(MENAFN Editorial) iCrowdNewswire – Sep 24, 2018
The Solar Water Heater market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Market Study Report.
Solar Water Heater Market will cross USD 4 billion by 2024, according to a new research report.
Rising concern to maintain fossil fuel sustainability along with stringent government norms to reduce carbon emissions will stimulate the solar water heater market growth. Introduction of several targets to reduce carbon emissions and encourage the development of renewable energy will further complement the industry growth. In 2016, the government of UK sets target to reduce carbon emissions up to 57% by 2030 from 1990 levels.
Growing demand for environment friendly, cost effective and reliable systems for water heating purposes across commercial, industrial, and residential sector will augment the solar water heater market. Ability to reduce electricity bill by 50% to 80% will encourage the product penetration over the forecast timeline.
China solar water heater market is predicted to exceed 45GWth by 2024. Introduction of green building regulations and standards to curb greenhouse gas emissions will positively impact the business landscape. Technological innovation in evacuated tube collector design to reduce the cost and improve efficiency of solar thermal system will further boost the product demand.
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Revamp of social housing program for lower income families will drive the Brazil solar water heater market. In August 2016, the United Nation relaunched the Minha Casa, Minha Vida, a social housing program for lower income group which mandated installation of SWH in new buildings.
Increasing investment toward renewable energy development will augment the Jordan solar water heater market. In 2016, the EU invested USD 170.56 million to support the development of green energy including Renewable Energy and Energy Efficiency II program in Jordan under the 2014-2017 bilateral strategy.
Industry giants across solar water heater market include Wagner, Bosch, Alternate Energy Technologies, V Guard Industries, Himin Solar Energy, SunTank, Viessmann, EMMVEE, Rinnai, Chromagen, Linuo Ritter, A.O. Smith, Rheem, Racold and Bradford White.
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Table of Content:
Chapter 1. Methodology and Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition and forecast parameters
1.2. Data sources
Chapter 2. Executive Summary
2.1. Solar water heater industry 360 degree synopsis, 2013 2024
2.1.1. Business trends
2.1.2. Collector trends
2.1.3. System trends
2.1.4. Application trends
2.1.5. Regional trends
Chapter 3. Solar Water Heater Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Innovation sustainability
3.5. Cost benefit analysis of solar water heater
3.6. Solar water heater component cost structure
3.7. Price trend analysis, By Region
3.7.1. North America
3.7.3. Asia Pacific
3.7.5. Middle East and Africa
3.7.6. Latin America
3.8. Regulatory landscape
3.8.7. South Africa
3.9. EU contribution in RES deployment, 2005-2018
3.10. Cost comparative analysis:
3.10.1. Solar Water Heater
3.10.2. Electric Water Heater
3.10.3. Gas Water Heater
3.11. Industry impact forces
3.11.1. Growth drivers
3.11.2. North America
18.104.22.168. Growing demand for energy efficient water heaters
22.214.171.124. Rising demand for replacement of existing water heaters
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