Press release
Solar Water Heater Market Growth, Size, Analysis, Outlook by Trends, Opportunities and Forecast to 2030.
Solar Water Heater Market
The market's expansion can be primarily due to the rising demand for energy-efficient water heating systems that are also environmentally friendly in order to reduce carbon footprint. Along with these, rising solar heater usage brought on by falling prices is anticipated to accelerate market growth in the years to come. China alone accounted for roughly 338 gigawatts of the world's total solar water heating capacity in 2018, or about 70% of it. Furthermore, it is anticipated that the industry will soon have a wealth of development potential due to the expanding number of government initiatives aimed at decreasing emissions and meeting renewable energy goals, as well as the spike in infrastructure investments.
Residential, commercial, and industrial end-user segments make up the market; of these, it is predicted that the residential segment would account for the biggest proportion of the global market for solar water heaters. This can be attributed to the rise in investments in the renovation and re-establishment of existing residential establishments using sustainable construction methods, as well as the growth in the construction of green residential structures. In addition, the glazed sector is anticipated to grow at the fastest rate among all types over the course of the projection period due to the higher solar efficiency offered by these heaters. In addition to these, glazing decreases the temperature difference between the water entering and leaving the absorber, which is also expected to increase market segment growth.
Get Free Sample Report: https://wemarketresearch.com/sample-request/solar-water-heater-market/313/
Technology Perspectives
Demand for evacuated tube collectors is anticipated to increase because to its minimal maintenance requirements, modest storage needs, and significant potential for energy conversion (ETC). The market for these systems was worth USD 886.9 million in 2016, and they are favoured for industrial and commercial applications in chilly climates.
By 2025, flat plate collector (FPC) volume is anticipated to reach 863.6 thousand units. One of the key features that encourages the acceptance of these goods is their straightforward design, which is combined with their reasonable pricing, ease of installation, and ease of use. In the smaller commercial and residential sectors, FPC units are widely desired.
Key Trends of Global Solar Water Heater Market:
Solar energy saves a lot of non-renewable energy
Solar water heaters prove to be advantageous, as they heat water solely on the basis of solar radiations without the requirement of any other fuel. Use of solar energy saves a lot of non-renewable energy required for heating water. Governments of several countries and regional regulatory bodies have been emphasizing on substituting non-renewable energy sources with renewable ones. Nowadays, large builders and construction companies provide solar water heater systems in residential complexes and commercial complexes such as hotels, hostels, and lodges as a part of the amenities.
Segmental Analysis of Global Solar Water Heater Market:
Based on Type
• Glazed
• Unglazed
The glazed water heater segment accounted for significant market share, owing to high efficiency of glazed collectors. Glazed water heater can absorb much sunlight than unglazed water heater, which makes it suitable for different climates throughout the year.
Based on Capacity
• 100 L
• 150 L
• 200 L
• Others
Solar water heater of 200 Liter capacity accounted for highest market share. This is attributed to rise in demand from the residential sector for various small scale applications in household.
Based on End-user
• Residential
• Commercial
• Industrial
The residential solar water heater segment accounted for significant market share, owing to rise in investment in the construction sector in re-establishment and refurbishment of buildings. The commercial solar water heater segment is expected to witness steady growth.
Competitive Landscape:
Himin Solar Energy Group, V-Guard Industries Ltd, Ariston Thermo SpA, KODSAN, Solav Energy, Zhejiang JiaDeLe Solar Energy Co., Ltd., Solahart, Jiangsu Sunpower Solar Technology Co.,ltd, A. O. Smith India Water Products Pvt. Ltd., and Alternate Energy Technologies.
Buy This Report: https://wemarketresearch.com/purchase/solar-water-heater-market/313/?license=single
Frequently Asked Questions
What is the growth rate projection for Global Solar Water Heater Market over the forecast period 2022-2030?
Which regional segment accounts for the largest revenue in the Global Solar Water Heater Market?
What are the key trends of Global Solar Water Heater Market?
How many segments have been Global Solar Water Heater Market?
What are the prime strategies of the leading market players in Global Solar Water Heater Market?
