| 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 |
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.
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.
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.
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.
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.
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.
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 |