Solar Water Heater Market Poised for Steady Growth by 2032, Industry Trends, Forecasts, and Strategic Outlook

Pune, India: The global Solar Water Heater market is brilliantly evaluated in the research study that explores vital aspects such as market competition, segmentation, revenue and production growth, and regional expansion. The authors of the report have provided a thorough assessment of the global Solar Water Heater market on the basis of CAGR, sales, consumption, price, gross margin, and other significant factors. We have studied key players of the global Solar Water Heater market, taking into account their recent developments, geographical market growth, footprint, market expansion, production, and areas served. Our key findings and recommendations have proven quite helpful for both established and new players in the global Solar Water Heater market.

The global Solar Water Heater market was valued at US$ 3900 million in 2025 and is anticipated to reach US$ 4945 million by 2032, witnessing a CAGR of 3.5% during the forecast period 2026-2032.

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The primary and secondary resources we use are recognized by industry experts. Our unfailing, consistent research methodology and tools are authentic and reliable. The comprehensive report allows market participants such as stakeholders, investors, and companies to have a broader, wider, and deeper evaluation of the global Solar Water Heater market. This enables them to cement a strong position and ensure lasting success in the global Solar Water Heater market. We have segmented the global Solar Water Heater market according to type of product, application, and geography. Each segment is analyzed in detail, considering their market shares, revenue growth, CAGR, and other important factors.

As global demand for green energy increases, the solar water heater market shows strong growth potential. Key drivers include rising energy prices, stricter environmental regulations, technological innovations, and growing consumer demand for energy-efficient products. The widespread adoption of solar water heaters can reduce reliance on conventional energy sources, lower energy costs for households and businesses, and align with the global trend of low-carbon development.

However, the market also faces several challenges and risks. First, the initial investment cost of solar water heaters is relatively high, which may pose a barrier to purchase for many developing countries or low-income households. Second, weather and regional differences have a significant impact on the performance of solar water heaters, especially in areas with unstable sunlight or cold climates, where their performance and efficiency may be compromised. Additionally, market technological developments still face some challenges, such as improving the thermal efficiency of collectors and enhancing the insulation performance of storage systems.

The market concentration is relatively high, especially in countries and regions with advanced technologies and well-developed industrial chains, where major manufacturers dominate the market. At the same time, with technological advancements, an increasing number of innovative products are emerging, such as smart control systems and automatic water temperature regulation systems. The application of these new technologies is expected to further improve the efficiency and user experience of solar water heaters, driving sustained market growth.

In terms of downstream demand, there is rapid growth in the demand for solar water heaters in both residential and commercial sectors, particularly in sunny regions. Government subsidies and tax incentives have also played a role in promoting consumer purchasing willingness. With the continuous progress of solar technology and declining costs, the market is expected to experience even faster growth in the coming years.

Competitive Landscape

Leading players of the global Solar Water Heater market are analyzed taking into account their market share, recent developments, new product launches, partnerships, mergers or acquisitions, and markets served. We also provide an exhaustive analysis of their product portfolios to explore the products and applications they concentrate on when operating in the global Solar Water Heater market. Furthermore, the report offers two separate market forecasts - one for the production side and another for the consumption side of the global Solar Water Heater market. It also provides useful recommendations for new as well as established players of the global Solar Water Heater market.

Key Players Mentioned in the Global Solar Water Heater Market Research Report:

Rheem Manufacturing Company
Shandong Sangle Group
Helioakmi S.A.
Himin Solar Energy Group
Sunrain
Jiaxing Jinyi
Sole S.A.
HITEK
Sunpower Solar
SunEarth
Inc.
Viessmann Group
V-Guard Industries Ltd
SunTank
GMO Water Heater
Alternate Energy
Bradford White
Solahart Industries

Market Segmentation

Our market analysts are experts in deeply segmenting the global Solar Water Heater market and thoroughly evaluating the growth potential of each and every segment studied in the report. Right at the beginning of the research study, the segments are compared on the basis of consumption and growth rate for a review period of nine years. The segmentation study included in the report offers a brilliant analysis of the global Solar Water Heater market, taking into consideration the market potential of different segments studied. It assists market participants to focus on high-growth areas of the global Solar Water Heater market and plan powerful business tactics to secure a position of strength in the industry.

