India Water Heaters Market Forecast and Opportunities, 2020

India Water Heaters Market Forecast and Opportunities, 2020

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.

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 countryis 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 Forecast & Opportunities, 2020” discusses the following aspects of water heaters in India:

• India Water Heaters Market Size, Share & Forecast
• Segmental Analysis - By Company, By End User, By Region & By Company
• Policy & Regulatory Landscape
• Changing Market Trends & Emerging Opportunities
• Competitive Landscape & Strategic Recommendations

Why You Should Buy This Report?

• To gain an in-depth understanding of water heaters market in India
• To identify the on-going trends and anticipated growth in the next five years
• To help industry consultants, manufacturers and other stakeholders align their market-centric strategies
• To obtain research based business decisions and add weight to presentations and marketing material
• To gain competitive knowledge of leading market players
• To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs

Report Methodology

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

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Companies Mentioned

1. Racold Thermo Ltd.
2. Venus Home Appliances (P) Ltd.
3. AO Smith India
4. Bajaj Electricals Ltd.
5. Tata Power Solar Systems Ltd.
6. V-Guard Industries Ltd.
7. EMMVEE Solar Systems Pvt. Ltd
8. Thermoking
9. Usha International Ltd.
10. Anu Solar Pvt. Ltd