Solar Water Heater Market in India

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Solar Water Heater Market in India
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Summary
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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. 
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Solar Water Heater Market in India
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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. 
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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.
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Table of Content

• Executive Summary
• Global Solar Water Heater Market Outlook
• India Solar Water Heater Market Outlook
• Pricing Analysis
• India Economic Snapshot
• Raw Material
• Policy Regulatory Landscape
• PEST Analysis
• Water Heater Trade Dynamics
• Channel Partner Analysis
• India Solar Water Heater Market Dynamics
• Market Trends Developments

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Full Report
Solar Water Heater Market in India
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