India Solar Water Heater Market By Size, Share, and Forecast 2023

Summary

Report Description

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 Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

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.

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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 in specific market segments and geographies.

Report Scope:

In this report, India solar water heater market has been segmented into the following categories in addition to the industry trends which have also been listed below:

Market, By Technology:

Active Solar Water Heating System
Passive Solar Water Heating System

Market, By Collector Type:

Flat-Plate Solar Collector
Evacuated-Tube Solar Collector

Market, By End Use:

Residential
Commercial
Industrial

Market, By Region:

North
East
West
South

Market, By Company:

V-Guard Industries
Racold Thermo Private Limited
EMMVEE Solar System Private Limited
Sudarshan Saur Shakti Private Limited
Jain Irrigation Systems Limited
Others

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India solar water heater market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

In case of you can’t find what you are looking for, then please get in touch with our custom research team at [email protected]

Table of content

1. Solar Water Heater: An Introduction

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Solar Water Heater Brands Used

4.2. Factors Considered Before Purchase

4.3. Brand Awareness

4.4. Brand Satisfaction Level

5. Global Solar Water Heater Market Overview

6. India Solar Water Heater Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.1.2. By Volume

6.2. Market Share & Forecast

6.2.1. By Technology (Active Solar Water Heating System and Passive Solar Water Heating System)

6.2.2. By Collector Type (Flat-Plate Solar Collector and Evacuated-Tube Solar Collector)

6.2.3. By End Use (Residential, Commercial and Industrial)

6.2.4. By Region (North, South, East, and West)

6.2.5. By Company

6.3. Market Attractiveness Index

6.3.1. By Technology (Active Solar Water Heating System and Passive Solar Water Heating System)

6.3.2. By Collector Type (Flat-Plate Solar Collector and Evacuated-Tube Solar Collector)

6.3.3. By Region (North, South, East, and West)

7. India Active Solar Water Heater Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.1.2. By Volume

7.2. Market Share & Forecast

7.2.1. By Type (Direct Circulation and Indirect Circulation)

7.2.2. By Collector Type (Flat-Plate Solar Collector and Evacuated-Tube Solar Collector)

7.2.3. By End Use (Residential, Commercial and Industrial)

7.3. Product Benchmarking

8. India Passive Solar Water Heater Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.1.2. By Volume

8.2. Market Share & Forecast

8.2.1. By Type (Integral Collector Storage and Thermosyphon)

8.2.2. By Collector Type (Flat-Plate Solar Collector and Evacuated-Tube Solar Collector)

8.2.3. By End Use (Residential, Commercial and Industrial)

8.3. Product Benchmarking

9. Supply Chain Analysis

10. Import & Export Analysis

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Policy & Regulatory Landscape

14. India Economic Profile

15. Competitive Landscape

15.1. Competition Outlook

15.2. Company Profiles

15.2.1. V-Guard Industries

15.2.2. Racold Thermo Private Limited

15.2.3. EMMVEE Solar System Private Limited

15.2.4. Sudarshan Saur Shakti Pvt. Ltd

15.2.5. Jain Irrigations Systems Ltd

15.2.6. Bosch Limited

15.2.7. Supreme Solar Systems Private Limited

15.2.8. Nuetech Solar Systems Private Limited

15.2.9. Akson’s Solar Equipments Pvt Ltd.

15.2.10. Anu Solar Power Private Limited

16. Strategic Recommendations

Figures and Tables

List of Figures

Figure 1: Global Solar Thermal Total Installed Capacity Share, By Region, 2017

Figure 2: India Solar Water Heater Market Size, By Value (USD Million), By Volume (Thousand Square Meter), 2013-2023F

Figure 3: India per Capita Energy Consumption, 2012-2017 (Mega Joule)

Figure 4: India Solar Energy Cumulative Installed Capacity (GW), By Type, 2013-2018E

Figure 5: India Primary Energy Consumption, By Fuel, 2017 & 2023F

Figure 6: Foreign Tourist Arrivals (Million) & Number of Domestic Tourist Visits (Billion) in India, 2010-2016

