Solar Water Heater Market Analysis by Industry Share, Revenue, Growth

Solar Water Heater Market Size to Grow at CAGR of 8.50% during 2019 to 2023, A solar water heater comprises of an array of collectors to collect and store solar energy, Global Solar Water Heater Market by Collector Type, Application and Region

Market Highlights:Solar water heater is a device which provides hot water for industrial, commercial, and residential applications. A solar water heater comprises an array of collectors to collect and store solar energy. There are mainly three types of solar collectors that are used in residential applications such as flat-plate collector, evacuated tube collector, and unglazed water collector. Solar water heater is majorly used to save energy bills. Moreover, the domestic and commercial consumers are entitled to claim renewable heat incentive for generating heat energy.      

Based on application, the market is segmented as residential, commercial, and industrial. Residential segment is estimated to dominate the market during the forecast period due to the increasing demand for energy efficient water heater and rising investment in construction activities. The installation is majorly taking place in Europe, North America, and Asia Pacific. Considering the type, the market is segmented as pumped and thermosyphon. Thermosyphon accounts for largest share in the solar water heater market due to affordable pricing and convenient usage.  

The global solar water heater market is expected to grow at ~ 8.50% CAGR during the forecast period.

Key Players:
The key 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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Scope of the Report
This report provides an in-depth analysis of the global solar water heater market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the solar water heater market by its type, collector type, application, and by region.

  • By Type
  • Pumped
  • Thermosyphon
  • By Collector Type
  • Evacuated Tube Collector
  • Flat Plate Collector
  • Unglazed Water Collector 
  • By Application
  • Residential
  • Commercial
  • Industrial
  • By Regions
  • North America 
  • Asia-Pacific 
  • Europe
  • Middle East Africa
  • South Africa

Market Research Analysis:

Asia Pacific accounts for the largest market share in the Solar Water Heater Market
Region wise, 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.

Table Of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope Of The Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Size Estimation

3.4 Forecast Model

3.5 List Of Assumptions

3.6 Limitations Of The Study

4 Market Insights

5 Market Dynamics

5.1 Introduction

5.2 Market Drivers

5.3 Market Restraints

5.4 Market Opportunities

5.5 Porter’s Five Forces Analysis

5.5.1 Threat Of New Entrants

5.5.2 Bargaining Power Of Buyers

5.5.3 Bargaining Power Of Suppliers

5.5.4 Threat Of Substitutes

5.5.5 Intensity Of Rivalry

5.6 Value Chain/Supply Chain Analysis

Continued...

List Of Tables

Table 1 Global Solar Water Heater Market, By Region, 2020-2027 (USD Million)

Table 2 North America Solar Water Heater Market, By Country, 2020-2027 (USD Million)

Table 3 Europe Solar Water Heater Market, By Country, 2020-2027 (USD Million)

Table 4 Asia-Pacific Solar Water Heater Market, By Country, 2020-2027 (USD Million)

Table 5 Middle East Africa Solar Water Heater Market, By Country, 2020-2027 (USD Million)

Table 6 South America Solar Water Heater Market, By Country, 2020-2027 (USD Million)

Table 7 Global Solar Water Heater Y Market, By Type, 2020-2027 (USD Million)

Table 8 North America Solar Water Heater Market, By Type, 2020-2027 (USD Million)

Continued...

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List Of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL SOLAR WATER HEATER MARKET SHARE, BY TYPE, 2020 (%)

Continued...

About Market Research Future:

 

Market Research Future (MRFR) is a reliable firm that undertakes an extensive analysis of markets in various domains. Our teams of research analysts gather relevant data through painstaking primary and secondary research that aims to give clients a complete outlook on markets of their interest. The data is compared against third-party agencies and reputed organizations for estimating valuations and revenue projections.

MRFR’s goal in providing a comprehensive coverage of the market replete with latest trends, niches, developments, and insights can be lucrative for business needs. We aim to push our clients to the forefront by guiding them with astute information for making informed decisions. Our market intelligence can track down key issues in industries and be modified as per the fluctuations in economic scenarios. The reports are customized and offered as per a specific region or country and adhere to latest policies.

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