Solar Water Heater Market size to exceed $3bn by 2025

Solar Water Heater Market size is set to reach over USD 3 Billion by 2025, as reported in the latest study by Global Market Insights Inc.
 

Surging demand for cost effective and sustainable water heating technology to reduce electricity bills will stimulate the solar water heater market share. Increasing purchasing power parity, improve in living standards, shifting population toward urban areas and ongoing spending toward development of single and multi-family house are some of the key parameters fueling the energy efficient systems. Volatility in fossil fuel and electricity prices have also positively impacted the demand for energy efficient systems.
 

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China solar water heater market size is anticipated to expand over USD 600 Million by 2025. Stringent regulations to reduce GHG emissions along with technological advancement in evacuated tube collector design to optimize efficiency will enhance product adoption. For instance, in 2018, China’s National Development & Reform Commission (NDRC) introduced policy to increase clean energy targets from 20% to 35% by 2030.
 

Thermosyphon installation accounted for over 55% of global solar water heater market share in 2018. The product finds wide application in residential and small commercial buildings on account of ease of installation, simple design and cost effectiveness features.
 

Browse key industry insights spread across 340 pages with 721 market data tables & 28 figures & charts from the report, “Solar Water Heater Market Size By Collector (Evacuated Tube, Flat Plate and Unglazed Water), By System (Thermosiphon, Pumped), By Application {Residential, Commercial (Educational Institutes, Offices, Government Buildings, Others), Industrial} Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/solar-water-heater-market
 

Commercial applications in 2018, contributed over 35% of global solar water heater volume market share. Growing investment from financial institution toward infrastructure development including educational institutes, shopping malls, hospitals and offices will stimulate the product deployment. Favourable measure to improve air quality coupled with growing awareness toward adoption of renewable solutions will further complement the industry outlook.
 

U.S. solar water heater market is projected to expand over 10% by 2025. Growing demand for replacement of conventional water heating systems along with ongoing investment toward infrastructure sector backed by rapid urbanization will enhance the product adoption.
 

Germany solar water heater market will grow on account of increasing spending toward renovation of existing building infrastructure along with stringent targets pertaining to clean energy generation. For instance, in 2018, European Commission introduced Renewable energy directive (2018/2001) with an aim to fulfil 38% of heat consumption from renewable resources by 2030.
 

Brazil solar water heater market will develop on account of introduction of social housing program for low income families. In August 2016, the Minha Casa, Minha Vida program relaunched by the United Nation for low income families which mandated installations of solar system in new establishments.
 

Major participants across solar water heater industry are Linuo Ritter, Rinnai, Bosch Thermotechnology, EMMVEE Solar, Bradford White, Wagner Solar, HiminSolar, Chromagen, SunTank, Racold, V-Guard, Viessmann, Rheem Manufacturing, Alternate Energy and A.O. Smith.
 

Solar Water Heater market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2014 to 2025, for the following segments:

Solar Water Heater Market, By Collector

• Evacuated Tube
• Flat Plate
• Unglazed

Solar Water Heater Market, By System

• Thermosiphon
• Pumped

Solar Water Heater Market, By Application

• Residential
• Commercial
  • Educational Institutes
  • Offices
  • Government Buildings
  • Others
• Industrial

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • Austria
  • Spain
  • Turkey
  • Denmark
  • Italy
  • Switzerland
  • UK
• Asia Pacific
  • China
  • Thailand
  • Australia
  • India
  • Japan
  • South Korea
• Middle East & Africa
  • Egypt
  • Jordan
  • Israel
  • South Africa
  • Saudi Arabia
  • Kuwait
  • UAE
  • Qatar
  • Bahrain
  • Oman
• Latin America
  • Brazil
  • Barbados
  • Chile