Press release
GCC Solar Water Heater Market Expected to Reach a Volume of Around 7593 MWt by 2022
Request sample report @ http://www.imarcgroup.com/request?type=report&id=801&flag=B
IMARC Group’s latest report, titled “GCC Solar Water Heater Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the GCC solar water heater market reached a volume of 2774 MWt in 2016, growing at a CAGR of nearly 32% during 2009-2016. Solar water heaters refer to devices that use solar energy from the sun to heat water. They are available in several designs, all including a solar collector to collect solar energy and a storage tank to store the hot water. The solar collector needs to be placed in an open area where it can receive plenty of sunlight, without any obstruction. The water gets heated due to the diffused radiation in the atmosphere, which results in a steady supply of hot water.
Highlights of the GCC Solar Water Heater Market:
Ease of maintenance and reduced electricity bills remain the primary growth driving factors.
On the basis of type, flat plate collector accounts for the majority of the market share.
Saudi Arabia holds the majority of the global share, representing the largest market.
Solar water heaters are gaining popularity in the GCC region on account of the numerous benefits they provide. The system is easy to install and requires maintenance only once in every few years. After the initial installation of solar water heaters, consumers start receiving financial benefits such as reduced electricity bills. Another factor contributing to the solar water heater market is the environment-friendly nature of the system. As solar water heaters use a renewable source of energy, the carbon dioxide emissions are drastically reduced. Further, the use of solar water heaters helps to decrease the region’s reliance on foreign energy sources, leading to the domestic market growth. According to the report, the market is further expected to reach a volume of around 7593 MWt by 2022.
The market has been segmented on the basis of type. Currently, flat plate collector accounts for the majority of the market share. The market has also been segmented on the basis of end-use, covering commercial, residential, government buildings and others. Country-wise, Saudi Arabia represents the leading market for solar power heaters. Some of the key players operating in the market are Ariston, Viessman and Ecotherm.
Read full report with TOC @ http://www.imarcgroup.com/gcc-solar-water-heater-market
The report has examined the GCC solar water heater market on the basis of:
Product Type:
Flat plate collector
Evacuated tube collector
Unglazed water collector
End-use:
Commercial
Residential
Government buildings
Others
Region:
Saudi Arabia
UAE
Kuwait
Oman
Qatar
Bahrain
Major Manufacturers:
Ariston
Viessman
Ecotherm
Browse related reports :
Solar Electric System Market @ http://www.imarcgroup.com/prefeasibility-report-solar-electric-systems-manufacturing-plant
Power Inverter Market @ http://www.imarcgroup.com/prefeasibility-report-power-inverter-manufacturing-plant
About us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact us
IMARC Group
309 2nd St, Brooklyn, NY 11215, USA
Website: www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
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 GCC Solar Water Heater Market Expected to Reach a Volume of Around 7593 MWt by 2022 here
News-ID: 673359 • Views: …
More Releases from IMARC Group
Top 15 Leading Commercial Refrigeration Manufacturers in The World 2024
Commercial Refrigeration Companies
Top commercial refrigeration companies are investing in research and development (R&D) to introduce advanced products that offer enhanced efficiency, better temperature management, and reduced environmental impact. Additionally, companies are integrating internet of things (IoT) technology to allow for real-time monitoring and management of refrigeration systems, which helps in reducing operational costs and improving food safety by maintaining optimal conditions. Key players are developing systems that use less power…
Top Generative AI Companies in The World 2024
Global Generative AI Companies
Generative artificial intelligence (AI), also known as generative adversarial networks (GANs) or generative models, works by learning the patterns and features of a dataset and then generating new data instances that resemble the original data. It can create new content, such as images, videos, text, and music, which can be useful in fields like art, design, and entertainment. It can learn the distribution of normal data and…
Vietnam Water Treatment Chemicals Market Share, Demand, Industry Growth And Fore …
IMARC Group's report titled "Vietnam Water Treatment Chemicals Market Report by Type (Coagulants and Flocculants, Corrosion Inhibitors, Scale Inhibitors, Biocides and Disinfectants, Chelating Agents, Anti-Foaming Agents, PH Adjusters and Stabilizers, and Others), End User (Municipal, Power, Oil and Gas, Mining, Chemicals, Food and Beverage, Pulp and Paper, and Others), and Region 2024-2032" Vietnam water treatment chemicals market is projected to exhibit a growth rate (CAGR) of 4.99% during 2024-2032.
