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Solar Water Heater Market: Current Analysis and Forecast (2021-2027)

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Solar water heating is a reliable, clean, and cost-effective technology which can save utility bills for thousands of homes and businesses. This technology works by capturing sunlight to produce electrical and thermal energy. This alternative energy source can typically be converted into heat which provides hot water to heat homes and businesses. Solar water heating systems utilize solar thermal heating to deliver hot water in many countries around the world. The most important aspect of this technology is that it can reduce our reliance on fossil fuels.

Solar water heating collectors are used to trap solar energy. These collectors are typically then connected to glazed on unglazed water systems. A typical solar water heating system can save up to 1500 units of electricity every year i.e., for every 100 litres of solar heating capacity per day.

Solar Water Heaters can be used in homes for bathing, washing, and cleaning purposes. For domestic application, 100-300 litres capacity of solar water heaters are suited. For industrial applications larger systems can be used. Solar Water Heaters can obtain up to 60-80 C of hot water. Solar Water Heaters have a lifespan of 15-20 years and has the payback period of 3-4 years to replace electricity-based water heaters, 4-5 years to replace furnace oil and 6-7 years to replace coal.

Based on type, the solar water heater market is segmented into glazed, unglazed. The glazed segment is further segmented into evacuated tube and flat plate. Amongst type, the glazed segment of the market was valued at USD XX million in 2020 and is likely to reach USD XX million by 2027 growing at a CAGR of XX% from 2021-2027.

Based on system, the solar water heater market is segmented into thermosiphon and pumped. Amongst system, thermosiphon segment accounted for a market valuation of USD XX million in 2020 and is expected to reach USD XX million by the year 2027, at a CAGR of XX% over the analysed period.

Based on end-user, the solar water heater market is segmented into residential, commercial, and industrial. the commercial segment is further divided into educational institutes, offices, government buildings, and others. The residential segment generated revenue of USD XX million in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027F.

For a better understanding of the market adoption of Solar Water Heater Industry, the market is analysed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific will dominate the Solar Water Heater market on account of increasing awareness about renewable sources and lower long-term cost of solar water heaters.

Some of the major players operating in the market include Himin Solar Energy Group, V-Guard Industries Ltd, Ariston Thermo SpA, KODSAN, Solav Energy, Zhejiang JiaDeLe Solar Energy Co., Ltd., Solahart, Jiangsu Sunpower Solar Technology Co., ltd, A. O. Smith India Water Products Pvt. Ltd., and Alternate Energy Technologies. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Solar Water Heater Market was valued at USD XX million in 2020 and is projected to expand significantly with a CAGR of XX% from 2021-2027F to USD XX million in 2027. The Solar Water Heater Market is expected to witness a boost on account of its high adoption in the Asia Pacific region.

