Solar Water Heater Companies in India to glow as Indian

Posted by admin on Jan 16, 2014 in Posts

Solar Water Heater Companies in India to glow as Indian Cities (Surat, Kolkata) make SWH compulsory

It’s pleasing to state that solar water heaters account for 30% of the total water heating market in our country and is growing at a steady pace of 15% annually. Due to the economic viability and cost effectiveness, the market of a solar water heater will see huge growth waves in the near future as compared to electric water heaters. Electricity and fuel prices have risen tremendously in the past few decades, and it is always a wise option to save them in order to save money. Solar water heater assists us in the same. It is widely used in hospitals, hotels and other commercial buildings where there is a requirement of large quantities of hot water. This market will get a further boost as more and more cities, and states are making it mandatory for every household and residential complex to install solar water heaters. India is a power deficient country and needs to use renewable and reasonable sources of energy.

Solar Water Heater Market in India

There is a huge scope for the growth of solar water heater in India. India is a big country that has a tropical climate and receives the sun all-around the year. Despite this fact still most of its potential remains unutilized. Karnataka and Maharashtra are the only two Indian states which have 90% of their homes installed with solar water heaters. The main user of solar water heaters is residential complexes and homes. Commercial entities are slow to switch to SWH. When compared with China, despite having a huge growth potential, India uses 10 times less SWH systems.