Report Description

India Water Heater Market By Type (Electric, Solar and Gas), By Instant Vs. Storage, By Distribution Channel (Exclusive Brand Outlets, Multi-Branded Electronic Stores and Non-Store-based Retailing), Competition Forecast & Opportunities, 2013–2023

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:
    • North
    • East
    • West
    • South
  • 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 

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