Solar Water Heaters Market Report 2019-2029
Forecasts by Technology (Evacuated Tube Collector, Flat Plate Collector, Unglazed Water Collector), by Application (Residential, Commercial, Industrial), by System (Drainback Solar Water Heating System, Active Open Loop Solar Water Heating System, Passive Solar Water Heating Systems, Thermosyphon, Pumped, Integral Tank-collector, Active Closed Loop Solar Water Heating System, Tankless Water Heating System) Plus Leading Company Analysis and Regional and Leading National Market Analysis
This latest report by business intelligence provider Visiongain assesses that Solar Water Heaters Market spending will reach $2.8 bn in 2019 and is forecast to show an 8.7 percent CAGR by 2029. This can be ascribed to higher energy prices, increased worldwide population, and increased demand for energy-efficient water heaters. Strict public regulations to reduce greenhouse gas emissions, along with increasing demand for water heating technologies–particularly in colder areas, are anticipated to increase the implementation of these technologies and increase the development of the sector.
Due to the rapid depletion of non-renewable resources, demand for effective water heaters is anticipated to experience rapid development each year, along with growing measures to regulate energy consumption. Over the forecast period, this is anticipated to increase market growth. These systems are priced fairly to cater for a wider consumer spectrum depending on their financial situation. It is also anticipated that increased ecological awareness in both advanced and developing areas will lead to industrial development. It is therefore critical that you have your timescales correct and your forecasting plans ready. This report will ensure that you do. Visiongain’s report will ensure that you keep informed and ahead of your competitors. Gain that competitive advantage.
Product differentiation, broad service & distribution network, price competitiveness and regulatory compliance are some of the main strategic resources to improve company competitiveness for an industry participant. Furthermore, eminent players pursue mergers & acquisitions to strengthen their sector leadership. Manufacturers are closely following sector trends to formulate fresh strategies to reinforce their volume and income market position. They made heavy investments to stimulate research and development and provide improved characteristics for pioneering product designs.
Read on to discover how you can exploit the future business opportunities emerging in this sector. Visiongain’s new study tells you and tells you NOW. The 210-pages report provides clear, detailed insight into the global Solar Water Heaters market. Discover the key drivers and challenges affecting the market.
Recent Developments in the Global Solar Water Heater Market
Chinese solar water heater market size is expected to exceed a complete installed capacity of about 45 GW by 2024, which is considered to be the most expansive national avenue in terms of deploying solar water heater systems. China solar water heater market is anticipated to expand over USD 600 Million by 2025. Stringent regulations to reduce GHG emissions along with technological advancement in evacuated tube collector design to optimize efficiency will enhance product adoption. For instance, in 2018, China’s National Development & Reform Commission (NDRC) introduced policy to increase clean energy targets from 20% to 35% by 2030. Brazil’s solar water heater industry will develop due to the implementation of low-income families ‘ social housing program. In August 2016, the Minha Casa, Minha Vida program started by the United Nations for low-income households requiring solar system facilities in new facilities.
In its attempts to encourage the broad implementation of renewable energy, the Kenya Energy Regulatory Commission announced that the rules for solar water heating would be strictly implemented throughout the country by the month of May 2017. The rules laid down in the 2012 Energy (Solar Water Heating) Regulations mandate the installation of solar water heating systems across all premises, including big housing, commercial and industrial complexes, within the scope of local municipal authorities.
China and India implement ambitious solar thermal strategies setting objectives of 300 million square meters by 2020 and 20 million square meters by 2022. Subsidies are presently the primary lever for promoting solar water heating, but consideration is given to other incentives. Some cities in China such as Kunming (Yunnan) and Dezhou (Shandong) have set objectives for accelerating the growth of solar water heating (50% of solar warm water structures by 2010), while Shenzhen has mandated SWH in all new housing structures. India plans to give preferential loans and render new structures compulsory for solar water heaters.
The U.S. market for solar water heaters is expected to grow by more than 11 percent until 2029. Growing demand for replacement of standard water heating systems together with continuing infrastructure industry investment supported by fast urbanization will improve product acceptance. SWH schemes in the U.S., where the market is still underdeveloped, profit from a 30 percent federal tax credit, while some states also have credits and rebates in place.
In Australia, where a policy was initiated in 2000 to create tradable renewable power certificates (REC) connected to SWH schemes, the impact of promotion instruments on the growth of the solar water heater industry is especially noticeable.