Segment by Type:

Pressurized Solar Water Heater
Non Pressure Solar Water Heater

Segment by Application:

Residential Use
Commercial Use
Industrial Systems

Regional Insights

Solar Water Heater market research study is incomplete without regional analysis, and we are well aware of it. That is why, the report includes a comprehensive and all-inclusive study that solely concentrates on the geographical growth of the global Solar Water Heater market. The study also includes accurate estimations about market growth at the global, regional, and country levels. It empowers you to understand why some regional markets are flourishing while others are seeing a decline in growth. It also allows you to focus on geographies that hold the potential to create lucrative prospects in the near future.

Five-Year Outlook for Investors, Researchers, and Manufacturers (2025-2031)

If you are looking for the best route to enter or establish your business in the global Solar Water Heater market, you can use our report that offers top market analysis and advice. Our route-to-market analytics will help you to maximize your revenue generation. We have sufficient domain knowledge and expertise in supply chain management to provide the best route-to-market analytics. Furthermore, our analysts are experts in providing in-depth market analysis, which means you will be exposed to some great insights into critical aspects of the global Solar Water Heater market.

The encyclopedic research study offers analysis that will help you to optimally manage your business portfolio as you take a multi-level strategic approach. The report focuses on downstream and upstream growth prospects, the benchmarking of business segments to allow selections on the basis of long-term growth, and micro-level as well as macro-level analysis of the global Solar Water Heater market. We also provide granular level analysis where segments are analyzed on a singular level while offering key market forecasts, estimations, and analysis.

The report can also be used as a resource for distribution network management and partner selection. Starting with the dissection of the industry value chain, we provide complete research on distribution and vendor management. Our research will help you to minimize distribution costs and also help you with selection as we benchmark vendors. You will be able to identify appropriate vendors and channel partners and find earning and profit margin opportunities across the global Solar Water Heater market with the help of backward and forward integration. In addition, we provide insights about key market players of the global Solar Water Heater market and their presence in the distribution network.

What to expect in our report?

(1) A complete section of the Solar Water Heater market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the global Solar Water Heater market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the global Solar Water Heater market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the global Solar Water Heater market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Solar Water Heater Market report.

