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India Electric Water Heater Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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:

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


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