Press release
Solar Water Heater Market is Seeing Explosive Growth BY Future Industry: Forecast, 2020-2027| A. O. Smith Corporation, Alternate Energy Technologies, LLC, Bosch Thermotechnik GmbH, Bradford White Corporation
Solar Water Heater market
A solar water heater consists of a solar panel, a water storage tank and an inverter system. The sunlight which falls on the solar panels is utilized for heating the water inside the insulated storage tank either by a pump or directly with the thermosiphon principle. According to the thermosyphon principle, the fluid circulation is on the basis of the natural convention, where warm water rises and is replaced by cold water. Some of the advantages of solar water heaters over other types of water heaters include cost-effectiveness and less dependence on the different kind of fossil fuels. These heaters are normally installed on the rooftop of building where the intensity of sunlight is maximum all over the day.
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Leading companies profiled in the report include A. O. Smith Corporation, Alternate Energy Technologies, LLC, Bosch Thermotechnik GmbH, Bradford White Corporation, Chromagen Ltd., Rheem Manufacturing Company, SunTank, V-Guard Industries Ltd., Viessmann Manufacturing Company Inc., Wagner Renewables Ltd.
The major factors driving the growth of the solar water heater market are stringent government regulations against GHG emissions, high demand for hot water from hospitals and hotels and replacement of existing water heaters. Further, the emerging demand for HWHs is likely to offer significant growth opportunities for the solar water heater market in the near future. However, the lack of consumer awareness is one of the restraints of the market.
The report highlights key growth strategies adopted by these players of the Solar Water Heater industry, including details such as financial overview, product/ services offered, notable developments, and SWOT analysis.
Market Segmentation:
Based on Collector:
o Evacuated tube collectors
o Flat plate collectors
o Unglazed water collectors
Based on System:
o Thermo siphons system
o Pumped system
On basis of Application:
o Residential
o Commercial
o Industrial
The Solar Water Heater market is segmented based on a, b, and c. The report features exhaustive PEST analysis for five major regions, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South and Central America (S&CAM). The report covers forecasts of 18 major countries along with existing trends and opportunities within these regions.
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The Insight Partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: https://www.theinsightpartners.com/
About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Electronics and Semiconductor s, Pharmaceuticals, Chemicals and Materials, Automotive and Transportation, Aerospace and Defense, Electronics and Semiconductors, Technology, Media, and telecommunication, Manufacturing and Construction.
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