Solar Water Heater Market Size In India

India solar water heater market is forecast to surpass 180 million by 2023.

Solar water heater market size in india.

In solar water. Growth in the market is led by increasing number of new residential units and other construction activities coupled with rising per capita disposable income. India solar energy cumulative installed capacity gw by type 2013 2018e. India solar water heater market size by value usd million by volume thousand square meter 2013 2023f figure 3.

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. 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. India solar water heating market is growing at a rate of 4 1 annually covering 34 1 buildings connected with solar water heaters. Storage by distribution channel exclusive brand outlets multi branded electronic stores non store based retailing competition forecast opportunities.

Solar water heater market size in 2018 was valued over usd 1 billion and the annual installation is projected to exceed 3 million units by 2025. India per capita energy consumption 2012 2017 mega joule figure 4. India water heater market size share water heater market outlook trend analysis 2023 by type electric solar and gas by instant vs. Covered in this asia pacific solar water heater market report the report covers the present ground scenario and the future growth prospects of the solar water heater market for 2017 2030 along with the asia.

The market of solar water heater has been on an increasing trend since 2012 as india is participating in the undp s programme to increase the solar water heater market globally.