Press release
India Electric Water Heater Market Is Expected To Reach US$ 432.2 Million by 2028 - IMARC Group
India Electric Water Heater Market
Industry Definition and Application:
Electric water heater represents specialized systems that heat water utilizing high-voltage and vertically positioned electric heating rods. They are of various types, including normal plate heaters, immersion heaters, geyser water heaters, etc. These electric water heater systems are made using stainless steel and have a glass-based liner, glass-based coating, or enamel that protects the interior surface and provides a longer shelf life. They are easy to install and extremely cost-effective compared to gas-powered water heaters. Consequently, they find extensive applications across residential, commercial, and industrial establishments across India.
India Electric Water Heater Market Trends:
The rising adoption of personal electric water heating systems for hygiene purposes and the escalating changes in the architectural designs of residential buildings are among the key factors driving the India electric water heater market. In addition to this, the inflating demand for premium homeware products among the masses and the expanding solar water heating industry are further stimulating the market across the country. Apart from this, the introduction of new product variants with advanced features that offer corrosion resistance, smart control and monitoring systems, and a limited chance of dry firing is also positively influencing the market growth. Moreover, the elevating focus of leading market players on enhancing product design and aesthetics and the increasing entrance of international manufacturers in the market are acting as significant growth-inducing factors. Besides this, the growing product availability through multiple online retail channels and the shifting consumer preferences toward instant water heating solutions are anticipated to bolster the India electric water heater market over the forecasted period.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/india-electric-water-heater-market/requestsample
India Electric Water Heater Market 2023-2028 Analysis and Segmentation:
The report has segmented the market on the basis on region, product type, capacity, distribution channel, end user.
Breakup by Product Type:
Tank
Tankless
Breakup by Capacity:
Less Than 100 Liters
100 to 400 Liters
More Than 400 Liters
Breakup by Distribution Channel:
Online
Offline
Breakup by End-User:
Residential
Commercial
Industrial
Breakup by Region:
North India
West and Central India
South India
East India
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/india-electric-water-heater-market
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023 - 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group
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Website: https://www.imarcgroup.com
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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