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Solar Water Heater Market is predicted to surpass 2.5 million units by 2024 | Key players include Alternate Energy Technologies, Rheem manufacturing, Viessmann, Wagner Solar, Bradford White, EMMVEE, Bosch, Racold, V Guard Industries, Chromagen and Himin S

02-11-2019 12:57 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Solar Water Heater Market

Solar Water Heater Market

The shifting trend toward the adoption of renewable energy sources is one of the pivotal factors propelling solar water heater market share. In recent times, the depletion level of fossil fuels has led to growing concerns about carbon emissions, which has emerged as a crucial driving factor for solar water heater market. In fact, several regional governments are taking initiatives to encourage the masses to deploy renewable energy systems for daily applications. For instance, recently, the Government of India has implemented a series of specific norms to enhance the nation’s dependency on renewable energy sources. In addition, Germany, it is observed, is also stepping forward to become a completely renewable energy dependent country. Initiatives such as the aforementioned, undertaken by regional governments to implement renewable energy facilities is likely to have a positive influence on solar water heater industry outlook.

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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.

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

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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.

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.

Browse key industry insights spread across 250 pages with 660 market data tables & 10 figures & charts from the report @ https://www.gminsights.com/industry-analysis/solar-water-heater-market

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.

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

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