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Table Of Content

Scope

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Objective of the Study

1.3. Limitation

1.4. Stake Holders

1.5. Currency Used in Report

1.6. Scope of the Solar Water Heater Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Solar Water Heater Market

2.1.1. Main Objective of the Solar Water Heater Market

3 MARKET SYNOPSIS (INDUSTRY AT A GLANCE)

4 EXECUTIVE SUMMARY

5 SOLAR WATER HEATER MARKET REVENUE (USD BN), 2021-2027F

6 COVID-19 IMPACT

7 MARKET INSIGHTS BY TYPE

7.1. Glazed

7.1.1. Evacuated Tube

7.1.2. Flat Plate

7.2. Unglazed

8 MARKET INSIGHTS BY SYSTEM

8.1. Thermosiphon

8.2. Pumped

9 MARKET INSIGHTS BY END-USER

9.1. Residential

9.2. Commercial

9.2.1. Educational Institutes

9.2.2. Offices

9.2.3. Government Buildings

9.2.4. Others

9.3. Industrial

10 MARKET INSIGHTS BY REGION

10.1. NORTH AMERICA SOLAR WATER HEATER MARKET

10.1.1. United States of America

10.1.2. Canada

10.1.3. Rest of North America

10.2. EUROPE SOLAR WATER HEATER MARKET

10.2.1. United Kingdom

10.2.2. Germany

10.2.3. France

10.2.4. Spain

10.2.5. Italy

10.2.6. Rest of Europe

10.3. ASIA-PACIFIC SOLAR WATER HEATER MARKET

10.3.1. China

10.3.2. Japan

10.3.3. India

10.3.4. Australia

10.3.5. Rest of Asia-Pacific

10.4. REST OF THE WORLD SOLAR WATER HEATER MARKET

11 SOLAR WATER HEATER MARKET DYNAMICS

11.1. Drivers

11.2. Challenges

11.3. Impact Analysis

12 SOLAR WATER HEATER MARKET OPPORTUNITIES

13 SOLAR WATER HEATER MARKET TRENDS

14 LEGAL AND REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1. Demand Side Analysis

15.2. Supply Side Analysis

15.2.1. Top Product Launches

15.2.2. Top Business Partnerships

15.2.3. Top Business Expansions, Investments and Divestitures

15.2.4. Top Merger and Acquisitions

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

18.1. Himin Solar Energy Group

18.2. V-Guard Industries Ltd

18.3. Ariston Thermo SpA

18.4. KODSAN

18.5. Solav Energy

18.6. Zhejiang JiaDeLe Solar Energy Co., Ltd.

18.7. Solahart

18.8. Jiangsu Sunpower Solar Technology Co., Ltd.

18.9. A. O. Smith India Water Products Pvt. Ltd.

18.10. Alternate Energy Technologies

19 DISCLAIMER

Licence Rights

Section Purchase

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

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Products and Companies


Companies

Himin Solar Energy Group

V-Guard Industries Ltd

Ariston Thermo SpA

KODSAN

Solav Energy

Zhejiang JiaDeLe Solar Energy Co.

Ltd.

Solahart

Jiangsu Sunpower Solar Technology Co.

Ltd.

A. O. Smith India Water Products Pvt. Ltd.

Alternate Energy Technologies

Company Profile

Company Profile Title

Solar water heating is a reliable, clean, and cost-effective technology which can save utility bills for thousands of homes and businesses. This technology works by capturing sunlight to produce electrical and thermal energy. This alternative energy source can typically be converted into heat which provides hot water to heat homes and businesses. Solar water heating systems utilize solar thermal heating to deliver hot water in many countries around the world. The most important aspect of this technology is that it can reduce our reliance on fossil fuels.

Solar water heating collectors are used to trap solar energy. These collectors are typically then connected to glazed on unglazed water systems. A typical solar water heating system can save up to 1500 units of electricity every year i.e., for every 100 litres of solar heating capacity per day.

Solar Water Heaters can be used in homes for bathing, washing, and cleaning purposes. For domestic application, 100-300 litres capacity of solar water heaters are suited. For industrial applications larger systems can be used. Solar Water Heaters can obtain up to 60-80 C of hot water. Solar Water Heaters have a lifespan of 15-20 years and has the payback period of 3-4 years to replace electricity-based water heaters, 4-5 years to replace furnace oil and 6-7 years to replace coal.

Based on type, the solar water heater market is segmented into glazed, unglazed. The glazed segment is further segmented into evacuated tube and flat plate. Amongst type, the glazed segment of the market was valued at USD XX million in 2020 and is likely to reach USD XX million by 2027 growing at a CAGR of XX% from 2021-2027.

Based on system, the solar water heater market is segmented into thermosiphon and pumped. Amongst system, thermosiphon segment accounted for a market valuation of USD XX million in 2020 and is expected to reach USD XX million by the year 2027, at a CAGR of XX% over the analysed period.

Based on end-user, the solar water heater market is segmented into residential, commercial, and industrial. the commercial segment is further divided into educational institutes, offices, government buildings, and others. The residential segment generated revenue of USD XX million in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027F.

