The global solar water heater market is likely to drive growth from recent product advancements. According to a report by Fortune Business Insights, titled “Solar Water Heater Market Size, Share and Global Trend By Collector Type (Flat Plate, Evacuated Tube, Unglazed Water), By System (Thermosiphon, Pumped), By Application (Residential, Commercial, Industrial), and Geography Forecast Till 2027,” the market will grow considerably driven by the emphasis on harnessing solar energy.
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Key Market Driver – Growing demand for energy-efficient water heaters
Key Market Restraint – High initial investment and climatic conditions
A few of the prominent market companies are:
- Apricus Solar Co., Ltd
- V-Guard Industries Ltd.
- Havells India Limited
- Jiaxing Passion New Energy Technology Co., Ltd
- Sole S.A.
- Your Home Tech Limited
- American Water Heaters
- Solar Hot USA, Versol Ltd
- SolarPeak New Zealand Limited
- The Alternative Energy Company
- O. Smith Water Products Company B.V.
- Azuma Solar Corporation
- Haining Onosi New Energy Co., Ltd
- GREENoneTEC Solarindustrie GmbH.
The growing emphasis on conservation of energy has created an emphasis on developing ways to harness non-conventional energy sources. The need to harness solar energy will create a subsequent demand for solar devices. Additionally, the emphasis on solar energy will give rise to innovations in the ways to harness solar energy. The introduction of advanced technologies will lead to an increase in the overall efficiency of the system. The growing awareness regarding global warming and environmental preservation will aid the growth of the global solar water heaters market in the coming years.
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The report on solar water heaters provides a detailed analysis of leading companies operating in the market. The competitive landscape is discussed in detail and based on extensive research methods, forecast values have been drawn for the global solar water heaters market. Besides the competitive scenario, factors such as growth drivers and leading segments are analyzed briefly. The benefits of solar water heaters have enabled the wide adoption of these products across the world. Strict regulations regarding the use of electricity and awareness programs initiated to encourage the use of solar energy are among several factors that have contributed to market growth. The report encompasses several such factors that have made a positive influence on the growth of the global solar water heaters market in recent years.
1. By Collector Type
- Flat Plate
- Evacuated Tube
- Unglazed Water
2. By System
3. By Application
4. By Geography
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
Fortune Business Insights provides a detailed evaluation of the global market by analyzing the factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.
Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
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The increased spending on oil and gas across the world is another factor likely to drive the Solar Water Heater Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the Solar Water Heater Market.
The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive competition and maintain their stronghold.
Major Table of Content For Solar Water Heater Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Solar Water Heater Market Analysis, Insights and Forecast, 2027
- North America Solar Water Heater Market Analysis, Insights and Forecast, 2027
- Europe Solar Water Heater Market Analysis, Insights and Forecast, 2027
- Asia Pacific Solar Water Heater Market Analysis, Insights and Forecast, 2027
- The Middle East and Africa Solar Water Heater Market Analysis, Insights and Forecast, 2027
- Latin America Solar Water Heater Market Analysis, Insights and Forecast, 2027
- Competitive Landscape
- Company Profile
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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