What is Solar Water Heater Market?
Solar water heaters convert the sunlight into heat for water heating using a solar thermal collector. It includes storage tanks and solar collectors. It is an economical way to generate hot water. It is a substantial energy saving as solar power is free in contrast to natural gas or fuel. The factors such as High Benefits of the Solar Water Heater and Increasing Demand for Eco-friendly, Reliable and Cost-Effective Technology are driving the global solar water heater market.
The market study is being classified by Type (Active Solar Water Heating Systems and Passive Solar Water Heating Systems), by Application (Residential Use, Industrial Processes and Commercial Buildings) and major geographies with country level break-up.
Rheem Manufacturing Company (United States), Helioakmi S.A. (Greece), Himin Solar Energy (China), EMMVEE SOLAR (India), Sole S.A. (Greece), Sangle Solar Energy Co., Ltd. (China), Havells India Limited (India), Linuo Ritter International Co. Ltd. (China), Rinnai Corporation (Japan) and Bosch Thermotechnik GmbH (Germany) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Wagner Solar UK Ltd (United Kingdom) and Bradford White Corporation (United States).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations.
AdvanceMarketAnalytics has segmented the market of Global Solar Water Heater market by Type, Application and Region.
On the basis of geography, the market of Solar Water Heater has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- High Benefits of the Solar Water Heater
- Increasing Demand for Eco-friendly, Reliable and Cost-Effective Technology
- Increasing Demand for Solar Water Heater with Advanced Features
- Increasing Awareness towards the Effective Utilization of Sustainable Technologies
- High Initial Investment of Solar Water Heater
- Increasing Government Funding for Renewable Energy
- Increasing Demand for Replacement of Existing Water Heaters
- Less Consumer Awareness among Consumers
Recently, Bradford White Water Heaters, provider of the AeroTherm Series Heat Pump Water Heater, has completed an agreement to acquire production assets from the heat pump water heater operations of GE Appliances (GEA), a Haier company.
Key Target AudienceSolar Water Heater Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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