Market Overview:

The India electric water heater market is expected to exhibit a CAGR of 8.60% 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:

• Tank
• Tankless
   

Breakup by Capacity:

• Less Than 100 Liters
• 100 to 400 Liters
• More Than 400 Liters
   

Breakup by Distribution Channel:

• Online
• Offline
   

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:

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?