{"id":3952,"date":"2011-04-16T20:06:11","date_gmt":"2011-04-16T14:36:11","guid":{"rendered":"http:\/\/greenworldinvestor.com\/?p=3952"},"modified":"2011-04-16T20:06:11","modified_gmt":"2011-04-16T14:36:11","slug":"solar-water-heaters-in-india-understanding-benefitscostsubsidies-for-buying-solar-heaters-swh-manufacturers-list","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2011\/04\/16\/solar-water-heaters-in-india-understanding-benefitscostsubsidies-for-buying-solar-heaters-swh-manufacturers-list\/","title":{"rendered":"Solar Water Heaters in India – Understanding Benefits,Cost,Subsidies for Buying Solar Heaters, SWH Manufacturers List"},"content":{"rendered":"

Solar Water Heaters are one of the most successful solar products which have managed to proliferate without government subsidies needed for other solar products like solar panels etc.Note Solar Power in India<\/a> is taking off with the government promoting its through the JNNSM <\/a>subsidy policy.The payback period for solar heaters is quite short and\u00a0 it substitutes the need for electricity needed to run power guzzling water heaters in residential and commercial establishments.The other reasons for the success of solar water heaters is that they are relatively easy to build and install making them quite popular.China has the largest number of solar water heaters installed in the world and other countries are not far behind.India too has seen a rapid growth in the use of solar water heaters with roofs around India marked with solar water heaters.Note the government of India through MNRE <\/a>also subsidizes the buying of solar water heaters making them even more popular.Solar Water Heaters of different qualities,capacities and prices are available in the Indian market.Solar Installers are responsible for doing the whole turnkey installation of solar water heaters,piping system and maintenance.<\/p>\n

Solar Water Heater Market in India<\/strong><\/p>\n

Solar Heater\u00a0 Market has seen growth increasing for the past 15 years with more than 20% CAGR seen in the last 4-5 years due to the following reasons.Despite the rapid growth,there is huge scope for growth of India’s Solar Water Heater Market which has been estimated to be around 2.5 million square meters.More than 50% of the Solar Water Heater Installations are concentrated in the states of Karnataka and Maharashtra.Note India receives very high solar insolation throughout the year making it ideal for Solar Water Heater Installations.Most of the SWH systems are sold to residential installations more than 80%.Commercial establishments are still slow to adopt SWH.Note the penetration of SWH in India is still 10 times lower than that of China and shows huge growth potential.Note around 1 million households in India have solar water heaters and the growth rate is around 20%.Assuming an average solar water heater system cost of around Rs 30000 ($650) ,the total market size would be around $130 million or Rs 600 crores.<\/p>\n