Product Code: ETC376284 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India gas radiators market size was estimated at US$ 1.32 billion and it is projected to grow significantly over the coming years owing to rising consumer awareness regarding energy efficiency benefits offered by these products along with growing residential construction activities across India. Factors like low maintenance cost associated with these radiators will also help drive their adoption among end users leading to an increased demand for gas radiators globally during the forecast period.
The India gas radiators market has been on a steady growth trajectory, primarily due to the increasing adoption of natural gas as a cleaner and more efficient alternative to conventional fuels. With the government`s focus on promoting clean energy and reducing carbon emissions, natural gas usage has witnessed significant growth in various sectors, including residential, commercial, and industrial. Another driver for the gas radiator market is the growing construction industry in India. As the real estate sector continues to expand, there is a rising demand for heating solutions in buildings, contributing to the increased adoption of gas radiators. Furthermore, rising disposable incomes and changing consumer preferences have driven the demand for advanced and aesthetically appealing gas radiator models. Consumers now seek energy-efficient and stylish heating solutions, leading manufacturers to innovate and offer more sophisticated products in the market.
The gas radiators market in India confronts specific challenges that impact its overall growth and market penetration. One of the primary challenges is the relatively low awareness and adoption of gas radiators among India consumers. Many households still rely on traditional heating methods, making it essential for manufacturers to undertake awareness campaigns to promote the benefits of gas radiators. Another significant challenge is the availability and accessibility of gas infrastructure in many regions of India. In areas where piped gas supply is limited or unavailable, consumers might be reluctant to invest in gas radiators due to the logistical challenges of procuring gas cylinders or other fuel sources. Moreover, fluctuations in gas prices and uncertainties in the energy market can affect the affordability of operating gas radiators, impacting consumer demand and market growth.
The India gas radiators market experienced challenges during the COVID-19 pandemic. With the outbreak leading to a decrease in construction and infrastructure projects, the demand for gas radiators declined. Additionally, supply chain disruptions and labor shortages further affected the market. However, the market is projected to rebound as economic activities pick up pace and demand for heating solutions increases.
For the India gas radiators market, prominent key players are Thermax Limited, Godrej Appliances, and Hindustan Petroleum Corporation Limited (HPCL).