The Indian tankless water heater market is estimated to grow significantly during the forecast period. Moreover, increasing the installation of a solar water heating system is propelling the growth of the market in the region. The development of contemporary renewable heat in India has been uncertain, accounted for a 14% growth between 2007 and 2015. The IEA (International Energy Agency) Technology Collaboration Programme on Solar Heating and Cooling, increases the number of systems installations in India by 26% in 2017. According to the IEA, the solar thermal capacity that is mostly used for water heating projected significant growth in India. The total solar thermal capacity in India accounted for 2.8 GWth in 2010 and it is increased to 7.7 GWth in 2017. India has the sixth-largest installed capacity for solar thermal across the globe.
Get Free Sample Copy @ https://www.omrglobal.com/request-sample/indian-tankless-water-heater-market
The Indian market for the tankless water heater is further classified on the basis of product type and application. Based on the product type, the market is further classified into an electric water heater and gas water heater. The electric water heater segment is projected to have significant growth in the Indian tankless water heater market. The growing demand for tankless electric water heater in the residential and commercial sectors due to convenience and cost-effectiveness is further projected to contribute to the growth of the segmental market. On the basis of application, the market is further segregated into residential and commercial. The residential application is projected to hold a considerable share in the Indian tankless water heater market.
Browse for Full Report Description@ https://www.omrglobal.com/industry-reports/indian-tankless-water-heater-market
The companies which are contributing to the growth of the Indian tankless water heater market include Bajaj Electricals Ltd., Crompton Greaves Consumer Electricals Ltd., Haier Electronics Group Co., Ltd., Havells India Ltd., and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.
Market Segmentation
Indian Tankless Water Heater Market by Product Type
• Electric Water Heater
• Gas Water Heater
Indian Tankless Water Heater Market by Application
• Residential
• Commercial
Company Profiles
• A.O. Smith Corp.
• Bajaj Electricals Ltd.
• Crompton Greaves Consumer Electricals Ltd.
• General Electric Co.
• Haier Electronics Group Co., Ltd.
• Havells India Ltd.
• Robert Bosch GmbH
• Rheem Manufacturing Company, Inc.
• Rinnai Corp.
• Racold Thermo Pvt. Ltd.
• Venus home appliance
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/industry-reports/indian-tankless-water-heater-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [email protected]
Contact no: +91 780-304-0404