India Commercial Water Heaters Market (2025-2031) Outlook | Analysis, Value, Industry, Trends, Growth, Companies, Forecast, Share, Size & Revenue

Market Forecast By Type (Electric, Gas, Oil, Heat Pump, Solar, Hybrid & Others), By Liter (Below 500 Liters, 500-1,000 Liters, 1,000-3,000 Liters, 3,000-4,000 Liters, Above 4,000 Liters), By Rated Capacity (Up to 10kW, 10-50kW, 50-150kW & more) And Competitive Landscape
Product Code: ETC4521325 Publication Date: Jul 2023 Product Type: Report
Publisher: 6Wresearch Author: Ravi Bhandari No. of Pages: 85 No. of Figures: 45 No. of Tables: 25

India Commercial Water Heaters Market Import Shipment Trend (2020-2024)

The India commercial water heaters market import shipments experienced a negative compound annual growth rate of -6.1% from 2020 to 2024. The growth rate declined significantly by 14.0% between 2023 and 2024, indicating a continued slowdown in market expansion with decreasing momentum over the period.

Graph Showing India commercial water heaters market Shipment Trend & Volume from 2020-2024

India Commercial Water Heaters Market Overview

The India Commercial Water Heaters market caters to the needs of businesses, industries, and commercial facilities that require a reliable source of hot water. Commercial water heaters are designed to meet higher demands for hot water compared to residential units. As the country`s commercial and industrial sectors expand, the demand for efficient and cost-effective water heating solutions is on the rise. This market encompasses a variety of technologies, including tankless water heaters and heat pump water heaters, offering a range of options for commercial customers seeking to reduce energy consumption and operating costs.

Drivers of the Market

The commercial water heaters market in India is fueled by the expanding commercial and industrial sectors, which require reliable and energy-efficient hot water solutions. Various businesses, such as hotels, restaurants, and manufacturing facilities, rely on commercial water heaters for their daily operations. With an emphasis on energy efficiency and cost savings, the market is witnessing the adoption of advanced water heating technologies. Government regulations on energy efficiency standards further contribute to the market`s growth.

Challenges of the Market

Efficiency, cost, and energy source selection are challenges faced by the commercial water heater market. Encouraging energy-efficient practices and expanding clean energy sources will play a crucial role.

COVID-19 Impact on the Market

The commercial water heaters market in India faced a challenging period during the pandemic. Many businesses and commercial establishments temporarily closed or reduced their operations, leading to decreased demand for water heating systems. Additionally, supply chain disruptions and labor shortages impacted new installations and maintenance. The market began to recover as businesses reopened and adapted to new safety protocols, but it still faced uncertainties.

Key Players in the Market

In the commercial water heaters market, companies such as Bajaj Electricals, Venus Home Appliances, and Crompton Greaves Consumer Electricals have been offering a range of efficient and high-capacity water heating solutions, catering to commercial and industrial requirements in India.

Key Highlights of the Report:

  • India Commercial Water Heaters Market Outlook
  • Market Size of India Commercial Water Heaters Market, 2024
  • Forecast of India Commercial Water Heaters Market, 2031
  • Historical Data and Forecast of India Commercial Water Heaters Revenues & Volume for the Period 2021-2031
  • India Commercial Water Heaters Market Trend Evolution
  • India Commercial Water Heaters Market Drivers and Challenges
  • India Commercial Water Heaters Price Trends
  • India Commercial Water Heaters Porter's Five Forces
  • India Commercial Water Heaters Industry Life Cycle
  • Historical Data and Forecast of India Commercial Water Heaters Market Revenues & Volume By Type for the Period 2021-2031
  • Historical Data and Forecast of India Commercial Water Heaters Market Revenues & Volume By Electric for the Period 2021-2031
  • Historical Data and Forecast of India Commercial Water Heaters Market Revenues & Volume By Gas for the Period 2021-2031
  • Historical Data and Forecast of India Commercial Water Heaters Market Revenues & Volume By Oil for the Period 2021-2031
  • Historical Data and Forecast of India Commercial Water Heaters Market Revenues & Volume By Heat Pump for the Period 2021-2031
  • Historical Data and Forecast of India Commercial Water Heaters Market Revenues & Volume By Solar for the Period 2021-2031
  • Historical Data and Forecast of India Commercial Water Heaters Market Revenues & Volume By Hybrid & Others for the Period 2021-2031
  • Historical Data and Forecast of India Commercial Water Heaters Market Revenues & Volume By Liter for the Period 2021-2031
  • Historical Data and Forecast of India Commercial Water Heaters Market Revenues & Volume By Below 500 Liters for the Period 2021-2031
  • Historical Data and Forecast of India Commercial Water Heaters Market Revenues & Volume By 500-1,000 Liters for the Period 2021-2031
  • Historical Data and Forecast of India Commercial Water Heaters Market Revenues & Volume By 1,000-3,000 Liters for the Period 2021-2031
  • Historical Data and Forecast of India Commercial Water Heaters Market Revenues & Volume By 3,000-4,000 Liters for the Period 2021-2031
  • Historical Data and Forecast of India Commercial Water Heaters Market Revenues & Volume By Above 4,000 Liters for the Period 2021-2031
  • Historical Data and Forecast of India Commercial Water Heaters Market Revenues & Volume By Rated Capacity for the Period 2021-2031
  • Historical Data and Forecast of India Commercial Water Heaters Market Revenues & Volume By Up to 10kW for the Period 2021-2031
  • Historical Data and Forecast of India Commercial Water Heaters Market Revenues & Volume By 10-50kW for the Period 2021-2031
  • Historical Data and Forecast of India Commercial Water Heaters Market Revenues & Volume By 50-150kW & more for the Period 2021-2031
  • India Commercial Water Heaters Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Liter
  • Market Opportunity Assessment By Rated Capacity
  • India Commercial Water Heaters Top Companies Market Share
  • India Commercial Water Heaters Competitive Benchmarking By Technical and Operational Parameters
  • India Commercial Water Heaters Company Profiles
  • India Commercial Water Heaters Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the India Commercial Water Heaters Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Commercial Water Heaters Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Commercial Water Heaters Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Commercial Water Heaters Market Revenues & Volume, 2021 & 2031F

