India water heater market report comprehensively covers the market by types, by capacity, distribution channel, applications and regions. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/ high growth areas, market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Water Heater Market Synopsis
The India water heater market is smaller as compared to other consumer durables as heaters have seasonal demand and high energy cost leading to low penetration of the product in the country. Further, availability of substitutes like immersion rods and cooking stoves further leads to low demand for the product. Although, Covid-19 outbreak had no negative impact over water heater market, as the lockdown was implemented in summers by the government when the demand remains least, and most of the restrictions were revoked by the peak season of water heater sales.
According to the publisher, the India Water Heater Market revenue size is projected to grow at a CAGR of 6.9% during 2021-27F. Rising household demand owing to increasing disposable income of middle class population and growing hospitality sector are the major factors contributing to the growth of India water heater market. Household sector has majorly provided opportunity for growth in energy efficient electric water heater segment, i.e, 4 or 5 start rated water heaters. Further, solar water heater segment is anticipated to contribute towards the market in coming years owing to government policies to incentivise the use of renewable sources of energy. Tier I and Tier II cities customer base of companies are also growing after covid outbreak due rising adoption and focus on e-commerce platforms.
Market by Types Analysis
In terms of Types, electric water and solar water heater cumulatively have captured 85% of the market revenues in 2020, with electric water heater leading the market. Electric water heaters have garnered the majority share in the India water heater market in terms of revenue and volume on account of the lower price and easy installation.
Market by Distribution Channel Analysis
In India water heater market, the offline segment occupied the majority share of the market revenues accounting for more than 90% of the market revenues in 2020 as the consumers have the option of comparing the different brands available at the store physically and choose the right product as per their requirement. However, the growing popularity of e-commerce websites among millennials is likely to drive a significant growth in the online distribution channel segment over the coming years.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
- Key Highlights of the Report
- India Water Heater Market Overview
- India Water Heater Market Outlook
- India Water Heater Market Forecast
- Historical Data and Forecast of India Water Heater Market Revenues & Volume for the Period 2017-2027F
- Historical Data and Forecast of Revenues & Volume, By Types, for the Period 2017-2027F
- Historical Data and Forecast of Revenues & Volume, By Capacity, for the Period 2017-2027F
- Historical Data and Forecast of Revenues, By Applications, for the Period 2017-2027F
- Historical Data and Forecast of Revenues, By Distribution Channels, for the Period 2017-2027F
- Historical Data and Forecast of Revenues, By Regions, for the Period 2017-2027F
- Market Drivers
- Market Restraints
- India Water Heater Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- India Water Heater Market Player’s Revenue Shares
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Types
- Electric Water Heater
- Gas Water Heater
- Solar Water Heater
By Capacity
- Upto 5 Litre
- 1 -10 Litre
- 1 -20 Litre
- Above 20 Litre
By Application
- Residential
- Commercial
By Distribution Channel
- Online
- Offline
By Regions
- Northern
- Southern
- Western
- Eastern
Table of Contents
1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. India Water Heater Market Overview
3.1 India Water Heater Market Revenues and Volume (2017-2027F)
3.2 India Water Heater Market-Industry Life Cycle
3.3 India Water Heater Market-Porter’s Five Forces
3.4 India Water Heater Market - Ecosystem
3.5 India Water Heater Market Revenue and Volume Share, By Types (2020 & 2027F)
3.6 India Water Heater Market Revenue and Volume Share, By Capacity (2020 & 2027F)
3.7 India Water Heater Market Revenue Share, By Applications (2020 & 2027F)
3.8 India Water Heater Market Revenue Share, By Distribution Channels (2020 & 2027F)
3.9 India Water Heater Market Revenue Share, By Regions (2020 & 2027F)
4. Impact Analysis of Covid-19 on India Water Heater Market
5. India Water Heater Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints
6. India Water Heater Market Trends
7. India Water Heater Market Overview, By Types
7.1 India Water Heater Market Revenues, By Types
7.1.1 India Electric Water Heater Market Revenues (2017-2027F)
7.1.2 India Solar Water Heater Market Revenues (2017-2027F)
7.1.3 India Gas Water Heater Market Revenues (2017-2027F)
7.2 India Water Heater Market Volume, By Types
7.2.1 India Electric Water Heater Market Volume (2017-2027F)
7.2.2 India Solar Water Heater Market Volume (2017-2027F)
7.2.3 India Gas Water Heater Market Volume (2017-2027F)
8. India Water Heater Market Overview, By Capacity
8.1 India Water Heater Market Revenues, By Capacity
8.1.1 India Water Heater Market Revenues, By Upto 5 Litre Capacity (2017-2027F)
8.1.2 India Water Heater Market Revenues, By Upto 5.1 - 10 Litre Capacity (2017-2027F)
8.1.3 India Water Heater Market Revenues, By Upto 10.1-20 Litre Capacity (2017-2027F)
8.1.4 India Water Heater Market Revenues, By Above 20 Litre Capacity (2017-2027F)
8.2 India Water Heater Market Volume, By Capacity
8.2.1 India Water Heater Market Volume, By Upto 5 Litre Capacity (2017-2027F)
8.2.2 India Water Heater Market Volume, By Upto 5.1 - 10 Litre Capacity (2017-2027F)
8.2.3 India Water Heater Market Volume, By Upto 10.1-20 Litre Capacity (2017-2027F)
8.2.4 India Water Heater Market Volume, By Above 20 Litre Capacity (2017-2027F)
9. India Water Heater Market Overview, By Applications
9.1 India Water Heater Market Revenues, By Applications
9.1.1 India Water Heater Market Revenues, By Residential Application (2017-2027F)
9.1.2 India Water Heater Market Revenues, By Commercial Application (2017-2027F)
10. India Water Heater Market Overview, By Distribution Channels
10.1 India Water Heater Market Revenues, By Distribution Channels
10.1.1 India Water Heater Market Revenues, By Offline Distribution Channels (2017-2027F)
10.1.2 India Water Heater Market Revenues, By Online Distribution Channels (2017-2027F)
11. India Water Heater Market Overview, By Regions
11.1 India Water Heater Market Revenues, By Regions
11.1.1 India Water Heater Market Revenues, By Northern Region (2017-2027F)
11.1.2 India Water Heater Market Revenues, By Western Region (2017-2027F)
11.1.3 India Water Heater Market Revenues, By Eastern Region (2017-2027F)
11.1.4 India Water Heater Market Revenues, By Southern Region (2017-2027F)
12. India Water Heater Market Key Performance Indicators
12.1 India Real Estate Sector Outlook
12.2 Hospitality and Tourism Sector Outlook
12.3 Retail Sector Outlook
12.4 India Consumer Durables Industry Outlook
12.5 India E-Commerce Market Outlook
13. India Water Heater Market Opportunity Assessment
13.1 India Water Heater Opportunity Assessment, By Types (2027F)
13.2 India Water Heater Opportunity Assessment, By Capacity (2027F)
13.3 India Water Heater Opportunity Assessment, By Applications (2027F)
13.4 India Water Heater Opportunity Assessment, By Distribution Channels (2027F)
13.5 India Water Heater Opportunity Assessment, By Regions (2027F)
14. India Water Heater Market - Competitive Landscape
14.1 India Water Heater Market Revenue Share, By Company (2020)
14.2 India Water Heater Market Competitive Benchmarking
