Growth of Tankless Water Heaters in India

Topic Discussed : Water Heaters Market in India, Forecast to 2023

Speaker: Manu Tiwari

Key Takeaways:

1. In India, the demand for water heaters has been increasing over the last few years on account of growth in construction activities (residential and commercial) coupled with rising per capita disposable income
2. Moreover, improving standard of living, busy lifestyles and rising demand for energy efficiency is further expected to propel growth in India electric water heaters market over the next five years
3. The overall domestic water heater market in India is around INR 2,200 Crore in which electric water heaters occupy almost 82% of the market share
4. Tankless water heaters,which occupy hardly 1% of the water heaters market in India, have emerged to be most energy efficient products. These are a premium type of instant water heaters wherein the flow of hot water is uninterrupted. Tankless Water Heaters offer numerous advanatges which include potential energy savings, efficiency and durability
5. The penetration of tankless water heaters in India is currently very low. As the associated benefits reach end users, acceptance and uptake will increase. Growth for the next 5 years is likely to be impressive (51.7%), mostly guided by the low penetration and large market size

For further insights, please join us for future podcasts and become a member of Frost & Sullivan’s Leadership Council by emailing us at: digital@frost.com or click here to Contact Us.

Related Keywords: Frost & Sullivan, Water Heaters, Tankless Water Heaters, Energy Efficiency, Venus, Stiebel, Cascade, Residential, Commercial, Instant Water Heaters

Website: www.frost.com

Hosted on Acast. See acast.com/privacy for more information.