Industry Background:
Solar water heaters convert the sunlight into heat for water heating using a solar thermal collector. It includes storage tanks and solar collectors. It is an economical way to generate hot water. It is a substantial energy saving as solar power is free in contrast to natural gas or fuel. The factors such as High Benefits of the Solar Water Heater and Increasing Demand for Eco-friendly, Reliable and Cost-Effective Technology are driving the global solar water heater market.This growth is primarily driven by High Benefits of the Solar Water Heater and Increasing Demand for Eco-friendly, Reliable and Cost-Effective Technology.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Rheem Manufacturing Company (United States), Helioakmi S.A. (Greece), Himin Solar Energy (China), EMMVEE SOLAR (India), Sole S.A. (Greece), Sangle Solar Energy Co., Ltd. (China), Havells India Limited (India), Linuo Ritter International Co. Ltd. (China), Rinnai Corporation (Japan) and Bosch Thermotechnik GmbH (Germany) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Increasing Demand for Solar Water Heater with Advanced Features
. Major Manufacturers, such as Rheem Manufacturing Company (United States), Helioakmi S.A. (Greece), Himin Solar Energy (China), EMMVEE SOLAR (India), Sole S.A. (Greece), Sangle Solar Energy Co., Ltd. (China), Havells India Limited (India), Linuo Ritter International Co. Ltd. (China), Rinnai Corporation (Japan) and Bosch Thermotechnik GmbH (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Recently, Bradford White Water Heaters, provider of the AeroTherm Series Heat Pump Water Heater, has completed an agreement to acquire production assets from the heat pump water heater operations of GE Appliances (GEA), a Haier company.
Market Drivers
- High Benefits of the Solar Water Heater
- Increasing Demand for Eco-friendly, Reliable and Cost-Effective Technology
Market Trend
- Increasing Demand for Solar Water Heater with Advanced Features
- Increasing Awareness towards the Effective Utilization of Sustainable Technologies
Restraints
- High Initial Investment of Solar Water Heater
Opportunities
Increasing Government Funding for Renewable Energy and Increasing Demand for Replacement of Existing Water Heaters
Challenges
Less Consumer Awareness among Consumers
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Solar Water Heater Study Sheds Light on
The Solar Water Heater Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Solar Water Heater industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Solar Water Heater industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.