The India electric water heater market is expected to grow at a CAGR of around 7.6% during 2023-2030. This report on India electric water heater market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the India electric water heater market by segmenting the market based on product type, capacity, distribution channel, end user, and region. Also, detailed profiles of companies operating in the electric water heater market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Improving Electrification Rates along with Growing Accessibility
• Availability of Wide-Ranging Capacity Systems
Market Challenges
• High Installation Cost
• Availability of Counterparts
Historical & Forecast Period
Base Year: 2022
Historical Period: 2018-2022
Forecast Period: 2023-2030
Market by Product Type
• Tank
• Tankless
Market by Capacity
• Less Than 100 Liters
• 100 to 400 Liters
• More Than 400 Liters
Market by Distribution Channel
• Online
• Offline
Market by End User
• Residential
• Commercial
• Industrial
Market by Region
• North India
• West and Central India
• South India
• East India