Global Solar Water Heaters Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Solar Water Heaters Market is presumed to reach the market size of nearly USD 8.52 Billion by 2032 from USD 3.98 Billion in 2023 with a CAGR of 8.81% under the study period 2024-2032.

Solar water heaters harness solar energy to heat water for residential, commercial, or industrial use. They consist of solar collectors, which capture sunlight, and a storage tank to hold the heated water. These systems can be passive, relying on natural circulation, or active, using pumps to circulate water or a heat-transfer fluid. These heaters reduce reliance on conventional energy sources, lowering energy bills and decreasing GHG emissions. They are particularly effective in sunny regions and contribute to sustainable energy solutions by harnessing renewable solar power for everyday needs.

MARKET DYNAMICS

The spurring awareness about environmental conservation and the need to lower greenhouse gas emissions drive the solar water heaters market. The escalating focus on energy efficiency and the growing adoption of green building practices also propel the demand for solar water heaters. Government support and subsidies for renewable energy projects significantly boost the market by making solar water heating systems more affordable and accessible to consumers. Technological advancements in solar heating systems, such as improved collector efficiency and advanced storage solutions, are improving the performance and systems reliability, further driving market growth. Additionally, the rising energy costs and the need for cost-effective heating solutions encourage households and businesses to invest in solar water heaters. The expanding infrastructure in emerging economies and the increasing availability of solar water heating products through various distribution channels also contribute to market expansion. These factors, combined with the growing focus on sustainable development and the increasing investment in renewable energy infrastructure, drive market growth, promoting a cleaner and more sustainable future. However, high initial installation costs and limited consumer awareness may challenge market growth in the coming years.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Solar Water Heaters. The growth and trends of Solar Water Heaters industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Solar Water Heaters market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Technology

Evacuated Tube Collector
Flat Plate Collector
Unglazed Water Collector

By Systems

Thermosyphon
Pumped

By Application

Residential
Commercial
Industrial

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Solar Water Heaters market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Solar Water Heaters market include A.O. Smith, Bosch Thermotechnology, Bradford White Corporation, Eurostar Solar, G E Appliances, Kodsan Racold, Rheem Manufacturing Company, SunEarth, SUNPAD, GREENoneTEC Solarindustrie GmbH, Sunrain, VaySunic, V-Guard Industries Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR112114923

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. SOLAR WATER HEATERS - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Technology
- 3.7.2 Market Attractiveness Analysis By Systems
- 3.7.3 Market Attractiveness Analysis By Application
- 3.7.4 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL SOLAR WATER HEATERS MARKET ANALYSIS BY TECHNOLOGY

5.1. Overview By Technology
5.2. Historical and Forecast Data Analysis By Technology
5.3. Evacuated Tube Collector Historic and Forecast Sales By Regions
5.4. Flat Plate Collector Historic and Forecast Sales By Regions
5.5. Unglazed Water Collector Historic and Forecast Sales By Regions

6. GLOBAL SOLAR WATER HEATERS MARKET ANALYSIS BY SYSTEMS

6.1. Overview By Systems
6.2. Historical and Forecast Data Analysis By Systems
6.3. Thermosyphon Historic and Forecast Sales By Regions
6.4. Pumped Historic and Forecast Sales By Regions

7. GLOBAL SOLAR WATER HEATERS MARKET ANALYSIS BY APPLICATION

7.1. Overview By Application
7.2. Historical and Forecast Data Analysis By Application
7.3. Residential Historic and Forecast Sales By Regions
7.4. Commercial Historic and Forecast Sales By Regions
7.5. Industrial Historic and Forecast Sales By Regions

