Press release
Solar Water Heater Market Growth Analysis 2018-2024 | Top Industry Players - SunTank, A.O. Smith, Alternate Energy Technologies, Rheem manufacturing, Bosch, Linuo Ritter, Rinnai, Racold, Viessmann, Wagner Solar, Bradford White, EMMVEE, V Guard Industries,
Global Market Insights, Inc.
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. Solar Water Heater Market size will cross USD 4 billion by 2024, as reported in the latest study by Global Market Insights, Inc.
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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.
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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Solar Water Heater market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units, GWth and USD from 2013 to 2024, for the following segments:
Solar Water Heater Market, By Collector
Evacuated Tube
Flat Plate
Unglazed Water
Solar Water Heater Market, By Product
Thermosyphon
Pumped
Solar Water Heater Market, By Application
Swimming Pool Heating
Domestic Water Heating
Large Domestic Water Heating
Others
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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