Press release
Solar Water Heater Market to exceed $4bn by 2024
Growing demand for environment friendly, cost effective and reliable systems for water heating purposes across commercial, industrial, and residential sector will augment the solar water heater market. Ability to reduce electricity bill by 50% to 80% will encourage the product penetration over the forecast timeline.
China solar water heater market size is predicted to exceed 45GWth by 2024. Introduction of green building regulations and standards to curb greenhouse gas emissions will positively impact the business landscape. Technological innovation in evacuated tube collector design to reduce the cost and improve efficiency of solar thermal system will further boost the product demand.
Thermosyphon solar water heater market is predicted to witness strong growth owing to its wide application across commercial and residential buildings. Cost effectiveness, ease of installation and simple design are some of the primary benefits which will boost the product penetration.
Request for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/2219
Favorable measures to encourage the deployment of solar energy along with strict government regulations to reduce greenhouse gas emissions will propel the U.S. solar water heater market share. Under the Obama administration, the country set target to reduce GHG emissions up to 28% by 2025 from 2005 level. Positive outlook towards housing sector will further complement the business growth.
Italy in 2016, accounted for over 5% of the Europe solar water heater market share. Introduction of building code with an aim to reduce the overall emissions will further boost the product demand. In March 2011, the government of Italy introduced law number 28 according to which all new building and buildings that are under construction have been required to fulfil up to 50% of hot water demand with renewable energies since June 2012.
Revamp of social housing program for lower income families will drive the Brazil solar water heater market. In August 2016, the United Nation relaunched the Minha Casa, Minha Vida, a social housing program for lower income group which mandated installation of SWH in new buildings.
Increasing investment toward renewable energy development will augment the Jordan solar water heater market. In 2016, the EU invested USD 170.56 million to support the development of green energy including Renewable Energy and Energy Efficiency II program in Jordan under the 2014-2017 bilateral strategy.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2219
Several merger and acquisition strategies has been witnessed in the industry to enhance its market penetration. In September 2016, Rheem and Fujitsu General Limited entered in strategic collaboration to expand its heating and cooling product portfolio across North America.
Solar water heater system is cost effective collector which convert radiant into heat to generate hot water utilizing solar thermal collector. It consists of water storage tank and collector. The collector absorbs sun light and transfers it to the water stored in the tank. The system is suitable for residential, commercial and industrial applications. Its ability to reduce carbon emission by 30% makes its adoption preferable over other alternates.
Browse Related Report
Distributed Solar PV Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development, Price Trend, Competitive Market Share & Forecast, 2016 – 2023
https://www.gminsights.com/industry-analysis/distributed-solar-pv-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
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 to exceed $4bn by 2024 here
News-ID: 865319 • Views: …
More Releases from Global Market Insights
Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers.
Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several…
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies.
Meanwhile, yet other company, Boston Metal has declared having raised over USD 20…
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against…
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses.
Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet…
More Releases for Introduction
Introduction to new services
We are happy to announce that as a top digital marketing agency in Pakistan, we are also going to introduce some other services as well. These services are quite affordable for all small businesses and entrepreneurs.
My Online Campaign
255 Karachi, Pakistan
We are digital transformation experts who innovate and deliver.
We help you bring innovative products and services to the world.
Our digital services help organizations address complex business challenges and changing user expectations.…
Frenchie Africa Introduction
Johannessburg, Gauteng, South Africa, 17 February 2021 – Frenchie Africa has announced the initiation of their website and Social Media channels to the public.
Frenchie Africa will follow the journey of two French Bulldogs, Bakari and Jamani as they grow up in Africa.
From their homebase, a small but cozy, custom-built log cabin in South Africa, Frenchie Africa will chronicle the lives of Bakari and Jamani and their owners Ross and…
Versionone at a glance: introduction
One of the best known tools for agile project management is VERSION ONE. This tool in the Enterprise edition is the first one that we review in our agile tools review series.
Version One as Enterprise edition is a very mature and powerful tool for managing agile teams.
Pros:
1. Free entry edition: It’s a free for one team (Team Edition, SaaS).
2. Maintenance of backlogs: Easy to create and maintain product and sprint backlogs.
3. Drag&Drop features:…
Introduction to MOST Basics
The MOST Cooperation, the organization through which the leading automotive multimedia network Media Oriented Systems Transport (MOST) is standardized, is starting a training program on MOST basics for its member companies. It has prepared a complimentary one-day seminar syllabus to provide an introduction to MOST Technology. "With this technical course, the MOST Cooperation is seeking to provide information on MOST to all engineers and developers who are new to working…
Introduction of me-domains
The me-domain is an Internet country code top-level domain (ccTLD) that has been assigned to Montenegro. This follows Montenegro\'s June 3, 2006 declaration of independence from Serbia and Montenegro, which used the code YU.
The .me registry is operated by the University of Montenegro on behalf of the government. A two-year transition period is to be provided for existing .yu names to be transferred to .me.
In addition to declaring .me to…
Introduction of T2 in Hannover
13th of September 2007: Torsten Zimmermann spoke at the CBG user convention, Hannover, and explained some of the latest T2 inventions. In accordance to the convention’s motto "test automation", he presented the automated T2 test run.
He explained the bus concept and how the T2 platform supports all test phases: form the first planning steps up to the test completion. The new fineplanning and environment management modules fill two control and…
