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.
Ariston Thermo – a world leader in solar water heaters; in India, it is called Racold Thermo, based in Pune
Dear Mr Narsi,
It is a small request to you to conduct seminar inDelhi also as you are doing in Chennai.
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.
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.
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