Renewable Energy
中文版 English عربيEspañaFrançaisItaliaPortugal한국Deutschland
India Water Heaters Market Forecast and Opportunities, 2020

India Water Heaters Market Forecast and Opportunities, 2020


According to India Water Heaters Market Forecast & Opportunities, 2020, the market for water heaters in India is expected to surpass USD450 million through 2020. 

Solar water heaters are the fastest growing segment in India water heater market. Further, growth in this segment is expected on account of rising awareness among consumers, pertaining to the benefits of solar water heaters both in terms of energy efficiency and being eco-friendly. Gas water heater market in the country is still at a nascent stage, but is expected to pick pace on the back of expansion of piped gas network across the country. The report reveals that Racold, Bajaj Electricals and Venus are the leading players in India water heater market and their revenue share is expected to grow over the forecasted period, owing to their expansion plans and widening of dealership networks. 

India water heaters market exhibited growth of around 10% during 2010-14. In India, the demand for water heaters has been increasing over the last few years on account of growth in construction sector and increasing disposable income. Moreover, water heaters used in the country are no longer limited to the residential sector as demand for water heaters in industrial and commercial sectors of the country is surging. Residential sector is the largest revenue contributor in water heaters market owing to increase in the housing projects in the country. While, electric water heaters are currently dominating the market, solar water heaters in the country have also gained prominence among Indian consumers over the past few years. 

 © Copyright 2008-2024       苏ICP备06003875号
Melissa Zhuskype