Solar Water Heater Market Trends 2018: Key Industry Players are SunTank, A.O. Smith, Alternate Energy Technologies, Rheem manufacturing, Wagner Solar, Bosch, Rinnai, Racold

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.

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China solar water heater market size 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.

Thermosyphon solar water heater market is predicted to witness strong growth owing to its wide application across commercial and residential buildings. Cost effectiveness, ease of installation and simple design are some of the primary benefits which will boost the product penetration.

Favorable measures to encourage the deployment of solar energy along with strict government regulations to reduce greenhouse gas emissions will propel the U.S. solar water heater market share. Under the Obama administration, the country set target to reduce GHG emissions up to 28% by 2025 from 2005 level. Positive outlook towards housing sector will further complement the business growth.

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Italy in 2016, accounted for over 5% of the Europe solar water heater market share. Introduction of building code with an aim to reduce the overall emissions will further boost the product demand. In March 2011, the government of Italy introduced law number 28 according to which all new building and buildings that are under construction have been required to fulfil up to 50% of hot water demand with renewable energies since June 2012.

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.

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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.

Partial Table of Contents:

Chapter 2. Executive Summary

2.1. Solar water heater industry 3600 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

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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
3.7.2. Europe
3.7.3. Asia Pacific
3.7.4. China
3.7.5. Middle East and Africa
3.7.6. Latin America
3.8. Regulatory landscape
3.8.1. U.S.
3.8.2. UK
3.8.3. Germany
3.8.4. China
3.8.5. Australia
3.8.6. Chile
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
3.11.2.1. Growing demand for energy efficient water heaters
3.11.3. Europe
3.11.3.1. Rising demand for replacement of existing water heaters
3.11.3.2. Growing measures to reduce energy bill
3.11.4. Asia Pacific
3.11.4.1. Regulation to reduce greenhouse gas emissions
3.11.4.2. Increasing demand for water heating systems
3.11.5. Latin America and Middle East & Africa
3.11.5.1. Replacement of conventional water heating systems
3.11.6. Industry pitfalls & challenges
3.11.6.1. High upfront cost
3.11.6.2. Lack of consumer awareness
3.12. Growth potential analysis
3.13. Porter's analysis
3.14. Competitive landscape, 2016
3.14.1. Strategy dashboard
3.15. PESTEL analysis

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