forecast period. The major players of Indian water heater include Bajaj Electricals Ltd., Crompton Greaves Consumer Electricals Ltd., Venus home appliance, Haier electronics group Co., Ltd. and Rinnai Corp.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Indian Water Heater Market by Energy Source
- Gas
- Electricity Water Heaters
- Hybrid Water Heaters
- Solar Water Heaters
Indian Water Heater Market by Mode of Water Supply
- On-Demand Or Tankless Water Heaters
- Storage Or Tank Water Heaters
Indian Water Heater Market by End-User
- Residential
- Commercial
- Industrial
Company Profiles
- O. Smith Corp.
- Bajaj Electricals Ltd.
- Crompton Greaves Consumer Electricals Ltd.
- Haier electronics group Co., Ltd.
- Himin Solar Group Co., Ltd.
- Havells India Ltd.
- JiaxingJinyi Solar Energy Technology Co., Ltd.
- Hangzhou Kangquan Water Heater Co., Ltd.
- Rinnai Corp.
- Racold Thermo Pvt. Ltd.
- Venus home appliance
The Report Covers
- Comprehensive research methodology of the Indian Water Heater market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Indian Water Heater market.
- Insights about market determinants which are stimulating the Indian Water Heater market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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