Germany’s solar water heater market will expand due to increased expenditure on renovating current construction infrastructure along with stringent clean energy generation objectives. For example, in 2018, the European Commission introduced the Renewable Energy Directive (2018/2001) with the objective of achieving 38% of renewable energy heat consumption by 2030.
By ordering and reading our brand-new report today, you stay better informed and ready to act.
The report delivers considerable added value by revealing:
70 tables, charts and graphs are analyzing and revealing the growth prospects and outlook for the Solar Water Heaters market.
Global Solar Water Heaters market forecasts and analysis from 2019-2029.
Solar Water Heaters market provides revenue estimates, forecasts and analysis from 2019-2029 for Solar Water Heaters submarkets:
Forecasts and analysis of Solar Water Heaters market by System Type between 2019-2029
Drainback Solar Water Heating System Market, 2019-2029
Active Open Loop Solar Water Heating System Market, 2019-2029
Passive Solar Water Heating Systems Market, 2019-2029
Thermosyphon Market, 2019-2029
Integral tank-collector Pumped Market, 2019-2029
Active Closed Loop Solar Water Heating System Market, 2019-2029
Tankless Water Heating System Market, 2019-2029
Forecasts and analysis of Solar Water Heaters market by Technology between 2019-2029
Evacuated Tube Collector Market, 2019-2029
Flat Plate Collector Market, 2019-2029
Unglazed Water Collector Market, 2019-2029
Other Technology Market, 2019-2029
Forecasts and analysis of Solar Water Heaters market by Application between 2019-2029
Residential Market, 2019-2029
Commercial Market, 2019-2029
Industrial Market, 2019-2029
Other Application Market, 2019-2029
Regional Solar Water Heaters market forecasts from 2019-2029 with drivers and restraints for the countries including:
Focused regional forecasts and analysis explore the future opportunities:
North America Market, 2019-2029
US Market, 2019-2029
Canada Market, 2019-2029
Europe Market, 2019-2029
The UK Market, 2019-2029
Germany Market, 2019-2029
France Market, 2019-2029
Italy Market, 2019-2029
Spain Market, 2019-2029
Rest of Europe Market, 2019-2029
Asia-Pacific Market, 2019-2029
China Market, 2019-2029
India Market, 2019-2029
Japan Market, 2019-2029
Australia & New Zealand Market, 2019-2029
Rest of Asia-Pacific Market, 2019-2029
LAMEA Market, 2019-2029
Latin America Market, 2019-2029
Middle East Market, 2019-2029
Africa Market, 2019-2029
In 2018, commercial applications contributed more than 32% of the worldwide market share of solar water heaters. Growing investment from financial institutions towards the growth of infrastructure, including academic institutions, shopping malls, hospitals and offices, will stimulate the implementation of products. The sector outlook will be further complemented by a favorable measure to enhance air quality combined with increased awareness of the implementation of renewable alternatives.
Commercial installation is set to exceed 1.9 million units per year by 2029. Increasing expenditure on infrastructure growth from public and private financial institutions, including government buildings, academic organizations, and shopping centers, will boost product acceptance. The introduction of green building codes and norms to reduce carbon emissions will further complement the company landscape by encouraging the use of clean technologies.
The market for residential solar water heaters will develop as a result of continuing investment to restore and refurbish houses along with increased disposable income.. The ability to integrate in newly built and current facilities with conventional units makes its acceptance preferable over its counterparts. In addition, increasing awareness of energy savings along with increasing demand for standard systems substitute will further improve product penetration.
Company profiles for the leading Solar Water Heaters companies
Several producers of solar water heaters are training to develop fresh technologies and systems that can work more efficiently and can be made accessible even to distant regions. A significant portion of the market is controlled by multinational companies with worldwide presence and focused in Europe and North America. Top worldwide companies account for more than 60.0 percent of worldwide income, with China and the United States holding large quantities of manufacturing and exports. The conglomerates are influencing pricing strategies and other business programs and projects.
Conclusions and recommendations which will aid decision-making
How will you benefit from this report?
Keep your knowledge base up to speed. Don’t get left behind
Reinforce your strategic decision-making with definitive and reliable market data
Learn how to exploit new technological trends
Realise your company’s full potential within the market
Understand the competitive landscape and identify potential new business opportunities & partnerships
Who should read this report?
Anyone with involvement in the Solar Water Heaters
Arbitrage companies and divisions
Solar Energy price reporting companies
Solar Energy company managers
Solar Energy consultants
Solar Energy company executives and analysts
Heads of strategic development
Business development managers
Visiongain’s study is intended for anyone requiring commercial analyses for the Solar Water Heaters market and leading companies. You find data, trends and predictions.
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