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Solar water heater market size in india. In solar water. The number of solar water heating systems is projected to grow at a cagr of about 22 between 2011 and 20. India solar water heating market is growing at a rate of 4 1 annually covering 34 1 buildings connected with solar water heaters. Goldstein research s latest research report will help you evaluate global solar water heater market in terms of size revenue share sales demand.
India solar water heater market is forecast to surpass 180 million by 2023. India consumes 3 7 of the world s commercial energy making it has the 5th largest consumer of energy globally. According to him only 20 of households in india use branded water heaters. India water heater market size share water heater market outlook trend analysis 2023 by type electric solar and gas by instant vs.
Percentage in world market. This can be attributed to increasing energy prices growing global population and rising demand for energy efficient water heaters. It also contains market dynamics trends growth drivers challenges swot analysis company profiling business strategies of market players and their business models to provide competitive advantage. Growth in the market is led by increasing number of new residential units and other construction activities coupled with rising per capita disposable income.
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. India solar water heater market size by value usd million by volume thousand square meter 2013 2023f figure 3. India per capita energy consumption 2012 2017 mega joule figure 4. India solar energy cumulative installed capacity gw by type 2013 2018e.
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. Currently racold has one third share of the organised water heating solutions market which is estimated to be about.
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