8. GLOBAL SOLAR WATER HEATERS MARKET ANALYSIS BY GEOGRAPHY

8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
- 8.3.1 Overview, Historic and Forecast Data Sales Analysis
- 8.3.2 North America By Segment Sales Analysis
- 8.3.3 North America By Country Sales Analysis
- 8.3.4 United States Sales Analysis
- 8.3.5 Canada Sales Analysis
- 8.3.6 Mexico Sales Analysis
8.4. Europe Sales Analysis
- 8.4.1 Overview, Historic and Forecast Data Sales Analysis
- 8.4.2 Europe By Segment Sales Analysis
- 8.4.3 Europe By Country Sales Analysis
- 8.4.4 United Kingdom Sales Analysis
- 8.4.5 France Sales Analysis
- 8.4.6 Germany Sales Analysis
- 8.4.7 Italy Sales Analysis
- 8.4.8 Russia Sales Analysis
- 8.4.9 Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
- 8.5.1 Overview, Historic and Forecast Data Sales Analysis
- 8.5.2 Asia Pacific By Segment Sales Analysis
- 8.5.3 Asia Pacific By Country Sales Analysis
- 8.5.4 China Sales Analysis
- 8.5.5 India Sales Analysis
- 8.5.6 Japan Sales Analysis
- 8.5.7 South Korea Sales Analysis
- 8.5.8 Australia Sales Analysis
- 8.5.9 South East Asia Sales Analysis
- 8.5.10 Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
- 8.6.1 Overview, Historic and Forecast Data Sales Analysis
- 8.6.2 Latin America By Segment Sales Analysis
- 8.6.3 Latin America By Country Sales Analysis
- 8.6.4 Brazil Sales Analysis
- 8.6.5 Argentina Sales Analysis
- 8.6.6 Peru Sales Analysis
- 8.6.7 Chile Sales Analysis
- 8.6.8 Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
- 8.7.1 Overview, Historic and Forecast Data Sales Analysis
- 8.7.2 Middle East & Africa By Segment Sales Analysis
- 8.7.3 Middle East & Africa By Country Sales Analysis
- 8.7.4 Saudi Arabia Sales Analysis
- 8.7.5 UAE Sales Analysis
- 8.7.6 Israel Sales Analysis
- 8.7.7 South Africa Sales Analysis
- 8.7.8 Rest Of Middle East And Africa Sales Analysis

9. COMPETITIVE LANDSCAPE OF THE SOLAR WATER HEATERS COMPANIES

9.1. Solar Water Heaters Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments

10. COMPANY PROFILES OF SOLAR WATER HEATERS INDUSTRY

10.1. Top Companies Market Share Analysis
10.2. Market Concentration Rate
10.3. A.O. Smith
- 10.3.1 Company Overview
- 10.3.2 Company Revenue
- 10.3.3 Products
- 10.3.4 Recent Developments
10.4. Bosch Thermotechnology
- 10.4.1 Company Overview
- 10.4.2 Company Revenue
- 10.4.3 Products
- 10.4.4 Recent Developments
10.5. Bradford White Corporation
- 10.5.1 Company Overview
- 10.5.2 Company Revenue
- 10.5.3 Products
- 10.5.4 Recent Developments
10.6. Eurostar Solar
- 10.6.1 Company Overview
- 10.6.2 Company Revenue
- 10.6.3 Products
- 10.6.4 Recent Developments
10.7. G E Appliances
- 10.7.1 Company Overview
- 10.7.2 Company Revenue
- 10.7.3 Products
- 10.7.4 Recent Developments
10.8. Kodsan Racold
- 10.8.1 Company Overview
- 10.8.2 Company Revenue
- 10.8.3 Products
- 10.8.4 Recent Developments
10.9. Rheem Manufacturing Company
- 10.9.1 Company Overview
- 10.9.2 Company Revenue
- 10.9.3 Products
- 10.9.4 Recent Developments
10.10. SunEarth
- 10.10.1 Company Overview
- 10.10.2 Company Revenue
- 10.10.3 Products
- 10.10.4 Recent Developments
10.11. SUNPAD
- 10.11.1 Company Overview
- 10.11.2 Company Revenue
- 10.11.3 Products
- 10.11.4 Recent Developments
10.12. GREENoneTEC Solarindustrie GmbH
- 10.12.1 Company Overview
- 10.12.2 Company Revenue
- 10.12.3 Products
- 10.12.4 Recent Developments
10.13. Sunrain
- 10.13.1 Company Overview
- 10.13.2 Company Revenue
- 10.13.3 Products
- 10.13.4 Recent Developments
10.14. VaySunic
- 10.14.1 Company Overview
- 10.14.2 Company Revenue
- 10.14.3 Products
- 10.14.4 Recent Developments
10.15. V-Guard Industries Ltd
- 10.15.1 Company Overview
- 10.15.2 Company Revenue
- 10.15.3 Products
- 10.15.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies