India water heater market
projected to surpass $ 600 million by 2023. Growth in the market is led by increasing
number of new residential units and other construction activities coupled with
rising per capita disposable income. Moreover, improving standard of living, technological
advancements, and rising demand for low-cost and efficient water heaters is further expected to propel growth in India electric water
heaters market over the next five years.
Years considered for this report:
Historical Years: 2013-2016
Base Year: 2017
Estimated Year: 2018
Forecast Period: 2019-2023
Objective of the Study:
- To analyze and forecast
market size of India water heater market.
- To define, classify and
forecast India water heater market based on type, distribution channel and
regional distribution.
- To scrutinize the detailed
market segmentation and forecast the market size, in terms of volume, based
on region by segmenting India water heater market into four regions,
namely, North, East, West and South.
- To identify tailwinds and
headwinds for India water heater market.
- To strategically profile the
leading players, who are involved in the supply of water heaters in India.
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Some of the major players operating in India water
heater market include V-Guard Industries Ltd.,
Racold Thermo Private Limited, Bajaj Electricals Ltd., A. O. Smith India Water
Products Pvt. Ltd., Venus Home Appliances (P) Ltd, Crompton Greaves Consumer
Electricals Ltd., Havells India Limited, Orient Electric Ltd., Usha
International Ltd., and Kenstar India Pvt Ltd.
TechSci Research performed primary as
well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of water heater manufacturers,
importers and suppliers in India. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research was able to include manufacturers that could not be identified
due to the limitations of secondary research. TechSci Research analyzed type, distribution
channel and regional presence of all major water heater suppliers across India.
TechSci Research calculated the market size for India water heater market using a
bottom-up approach, where manufacturers’ value data for different types of (Electric
Water Heater, Solar Water Heater & Gas Water Heater) was recorded as well
as forecast for the future years was made. TechSci Research sourced these
values from industry experts and company representatives, and externally
validated through analyzing historical sales data of respective manufacturers to
arrive at the overall market size. Various secondary sources such as company
annual reports, white papers, investor presentations and financial reports were
also studied by TechSci Research.
Key Target Audience:
- India water heater manufacturers, suppliers, distributors and other stakeholders
- Organizations, associations and alliances related to India water heater industry
- Government bodies such as regulating authorities and policy makers
- Market research and consulting firms
The study is useful in providing
answers to several critical questions that are important for industry
stakeholders, such as manufacturers, distributors, dealers and policy makers. The report also provides useful
insights about which market segments should be targeted over the coming years to
strategize investments and capitalize on growth of the market.
Report Scope:
In this report, India water heater market has been segmented into following categories,
in addition to the industry trends which have also been detailed below:
- Market, by Type:
- Electric Water Heater
- Solar Water Heater
- Gas Water Heater
- Market, by Distribution Channel:
- Exclusive Brand Outlets
- Multi-Branded Electronic Stores
- Non-Store-based Retailing
- Market, by Geography:
- Market, by Company:
- V-Guard Industries Ltd.
- Racold Thermo Private Limited
- Bajaj Electricals Ltd.
- A. O. Smith India Water Products Pvt. Ltd.
- Others
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in India water heater market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Channel Partner Analysis
- Detailed list of distributors and dealers across India.
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Product Information
- Detailed analysis of new products in the market and their driving
forces in the market.
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com