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Table of Content

"1 Solar Water Heater Market Overview
1.1 Product Definition
1.2 Solar Water Heater Market by Type
1.2.1 Global Solar Water Heater Market Value by Type (2021-2032)
1.2.2 Pressurized Solar Water Heater
1.2.3 Non Pressure Solar Water Heater
1.3 Solar Water Heater Market by Heating Method
1.3.1 Global Solar Water Heater Market Value by Heating Method (2021-2032)
1.3.2 Direct Solar Water Heater
1.3.3 Indirect Solar Water Heater
1.4 Solar Water Heater Market By Energy Source
1.4.1 Global Solar Water Heater Market Value By Energy Source (2021-2032)
1.4.2 Fully Solar-Powered Systems
1.4.3 Hybrid Systems
1.5 Solar Water Heater by Application
1.5.1 Global Solar Water Heater Market Value by Application (2021-2032)
1.5.2 Residential Use
1.5.3 Commercial Use
1.5.4 Industrial Systems
1.6 Global Market Growth Prospects
1.6.1 Global Solar Water Heater Revenue (2021-2032)
1.6.2 Global Solar Water Heater Sales (2021-2032)
1.6.3 Global Solar Water Heater Market Average Price (2021-2032)
1.7 Assumptions and Limitations
1.8 Study Objectives
1.9 Years Considered
2 Key Insights
2.1 Key Emerging Trends
2.2 Key Developments - Mergers Acquisitions, New Product Launches, Collaborations, Partnerships and Joint Ventures
2.3 Latest Technological Advancements
2.4 Insights on Regulatory Scenarios
2.5 Porters Five Forces Analysis
3 Manufacturers Competitive Analysis
3.1 Global Solar Water Heater Revenue by Manufacturer (2021-2026)
3.2 Global Solar Water Heater Sales by Manufacturer (2021-2026)
3.3 Global Solar Water Heater Average Price by Manufacturer (2021-2026)
3.4 Solar Water Heater Company Evaluation Quadrant
3.5 Industry Rank
3.5.1 Global Key Players of Solar Water Heater, Industry Ranking, 2024 VS 2025
3.5.2 Global Solar Water Heater Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.5.3 Global Solar Water Heater Market Concentration Rate
3.5.4 Global 5 and 10 Largest Solar Water Heater Players Market Share by Revenue
3.6 Solar Water Heater Market: Overall Company Footprint Analysis
3.6.1 Solar Water Heater Market: Region Footprint
3.6.2 Solar Water Heater Market: Company Product Type Footprint
3.6.3 Solar Water Heater Market: Company Product Application Footprint
3.6.4 Global Key Manufacturers of Solar Water Heater, Date of Enter into This Industry
3.7 Competitive Environment
3.7.1 Historical Structure of the Industry
3.7.2 Barriers of Market Entry
3.7.3 Factors of Competition
4 Manufacturers Profiles
4.1 Rheem Manufacturing Company
4.1.1 Rheem Manufacturing Company Solar Water Heater Details
4.1.2 Rheem Manufacturing Company Solar Water Heater Product and Services
4.1.3 Rheem Manufacturing Company Solar Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.1.4 Rheem Manufacturing Company Major Business
4.1.5 Rheem Manufacturing Company Recent Developments/Updates
4.2 Shandong Sangle Group
4.2.1 Shandong Sangle Group Solar Water Heater Details
4.2.2 Shandong Sangle Group Solar Water Heater Product and Services
4.2.3 Shandong Sangle Group Solar Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.2.4 Shandong Sangle Group Major Business
4.2.5 Shandong Sangle Group Recent Developments/Updates
4.3 Helioakmi S.A.
4.3.1 Helioakmi S.A. Solar Water Heater Details
4.3.2 Helioakmi S.A. Solar Water Heater Product and Services
4.3.3 Helioakmi S.A. Solar Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.3.4 Helioakmi S.A. Major Business
4.3.5 Helioakmi S.A. Recent Developments/Updates
4.4 Himin Solar Energy Group
4.4.1 Himin Solar Energy Group Solar Water Heater Details
4.4.2 Himin Solar Energy Group Solar Water Heater Product and Services
4.4.3 Himin Solar Energy Group Solar Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.4.4 Himin Solar Energy Group Major Business
4.4.5 Himin Solar Energy Group Recent Developments/Updates
4.5 Sunrain
4.5.1 Sunrain Solar Water Heater Details
4.5.2 Sunrain Solar Water Heater Product and Services
4.5.3 Sunrain Solar Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.5.4 Sunrain Major Business
4.5.5 Sunrain Recent Developments/Updates
4.6 Jiaxing Jinyi
4.6.1 Jiaxing Jinyi Solar Water Heater Details
4.6.2 Jiaxing Jinyi Solar Water Heater Product and Services
4.6.3 Jiaxing Jinyi Solar Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.6.4 Jiaxing Jinyi Major Business
