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According to our (Global Info Research) latest study, the global Solar Water Heater market size was valued at USD 2991.7 million in 2023 and is forecast to a readjusted size of USD 4467.8 million by 2030 with a CAGR of 5.9% during review period.
A Solar Water Heater is a device which provides hot water for bathing, washing, cleaning, etc. using solar energy. It is generally installed at the terrace or where sunlight is available and heats water during day time which is stored in an insulated storage tank for use when required including mornings.
Solar water heating systems include storage tanks and solar collectors. There are two types of solar water heating systems: active, which have circulating pumps and controls, and passive, which don't.
The main competitors in the Chilean market are Rheem, Helioakmi, Sole S.A. and other European and American companies as well as numerous companies from China. Rheem as a global leader, occupies the largest market share, about 15% market share.
The Global Info Research report includes an overview of the development of the Solar Water Heater industry chain, the market status of Residential Use (Pressurized Solar Water Heater, Non Pressure Solar Water Heater), Commercial Use (Pressurized Solar Water Heater, Non Pressure Solar Water Heater), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Solar Water Heater.
Regionally, the report analyzes the Solar Water Heater markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Solar Water Heater market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Solar Water Heater market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Solar Water Heater industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (Units), revenue generated, and market share of different by Type (e.g., Pressurized Solar Water Heater, Non Pressure Solar Water Heater).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Solar Water Heater market.
Regional Analysis: The report involves examining the Solar Water Heater market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Solar Water Heater market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Solar Water Heater:
Company Analysis: Report covers individual Solar Water Heater manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Solar Water Heater This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Residential Use, Commercial Use).
Technology Analysis: Report covers specific technologies relevant to Solar Water Heater. It assesses the current state, advancements, and potential future developments in Solar Water Heater areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Solar Water Heater market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Solar Water Heater market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
- Pressurized Solar Water Heater
- Non Pressure Solar Water Heater
Market segment by Application
- Residential Use
- Commercial Use
Major players covered
- Rheem
- Sangle Solar
- Helioakmi S.A.
- Himin Solar Energy
- Sunrain
- Jiaxing Jinyi
- Sole S.A.
- HITEK
- Sunpower Solar
Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Solar Water Heater product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Solar Water Heater, with price, sales, revenue and global market share of Solar Water Heater from 2019 to 2024.
Chapter 3, the Solar Water Heater competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Solar Water Heater breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Solar Water Heater market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Solar Water Heater.
Chapter 14 and 15, to describe Solar Water Heater sales channel, distributors, customers, research findings and conclusion.