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Solar Water Heater Market Share

Report ID: GMI2219
Published Date: Jun 2023
Report Format: PDF

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Solar Water Heater Market Share

Focus on the development of cost-effective and innovative heating solutions through new product innovations and acquisitions will augment the industry dynamics. Major companies operating across the solar water heater market include

GE Appliances
A.O. Smith
Alternate Energy Technologies, LLC.
Rheem Manufacturing Company
Viessmann
V-GUARD INDUSTRIES LTD.
Racold
SunTank
Chromagen Australia Pty Ltd
Himin Solar Co., Ltd
SUNPAD
Bradford White Corporation
EMMVEE SOLAR
Bosch Thermotechnology
Rinnai

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of solar water heater was reached USD 2.78 billion in 2023 and is expected to surpass USD 4.61 billion by 2032, driven by favorable regulatory frameworks coupled with positive consumer outlook towards the adoption of energy-efficient technologies.

Evacuated tube solar water heater industry share will record over USD 1.2 billion by 2032, owing to its ability to operate in extreme climatic conditions and the rising need for replacement of existing water heaters.

Asia Pacific market is set to witness over 5.1% CAGR from 2023 to 2032, attributed to the limited reliance on conventional energy sources.

GE Appliances, A.O. Smith, Alternate Energy Technologies, LLC., Rheem Manufacturing Company, Viessmann, V-GUARD INDUSTRIES LTD., Racold, SunTank, Chromagen Australia Pty Ltd, Himin Solar Co., Ltd, SUNPAD, and Bradford White Corporation are some of the top firms operating in the industry.