The Vietnam water…
Furniture Market Size, Sales Revenue, Industry Growth, Forecast 2024-2032
IMARC Group, a leading market research company, has recently releases report titled "Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032" The global furniture market size reached US$ 660.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 701.7 Billion by 2032.
Request For Sample Copy of Report For More Detailed Market insight: https://www.imarcgroup.com/furniture-market/requestsample
Factors Affecting the Growth of the Furniture Industry:
Rapid Urbanization:
Urban areas are leading…
More Releases for GCC
GCC Contact Lens Market Size, Growth Opportunities, Statistics, Market Scope, Tr …
The GCC Contact Lens Market Report provides a thorough study of the competitive landscape, market participants, geographical regions, and application areas. In order to comprehend future demand and industry prognosis, the research includes a complete assessment of growth variables, market definitions, manufacturers, market potential, and influential trends. The research also contains a comprehensive analysis of the market, taking into account key growth-influencing elements.
The study gives a detailed breakdown of important…
GCC Connected Medical Devices Market Size, Growth Opportunities, Statistics, Mar …
The research report GCC Connected Medical Devices Market Analysis, 2027 published by MarkNtel Advisors is a comprehensive study of the industry's historical, current, & forecasted trends, prepared after rigorously analyzing aspects like growth drivers, restraints, opportunities, challenges, & demand scenarios in order to help stakeholders make informed decisions while investing in the Market, i.e., projected to witness around 20.19% CAGR during 2022-27.
The report comprises detail-driven data associated with the current…
GCC Digital Signage Market-(2017-2023)
Market Forecast By Components (Display Screens, Content Players and Software), By Display Screen Types (Single Screen, Video Wall or Multi Screen and Digital Signage Kiosk), By Display Screen Technologies (LED, OLED and QLED), By Display Screen Size (Below 40", 40"-55" and Above 55"), By End User Applications (Government & Transportation, Retail, Healthcare & Hospitality, Education, Entertainment, Banks & Financial Institutions and Commercial Offices & Buildings), By Countries (Saudi Arabia, Bahrain…
Changing Dynamics of GCC Fertilizer Industry
Market Insights
The changing dynamics of the GCC Fertilizers Market include rising population, falling commodity prices globally, and intense competition from abroad. In 2016, GCC fertilizer sales declined by 21%, to USD 5.2 billion. The same scenario was noted in 2015, wherein, the sales revenue dropped by 10%.
The report provides a detailed analysis of the GCC fertilizer market, which is broadly segmented based on type and geography. Based on the type,…
GCC Digital Signage Market (2017-2023)-6Wresearch
GCC Digital Signage Market (2017-2023): Market Forecast By Components (Display Screens, Content Players and Software), By Display Screen Types (Single Screen, Video Wall or Multi Screen and Digital Signage Kiosk), By Display Screen Technologies (LED, OLED and QLED), By Display Screen Size (Below 40”, 40”-55” and Above 55”), By End User Applications (Government & Transportation, Retail, Healthcare & Hospitality, Education, Entertainment, Banks & Financial Institutions and Commercial Offices & Buildings), By…
GCC Renewable Energy Sector Opportunity Analysis
The world’s largest producer of oil and gas is finding it increasingly difficult to suffice its own needs. An unprecedented increase in population and growth in industrial and economic activity has triggered newfound interest in renewable energy development for six major Middle Eastern economies. Saudi Arabia, UAE, Kuwait, Qatar, Bahrain and Oman, together knows as the Gulf Cooperation Council, have turned their focus towards the exploitation of renewable sources of…
