Water heater market size in India FY 2022-2028

Published by
Shangliao Sun,
Sep 18, 2024
In financial year 2022, the water heater market in India was valued at 282.3 million U.S. dollars. It was estimated that with a CAGR of 7.16 percent, the market size will reach 422.8 million dollars in 2028. More than half of the demand for water heaters come from smaller cities.

Market size of water heater in India in financial year 2022 with forecast of 2028 (in million U.S. dollars)

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Release date

August 2022

Region

India

Survey time period

FY 2022

Supplementary notes

*forecast

India's financial year begins in April and ends in March. For example, FY 2021 started in April 2020 and ended in March 2021.

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Overview

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Segments

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Brands and market

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Major players

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Consumption of smart home devices

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