3.3 India Commercial Water Heaters Market - Industry Life Cycle

3.4 India Commercial Water Heaters Market - Porter's Five Forces

3.5 India Commercial Water Heaters Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 India Commercial Water Heaters Market Revenues & Volume Share, By Liter, 2021 & 2031F

3.7 India Commercial Water Heaters Market Revenues & Volume Share, By Rated Capacity, 2021 & 2031F

4 India Commercial Water Heaters Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Growing demand for energy-efficient water heating solutions in commercial buildings

4.2.2 Increasing investments in infrastructure development in India

4.2.3 Rising adoption of smart technologies in commercial water heaters

4.3 Market Restraints

4.3.1 Fluctuating raw material prices impacting manufacturing costs

4.3.2 Intense competition from alternative water heating solutions in the market

5 India Commercial Water Heaters Market Trends

6 India Commercial Water Heaters Market, By Types

6.1 India Commercial Water Heaters Market, By Type

6.1.1 Overview and Analysis

6.1.2 India Commercial Water Heaters Market Revenues & Volume, By Type, 2021-2031F

6.1.3 India Commercial Water Heaters Market Revenues & Volume, By Electric, 2021-2031F

6.1.4 India Commercial Water Heaters Market Revenues & Volume, By Gas, 2021-2031F

6.1.5 India Commercial Water Heaters Market Revenues & Volume, By Oil, 2021-2031F

6.1.6 India Commercial Water Heaters Market Revenues & Volume, By Heat Pump, 2021-2031F

6.1.7 India Commercial Water Heaters Market Revenues & Volume, By Solar, 2021-2031F

6.1.8 India Commercial Water Heaters Market Revenues & Volume, By Hybrid & Others, 2021-2031F

6.2 India Commercial Water Heaters Market, By Liter

6.2.1 Overview and Analysis

6.2.2 India Commercial Water Heaters Market Revenues & Volume, By Below 500 Liters, 2021-2031F

6.2.3 India Commercial Water Heaters Market Revenues & Volume, By 500-1,000 Liters, 2021-2031F

6.2.4 India Commercial Water Heaters Market Revenues & Volume, By 1,000-3,000 Liters, 2021-2031F

6.2.5 India Commercial Water Heaters Market Revenues & Volume, By 3,000-4,000 Liters, 2021-2031F

6.2.6 India Commercial Water Heaters Market Revenues & Volume, By Above 4,000 Liters, 2021-2031F

6.3 India Commercial Water Heaters Market, By Rated Capacity

6.3.1 Overview and Analysis

6.3.2 India Commercial Water Heaters Market Revenues & Volume, By Up to 10kW, 2021-2031F

6.3.3 India Commercial Water Heaters Market Revenues & Volume, By 10-50kW, 2021-2031F

6.3.4 India Commercial Water Heaters Market Revenues & Volume, By 50-150kW & more, 2021-2031F

7 India Commercial Water Heaters Market Import-Export Trade Statistics

7.1 India Commercial Water Heaters Market Export to Major Countries

7.2 India Commercial Water Heaters Market Imports from Major Countries

8 India Commercial Water Heaters Market Key Performance Indicators

8.1 Energy efficiency rating of commercial water heaters

8.2 Adoption rate of smart water heating technologies in commercial buildings

8.3 Number of infrastructure projects utilizing commercial water heaters in India

9 India Commercial Water Heaters Market - Opportunity Assessment

9.1 India Commercial Water Heaters Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 India Commercial Water Heaters Market Opportunity Assessment, By Liter, 2021 & 2031F

9.3 India Commercial Water Heaters Market Opportunity Assessment, By Rated Capacity, 2021 & 2031F

10 India Commercial Water Heaters Market - Competitive Landscape

10.1 India Commercial Water Heaters Market Revenue Share, By Companies, 2024

10.2 India Commercial Water Heaters Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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