Press release
Solar Water Heater Market 2021 Strategic Assessments - Himin Solar Energy Group, V-Guard Industries Ltd, Ariston Thermo SpA, KODSAN Company, Solav Energy
The Global Solar Water Heater Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.The solar water heater market is expected to grow at a CAGR of more than 5.1% over the period of 2020-2025.
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Key Players:
Himin Solar Energy Group, V-Guard Industries Ltd, Ariston Thermo SpA, KODSAN Company, Solav Energy, Zhejiang JiaDeLe Solar Co., Ltd., Turkey Electromechanical Industry Co., SolarCity Corporation, SunPower Corporation and others.
Key Market Trends
Glazed Solar Water Heater to Dominate the Market
Glazed Solar Water Heater is expected to dominate the segment during the forecast period. Glazed solar water is slightly more expensive than the unglazed solar water heater. Most of the unglazed solar water heaters are used in North America. Asia-Pacific and Middle-East on the other hand are tilted more towards glazed solar water heater with nearly 100 % of the solar water heater being of glazed type.
As systems are to be replaced and account for a significant part of gross additions, cumulative global operating capacity increased by just 1.4% (6.5 Gigawatt-hour (GWh)) in 2018, reaching an estimated 480 GWh at the end of the 2018.
Around 42 ton-oil-equivalent (toe) were saved by using glazed solar water heater in the year 2018, with the largest contribution coming from China.
Therefore, with the increase in the demand for renewable energy and government support, glazed solar water heater demand is expected to increase substantially.
Middle-East and Africa to Record the Highest Growth
- Middle-East and Africa are expected to record the highest growth. Around 2,700,000 square-meter of water collector capacity was added, in 2017, in the region with Turkey and Israel taking the major share. The region is expected to increase its electricity generation from 7 peta-joule (PJ) to around 91 PJ by the year 2025.
- Turkey's energy consumption of primary energy and electricity is expected to increase at an average rate of 3.5 per cent, by 2025. Therefore, Turkey is developing an energy policy aimed at securing a reliable supply of energy, as well as to achieve a low-carbon and environmentally sustainable future. Following its policies, Turkey saved around 2,242,500 toe/a of power, in 2018 using the solar water heater.
- Israel has scarce natural resources and is surrounded by hostile nations. Issues with procurement of reliable resources has pushed Israel's government to focus on renewable resources as a means of regular supply. Israel added around 3300 MW of energy in 2018 with 467,000 of toe/a of energy being saved in the same year.
- Owing to the aforementioned factors, the region is expected to witness a significant growth in the solar water heaters market in the coming years.
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What are the market factors that are explained in the report?
Executive Summary: It includes key trends of the global Solar Water Heater market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Personal Protective Equipment market based on production and revenue.
Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Solar Water Heater market.
Market Segments: This part of the report discusses product type and application segments of the global Solar Water Heater market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses the research methodology and approaches Solar Water Heater used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
Finally, the Solar Water Heater Market report is the believable source for gaining Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate and figure, and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.
Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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