Solar Water Heaters is a 120 Crore Market in India
By Narsi Santhanam • Jul 18th, 2010 • Category: Uncategorized
That I have been impressed with solar water heaters in particular, and in the applications of solar thermal in general, has already been mentioned in some of my earlier posts… (see here, here, and here).
It was thus interesting for me to read a nice article that gave data on the market size for solar water heaters in India (see this link for article): “the Rs.600 crore domestic water heater segment largely consists of electric (Rs.450 crore), solar (Rs.120 crore) and gas (Rs.30 crore) heaters.”
Now, 120 crores is not really a lot, and even 600 crores does not sound like heck of a lot, for a population of 120 crores – that’s just Rs 5 per year per person.
India has about 200 million households…with about40 million middle class households of that. In 2009-10, it was estimated that about 10 million households had annual incomes in excess of Rs 5 lakhs.
On the other hand, the total number of households with a solar water heater is only about 0.7 million – less than 2%of the total middle class households. Compare this with China – 25 million households there have a solar water heater.
Once again, these statistics to me only mean that the potential in this segment in quite massive. This interesting paper estimates that the solar water heater segment will grow an impressive 500-600% between now and 2022 – I wouldn’t be surprised if this came true.
Useful links:
Ariston Thermo – a world leader in solar water heaters; in India, it is called Racold Thermo, based in Pune
Related posts:
- India Solar Water Heaters – Domestic and Industrial – Status and Prospects
- Solar Water Heater Partnership – Nuetech Solar Taps Francorp Expertise for Pan-India Sales
- Tata BP Solar, Eurostar in Tie-up for Solar Water Heaters
- Delhi Encouraging Green Buildings Construction, Solar Heaters
- Electrotherm Launches Electra Solar Water Heater
About the Author
Narasimhan (Narsi) has extensive experience in understanding renewable energy markets and strategic levers for success in these markets. His special focus has been his work on the Indian renewable energy industry. His work in the previous 15 years have spanned market and industry research, product management and international sales, and strategic consulting. see more http://www.eai.in/ref/team/ns.html
More details about the author is available here
Other posts by Narsi Santhanam
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Dear Mr Narsi,
It is a small request to you to conduct seminar inDelhi also as you are doing in Chennai.
regards
Rinaa Jayant
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Yes, solar water heater market is the next big thing in India. One thing I do not understand is why solar heaters are available for equivalent of Rs 5000 in China while in India it costs upwards of 15000!!! It is a silly simple technology which any local plumber or welder could make. I feel that if government ITIs introduce solar water heater building and repair courses we will get many local vendors making it and repairing it.
@ Rinaa.
I am sorry to reply so late…thanks for your interest in the EAI Club meetings.
In fact, we have had only one so far and after that, somehow I could not conduct any more…
I am trying my best to restart the meetings, thanks for reminding
Once I am able to get these meetings organized regularly in Chennai, I will definitely look at holding these in other cities too.
Cheers
Narasimhan
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