10 %
India Solar Water Heater Market Outlook, 2021
Publisher : Bonafide Research | SKU : 160730061 | Pages : 100 |
Published Date : Jul, 16 | Figures : 18 | Tables : 23
Region : Asia | Country : India | Category: Energy & Utility
Solar Water Heaters from nervous rapids to raging rivers: Bonafide Rssesearch
India Solar Water Heater Market Outlook, 2021
10 %
Bonafide Research | SKU : 160730061
Pages : 100 | Jul, 16 | Region : Asia
Figures : 18 | Tables : 23
Category: Energy & Utility
Solar Water Heaters from nervous rapids to raging rivers: Bonafide Rssesearch

This report gives an in-depth analysis of solar water heater industry in India. The solar water heaters industry is filled with large numbers of un-organized as well as organized manufacturers. The market has shown immense growth potential resulting into the continuous improvement in the products by the organized as well as un-organized segment. The un-established business units enjoy more than half of the solar water heater market share, as they are able to offers the products at highly competitive price, which is almost half the price from organized segment. The major organized players in the segment are Emmvee, Anu Solar, Tata Solar, Racold, and V-Guard, which have significant share in the market, but the lions share in the segment is acquired by huge un-organized segment in the country.

The solar segment of the water heater market is firmly in the hands of Un-organized manufacturers or local manufacturers, reason being cheaper Chinese imports. The un-organized players takes the benefit of the price sensitive customers as the basic models they have to offer in the solar segment costs roughly around INR 8500 that is almost half the price as compared to the branded one that goes up to INR 15000. The established players in the segment are Emmvee, Anu Solar, Tata BP and V-Guard, which has little share in the market as compared to the local manufacturers. The electric water heaters is the dominant market as it comes with low ownership cost and lower maintenance, Solar waters have started picking up slowly due to the continuous efforts from the Government and increased awareness amongst the customers to opt for environment friendly products.

The solar water heaters are the driving technology in the water heater industry. With the depleting non-renewable in the world, the authorities are pushing the consumers to go solar. The government is also trying to convert the already installed water heaters to be converted to solar type water heaters. As the population is increasing, so is the demand for power leading to the consumption of more electricity. With the depletion of existing non-renewable, the renewable energy comes out to be the only solution. Therefore, it is expected that the market for the solar water heaters will lead the water heater market globally. The only factor that dents the solar segment is high cost of ownership from the organized market and lower quality from the un-organized market that in turn increases the maintenance cost. With innovations going in the industry, it will offer the bunch of products that will be able to cater the needs of the customers.

Key Product Type

• Flat Plate Collector

• Evacuated Tube Collector

"India Solar Water Heater Market Outlook, 2021" discusses the following aspects of solar water heaters in India:

The report gives an in-depth understanding of water heaters in India:

- Global Solar Water Heater Market Outlook

- Global Solar Water Heater Market Size & Forecast

- Global Solar Water Heater Cumulative Capacity & Forecast

- Global Solar Water Heater New Installed Capacity & Forecast

- Global Solar Water Heater New Installed Region-wise Capacity & Forecast

- Global Solar Water Heater Segmental Analysis: By Region, By Collector Type

- India Solar Water Heater Market Outlook

- India Solar Water Heater Market Size & Forecast (Value & Volume)

- India Solar Water Heater Segmental Analysis: By Collector Type, By Collector Area, By State-wise Installation

- India ETC Solar Water Heater Market Size & Forecast (Value & Volume)

- India ETC Solar Water Heater Segmental Analysis: By End-user, By Capacity in Residential Market, By Capacity in Institutional & Industrial Market

- India FPC Solar Water Heater Market Size & Forecast (Value & Volume)

India FPC Solar Water Heater Segmental Analysis: By End-user, By Capacity in Residential Market, By Capacity in Institutional & Industrial Market

- Pricing Analysis of ETC & FPC type Solar Water Heaters

- The key vendors in this market space

- Competitive Landscape & Strategic Recommendations

This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Report Methodology

The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of solar water heaters in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

