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As Indians were more accustomed to carrying out card-less payments, the move towards debit, credit, gift or food cards for carrying out different types of transactions has seen the growth of Point of Sale (POS) terminals in India. The countrys banking sector has been instrumental in the growth of the POS market. Banks are issuing debit cards to all...

The rise in residential and commercial construction projects, along with the high growth from the tourism and hospitality industry, is creating demand for HVAC products in Sri Lanka. Sri Lanka allows total foreign ownership across several industries and imposes no restrictions on repatriation of earnings, fees, and capital. Supporting budgets and p...

19 Dec 2017  |  South Asia, Middle East & North Africa  |  Market Research

Analysis of the Indian Air Purifier Market, Forecast to 2021

Rising Disposable Income, Improving Lifestyle, and Worsening Air Pollution Driving Market Growth

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Heightened awareness of the importance of indoor air quality and growing concerns on the impact of impure air quality on general well-being of people have raised demand for air purifiers in the last few years. Growing affordability, rising hygiene concerns, aspiration to lead a healthy lifestyle, and rapid decline in prices of air purifiers will fu...

As one of the the fastest growing sectors in the country, the Indian electronics industry is making concerted efforts to move from a consumption driven to a manufacturing driven industry. With low operating costs, a low competitive scenario, and ample potential for penetration by OEMs and EMS in key industry verticals, India promises to emerge as a...

09 Oct 2019  |  South Asia, Middle East & North Africa  |  Market Research

Indian Electric Irons Market, Forecast to FY2024

Rising Income Levels, Growing Affordability, and Introduction of Innovative Features will Drive the Electric Irons Market Growth

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The study aims to analyze and forecast the Indian electric irons market from FY2019 to FY2024. The growth of irons in India is led by an increasing number of new residential units and other construction activities coupled with rising per capita disposable income. Consistent efforts of manufacturers to stimulate replacement purchases through appea...

The tankless water heaters market is in a nascent stage in the country. However, it has the potential to replace storage water heaters in the long term. Increasing awareness levels of the product and the need for energy savings will drive the market. The market is dominated by storage electric water heaters. There is strong growth of solar water he...

RFID products have found a multitude of applications across India due to increased reliability and performance. The increased read ranges, data storage capacities, form factors, and integration with other technologies have immensely increased the applicability and, hence, the revenue growth of the RFID industry. Low entry barriers and high profits ...

19 Aug 2019  |  South Asia, Middle East & North Africa  |  Market Research

Indian Domestic Water Heaters Market, Forecast to FY2024

Introduction of Technologically Advanced Water Heaters, Improved Scenario of Electricity Availability, and Rising Disposable Income Will Drive Market Growth

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This study aims to analyze and forecast the Indian domestic water heaters market for the period FY2019 to FY2024. Water Heaters are among the fastest growing home appliances that provide a continual supply of hot water. Typical domestic uses of hot water include cooking, cleaning, bathing, and space heating. The growth of the water heaters market ...

In FY2018, the overall Indian appliance and consumer electronics (ACE) market was estimated at INR 210,000 Cr and is set to grow at a compound annual growth rate (CAGR) of 9%. The cooking appliances market accounted for 7.2% of the ACE market value in FY2018. Increase in consumer appliances market in the country has boded well for the kitchen appli...