India Water Heater Market Overview, 2022-28

India Water Heater Market Overview, 2022-28

This report gives an in-depth analysis of water heater industry in India. The water heaters industry is filled with large numbers of un-organized as well as organized manufacturers. The market has shown immense growth potential resulting into the continuous innovation in the products by the organized segment. More than half of the electric water heater market share is enjoyed by the established big business units as they are able to offers the products that are technologically upgraded along with increased level of safety that are even energy efficient. The major players in the segment are Racold, Bajaj Electricals, Venus, A.O.Smith, Havells and are estimated to control the segment in the nearer future as well.

According to the report, “India Water Heater Market Outlook, 2027-28”, the market is anticipated to grow with more than 15% CAGR for 2022-2028. While in the solar segment of the water heater market the story takes a turn where the market is firmly in the hands of Un-organized manufacturers or local manufacturers, thanks to the cheaper Chinese imports. The un-organized players takes the benefit of the price sensitive customers as the basic models they have to offer in the solar segment costs roughly around INR 8500 that is almost half the price as compared to the branded one that goes up to INR 15000. The established players in the segment are Emmvve, Anu Solar, Tata BP and V-Guard which has minimal share in the market as compared to the local manufacturers.

The electric water heaters is the dominant market as it comes with low ownership cost and lower maintenance, is forecasted to dominate the market in the nearer future. Solar waters have started picking up slowly due to the continuous efforts from the Government and increased awareness amongst the customers to opt for environment friendly products. The factor that dents the solar segment is high cost of ownership from the organized market and lower quality from the un-organized market that in turn increases the maintenance cost. With innovations going in the industry will offer the bunch of products that will be able to cater the needs of the customers.

Key Product Type
• Electric Water Heater
• Solar Water Heater
• Gas Water Heater

“India Water Heater Market Overview” discusses the following aspects of water heaters in India:
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The report gives an in-depth understanding of water heaters in India:
- India Water Heaters Market Outlook
- India Water Heater Market Size & Forecast (Value & Volume)
- India Water Heater Segmental Analysis: By Type, By Company, By Region, By End User, By Demand Generation
- India Electric Water Heater Market Size & Forecast (Value & Volume)
- India Organized Vs Unorganized Electric Water Heaters Market Size & Forecast
- India Electric Water Heater Segmental Analysis: By Company, By Region
- India Solar Water Heater Market Size & Forecast (Value & Volume)
- India Organized Vs Unorganized Solar Water Heaters Market Size & Forecast
- India Solar Water Heater Segmental Analysis: By Company, By Region
- India Gas Water Heater Market Size & Forecast (Value & Volume)
- Pricing Analysis of Water Heaters
- The key vendors in this market space

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 heaters in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.