Solar Water Heater market is set to grow at a CAGR of 7.4% by 2025 according to new research report
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On the basis of our in-depth analysis, global solar water heater market can be segmented as follows:
By Product Type
- Active Solar Water Heaters
- Passive Solar Water Heaters
- Solar Collectors
- Evacuated Tube
- Flat Plate
- Unglazed Water
- Storage Tanks
By Distribution Channel
- Online Stores
- Offline Stores
- Residential sector
- Commercial sector
- Industrial sector
Based on Geography
- North America
- Latin America
- Middle East Africa
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“Global Solar Water Heater Market Outlook 2025” contains detailed overview of the global Solar Water Heater market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, by component type, by distribution channel and by end users.
The report on solar water heater market published by Goldstein Research prepared on the basis of top- bottom approach provides us pin-point synopsis of the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
The key player of solar heater market with a detailed company profiling are MMVEE Solar Systems, Jinyi Solar, Chromagen, Genersys, Rheem Manufacturing, Alternate Energy Technologies, Apricus Solar, A.O. Smith. The company profiles include business strategy, financial key materics, revenue generated, performs during downs falls of the market, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Market Forecast Period Coverage: 2017 to 2025;
Expert analysis: Governing, Technological trends; Facts Factors Impacting Development, SWOT, BPS (Base Point Scale) analysis, Demand Analysis, Emerging Trends, Key Players, Company Profiling, Growth Drivers, Y-O-Y Growth Rate.
Performance Forecasts: Major Segments Covering Applications, Regional Segmentation, Top products, Revenue, Future Scope
Global solar water heater market is further bifurcated in various segments with separate market analysis mentioned below:
Asia-Pacific Solar Water Heater Market
In Asia-Pacific per capita energy consumption in 2015 of South Korea was 5.51 tons, Australia (5.48) and Japan (3.54). Asia-Pacific solar water heater market size is set to reach USD 3.9 billion by 2025, growing at a CAGR of 6.8% over the forecast period.
Global Tankless Water Heaters Market
Tankless water heater is a substitute for conventional tank or storage water heater where large amount of water was heated for hot-water supply resulting in the loss of thermal energy. Global tankless water heater market valued USD 16.9 billion in 2016, and is projected to grow at a CAGR of 5.0 % during the forecast period.
North America occupies largest share of global market of tankless water heater and expected to take over more than 45% market share of global tankless water heater by the end of 2024.
United States Tankless Water Heaters Market
The energy conservation concerns and Innovating technologies have led to development of tankless water heaters, which works on the principle of heat transfer, using gas or electricity as a fuel and eliminating the consumption of excess energy compared to traditional water heaters i.e. they 22% more energy efficient.
United States tankless water heaters market is set to reach USD 3,059 million by 2024, growing at a CAGR of 5.31% over the forecast period (2017-2025).
Electric Tankless Water Heaters Market
Global electric tankless water heaters market is set to reach USD 11,230 million by 2024, growing at a CAGR of 5.24% over the forecast period (2017-2025). The Innovating technology and energy conservation concerns have led to development of tankless water heaters that works on the principle of heat transfer, using gas or electricity eliminating the excess energy consumed by the traditional water heaters.
Gas Tankless Water Heaters Market
The technological advancements for energy conservation concerns have led to development of tankless water heaters that works on the heat transfer principle, using gas or electricity and reducing the consumption of unnecessary energy unlike the case of traditional water heaters. In APAC region China and India tends to be the fastest growing markets at a CAGR of 5.33% and 5.39% respectively on the back of urbanization and huge construction activities.
Global gas tankless water heaters market is set to reach USD 13,340 million by 2024, growing at a CAGR of 5.24% over the forecast period (2017-2025).
Domestic Heating Appliances Market
Domestic heating appliances are of different type for different purpose, using different kind of fuels. Largely the heating appliances are used for heating water and heating spaces (underfloor heating, furnace,.).
Global domestic heating appliances market is set to reach nearly USD 140 billion by 2024, growing at a CAGR of 7.8% over the forecast period (2017-2025).
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