For a better understanding of the market adoption of Solar Water Heater Industry, the market is analysed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific will dominate the Solar Water Heater market on account of increasing awareness about renewable sources and lower long-term cost of solar water heaters.

Some of the major players operating in the market include Himin Solar Energy Group, V-Guard Industries Ltd, Ariston Thermo SpA, KODSAN, Solav Energy, Zhejiang JiaDeLe Solar Energy Co., Ltd., Solahart, Jiangsu Sunpower Solar Technology Co., ltd, A. O. Smith India Water Products Pvt. Ltd., and Alternate Energy Technologies. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Solar Water Heater Market was valued at USD XX million in 2020 and is projected to expand significantly with a CAGR of XX% from 2021-2027F to USD XX million in 2027. The Solar Water Heater Market is expected to witness a boost on account of its high adoption in the Asia Pacific region.

READ MORE

Scope

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Objective of the Study

1.3. Limitation

1.4. Stake Holders

1.5. Currency Used in Report

1.6. Scope of the Solar Water Heater Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Solar Water Heater Market

2.1.1. Main Objective of the Solar Water Heater Market

3 MARKET SYNOPSIS (INDUSTRY AT A GLANCE)

4 EXECUTIVE SUMMARY

5 SOLAR WATER HEATER MARKET REVENUE (USD BN), 2021-2027F

6 COVID-19 IMPACT

7 MARKET INSIGHTS BY TYPE

7.1. Glazed

7.1.1. Evacuated Tube

7.1.2. Flat Plate

7.2. Unglazed

8 MARKET INSIGHTS BY SYSTEM

8.1. Thermosiphon

8.2. Pumped

9 MARKET INSIGHTS BY END-USER

9.1. Residential

9.2. Commercial

9.2.1. Educational Institutes

9.2.2. Offices

9.2.3. Government Buildings

9.2.4. Others

9.3. Industrial

10 MARKET INSIGHTS BY REGION

10.1. NORTH AMERICA SOLAR WATER HEATER MARKET

10.1.1. United States of America

10.1.2. Canada

10.1.3. Rest of North America

10.2. EUROPE SOLAR WATER HEATER MARKET

10.2.1. United Kingdom

10.2.2. Germany

10.2.3. France

10.2.4. Spain

10.2.5. Italy

10.2.6. Rest of Europe

10.3. ASIA-PACIFIC SOLAR WATER HEATER MARKET

10.3.1. China

10.3.2. Japan

10.3.3. India

10.3.4. Australia

10.3.5. Rest of Asia-Pacific

10.4. REST OF THE WORLD SOLAR WATER HEATER MARKET

11 SOLAR WATER HEATER MARKET DYNAMICS

11.1. Drivers

11.2. Challenges

11.3. Impact Analysis

12 SOLAR WATER HEATER MARKET OPPORTUNITIES

13 SOLAR WATER HEATER MARKET TRENDS

14 LEGAL AND REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1. Demand Side Analysis

15.2. Supply Side Analysis

15.2.1. Top Product Launches

15.2.2. Top Business Partnerships

15.2.3. Top Business Expansions, Investments and Divestitures

15.2.4. Top Merger and Acquisitions

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

18.1. Himin Solar Energy Group

18.2. V-Guard Industries Ltd

18.3. Ariston Thermo SpA

18.4. KODSAN

18.5. Solav Energy

18.6. Zhejiang JiaDeLe Solar Energy Co., Ltd.

18.7. Solahart

18.8. Jiangsu Sunpower Solar Technology Co., Ltd.

18.9. A. O. Smith India Water Products Pvt. Ltd.

18.10. Alternate Energy Technologies

19 DISCLAIMER

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS


Companies

Himin Solar Energy Group

V-Guard Industries Ltd

Ariston Thermo SpA

KODSAN

Solav Energy

Zhejiang JiaDeLe Solar Energy Co.

Ltd.

Solahart

Jiangsu Sunpower Solar Technology Co.

Ltd.

A. O. Smith India Water Products Pvt. Ltd.

Alternate Energy Technologies