Figure 7: India Tourism and Hospitality Industry Market Size, By Value, 2013-2018F (USD Billion)

Figure 8: India Solar Water Heater Market Share, By Technology, By Value, 2013-2023F

Figure 9: India Solar Water Heater Market Share, By Technology, By Volume, 2013-2023F

Figure 10: India Solar Water Heater Market Share, By Collector Type, By Value, 2013-2023F

Figure 11: India Solar Water Heater Market Share, By End Use, By Value, 2013-2023F

Figure 12: India Solar Water Heater Market Share, By Region, By Value, 2017 & 2023F

Figure 13: India Solar Water Heater Market Share, By Region, By Value, 2013-2023F

Figure 14: India Solar Water Heater Market Share, By Company, By Value, 2017 & 2023F

Figure 15: India Solar Water Heater Market Attractiveness Index, By Technology, By Value, 2018E-2023F

Figure 16: India Solar Water Heater Market Attractiveness Index, By Collector Type, By Value, 2018E-2023F

Figure 17: India Solar Water Heater Market Attractiveness Index, By Region, By Value, 2018E-2023F

Figure 18: India Active Solar Water Heater Market Size, By Value (USD Billion), By Volume (Thousand Square Meter), 2013-2023F

Figure 19: India Total Investment in Infrastructure, By Value, 10th to 12th Five Year Plan (USD Billion)

Figure 20: Consolidated Commercial Space Demand in 8 Indian Major Cities*, 2012-2016 (Million Square Feet)

Figure 21: India Active Solar Water Heater Market Share, By Type, By Value, 2013-2023F

Figure 22: India Active Solar Water Heater Market Share, By Collector Type, By Value, 2013-2023F

Figure 23: India Active Solar Water Heater Market Share, By End Use, By Value, 2013-2023F

Figure 24: India Passive Solar Water Heater Market Size, By Value (USD Million), By Volume (Thousand Square Meter), 2013-2023F

Figure 25: India Green Building Projects, By Volume, 2014-2018F (Number of Projects)

Figure 26: India Residential Spaces Demand, By Leading City, 2013-2017 (‘000 Units)

Figure 27: India Passive Solar Water Heater Market Share, By Type, By Value, 2013-2023F

Figure 28: India Passive Solar Water Heater Market Share, By Collector Type, By Value, 2013-2023F

Figure 29: India Passive Solar Water Heater Market Share, By End Use, By Value, 2013-2023F

Figure 30: India Solar Water Heater Imports, By Value (USD Million) & Volume (Thousand Unit), FY2014-FY2018* (HS Code: 85437092)

Figure 31: India Solar Water Heater Exports, By Value (USD Million) & Volume (Thousand Unit), FY2014-FY2018* (HS Code: 85437092)

Figure 32: India Solar Water Heater Imports, By Value (USD Million) & Volume (Thousand Unit), FY2014-FY2018* (HS Code: 84191910)

Figure 33: India Solar Water Heater Exports, By Value (USD Million) & Volume (Thousand Unit), FY2014-FY2018* (HS Code: 84191910)

Figure 34: India Solar Water Heater Imports, By Value (USD Million) & Volume (Thousand Unit), FY2014-FY2018* (HS Code: 84199010)

Figure 35: India Solar Water Heater Exports, By Value (USD Million) & Volume (Thousand Unit), FY2014-FY2018* (HS Code: 84199010)

List of Tables

Table 1: List of Indian Cities with Maximum High Rise Buildings, 2017

Table 2: Number of Proposed Smart Cities in India, By State (as of June 2017)

Frequently asked questions

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Parvati Sharma

Account Manager BD

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Press Release

V-Guard Industries to Dominate India Solar Water Heater Market through 2023

Jun, 2018

Subsidies provided by various state governments for installing solar water heaters coupled with rising consumer awareness to fuel India solar water heater market through 2023

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

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