London, 13 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Solar Water Heater Market in India 2014-2018, which is expected to grow at a CAGR of 34.6 percent over the forecast period.
Solar water heaters are more cost-effective compared to conventional water heaters and also reduce dependence on fossil fuels.
About the Report
The latest report by TechNavio focuses on the growing demand for solar water heaters from hotels, restaurants, hospitals and small clinics or dispensaries, which traditionally used either electric water heaters or LPG for heating water. The report also emphasizes the growing demand for hybrid water heaters that combine features of solar and traditional heather in order to overcome the drawbacks of purely solar heathers.
“Hybrid water heaters are more energy efficient as compared to conventional water heaters and are more effective. Advanced solar water heaters come packed with thermo-physical properties and therefore their heat transfer rate is much higher than the heat pipe in the conventional solar water heater. These days, manufacturers are also focusing on fulfilling end-users’ expectations by continuously investing in R&D activities,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Growing Demand for Hot Water from Hotels and Hospitals
- For a full detailed list, view our report.
Market Challenges:
- Lack of Awareness of SWHs
- For a full detailed list, view our report.
Market Trends:
- Growing Demand for Hybrid Water Heaters
- For a full detailed list, view our report.
Key Vendors:
- Azure Power India Pvt. Ltd.
- Chemtrols Solar Private Limited
- Emmvee Solar Systems Pvt. Ltd.
Other Prominent Vendors:
- Indosolar
- Jupiter Solar Power
- Lanco Solar Private
- Mahindra Solar One
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
