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Solar Water Heater Market Major Players are SunTank, A.O. Smith, Alternate Energy Technologies, Rheem manufacturing, Viessmann, Wagner Solar, Bradford White, EMMVEE, Bosch, Linuo Ritter, Rinnai, Racold, V Guard Industries, Chromagen

09-25-2018 08:06 AM CET | Energy & Environment

Press release from: Global Market Insights Inc.

Solar Water Heater Market

Solar Water Heater Market

Solar Water Heater Market is expected to surpass USD 4 billion by 2024. Growing concern toward energy conservation along with rapid fossil fuel depletion will propel the industry growth. Government introduced several incentives including tax credits, subsidies, tax rebate to promote the development and deployment of solar technologies. Th U.S. federal government extended corporate tax credits for solar installations including photovoltaic, thermal electric, thermal process heat, space heat and water heater.

Increasing demand for reliable, cost effective and environment friendly system to produce hot water across industrial, residential, and commercial establishments will propel the solar water heater market. The product ability to save electricity bill by 50% to 80% will make its adoption preferable over other alternatives. Favorable measures to reduce carbon emissions will further stimulate the business outlook.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2219

China solar water heater market is projected to reach over 45 GWth by 2024. Technological advancement in development of evacuated tube collector to enhance efficiency and reduce cost of solar thermal system will augment the industry outlook. Introduction of regulation towards carbon emissions and net zero building will further complement the industry growth.

Pumped solar water heater market share is predicted to witness substantiate growth subject to its limited space requirements, winterization, ease of integration with existing units, less heat loss features. The system is suitable for moderate & mild climatic regions. Ability to offer ease of installation, simple design and cost effectiveness are some of the key underlined parameters propelling the demand for thermosyphon system.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2219

The U.S. solar water heater market is anticipated to witness the growth owing to the stringent government regulations to curb carbon emissions and promote the adoption of solar technologies. Under Obama administration, the nation set objectives to reduce greenhouse gas emissions up to 28% from 2005 level to 2025. Growing investment towards residential establishments will further positively impact the industry outlook.

Introduction of building standards and codes with an objective to curb overall emissions will drive the Italy solar water heater market. In Italy, government introduced law number 28 in March 2011 according to which all new buildings have been required to satisfy up to 50% of hot water demand with non-conventional energies.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/solar-water-heater-market

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.

Positive outlook toward renewable technologies will stimulate the Jordan solar water heater market. The European Union funded USD 170.56 million in 2016 to promote the adoption of renewable energy including Renewable Energy and Energy Efficiency II program under the bilateral strategy.

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Key players in solar water heater market includes Alternate Energy Technologies, SunTank, Rinnai, A.O. Smith, Bradford White, Wagner, V Guard Industries, Viessmann, Chromagen, Rheem, Bosch, Himin Solar Energy, EMMVEE, Linuo Ritter and Racold.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/

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