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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.
LPI (LP Information)' newest research report, the "Solar Water Heater Industry Forecast" looks at past sales and reviews total world Solar Water Heater sales in 2022, providing a comprehensive analysis by region and market sector of projected Solar Water Heater sales for 2023 through 2029. With Solar Water Heater sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar Water Heater industry.
This Insight Report provides a comprehensive analysis of the global Solar Water Heater landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solar Water Heater portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Solar Water Heater market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar Water Heater and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solar Water Heater.
The global Solar Water Heater market size is projected to grow from US$ 2844.3 million in 2022 to US$ 4388.7 million in 2029; it is expected to grow at a CAGR of 4388.7 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Solar Water Heater market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
- Pressurized Solar Water Heater
- Non Pressure Solar Water Heater
Segmentation by application
- Residential Use
- Commercial Use
The below companies that are profiled
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Rheem
- Sangle Solar
- Helioakmi S.A.
- Himin Solar Energy
- Sunrain
- Jiaxing Jinyi
- Sole S.A.
- HITEK
- Sunpower Solar
Key Questions Addressed in this Report
What is the 10-year outlook for the global Solar Water Heater market?
What factors are driving Solar Water Heater market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solar Water Heater market opportunities vary by end market size?
How does Solar Water Heater break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?