4.6.5 Jiaxing Jinyi Recent Developments/Updates
4.7 Sole S.A.
4.7.1 Sole S.A. Solar Water Heater Details
4.7.2 Sole S.A. Solar Water Heater Product and Services
4.7.3 Sole S.A. Solar Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.7.4 Sole S.A. Major Business
4.7.5 Sole S.A. Recent Developments/Updates
4.8 HITEK
4.8.1 HITEK Solar Water Heater Details
4.8.2 HITEK Solar Water Heater Product and Services
4.8.3 HITEK Solar Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.8.4 HITEK Major Business
4.8.5 HITEK Recent Developments/Updates
4.9 Sunpower Solar
4.9.1 Sunpower Solar Solar Water Heater Details
4.9.2 Sunpower Solar Solar Water Heater Product and Services
4.9.3 Sunpower Solar Solar Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.9.4 Sunpower Solar Major Business
4.9.5 Sunpower Solar Recent Developments/Updates
4.10 SunEarth, Inc.
4.10.1 SunEarth, Inc. Solar Water Heater Details
4.10.2 SunEarth, Inc. Solar Water Heater Product and Services
4.10.3 SunEarth, Inc. Solar Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.10.4 SunEarth, Inc. Major Business
4.10.5 SunEarth, Inc. Recent Developments/Updates
4.11 Viessmann Group
4.11.1 Viessmann Group Solar Water Heater Details
4.11.2 Viessmann Group Solar Water Heater Product and Services
4.11.3 Viessmann Group Solar Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.11.4 Viessmann Group Major Business
4.11.5 Viessmann Group Recent Developments/Updates
4.12 V-Guard Industries Ltd
4.12.1 V-Guard Industries Ltd Solar Water Heater Details
4.12.2 V-Guard Industries Ltd Solar Water Heater Product and Services
4.12.3 V-Guard Industries Ltd Solar Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.12.4 V-Guard Industries Ltd Major Business
4.12.5 V-Guard Industries Ltd Recent Developments/Updates
4.13 SunTank
4.13.1 SunTank Solar Water Heater Details
4.13.2 SunTank Solar Water Heater Product and Services
4.13.3 SunTank Solar Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.13.4 SunTank Major Business
4.13.5 SunTank Recent Developments/Updates
4.14 GMO Water Heater
4.14.1 GMO Water Heater Solar Water Heater Details
4.14.2 GMO Water Heater Solar Water Heater Product and Services
4.14.3 GMO Water Heater Solar Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.14.4 GMO Water Heater Major Business
4.14.5 GMO Water Heater Recent Developments/Updates
4.15 Alternate Energy
4.15.1 Alternate Energy Solar Water Heater Details
4.15.2 Alternate Energy Solar Water Heater Product and Services
4.15.3 Alternate Energy Solar Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.15.4 Alternate Energy Major Business
4.15.5 Alternate Energy Recent Developments/Updates
4.16 Bradford White
4.16.1 Bradford White Solar Water Heater Details
4.16.2 Bradford White Solar Water Heater Product and Services
4.16.3 Bradford White Solar Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.16.4 Bradford White Major Business
4.16.5 Bradford White Recent Developments/Updates
4.17 Solahart Industries
4.17.1 Solahart Industries Solar Water Heater Details
4.17.2 Solahart Industries Solar Water Heater Product and Services
4.17.3 Solahart Industries Solar Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.17.4 Solahart Industries Major Business
4.17.5 Solahart Industries Recent Developments/Updates
5 Consumption Analysis by Region
5.1 Global Solar Water Heater Market Size by Region
5.1.1 Global Solar Water Heater Consumption Value by Region: 2021 VS 2025 VS 2032
5.1.2 Global Solar Water Heater Consumption Value by Region (2021-2026)
5.1.3 Global Solar Water Heater Consumption Value by Region (2027-2032)
5.1.4 Global Solar Water Heater Consumption Value Market Share by Region (2021-2032)
5.2 Global Solar Water Heater Sales Quantity by Region
5.2.1 Global Solar Water Heater Sales Quantity by Region: 2021 VS 2025 VS 2032
5.2.2 Global Solar Water Heater Sales Quantity by Region (2021-2026)
5.2.3 Global Solar Water Heater Sales Quantity by Region (2027-2032)
5.2.4 Global Solar Water Heater Sales Quantity Market Share by Region (2021-2032)
5.3 Global Solar Water Heater Average Price by Region
5.4 North America Solar Water Heater Consumption Value (2021-2032)
5.5 Europe Solar Water Heater Consumption Value (2021-2032)
5.6 Asia-Pacific Solar Water Heater Consumption Value (2021-2032)
5.7 South America Solar Water Heater Consumption Value (2021-2032)
