India Electric Water Heater Market: Market Size, Forecast, Insights, and Competitive Landscape

India Electric Water Heater Market: Market Size, Forecast, Insights, and Competitive Landscape


The India electric water heater market is expected to grow at a CAGR of around 7.6% during 2024-2033. This report on India electric water heater market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the India electric water heater market by segmenting the market based on product type, capacity, distribution channel, end user, and region. Also, detailed profiles of companies operating in the electric water heater market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Drivers

• Improving Electrification Rates along with Growing Accessibility
• Availability of Wide-Ranging Capacity Systems

Market Challenges

• High Installation Cost
• Availability of Counterparts

Historical & Forecast Period

Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033

Market by Product Type

• Tank
• Tankless

Market by Capacity

• Less Than 100 Liters
• 100 to 400 Liters
• More Than 400 Liters

Market by Distribution Channel

• Online
• Offline

Market by End User

• Residential
• Commercial
• Industrial

Market by Region

• North India
• West and Central India
• South India
• East India


1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
3. India Electric Water Heater Market
3.1. Introduction
3.2. Market Drivers
3.3. Market Challenges
4. India Electric Water Heater Market Analysis
4.1. Market Portraiture
4.2. Market Size
4.3. Market Forecast
4.4. Impact of COVID-19
5. India Electric Water Heater Market by Product Type
5.1. Introduction
5.2. Tank
5.3. Tankless
6. India Electric Water Heater Market by Capacity
6.1. Introduction
6.2. Less Than 100 Liters
6.3. 100 to 400 Liters
6.4. More Than 400 Liters
7. India Electric Water Heater Market by Distribution Channel
7.1. Introduction
7.2. Online
7.3. Offline
8. India Electric Water Heater Market by End User
8.1. Introduction
8.2. Residential
8.3. Commercial
8.4. Industrial
9. India Electric Water Heater Market by Region
9.1. Introduction
9.2. North India
9.3. West and Central India
9.4. South India
9.5. East India
10. SWOT Analysis
11. Porter’s Five Forces
12. Market Value Chain Analysis
13. Competitive Landscape
13.1. Competitive Scenario
13.2. Company Profiles
13.2.1. A. O. Smith India Water Products Private Limited
13.2.2. Ariston Thermo Spa
13.2.3. Bajaj Electricals Limited
13.2.4. Crompton Greaves Consumer Electricals Limited
13.2.5. Haier Appliances India Pvt Ltd
13.2.6. Havells India Ltd.
13.2.7. Jaquar Group
13.2.8. Usha International Limited
13.2.9. Venus Home
13.2.10. V-Guard Industries Ltd.
List of Figures
Figure 1: India Electric Water Heater Market (in US$ Million), 2019-2023
Figure 2: India Electric Water Heater Market by Product Type, 2023
Figure 3: India Electric Water Heater Market by Capacity, 2023
Figure 4: India Electric Water Heater Market by Distribution Channel, 2023
Figure 5: India Electric Water Heater Market by End User, 2023
Figure 6: India Electric Water Heater Market by Region, 2023
Figure 7: India Electric Water Heater Market (in US$ Million), 2024-2033
Figure 8: India Electric Water Heater Market by Product Type (in %), 2023 & 2033
Figure 9: India Tank Electric Water Heater Market (in US$ Million), 2019-2023
Figure 10: India Tank Electric Water Heater Market (in US$ Million), 2024-2033
Figure 11: India Tankless Electric Water Heater Market (in US$ Million), 2019-2023
Figure 12: India Tankless Electric Water Heater Market (in US$ Million), 2024-2033
Figure 13: India Electric Water Heater Market by Capacity (in %), 2023 & 2033
Figure 14: India Less Than 100 Electric Water Heater Market (in US$ Million), 2019-2023
Figure 15: India Less Than 100 Electric Water Heater Market (in US$ Million), 2024-2033
Figure 16: India 100 to 400 Liters Electric Water Heater Market (in US$ Million), 2019-2023
Figure 17: India 100 to 400 Liters Electric Water Heater Market (in US$ Million), 2024-2033
Figure 18: India More Than 400 Liters Electric Water Heater Market (in US$ Million), 2019-2023
Figure 19: India More Than 400 Liters Electric Water Heater Market (in US$ Million), 2024-2033
Figure 20: India Electric Water Heater Market by Distribution Channel (in %), 2023 & 2033
Figure 21: India Online Electric Water Heater Market (in US$ Million), 2019-2023
Figure 22: India Online Electric Water Heater Market (in US$ Million), 2024-2033
Figure 23: India Offline Electric Water Heater Market (in US$ Million), 2019-2023
Figure 24: India Offline Electric Water Heater Market (in US$ Million), 2024-2033
Figure 25: India Electric Water Heater Market by End User (in %), 2023 & 2033
Figure 26: India Residential Electric Water Heater Market (in US$ Million), 2019-2023
Figure 27: India Residential Electric Water Heater Market (in US$ Million), 2024-2033
Figure 28: India Commercial Electric Water Heater Market (in US$ Million), 2019-2023
Figure 29: India Commercial Electric Water Heater Market (in US$ Million), 2024-2033
Figure 30: India Industrial Electric Water Heater Market (in US$ Million), 2019-2023
Figure 31: India Industrial Electric Water Heater Market (in US$ Million), 2024-2033
Figure 32: India Electric Water Heater Market by Region (in %), 2023 & 2033
Figure 33: North India Electric Water Heater Market (in US$ Million), 2019-2023
Figure 34: North India Electric Water Heater Market (in US$ Million), 2024-2033
Figure 35: West and Central India Electric Water Heater Market (in US$ Million), 2019-2023
Figure 36: West and Central India Electric Water Heater Market (in US$ Million), 2024-2033
Figure 37: South India Electric Water Heater Market (in US$ Million), 2019-2023
Figure 38: South India Electric Water Heater Market (in US$ Million), 2024-2033
Figure 39: East India Electric Water Heater Market (in US$ Million), 2019-2023
Figure 40: East India Electric Water Heater Market (in US$ Million), 2024-2033
Figure 41: Market Value Chain
List of Tables
Table 1: India Electric Water Heater Market Portraiture
Table 2: India Electric Water Heater Market by Product Type (in US$ Million), 2023 & 2033
Table 3: India Electric Water Heater Market by Capacity (in US$ Million), 2023 & 2033
Table 4: India Electric Water Heater Market by Distribution Channel (in US$ Million), 2023 & 2033
Table 5: India Electric Water Heater Market by End User (in US$ Million), 2023 & 2033
Table 6: India Electric Water Heater Market by Region (in US$ Million), 2023 & 2033
Table 7: List of Key Players

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