ETC type solar water Heater is expected to generate INR 800 Crore by 2020


Posted December 17, 2015 by BonafideResearch

"Acceptance of Residential sector, Less Maintenance, longer life, higher efficiency will allow ETC to drive the SWH Market"

 
"Acceptance of Residential sector, Less Maintenance, longer life, higher efficiency will allow ETC to drive the SWH Market.
ETC type solar water heaters are used majorly for domestic purposes. The industries and other commercial institutes prefer FPC type SWH. In ETC the domestic sectors always saw an increasing trend. According to recently published report of Bonafide Research “Indian Solar Water Heater Market Outlook, 2021” the ETC type SWH had acquired a low market of only 34.5 crore in 2011 which took a big leap in the next year. The increasing preference of the consumers in the ETC governing technology will let it lead the market to reach INR 800 crore by 2020.
Evacuated Tube Collector is made of double layer borosilicate glass tubes evacuated for providing insulation. The outer wall of the inner tube is coated with selective absorbing material. This helps absorption of solar radiation and transfers the heat to the water which flows through the inner tube. There are 44 MNRE approved ETC based solar water heating suppliers. Efficiency and higher solar yield are the advantages which makes the ETC SWH better than that of FPC. FPC is mostly made for industrial purposes where huge storage tanks are needed which will make FPC preferably in industrial sector.
The domestic application in ETC type SWH is expected to have a CAGR of more than 15% from 2015 to 2020. The ETC SWH is basically used in the residential purposes more than that of industrial or commercial purposes. ETC has a longer life and less maintenance is required. ETC is cheaper than that of FPC SWH. So, the residential people are anticipated to have tendency of using ETC more in domestic purposes.
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Last Updated December 17, 2015