Solar Water Heater Market Size In India

India solar water heater market is forecast to surpass 180 million by 2023. India solar water heater market size by value usd million by volume thousand square meter 2013 2023f figure 3. Growth in the market is led by increasing number of new residential units and other construction activities coupled with rising per capita disposable income.

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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.

Solar water heater market size in india.

This can be attributed to increasing energy prices growing global population and rising demand for energy efficient water heaters. Solar water heater market size in 2018 was valued over usd 1 billion and the annual installation is projected to exceed 3 million units by 2025. The solar water heaters market size was valued at usd 2 05 billion in 2016 and is predicted to exhibit a cagr of 8 1 by 2025. Covered in this asia pacific solar water heater market report the report covers the present ground scenario and the future growth prospects of the solar water heater market for 2017 2030 along with the asia.

Storage by distribution channel exclusive brand outlets multi branded electronic stores non store based retailing competition forecast opportunities. In solar water. Get more details on this report request free sample pdf surging demand for ecofriendly reliable and cost effective technology for water heating solutions across residential and non residential establishments will drive the global. India solar water heating market is growing at a rate of 4 1 annually covering 34 1 buildings connected with solar water heaters.

India per capita energy consumption 2012 2017 mega joule figure 4. According to india water heater market by type by instant vs storage by distribution channel competition forecast opportunities 2013 2023 water heater market projected to surpass 600 million by 2023. India solar energy cumulative installed capacity gw by type 2013 2018e. The market of solar water heater has been on an increasing trend since 2012 as india is participating in the undp s programme to increase the solar water heater market globally.

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