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Market Research Report

India Heating 2018

Published by BRG Building Solutions Product code 350217
Published Content info 99 Pages
Delivery time: 1-2 business days
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India Heating 2018
Published: May 31, 2018 Content info: 99 Pages

Report Overview:

This report provides an in-depth analysis of the Indian heating market including the monitoring of recent trend patterns and demand drivers, plus substantiated volume forecasts for the next 5 years.

Market Overview:

The financial year 2017-18 started out strong with a rather subdued growth of 6.3% during first half of the fiscal year. July 1st, 2017 saw the introduction of Goods and Services Tax into the Indian economy. Apart from reducing the tax burden on manufacturers and extending the tax base, GST would also help bring in the informal, unorganised sector into the formal economy. The winter season during the fourth quarter of the year accounts for the majority of water heater sales in India. In 2017 the market displayed a decent growth, on path to recovery from the effects of demonetization in 2016. Electric water heaters showed better growth in comparison to 2016 while gas water heater market continued to remain stagnant.

Thermosyphon sales increased marginally as the government made it mandatory to install solar water heaters in new buildings, thus driving growth in southern India. Solar water heaters are gradually becoming more affordable and rising awareness among the population about environmental effects and cost benefits of saving electricity has generated more demand. Increased demand from semi-urban and rural regions has also benefited sales during this period.

Sales for Room Air Conditioners gained momentum only in the second half of 2017 and accelerated during the last quarter of the year with inverter ACs gaining traction in sales. The market continues to display considerable growth, largely driven by the low but increasing penetration of air-conditioners due to rising income levels in India. The market for commercial ACs saw a slower growth in 2017 due to subdued commercial construction in the Tier 1 cities. However, the sales in the Tier 2 to Tier 4 cities (which currently still account for a small share in sales) continued to grow at a good pace, benefiting the overall market development.

Product Coverage:

This report focuses on the following product categories:

Core heating technologies:

  • Water Heaters

Renewable heating technologies:

  • Solar thermal.

Air Conditioners

Key Data Points:

  • Historical volume trends (2002-2017) and forecasts (2018-2022)
  • Analysis of key market drivers and an understanding of the main influences affecting the future market outlook
  • Market values and average prices (2016 and 2017) at manufacturer selling price (MSP) level
  • End use sector segmentation (e.g. new housing, RMI, non housing)
  • Technical segmentation and product category breakdowns
  • Volume market shares per brand/company
  • Distribution analysis including routes to market flow diagrams
Table of Contents

Table of Contents

Background: India - Heating & Cooling

  • A.0. IN - Background
  • A.1. Background: Overview
    • A.2.1. Climate
    • A.2.2. Key Demographic Figures
  • A.3. Macroeconomic Trends and Forecasts
  • A.4. Historical & Current Exchange Rates
  • A.5. New Dwelling Construction
  • A.6. Dwelling Stock by Type and Tenure

The Indian Distribution Sector - Heating

  • B.0. IN - Distribution
  • B.1. Distribution: Structural Overview

The Indian Water Heater Market

  • 1.0. IN - Water Heaters
  • 1.1. Market Sector Overview: Water Heaters
  • 1.2. Historical Trends and Forecasts: Water Heaters
  • 1.3. Prices and Market Values: Water Heaters
    • 1.4.1. End Use: Base Year
    • 1.4.2. End Use: Historical and Forecasts
    • 1.4.3. Sales by Type: Water Heaters
    • 1.4.4. Sales by Storage Capacity: Water Heaters
    • 1.4.5. Sales by Storage Capacity: Electric Storage
    • 1.5.1. Market Shares: Electric Instantaneous
    • 1.5.2. Market Shares: Electric Storage
    • 1.5.3. Market Shares: Gas Instantaneous
    • 1.5.4. Market Shares: Thermosyphon
      • 1.6.1/2. Imports & Exports: Ind. Cylinders & Gas Storage
      • 1.6.3/4. Imports & Exports: Gas Instantaneous
      • 1.6.5/6. Imports & Exports: Electric Instantaneous
      • 1.7.1/2. Distribution Flow: Water Heaters

The Indian Solar Thermal Market

  • 2.0. IN - Solar Thermal
  • 2.1. Market Sector Overview: Solar Thermal
    • 2.2.1. Historical Trends and Forecasts: Solar Collectors
    • 2.2.2. Historical Trends and Forecasts: Solar Cylinders
  • 2.3. Prices and Market Values: Solar Collectors
    • 2.4.1. End Use: Base Year
    • 2.4.2. End Use: Historical and Forecasts
    • 2.4.3. Solar Thermal Collectors: Type of Installation
    • 2.4.4. Solar Thermal Collectors: Type of System
    • 2.4.5. Solar Thermal Collectors: Type of Circulation
    • 2.5.1. Market Shares: Flat Plate
    • 2.5.2. Market Shares: Vacuum
      • 2.6.1/2. Distribution Flow: Solar Thermal Collectors

The Indian Air Conditioner Market

  • 3.0. IN - Air Conditioners
  • 3.1. Market Sector Overview: Air Conditioners
  • 3.2. Historical Trends and Forecasts: Air Conditioners
  • 3.3. Prices and Market Values: Air Conditioners
    • 3.4.1. End Use: Base Year
    • 3.4.2. End Use: Historical and Forecasts
    • 3.4.3. Sales by Cooling Capacity: Air Conditioners
    • 3.4.4. Sales by Cooling Type: Chillers
    • 3.4.5. Sales by Cooling Type: Packaged ACs
    • 3.4.6. Sales by Installation Type: Packaged ACs
    • 3.4.7. Sales by System Type: Packaged ACs
    • 3.4.8. Sales by Cooling Type: VRF Systems
    • 3.4.9. Sales by Sector: VRF Systems
    • 3.4.10. Sales by System Type: VRF Systems
    • 3.4.11. Sales by Compressor Technology: Mini-Splits
    • 3.4.12. Sales by System Type: Mini-Splits
    • 3.5.1. Market Shares: Air Handling Units
    • 3.5.2. Market Shares: Chillers
    • 3.5.3. Market Shares: Packaged ACs
    • 3.5.4. Market Shares: VRFs Systems (Commercial)
    • 3.5.5. Market Shares: VRF Systems (Residential)
    • 3.5.6. Market Shares: Mini-Splits (Multi)
    • 3.5.7. Market Shares: Mini-Splits (Single)
    • 3.5.8. Market Shares: Window ACs
      • 3.6.1/2. Distribution Flow: Room Air Conditioners
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