5.8 Middle East & Africa Solar Water Heater Consumption Value (2021-2032)
6 Market Scenario by Region & Country
6.1 Global Solar Water Heater Consumption Value by Region & Country: 2021 VS 2025 VS 2032
6.2 Global Solar Water Heater Consumption Value by Region & Country (2021-2032)
6.3 Global Solar Water Heater Sales Quantity by Region & Country (2021-2032)
6.4 Global Solar Water Heater Average Price by Region & Country (2021-2032)
6.5 North America Solar Water Heater Market Facts & Figures by Country
6.5.1 North America Solar Water Heater Consumption Value by Country: 2021 VS 2025 VS 2032
6.5.2 North America Solar Water Heater Sales Quantity by Country (2021-2032)
6.5.3 North America Solar Water Heater Consumption Value by Country (2021-2032)
6.5.4 U.S.
6.5.5 Canada
6.6 Europe Solar Water Heater Market Facts & Figures by Country
6.6.1 Europe Solar Water Heater Consumption Value by Country: 2021 VS 2025 VS 2032
6.6.2 Europe Solar Water Heater Sales Quantity by Country (2021-2032)
6.6.3 Europe Solar Water Heater Consumption Value by Country (2021-2032)
6.6.4 Germany
6.6.5 France
6.6.6 U.K.
6.6.7 Italy
6.6.8 Russia
6.7 Asia Pacific Solar Water Heater Market Facts & Figures by Region
6.7.1 Asia Pacific Solar Water Heater Market Size by Region: 2021 VS 2025 VS 2032
6.7.2 Asia Pacific Solar Water Heater Sales Quantity by Region (2021-2032)
6.7.3 Asia Pacific Solar Water Heater Consumption Value by Region (2021-2032)
6.7.4 China
6.7.5 Japan
6.7.6 South Korea
6.7.7 India
6.7.8 Australia
6.7.9 China Taiwan
6.7.10 Indonesia
6.7.11 Thailand
6.7.12 Malaysia
6.7.13 Philippines
6.8 South America Solar Water Heater Market Facts & Figures by Country
6.8.1 South America Solar Water Heater Market Size by Country: 2021 VS 2025 VS 2032
6.8.2 South America Solar Water Heater Sales Quantity by Country (2021-2032)
6.8.3 South America Solar Water Heater Consumption Value by Country
6.8.4 Mexico
6.8.5 Brazil
6.8.6 Argentina
6.9 Middle East and Africa Solar Water Heater Market Facts & Figures by Country
6.9.1 Middle East and Africa Solar Water Heater Market Size by Country: 2021 VS 2025 VS 2032
6.9.2 Middle East and Africa Solar Water Heater Sales Quantity by Country (2021-2032)
6.9.3 Middle East and Africa Solar Water Heater Consumption Value by Country
6.9.4 Turkey
6.9.5 Saudi Arabia
6.9.6 U.A.E
7 Segment by Type
7.1 Global Solar Water Heater Sales Quantity by Type (2021-2032)
7.1.1 Global Solar Water Heater Sales Quantity by Type (2021-2026)
7.1.2 Global Solar Water Heater Sales Quantity by Type (2027-2032)
7.1.3 Global Solar Water Heater Sales Quantity Market Share by Type (2021-2032)
7.2 Global Solar Water Heater Revenue by Type (2021-2032)
7.2.1 Global Solar Water Heater Revenue by Type (2021-2026)
7.2.2 Global Solar Water Heater Revenue by Type (2027-2032)
7.2.3 Global Solar Water Heater Revenue Market Share by Type (2021-2032)
7.3 Global Solar Water Heater Price by Type (2021-2032)
8 Segment by Application
8.1 Global Solar Water Heater Sales Quantity by Application (2021-2032)
8.1.1 Global Solar Water Heater Sales Quantity by Application (2021-2026)
8.1.2 Global Solar Water Heater Sales Quantity by Application (2027-2032)
8.1.3 Global Solar Water Heater Sales Quantity Market Share by Application (2021-2032)
8.2 Global Solar Water Heater Revenue by Application (2021-2032)
8.2.1 Global Solar Water Heater Revenue by Application (2021-2026)
8.2.2 Global Solar Water Heater Revenue by Application (2027-2032)
8.2.3 Global Solar Water Heater Revenue Market Share by Application (2021-2032)
8.3 Global Solar Water Heater Price by Application (2021-2032)
9 Industry Chain and Sales Channels Analysis
9.1 Solar Water Heater Industry Chain Analysis
9.2 Solar Water Heater Key Raw Materials
9.2.1 Key Raw Materials
9.2.2 Raw Materials Key Suppliers
9.3 Solar Water Heater Production Mode & Process
9.4 Solar Water Heater Sales and Marketing
9.4.1 Solar Water Heater Sales Channels
9.4.2 Solar Water Heater Distributors
9.5 Solar Water Heater Customers
10 Research Findings and Conclusion
11 Appendix
11.1 Research Methodology
11.1.1 Methodology/Research Approach
11.1.1.1 Research Programs/Design
11.1.1.2 Market Size Estimation
11.1.1.3 Market Breakdown and Data Triangulation
11.1.2 Data Source
11.1.2.1 Secondary Sources
11.1.2.2 Primary Sources
11.2 Author Details
11.3 Disclaimer

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