Indian Domestic Water Heaters Market, Forecast to FY2024

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

RELEASE DATE
19-Aug-2019
REGION
South Asia, Middle East & North Africa
Research Code: PA94-01-00-00-00
SKU: ES01114-SA-MR_23517
$4,950.00
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Description

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.

Research Scope

  • Market by Product Type
    • Electric Storage Water Heater: A domestic water heating appliance that consists of an insulated storage tank, usually cylindrical, to maximize heating capacity and provide instantaneous delivery of hot water.
    • Electric Instant Water Heater: A water heater that heats the water on demand and does not store any water internally except for what is in the heat exchanger coil. This heater ensures a steady stream of heated water as per its capacity.
    • Electric Tankless Water Heater: A premium instant water heater wherein the flow of hot water is uninterrupted and independent of the capacity.
    • Solar Water Heater: A device that uses solar panels to heat the water which is delivered to a storage tank.
    • Gas Water Heater: A heater, be it storage or instant, which uses natural gas as a medium to heat water.
  • Market by Key end-user segments
    • Residential, Commercial, Industrial, Transport, Government & Others

  • Geography

    • India, analyzed by the North, East, West, South regions

  • Study Period

    • FY2019 to FY2024; Base Year–FY2019; Forecast Years–FY2020 to FY2024


Key Issues Addressed

  •  Is the market growing, how long will it continue to grow, and at what rate?
  • What is the current market size and segmentation by type of product, regions, and end users?
  • What is the future growth potential of Water Heaters in India? What will be the major drivers and trends impacting the market?
  • What is the industry structure and how is the competitive environment?
  • Where are the key growth opportunities and how can brands capitalize on them?
  • What is the current distribution structure and how is it going to change in the future?

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
Click image to view it in full size

Table of Contents

Key Findings

Key Findings (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

CEO’s Perspective

Market Definitions

Market Definitions (continued)

Key Questions This Study Will Answer

Market Segmentation By Product Type

Market Segmentation By Storage Capacity

Market Segmentation By Storage Capacity (continued)

Market Segmentation By End Users

Market Segmentation By Region

Market Distribution Channels

Market Drivers

Drivers Explained

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

Forecast Assumptions

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Pricing Trends and Forecast

Pricing Trends and Forecast Discussion

Percent Revenue Forecast by Region

Revenue Forecast by Region

Revenue Forecast Discussion by Region

Revenue Forecast by Product Type

Revenue Forecast Discussion by Product Type

Revenue Forecast by End Users

Revenue Forecast Discussion by End users

Percent Revenue Forecast by Distribution Channel

Percent Revenue Forecast Discussion by Distribution Channel

Ecosystem and Key Stakeholders

Key Buying Factors

Market Share

Market Share Analysis

Competitive Environment

Top Competitors

Top Competitors (continued)

Product Highlights

Product Highlights (continued)

Product Highlights (continued)

Product Highlights (continued)

Competitive Factors and Assessment

Key Market Participants—Profiling

Key Market Participants—Profiling (continued)

Key Market Participants—Profiling (continued)

Key Market Participants—Profiling (continued)

Growth Opportunity 1—Energy-efficient Water Heaters to Play a Critical Role

Growth Opportunity 2—Solar Water Heaters Gaining Prominence

Growth Opportunity 3—Tankless Water Heaters will be the Fastest Growing Segment

Growth Opportunity 4—Demand for Smart and Intelligent Water Heaters will Increase

Strategic Imperatives for Success and Growth

Electric Storage Water Heaters Segment—Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Revenue Forecast by Storage Capacity—Electric Storage Water Heaters

Revenue Forecast Discussion by Storage Capacity—Electric Storage Water Heaters

Electric Instant Water Heaters Segment—Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Revenue Forecast by Storage Capacity—Electric Instant Water Heaters

Revenue Forecast Discussion by Storage Capacity—Electric Instant Water Heaters

Electric Tankless Water Heaters Segment—Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Solar Water Heaters Segment—Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Revenue Forecast by Storage Capacity—Solar Water Heaters

Revenue Forecast Discussion by Storage Capacity—Solar Water Heaters

Gas Water Heaters Segment—Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Revenue Forecast by Storage Capacity—Gas Water Heaters

Revenue Forecast Discussion by Storage Capacity—Gas Water Heaters

Northern Region—Key Findings

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Southern Region—Key Findings

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Eastern Region—Key Findings

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Western Region—Key Findings

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

List of Companies in “Others”

Abbreviations and Acronyms

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
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.--BEGIN PROMO--

Research Scope

  • Market by Product Type
    • Electric Storage Water Heater: A domestic water heating appliance that consists of an insulated storage tank, usually cylindrical, to maximize heating capacity and provide instantaneous delivery of hot water.
    • Electric Instant Water Heater: A water heater that heats the water on demand and does not store any water internally except for what is in the heat exchanger coil. This heater ensures a steady stream of heated water as per its capacity.
    • Electric Tankless Water Heater: A premium instant water heater wherein the flow of hot water is uninterrupted and independent of the capacity.
    • Solar Water Heater: A device that uses solar panels to heat the water which is delivered to a storage tank.
    • Gas Water Heater: A heater, be it storage or instant, which uses natural gas as a medium to heat water.
  • Market by Key end-user segments
    • Residential, Commercial, Industrial, Transport, Government & Others

  • Geography

    • India, analyzed by the North, East, West, South regions

  • Study Period

    • FY2019 to FY2024; Base Year–FY2019; Forecast Years–FY2020 to FY2024

Key Issues Addressed

  •  Is the market growing, how long will it continue to grow, and at what rate?
  • What is the current market size and segmentation by type of product, regions, and end users?
  • What is the future growth potential of Water Heaters in India? What will be the major drivers and trends impacting the market?
  • What is the industry structure and how is the competitive environment?
  • Where are the key growth opportunities and how can brands capitalize on them?
  • What is the current distribution structure and how is it going to change in the future?
More Information
No Index No
Podcast No
Author Satya Manikanta
Industries Electronics and Sensors
WIP Number PA94-01-00-00-00
Is Prebook No
GPS Codes 9200-A3,9592