Market Overview:
The India electric water heater market is expected to exhibit a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
An electric water heater is a tank that heats water using vertically positioned and high-voltage electric heating rods. It relies on a dip tube through which cold water is supplied to the bottom of the heater tank and then heated by electrical resistors. It is made using stainless steel and has a glass-based coating, glass-based liner, or enamel that protects the interior surface and provides long shelf life. It is easy to install and highly cost-effective compared to gas-powered water heaters. As a result, there is a rise in the usage of electric water heaters in kitchen sinks, bathroom showers, and other residential and commercial places across India.
India Electric Water Heater Market Trends:
Due to a stoppage in the centrally supplied hot water, there is a rise in the adoption of personal electric water heaters in different states of India. This, along with the growing usage of hot water in the residential sector for hygiene purposes, represents one of the key factors driving the market. Moreover, changing architectural designs of residential buildings, coupled with rapid urbanization in the country, is strengthening the market growth. In addition, there is a rise in the demand for premium homeware products among the masses. In line with this, the burgeoning solar water heating industry in India is contributing to the growth of the market. Besides this, the rapid transition from conventional water heating equipment, such as boilers and burners, to electric water heaters is positively influencing the market. Apart from this, the rising awareness among the masses about the benefits of electric water heaters is offering lucrative growth opportunities to industry investors operating in the country. Additionally, the wide availability of electric water heaters through online and offline distribution channels is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India electric water heater market report, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on product type, capacity, distribution channel and end user.
Breakup by Product Type:
Breakup by Capacity:
- Less Than 100 Liters
- 100 to 400 Liters
- More Than 400 Liters
Breakup by Distribution Channel:
Breakup by End User:
- Residential
- Commercial
- Industrial
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Million |
| Segment Coverage |
Product Type, Capacity, Distribution Channel, End User, Region |
| Region Covered |
North India, West and Central India, South India, East India |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the India electric water heater market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the India electric water heater market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the capacity?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the India electric water heater market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 India Electric Water Heater Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Tank
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Tankless
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Capacity
7.1 Less Than 100 Liters
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 100 to 400 Liters
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 More Than 400 Liters
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Online
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Offline
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End User
9.1 Residential
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Commercial
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Industrial
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North India
10.1.1 Market Trends
10.1.2 Market Breakup by State
10.1.3 Market Forecast
10.2 West and Central India
10.2.1 Market Trends
10.2.2 Market Breakup by State
10.2.3 Market Forecast
10.3 South India
10.3.1 Market Trends
10.3.2 Market Breakup by State
10.3.3 Market Forecast
10.4 East India
10.4.1 Market Trends
10.4.2 Market Breakup by State
10.4.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Policy and Regulatory Landscape
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
List of Figures
Figure 1: India: Electric Water Heater Market: Major Drivers and Challenges
Figure 2: India: Electric Water Heater Market: Sales Value (in Million US$), 2016-2021
Figure 3: India: Electric Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: India: Electric Water Heater Market: Breakup by Product Type (in %), 2021
Figure 5: India: Electric Water Heater Market: Breakup by Capacity (in %), 2021
Figure 6: India: Electric Water Heater Market: Breakup by Distribution Channel (in %), 2021
Figure 7: India: Electric Water Heater Market: Breakup by End User (in %), 2021
Figure 8: India: Electric Water Heater Market: Breakup by Region (in %), 2021
Figure 9: India: Electric Water Heater (Tank) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: India: Electric Water Heater (Tank) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: India: Electric Water Heater (Tankless) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: India: Electric Water Heater (Tankless) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: India: Electric Water Heater (Less Than 100 Liters) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: India: Electric Water Heater (Less Than 100 Liters) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: India: Electric Water Heater (100 to 400 Liters) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: India: Electric Water Heater (100 to 400 Liters) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: India: Electric Water Heater (More Than 400 Liters) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: India: Electric Water Heater (More Than 400 Liters) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: India: Electric Water Heater (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: India: Electric Water Heater (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: India: Electric Water Heater (Offline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: India: Electric Water Heater (Offline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: India: Electric Water Heater (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: India: Electric Water Heater (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: India: Electric Water Heater (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: India: Electric Water Heater (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: India: Electric Water Heater (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: India: Electric Water Heater (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: North India: Electric Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: North India: Electric Water Heater Market: Breakup by State (in %), 2021
Figure 31: North India: Electric Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: West and Central India: Electric Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: West and Central India: Electric Water Heater Market: Breakup by State (in %), 2021
Figure 34: West and Central India: Electric Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: South India: Electric Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: South India: Electric Water Heater Market: Breakup by State (in %), 2021
Figure 37: South India: Electric Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: East India: Electric Water Heater Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: East India: Electric Water Heater Market: Breakup by State (in %), 2021
Figure 40: East India: Electric Water Heater Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: India: Electric Water Heater Industry: SWOT Analysis
Figure 42: India: Electric Water Heater Industry: Value Chain Analysis
Figure 43: India: Electric Water Heater Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: India: Electric Water Heater Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Electric Water Heater Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: India: Electric Water Heater Market Forecast: Breakup by Capacity (in Million US$), 2022-2027
Table 4: India: Electric Water Heater Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: India: Electric Water Heater Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: India: Electric Water Heater Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: India: Electric Water Heater Market: Competitive Structure
Table 8: India: Electric Water Heater Market: Key Players