The Indian tankless water heater market is estimated to grow significantly during the forecast period. Moreover, increasing the installation of a solar water heating system is propelling the growth of the market in the region. The development of contemporary renewable heat in India has been uncertain, accounted for a 14% growth between 2007 and 2015. The IEA (International Energy Agency) Technology Collaboration Programme on Solar Heating and Cooling, increases the number of systems installations in India by 26% in 2017. According to the IEA, the solar thermal capacity that is mostly used for water heating projected significant growth in India. The total solar thermal capacity in India accounted for 2.8 GWth in 2010 and it is increased to 7.7 GWth in 2017. India has the sixth-largest installed capacity for solar thermal across the globe. 

The Indian market for the tankless water heater is further classified on the basis of product type and application. Based on the product type, the market is further classified into an electric water heater and gas water heater. The electric water heater segment is projected to have significant growth in the Indian tankless water heater market. The growing demand for tankless electric water heater in the residential and commercial sectors due to convenience and cost-effectiveness is further projected to contribute to the growth of the segmental market.   On the basis of application, the market is further segregated into residential and commercial. The residential application is projected to hold a considerable share in the Indian tankless water heater market. 

The companies which are contributing to the growth of the Indian tankless water heater market include Bajaj Electricals Ltd., Crompton Greaves Consumer Electricals Ltd., Haier Electronics Group Co., Ltd., Havells India Ltd., and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market. 

Research Methodology

The market study of the Indian tankless water heater market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for tankless water heater providers, end-user for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.

Market Segmentation

1. Indian Tankless Water Heater Market Research and Analysis by Product Type
2. Indian Tankless Water Heater Market Research and Analysis by  Application

The Report Covers

• Comprehensive research methodology of the Indian tankless water heater market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Indian tankless water heater market.
• Insights about market determinants which are stimulating the Indian tankless water heater market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.