Electric Water Heaters Market Report in India
DELHI, DELHI, INDIA, Sept. 29, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report titled “India Electric Water Heater Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027, “The Indian electric water heater market is expected to register a CAGR of 8.60% between 2022 and 2027.
An electric water heater is a device for heating water for bathing, cleaning and cooking. It includes various temperature settings, a thermostatic switch and a nichrome coil to effectively heat the water stored in the tank. It is available with an electrically insulated body to ensure user safety and offers various capacities to hold water for heating. It reduces the effects of hard water in the tank while controlling excessive water pressure in high-rise buildings and preventing the tank from collapsing. It is used to sterilize tools and equipment, clean surfaces and wash medical clothing in hospitals, clinics and nursing homes. It is used to prepare basic solutions, emulsions and solvents in the chemical industry. It helps to clean various food products prior to packaging and processing in the food and beverage (F&B) industry. An electric water heater helps clean cars by dissolving and removing dirt, dust, and grime that adheres to the exterior surfaces and tires of vehicles. As a result, it finds extensive applications in the pharmaceutical, hospitality and agricultural industries.
As the novel coronavirus (COVID-19) crisis sweeps the world, we continuously monitor the changes in the markets as well as the industry behavior of consumers worldwide and our estimates on the latest market trends and forecasts are made after considering the impact of this pandemic.
Electric Water Heater Market Trends in India:
The increasing demand for electric water heaters during the winter season is one of the key factors driving the market in India. Also, usage of these water heaters is increasing as they are convenient, easy to use and safe. This, coupled with the increasing adoption of instantaneous water heaters due to their cost-effectiveness, is driving the growth of the market. In addition, the wide availability of electric water heaters via online and offline sales channels and the burgeoning e-commerce industry are positively affecting the market. Apart from this, the increasing demand for electric water heaters in malls, hotels and restaurants in the country is contributing to the growth of the market. In addition, the increasing use of instantaneous water heaters for spontaneous water heating and low standby heat losses in various industries offers favorable market prospects. Furthermore, the increasing application of electric water heaters in the residential sector for heating water for bathing, washing hands, cleaning kitchen utensils and doing laundry is fueling the growth of the market in India. In addition, key market players are investing extensively in research and development (R&D) activities to introduce improved electric water heaters with energy-efficient features, intelligent control, and corrosion resistance with minimal running costs. They also focus on mergers and acquisitions (M&A) to improve the production process and improve customer satisfaction, which is expected to fuel the growth of the market.
Request a Free Sample Report: https://www.imarcgroup.com/india-electric-water-heater-market/requestsample
Analysis and Segmentation of Indian Electric Water Heater Market 2022-2027:
The report has segmented the market by region, product type, capacity, distribution channel, and end-user.
Breakdown by product type:
tank
tankless
Allocation by capacity:
Less than 100 liters
100 to 400 liters
More than 400 liters
Breakdown by sales channel:
On-line
Offline
Separation by end user:
residential
Commercially
Industrial
Breakdown by region:
north india
West and Central India
south india
east indies
Ask the analyst for adjustments and see the full report with TOC and list of figures: https://bit.ly/3SDKDfl
Key highlights of the report:
Market performance (2016-2021)
Market Outlook (2022-2027)
Porter’s Five Forces Analysis
Market drivers and success factors
SWOT analysis
value chain
Comprehensive mapping of the competitive landscape
If you require specific information that is not currently in the scope of the report, we can provide it to you as part of the customization.
If you want the latest primary and secondary data (2022-2027) with cost module, business strategy, sales channel, etc., click “Request Free Sample Report”, the published report will be emailed to you in PDF format within 24-48 hours upon receipt Email delivered Full payment.
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about us
IMARC Group is a leading market research company providing management strategies and market research worldwide. We work with clients across sectors and geographies to identify their most valuable opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products cover key market, scientific, economic and technological developments for executives in pharmaceutical, industrial and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food & beverage, travel & tourism, nanotechnology and advanced processing methods are at the forefront of the company’s expertise.
Elena Anderson
IMARC Services Private Limited
+1 6317911145
email us here
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September 29, 2022 at 08:56 GMT
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