V-Guard Industries to Dominate India Solar Water Heater Market through 2023
Subsidies provided by various state
governments for installing solar water heaters coupled with rising consumer
awareness to fuel India solar water heater market through 2023
According to a recently
published TechSci Research report “India Solar Water Heater Market
By Technology, By Collector Type, By End Use, Competition Forecast & Opportunities,
2023”, India solar
water heater market is projected to reach $ 180 million by 2023 on account of increasing demand for solar water heaters from
the residential sector.
Further, improving infrastructure and rising availability of piped water
facility across the rural regions in India is expected to drive adoption of solar
water heaters in the country over the next five years. Additionally, implementation
of GST is expected to have a positive impact on the organized solar water players
operating in the country. V-Guard Industries grabbed
the largest share in India solar water heater market in 2017 and the company is
likely to maintain its dominance throughout the forecast period as well.
Browse 37
market data Figures and Tables spread through 88 Pages and an in-depth TOC on
“India Solar Water Heater
Market" https://www.techsciresearch.com/report/india-solar-water-heater-market/3043.html
Among
collector types, evacuated-tube solar collectors dominated India solar water
heater market in 2017 as the water heaters incorporating these collectors are
more efficient and are widely used in the residential sector. In 2017,
residential sector had the largest application share in terms of value in India
solar water heater market, and the segment is likely to maintain its dominance
throughout the forecast period as well. Furthermore, Southern region of India
dominated solar water heater market in the country on account of increasing
subsidies provided by various state governments on installation of solar water
heaters in the region.
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“In the coming years, technological
advancements in solar water heaters with flat-plate technology is likely to
provide better energy storage solutions in India. Furthermore, the country is
witnessing a strong demand for polymer-based storage tanks, which provide
better insulation and high resistance to corrosion. Such factors, coupled with
rising consumer awareness, favorable policy environment and expanding middle
class, is expected to positively influence India solar water heater market during
the forecast period.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India Solar
Water Heater Market By Technology, By Collector Type, By End Use,
Competition Forecast & Opportunities, 2023” has evaluated the future growth
potential of India solar water heaters market and provides statistics and
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decision. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges and opportunities
in India solar water heater market.
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