  • TABLE OF CONTENTS
  • 1. Executive Summary
  • 2. Global Solar Water Heater Market Outlook
  • 2.1. Market Size By Value
  • 2.2. Market Size By Capacity
  • 2.2.1. Total Cumulative Capacity
  • 2.2.2. Total New Installed Capacity
  • 2.2.3. New Installed Capacity By Region
  • 2.3. Market Share
  • 2.3.1. By Region
  • 2.3.2. By Collector Type
  • 3. India Solar Water Heater Market Outlook
  • 3.1. Market Size By Value
  • 3.2. Market Size By Volume
  • 3.3. Market Share
  • 3.3.1. By Collector Type
  • 3.3.2. By Collector Area
  • 3.3.3. By State-wise Installation
  • 3.4. India ETC Solar Water Heater Market Outlook
  • 3.4.1. Market Size By Value
  • 3.4.2. Market Size By Volume
  • 3.4.3. Market Share
  • 3.4.3.1. By End User
  • 3.4.3.2. By Capacity in Residential Market
  • 3.4.3.3. By Capacity in Institutional & Industrial Market
  • 3.5. India FPC Solar Water Heater Market Outlook
  • 3.5.1. Market Size By Value
  • 3.5.2. Market Size By Volume
  • 3.5.3. Market Share
  • 3.5.3.1. By End User
  • 3.5.3.2. By Capacity in Residential Market
  • 3.5.3.3. By Capacity in Institutional & Industrial Market
  • 4. Pricing Analysis
  • 5. India Economic Snapshot
  • 6. Raw Material
  • 7. Policy & Regulatory Landscape
  • 8. PEST Analysis
  • 9. Water Heater Trade Dynamics
  • 9.1. Import
  • 9.2. Export
  • 10. Channel Partner Analysis
  • 11. India Solar Water Heater Market Dynamics
  • 11.1. Key Drivers
  • 11.2. Key Challenges
  • 12. Market Trends & Developments
  • 12.1. New Technology Hybrid Water Heaters
  • 12.2. Awareness Among Consumers to Save Resources
  • 12.3. Solar Water Heater Market Moving Towards Consolidation
  • 12.4. Players Opting for Localized Manufacturing
  • 12.5. From Nervous Rapids to Raging River
  • 13. Competitive Landscape
  • 13.1. Porters Five Forces
  • 13.2. Company Profiles
  • 13.2.1. EMMVEE Solar Systems Pvt. Ltd.
  • 13.2.2. TATA Power Solar Systems
  • 13.2.3. Anu Solar Power Private Limited
  • 13.2.4. V-Guard Industries Ltd.
  • 13.2.5. Racold Thermo Pvt. Ltd.
  • 13.2.6. Vikram Solar Private Limited
  • 13.2.7. Bosch Limited
  • 13.2.8. Chemtrols Solar Private Limited
  • 13.2.9. Supreme Solar Systems
  • 14. Strategic Recommendations
  • 15. Disclaimer

LIST OF FIGURES
Figure-1: Global Solar Water Heater Market Size - By Value 2010-2015 (USD Billion)
Figure-2: Global Solar Water Heater Market Size Forecast - By Value 2016F-2021F (USD Billion)
Figure-3: Global Solar Water Heater Market Size - By Cumulative Capacity 2010-2015 (GW)
Figure-4: Global Solar Water Heater Market Size - By New Installed Capacity 2010-2015 (GW)
Figure-5: Global Solar Water Heater Market Size Forecast - By New Installed Capacity 2016F-2021F (GW)
Figure-6: Global Solar Water Heater Market Share - By Region By New Installed Capacity 2015 & 2021F
Figure-7: Global Solar Water Heater Market Share - By Collector Type By New Installed Capacity 2015 & 2021F
Figure-8: India Solar Water Heater Market Size - By Value 2010-2015 (INR Crore)
Figure-9: India Solar Water Heater Market Size Forecast - By Value 2016F-2021F (INR Crore)
Figure-10: India Solar Water Heater Market Size - By Volume 2010-2021F (Units in Thousands)
Figure-11: India Solar Water Heater Market Share - By Collector Type 2015 & 2021F
Figure-12: India Solar Water Heater Market Share - By Collector Area 2015 & 2021F
Figure-13: India Solar Water Heater Market Share - By State-Wise Installation 2015 & 2021F
Figure-14: India ETC Solar Water Heater Market Size - By Value 2010-2021F (INR Crore)
Figure-15: India ETC Solar Water Heater Market Size - By Volume 2010-2021F (Units in Thousands)
Figure-16: India ETC Solar Water Heater Market Share - By End User 2015 & 2021F
Figure-17: India ETC Solar Water Heater Market Share - By Capacity in Residential Market 2015 & 2021F
Figure-18: India ETC Solar Water Heater Market Share - By Capacity in Institutional & Industrial Market 2015 & 2021F
Figure-19: India FPC Solar Water Heater Market Size - By Value 2010-2021F (INR Crore)
Figure-20: India FPC Solar Water Heater Market Size - By Volume 2010-2021F (Units)
Figure-21: India FPC Solar Water Heater Market Share - By End User 2015 & 2021F
Figure-22: India FPC Solar Water Heater Market Share - By Capacity in Residential Market 2015 & 2021F
Figure-23: India FPC Solar Water Heater Market Share - By Capacity in Institutional & Industrial Market 2015 & 2021F
Figure-24: Distribution Channel Followed By Solar Water Heater Manufacturers in India

LIST OF TABLES
Table-1: Possible Savings of Electricity by Region
Table-2: Capacity & Collector Wise Cost of ETC & FPC Solar Water Heaters
Table-3: Pricing Trend of ETC Type Solar Water Heaters 2015 – 2021F (INR)
Table-4: Pricing Trend of FPC Type Solar Water Heaters 2015 – 2021F (INR)
Table-5: India Economic Snapshot – 2014
Table-6: Import of Various Water Heaters in India 2010-11 to 2015-16 (Value & Volume)
Table-7: Duties for Importing Water Heaters in India
Table-8: Export of Various Water Heaters From India 2010-11 to 2015-16 (Value & Volume)
Table-9: Key Facts of EMMVEE Solar Systems Pvt. Ltd
Table-10: Key Facts of Tata Power Systems
Table-11: Key Facts of Anu Solar Power Pvt. Ltd
Table-12: Key Facts of V- Guard Industries Ltd
Table-13: Key Facts of Racold Thermo Pvt. Ltd
Table-14: Key Facts of Vikram Solar Private Limited
Table-15: Key Facts of Bosch India
Table-16: Key Facts of Chemtrols Solar private Limited
Table-17: Key Facts of Supreme Solar

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