Global Solar Water Heater Market: Emerging Trends, Major Key Players Himin Solar Energy Group, V-Guard Industries Ltd, Ariston Thermo and KODSAN Company

According to the report, The global Solar Water Heater market size is expected to reach $7.94 Billion by 2028 growing at the CAGR of 6.62% from 2021 to 2028. The major factor driving the growth of the Solar Water Heater market is the rising demand for sustainable energy sources across the globe. A major part of the global population still relies on conventional energy sources like fossil fuels, which are not only depleting but also polluting. As the world seeks to shift to sustainable sources of energy replacement, a key player in this market is the solar water heating system, which offers a stable and environment-friendly option for power generation. The rising need for cost-effective and cleaner methods of domestic and industrial heat generation has increased the adoption of solar water heaters.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global SOLAR WATER HEATER MARKET industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Solar Water Heater Market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Solar Water Heater Market players holding highest market share include Himin Solar Energy Group, V-Guard Industries Ltd, Ariston Thermo and KODSAN Company. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● Himin Solar Energy Group
● V-Guard Industries Ltd
● Ariston Thermo
● KODSAN Company
● Solav Energy
● Zhejiang JiaDeLe Solar Co
● SunPower Corporation
● O. Smith
● Solahart
● Alternate Energy Technologies

Segmental Analysis

Market Segment By Type with focus on market share, consumption trend, and growth rate of SOLAR WATER HEATER MARKET:
● Glazed
● Unglazed
● Others

Market Segment By Capacity with focus on market share, consumption trend, and growth rate of SOLAR WATER HEATER MARKET:
● 100L
● 150L
● 200L
● Others

Market Segment By End-User with a focus on market share, consumption trend, and growth rate of SOLAR WATER HEATER MARKET:
● Residential
● Industrial
● Commercial
● Others

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Global Solar Water Heater Market Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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