Contact Us:
We Market Research
Phone: +1(650)-666-4592
Email: sales@wemarketresearch.com
Web: https://wemarketresearch.com/
About We Market Research:
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Solar Water Heater Market Growth, Size, Analysis, Outlook by Trends, Opportunities and Forecast to 2030. here
News-ID: 2739547 • Views: …
More Releases from We Market Research
Semiconductor Manufacturing Equipment Market Is Projected To Reach USD 149,700 M …
The global Semiconductor Manufacturing Equipment market size was valued at USD 91,200 million in 2022 and is projected to reach USD 149,700 million by 2033, growing at a CAGR of 10.5% during the forecast period.
Equipment used to generate different semiconductor goods is referred to as semiconductor equipment and is a crucial supporting component in the semiconductor industrial chain. The semiconductor business is technologically led by semiconductor equipment. The creation of…
Satellite Ground Station Market Is Projected To Reach USD 115,860 Million By 203 …
The global Satellite Ground Station market size was valued at USD 61,350 million in 2022 and is projected to reach USD 115,860 million by 2033, growing at a CAGR of 13.8% during the forecast period.
The market for buildings, furnishings, and devices that are used to communicate with and manage satellites is referred to as the global satellite ground station market. Establishing communication channels, sending and receiving data, and managing satellite…
Video Surveillance as a Service (VSaaS) Market Analysis by Type, Vertical -Forec …
Introduction
The global video surveillance as a service (VSaaS) market has witnessed substantial growth in recent years. With advancements in technology and the increasing need for enhanced security measures, businesses and organizations are turning to VSaaS solutions to monitor and protect their assets. This article explores the key aspects of the Global Video Surveillance As A Service Market, including market trends, growth drivers, and the major players in the industry.
Click Here,…
R600a Refrigerant Market by Type, By Application And By Region, Forecast From 20 …
Introduction
Welcome to our in-depth analysis of the Global R600a Refrigerant Market. In this article, we will explore the various aspects of the market, including its current state, growth prospects, key players, and future trends. R600a refrigerant, also known as isobutane, is a hydrocarbon with excellent thermodynamic properties that make it suitable for a wide range of refrigeration applications. With increasing concerns about environmental impact, R600a has gained significant traction due…
More Releases for Solar
Biohybrid Solar Cell Market Professional Survey Report 2022 - Jinko Solar, JA SO …
The Biohybrid Solar Cell Market Report 2022 provides a comprehensive analysis of observable trends and projections. This research shows how to attract a large number of customers. Our certified crew of economists, researchers, and advisers has made further attempts in projecting the global industry by utilising accredited global Biohybrid Solar Cell market information tools as well as various instruments and ways to successfully review and get information. The research argues…
Home Solar Power System Market Size, Share, Trends, Growth - Tesla, Panasonic So …
The Global Home Solar Power System Market study includes new innovations, market dynamics, strategic profiling in terms of the future market strategies and shares for the subsectors of the industry. This research consists of details related to the size of the industries, the major players, markets, sales volume and value. This study offers a detail data on the historical data pointers as well as forecasts by region/country for the sectors…
Solar PV Module Market Outlook To 2024 - Trina Solar, Canadian Solar Inc., JA So …
Solar PV module market from utility sector has witnessed a substantial growth globally in recent years. In the first quarter of the year, Vietnam's Ministry of Industry and Trade have talked about their FiT scheme related to utility-based solar power projects. Ongoing electrification programs and incentives benefit pertaining to grid connected power generation is surging the demand for on-grid solar PV modules. On-grid connection represented 55% of the overall solar…
Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte …
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others.
This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies such…
Solar PV Module Market By Key Vendors: Trina Solar, Canadian Solar Inc., JA Sola …
UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook.
Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/1563
Solar PV Module Market size…
Global Solar Photovoltaic Installations Market 2017: Key Players – BENQ Solar, …
Summary
WiseGuyReports.com adds “Solar Photovoltaic Installations Market 2017 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2022” reports to its database.
This report provides in depth study of “Solar Photovoltaic Installations market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Solar Photovoltaic Installations Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an…
