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 get a handle on the Indian solar water heater market, we used both a bird's-eye view and a ground-level perspective. We actually spoke with folks at the leading companies via phone calls to get the real scoop and double-check what we were finding. We also took a look at the big players in India's solar water heating game. Then, we really dug deep to understand all the things – like policies and other factors, both inside and outside the market – that could make the demand for solar water heaters go up or down. We even did surveys with key players and stakeholders to get firsthand data. We also checked out the future plans of the major players in the solar water heater market. Finally, TechSci Research dove into tons of secondary sources like white papers, reports on solar water heaters, the Smart Cities Mission, data from the Federation of Indian Chambers of Commerce and Industry (FICCI), the Ministry of New and Renewable Energy, the Ministry of Statistics & Programme Implementation, and even annual reports from Solar Water Heater Companies.
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