14.2.1 India Water Heater Market Competitive Benchmarking, By Technical Parameters
14.2.2 India Water Heater Market Competitive Benchmarking, By Operating Parameters
15. Company Profiles
15.1 V-Guard Industries Ltd.
15.2 Havells India Ltd.
15.3 Ariston Thermo Spa
15.4 A. O. Smith India Water Products Private Limited
15.5 Haier Appliances India Pvt Ltd
15.6 Jaquar Group
15.7 Bajaj Electricals Limited
15.8 Crompton Greaves Consumer Electricals Limited
15.9 Usha International Limited
15.10 Venus Home Appliances Ltd.
16. Key Strategic Recommendations
17. Disclaimer
List of Figures
Figure 1. India Water Heater Market Revenues and Volume, 2017-2027F (INR Crore, Thousand Units)
Figure 2. India Water Heater Market Revenue Share, By Types, 2020 & 2027F
Figure 3. India Water Heater Market Volume Share, By Types, 2020 & 2027F
Figure 4. India Water Heater Market Revenue Share, By Capacity, 2020 & 2027F
Figure 5. India Water Heater Market Volume Share, By Capacity, 2020 & 2027F
Figure 6. India Water Heater Market Revenue Share, By Applications, 2020 & 2027F
Figure 7. India Water Heater Market Revenue Share, By Distribution Channels, 2020 & 2027F
Figure 8. India Water Heater Market Revenue Share, By Regions, 2020 & 2027F
Figure 9. Urban population of India (Millions)
Figure 10. India Per Capita Income (current $)
Figure 11. India Travel and Tourism direct contribution to GDP, 2010-2019 ($ Billions)
Figure 12. India-Arrivals of non-resident tourists at national borders, 2008- 2019 (in million)
Figure 13. India Water Heater/Geyser Market, Organized Sector Vs Unorganized Sector
Figure 14. India Residential Water Heater Market Revenues, 2017-2027F (INR Crores)
Figure 15. India Commercial Water Heater Market Revenues, 2017-2027F (INR Crores)
Figure 16. India Offline Water Heater Market Revenues, 2017-2027F (INR Crores)
Figure 17. India Online Water Heater Market Revenues, 2017-2027F (INR Crores)
Figure 18. Market size of real estate in India ($ billion)
Figure 19. Number of Hotel Sites/ Outlets in India, (2018- 2023F)
Figure 20. Market Size of the Retail Industry, 2016- 2026F (INR Billion)
Figure 21. Market Share of the Retail Industry, 2019 & 2021F
Figure 22. Revenue Share of Urban and Rural Areas in the Consumer Durable Market, 2019
Figure 23. Sector- wise share of goods sold on E- Commerce Platform, 2019
Figure 24. Total Number of Internet Users in India (Million)
Figure 25. India Water Heater Market Opportunity Assessment, By Types, 2027F
Figure 26. India Water Heater Market Opportunity Assessment, By Capacity, 2027F
Figure 27. India Water Heater Market Opportunity Assessment, By Applications, 2027F
Figure 28. India Water Heater Market Opportunity Assessment, By Distribution Channels, 2027F
Figure 29. India Water Heater Market Opportunity Assessment, By Regions, 2027F
Figure 30. India Water Heater Market Revenue Share, By Companies, 2020
List of Tables
Table 1. Sectoral Deployment of Bank Credit based on Major Sectors, September 2020
Table 2. List of Major Upcoming Residential Projects in India
Table 3. India Residential Sector Ongoing Projects
Table 4. India Water Heater Market Revenues, Types, 2017-2027F (INR Crores)
Table 5. India Water Heater Market Volume, Types, 2017-2027F (Million Units)
Table 6. India Water Heater Market Revenues, By Capacity, 2017-2027F (INR Crores)
Table 7. India Water Heater Market Volume, By Capacity, 2017-2027F (Million Units)
Table 8. India Water Heater Market Revenues, By Regions, 2017-2027F (INR Crores)
Samples
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Companies Mentioned
- V-Guard Industries Ltd.
- Havells India Ltd.
- Ariston Thermo Spa
- A O. Smith India Water Products Private Limited
- Haier Appliances India Pvt Ltd
- Jaquar Group
- Bajaj Electricals Limited
- Crompton Greaves Consumer Electricals Limited
- Usha International Limited
- Venus Home Appliances Ltd.
