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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 India is led by an increasing number of new residential units, rising per capita disposable income, improving standard of living, and technological advancements. Some of the major participants operating in the Indian water heater market include Racold Thermo Private Limited, V-Guard Industries Ltd., Bajaj Electricals Ltd., Venus Home Appliances (P) Ltd, Crompton Greaves Consumer Electricals Ltd., Havells India Limited, A. O. Smith India Water Products Pvt. Ltd., and Usha International Ltd.This research study on the water heaters market in India offers the most up-to-date market data on the actual market situation by product type (electric storage water heaters, electric instant water heaters, electric tankless water heaters, solar water heaters, and gas water heaters); key end-user segments (residential, commercial, and others); and regions (North, South, East and West). The report covers the market landscape and analyzes its growth prospects over the coming years. It also includes a discussion on the key companies operating in this market. Further, it makes forecasts for the period covering FY2019 to FY2024 and presents a future outlook for the market, which makes it an invaluable resource for industry executives; marketing, sales and product managers; analysts; and other people looking for key industry data along with readily accessible and clearly presented tables and graphs.
Residential, Commercial, Industrial, Transport, Government & Others
India, analyzed by the North, East, West, South regions
FY2019 to FY2024; Base Year–FY2019; Forecast Years–FY2020 to FY2024
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