India Solar Water Heater Market By Technology (Active & Passive Solar Water Heating System), By Collector Type (Flat-Plate & Evacuated-Tube Solar Collector), By End Use (Residential, Commercial & Industrial), Competition Forecast & Opportunities, 2023

India solar water heater market is forecast to surpass $ 180 million by 2023. Anticipated growth in the market can be attributed to growing consumer awareness regarding solar water heaters and their economic and environment-friendly benefits across residential and commercial sectors. Moreover, government’s initiatives to promote solar products in India, rising technological advancements on the product side coupled with rapid urbanization are expected to further steer growth in India solar water heater market during the forecast period.

Years Considered for this Report

Historical Years2013-2016

Base Year2017

Estimated Year2018

Forecast Period2019–2023

Objective of the Study

• The primary objective of the study is to understand and gain insights about the India solar water heater market and its segmental analysis by technology, by collector type, by end use and by regional share.
• To estimate and forecast market size of India solar water heater market.
• To categorize and forecast India solar water heater market by technology such as Active Solar Water Heating System and Passive Solar Water Heating System.
• To categorize and forecast India solar water heater market by collector type such as Flat-Plate Solar Collector and Evacuated-Tube Solar Collector.
• To categorize and forecast India solar water heater market by end use Residential, Commercial & Industrial.
• To categorize and forecast India solar water heater market by regions North, East, West and South.
• To identify major drivers & challenges for India solar water heater market.
• To identify major trends in India solar water heater market.
• To profile major companies operating in India solar water heater market.

Few of the major players operating in India solar water heater market include V-Guard Industries, Racold Thermo Private Limited, EMMVEE Solar System Private Limited, Sudarshan Saur Shakti Private Limited, Jain Irrigations Systems Limited, Bosch Limited, Supreme Solar Solutions Private Limited, Nuetech Solar Systems Private Limited, Akson’s Solar Equipments Pvt Ltd. and Anu Solar Power Private Limited.

To analyze and forecast India solar water heater market, both top-down and bottom-up approaches have been used. Multiple employees from the leading companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source. A brief study of the major players operating in India solar water heating market was also undertaken. Moreover, detailed and in-depth scrutiny of information was done to understand each policy or external or internal factor which could increase or decrease the demand for solar water heaters in India. To extract data, primary surveys were conducted with key players and stakeholders in the industry. The future plans of major players regarding solar water heater market in India were also studied. Various secondary sources such as white papers and secondary literature on solar water heaters, Smart Cities Mission, Federation of Indian Chambers of Commerce and Industry (FICCI), Ministry of New and Renewable Energy, Ministry of Statistics & Programme Implementation and Solar Water Heater Companies’ Annual Reports were also analyzed by TechSci Research.

Key Target Audience

• Solar water heater manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Associations, organizations, forums and alliances related to solar water heater market
• Major end users of solar water heaters
• Market research organizations and consulting firms

The study is essential in delivering useful information to industry stakeholders such as solar water heater manufacturers, suppliers and end users. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities