Solar Water Heater Market was valued at US$ 5.06 Bn.in 2022. The global Solar Water Heater Market size is estimated to grow at a CAGR of 6.4% over the forecast period.
Solar Water Heater Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Solar Water Heater Market Overview:
The primary goal of this research is to assist the user in understanding the Solar Water Heater Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Solar Water Heater industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Solar Water Heater Market Segmentation:
Evacuated Tube Collector, Flat Plate Collector, and Unglazed Water Collector are the three market segments based on technology. In 2022, the category for evacuated tube collectors accounted for 46% of the market. It is anticipated that a minimal storage demand, low maintenance needs, and a high energy conversion potential (ETC) will drive the market for evacuated tube collectors. In frigid climes, these systems are preferred for industrial and commercial applications.
The market is divided into residential, commercial, and industrial segments based on the application. In 2022, the Residential market sector accounted for 49% of the total market. The residential market is anticipated to expand as a result of rising building renovation and re-establishment spending, as well as rising disposable income. It is superior to its rivals because of its capacity to integrate with traditional divisions in both new and old businesses. Additionally, rising demand for the replacement of conventional systems and increased knowledge of energy savings will improve product penetration.
1. Global Solar Water Heater Market Size, by Technology (2022-2029)
• Evacuated Tube Collector
• Flat Plate Collector
• Unglazed Water Collector
2. Global Solar Water Heater Market Size, by System (2022-2029)
• Thermosyphon
• Pumped
3. Global Solar Water Heater Market Size, by Application (2022-2029)
• Residential
• Commercial
• Industrial
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Solar Water Heater Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Solar Water Heater market are
1. Azure Power India
2. Central Electronics
3. Chemtrols Solar
4. Euro Multivision
5. Indosolar
6. Jupiter Solar Power
7. Lanco Solar Private
8. Mahindra Solar One
9. Moser Baer Photovoltaic
10. Photon Energy Systems
11. PLG Power
12. Surana Ventures
13. Tata Power Solar Systems
14. Vikram Solar
15. Websol Energy System
16. XL Energy
17. SunTank
18. A.O. Smith
19. Alternate Energy Technologies
20. Rheem manufacturing
21. Viessmann
22. Wagner Solar
23. Bradford White
24. EMMVEE
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Regional Analysis:
The report focuses on Global Regions and Market Size of Solar Water Heater, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Solar Water Heater Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Solar Water Heater industry in 2021.
Key Questions Answered in the Solar Water Heater Market Report are:
- What is the function of Solar Water Heater?
- What is the predicted revenue generation of the Solar Water Heater market?
- At what growth rate is the Solar Water Heater market evolving?
- Who are the major market giants operating in the Solar Water Heater market?
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