Size Zero Technology to Elevate the Demand of Water Heaters in India: Bonafide Research
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- Date Submitted: 08/03/2016 04:39 AM
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Size zero water heaters will match aesthetic looks of modern bathrooms and will add to comforts by offering cutting edge technology coupled with energy efficiency and added safety features. This will raise the demand of water heaters in the Indian market.
The primary methods of water heating include boiling, using immersion rods, and Electric, Solar and Gas water heaters. In terms of the organized water heating, electric water heaters is dominating the market with the penetration close to 11 to 12%, solar water heating is also gaining significance in the recent times. The water heater industry is currently in the stage of growth after being freed from government restrictions of the “small scale industries” tag. Given the lower penetration in the country large players are eyeing to capture the lion share in the market. The construction sector is the one of the major market driver as many water heaters are installed in new homes. The replacement and refurbishment market is still small due to longer product replacement cycle.
The Indian water heater market has shown immense potential of growth riding upon the rising disposable income, better standard of living along with the boost in the housing industry in the country. The modern day water heaters brings in the added safety features coupled with high technological features and aesthetic looks that suits the modern styled bathrooms. Gone are the days when water heaters used to be a boring tank mounted on the wall. The innovation in the industry has given the slickest designs of the water heaters commonly known as “Size Zero”. Such innovations in the segment are elevating the demand for the water heaters. The water heaters now can also be controlled with the smart phones which add ease and comfort of use; many such innovations are on the line which will fuel the demand of water heaters in the coming times. The consumer reigns supreme with the manufacturers engaging actively with the consumer in...
The primary methods of water heating include boiling, using immersion rods, and Electric, Solar and Gas water heaters. In terms of the organized water heating, electric water heaters is dominating the market with the penetration close to 11 to 12%, solar water heating is also gaining significance in the recent times. The water heater industry is currently in the stage of growth after being freed from government restrictions of the “small scale industries” tag. Given the lower penetration in the country large players are eyeing to capture the lion share in the market. The construction sector is the one of the major market driver as many water heaters are installed in new homes. The replacement and refurbishment market is still small due to longer product replacement cycle.
The Indian water heater market has shown immense potential of growth riding upon the rising disposable income, better standard of living along with the boost in the housing industry in the country. The modern day water heaters brings in the added safety features coupled with high technological features and aesthetic looks that suits the modern styled bathrooms. Gone are the days when water heaters used to be a boring tank mounted on the wall. The innovation in the industry has given the slickest designs of the water heaters commonly known as “Size Zero”. Such innovations in the segment are elevating the demand for the water heaters. The water heaters now can also be controlled with the smart phones which add ease and comfort of use; many such innovations are on the line which will fuel the demand of water heaters in the coming times. The consumer reigns supreme with the manufacturers engaging actively with the consumer in...