Solar Water Heater Market 2019: Worldwide Overview, Historical Analysis, Challenges, Opportunities and Industry Segments Poised for Rapid Growth by 2023

Market Research Future published a research report on "Global Solar Water Heater Market Research Report- Forecast till 2023" - Market Size, Share, Analysis, Scope, Growth, Stake, Opportunities, Progress, Trends and Forecast to 2023.

Pune, India - April 4, 2019 /MarketersMedia/ —

Market Highlights

Solar Water heater is a device that is used to heat water by converting sunlight into heat with the help of a thermal collector. The heater is generally installed where sunlight is available and heats the water during day time which is stored in an insulated storage tank for use when required. Advantages of solar water heater mainly include cost savings and reduction of carbon footprint. Increasing measures to control energy consumption owing to fast depletion of non-renewable resources is one of the major drivers of solar water heater market. According to EIA, solar surpasses biomass to become third most prevalent renewable electricity source. This has led to increased investment in the countries such as India, China, US, Italy, and others globally to install solar water heaters.

The global solar water heater market is expected to grow at 8.50 % CAGR during the forecast period. Global solar water heater market is expected to witness substantial growth during the forecast period owing to increase in the demand for cost efficient technology for heating water.

Key Players:

The prominent players of the global solar water heater market are Rheem Manufacturing (US), A.O.Smith (US), SunTank (South Africa), Bradford White Corporation (US), Bosch (Germany), Honeywell Corporation (US),  Racold (India), Alternate energy Technologies (US), Viessmann Manufacturing (US), and Wagner Solar (UK), among others.

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Solar Water Heater Market Segmentation

Global solar water heater market has been segmented based on type, collector type, application, and region.

Based on type, the market is classified into pumped and thermosyphon. Thermosyphon segment is leading the market and has the largest market share, mainly due to low pricing and ease of installation and usage of the product.

Based on collector type, the industry classified into evacuated tube collector, flat plate collector, and unglazed water collector.

The global solar water heater is further segmented based on application, including residential, commercial, and industrial. 

By region, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Market Research Analysis

On geographic basis, Solar Water Heater market is studied in different regions as North America, Europe, South America, Asia-Pacific, and Middle East & Africa.

Asia Pacific held the largest market share of the global solar water heater market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment in renewable energy sources and high demand for solar water heaters by the residential and commercial complexes. The solar water heater market would be mainly driven by the favorable government regulations against greenhouse gas emissions.

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Table Of Contents

1 Executive Summary

2 Market Introduction

3 Research Methodology

4 Market Insights

5 Market Dynamics

6 Global Solar Water Heater Market, By Type

7 Global Solar Water Heater Market, By Collector Type

8 Global Solar Water Heater Market, By Application

9 Global Solar Water Heater Market, By Region

10 Competitive Landscape

11 Company Profile

List Of Tables

Table 1 Global Solar Water Heater Market, By Region, 2016-2023 (USD Million)

Table 2 North America Solar Water Heater Market, By Country, 2016-2023 (USD Million)

Table 3 Europe Solar Water Heater Market, By Country, 2016-2023 (USD Million)

Table 4 Asia-Pacific Solar Water Heater Market, By Country, 2016-2023 (USD Million)

Table 5 Middle East & Africa Solar Water Heater Market, By Country, 2016-2023 (USD Million)

Table 6 South America Solar Water Heater Market, By Country, 2016-2023 (USD Million)

Table 7 Global Solar Water Heater Y Market, By Type, 2016-2023 (USD Million)

Table 8 North America Solar Water Heater Market, By Type, 2016-2023 (USD Million)

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