India Commercial Water Heater Market (2025-2031) Outlook | Forecast, Analysis, Share, Value, Growth, Revenue, Size, Industry, Trends & Companies
Market Forecast By Type (Electric, Oil, Gas, Solar, Hybrid, Heat Pump, Others), By Capacity (Up to 10kW, 10‒50kW, 50‒150kW, 150‒300kW, Above 300kW), By Liter (Below 500 Liters, 500‒1,000 Liters, 1,000‒3,000 Liters, 3,000‒4,000 Liters, Above 4,000 Liters) And Competitive Landscape
| Product Code: ETC375624 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
India Commercial Water Heater Market Size Growth Rate
The India Commercial Water Heater Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 16.34% in 2027, following an initial rate of 15.44%, before easing to 15.47% at the end of the period.
India Commercial Water Heater Market Synopsis
The commercial water heater market size stood at USD 2 billion and is anticipated to grow over owing primarily due to growing awareness regarding benefits associated with these products along high utility rate which has surged demand amongst large scale businesses operating across hospitality sector including hotels & restaurants as well as corporate offices located all through country allowing them save considerable amount on their electricity bills while providing hot water supply whenever needed on regular basis .Additionally ,favorable initiatives taken up by central government such as Make In India campaign aimed at stimulating domestic manufacturing sector could act out positively onto overall industry trends over upcoming timeframe thus leading it toward progress significantly.
Market Drivers of the market
The commercial water heater market in India has witnessed remarkable expansion driven by various factors. The hospitality sector`s growth, including restaurants and hotels, has necessitated the installation of efficient water heating systems. Moreover, the increasing adoption of commercial water heaters in industries like healthcare, food processing, and manufacturing has positively influenced market growth. Government regulations mandating energy-efficient appliances have also played a crucial role in encouraging the uptake of energy-saving water heaters in commercial settings.
Challenges of the Market
In the India commercial water heater market, one of the significant challenges is the rising energy costs. Businesses seek more energy-efficient water heaters to cut operational expenses, driving manufacturers to innovate and offer technologically advanced solutions. Additionally, quality control and after-sales service become crucial to gain customer trust and maintain a competitive edge.
Covid-19 Impact on the Market
The COVID-19 pandemic had notable consequences for the commercial water heater market in India. With many businesses and commercial establishments temporarily shut down or operating at reduced capacities, the demand for water heaters decreased. The prolonged lockdowns and restrictions on construction activities hampered new installations, affecting the overall market growth.
Key Players of the Market
Thecommercial water heater market in India had prominent companies like Racold Thermo Ltd (a subsidiary of Ariston Thermo Group), AO Smith India Water Products Pvt. Ltd, Bajaj Electricals Ltd, and Havells India Ltd are among the major players. These companies manufacture and supply commercial water heaters with different capacities and energy-saving features to meet the demands of the commercial sector.
Key Highlights of the Report:
- India Commercial Water Heater Market Outlook
- Market Size of India Commercial Water Heater Market, 2024
- Forecast of India Commercial Water Heater Market, 2031
- Historical Data and Forecast of India Commercial Water Heater Revenues & Volume for the Period 2021-2031
- India Commercial Water Heater Market Trend Evolution
- India Commercial Water Heater Market Drivers and Challenges
- India Commercial Water Heater Price Trends
- India Commercial Water Heater Porter's Five Forces
- India Commercial Water Heater Industry Life Cycle
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By Electric for the Period 2021-2031
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By Oil for the Period 2021-2031
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By Gas for the Period 2021-2031
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By Solar for the Period 2021-2031
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By Hybrid for the Period 2021-2031
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By Heat Pump for the Period 2021-2031
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By Capacity for the Period 2021-2031
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By Up to 10kW for the Period 2021-2031
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By 10�50kW for the Period 2021-2031
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By 50�150kW for the Period 2021-2031
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By 150�300kW for the Period 2021-2031
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By Above 300kW for the Period 2021-2031
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By Liter for the Period 2021-2031
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By Below 500 Liters for the Period 2021-2031
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By 500�1,000 Liters for the Period 2021-2031
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By 1,000�3,000 Liters for the Period 2021-2031
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By 3,000�4,000 Liters for the Period 2021-2031
- Historical Data and Forecast of India Commercial Water Heater Market Revenues & Volume By Above 4,000 Liters for the Period 2021-2031
- India Commercial Water Heater Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Capacity
- Market Opportunity Assessment By Liter
- India Commercial Water Heater Top Companies Market Share
- India Commercial Water Heater Competitive Benchmarking By Technical and Operational Parameters
- India Commercial Water Heater Company Profiles
- India Commercial Water Heater Key Strategic Recommendations
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