Goldstein Market
Date of publication: 21 October 2019
Solar Water Heater Market Size is set to Reach USD 5.1 billion by 2025 says Goldstein Research
• Contribution of commercial sector is growing the solar water heater market at a rate of 6.4% annually. • Latin America is witnessing fastest growth on account of its geographical presence in the tropical belt. • Trending hybrid solar water heaters to make installation efficient & cost effective

Global solar water heater market is expected to grow at a CAGR of 7.4% over the forecast period 2017-2025. These are the findings of study on Solar Water Heaters conducted by Goldstein Research, a leading market intelligence & consulting firm. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. Forecast data has been assessed on the basis of number of solar water heater projects, shipment unit data, investors, suppliers and distributors in global marketplace.

According to the study, tropical countries such as China, India, Mexico, Central America, Brazil, Oman, and U.A.E. have huge potential of solar energy and the growth of solar water heaters. Various governments are promoting and incentivizing the use of solar water heaters. Solar water heaters are zero-emissions, zero-waste solution to other environmentally destructive problem form other methods of heating water that contributes about 50.0% of greenhouse gas emissions. This has been the major driving factor for adoption of solar water heaters that helps in reducing carbon footprint. Analysts at Goldstein Research also reveal that Latin America is the fastest growing market for the growth of solar water heater market at a rate of 3.2% annually, on account of its geographical presence in the tropical belt. Brazil had 7.7 GWtt installed capacity in 2014 from solar water heaters and acquired 3rd biggest market position globally.

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Market Segmentation

Global solar water heater market has been segmented as follows:

By Product Type

  • Active Solar Water Heaters
  • Passive Solar Water Heaters

By Component

  • Solar Collectors
  • Evacuated Tube
  • Flat Plate
  • Unglazed Water
  • Storage Tanks

By Distribution Channel

  • Online Stores
  • Offline Stores

By End-User

  • Residential sector
  • Commercial sector
  • Industrial sector

Based on Geography

  • North America
  • Latin America
  • Asia-Pacific
  • Middle East & Africa

Global Solar Water Heater Market report by Goldstein Research contains detailed overview of the global Solar Water Heater market. The report prepared on the basis of top- bottom approach provides us pin-point synopsis of the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

The key player of solar heater market included in the report with a detailed company profiling are MMVEE Solar Systems, Jinyi Solar, Chromagen, Genersys, Rheem Manufacturing, Alternate Energy Technologies, Apricus Solar, A.O. Smith etc. The company profiles include business strategy, financial key materics, revenue generated, performs during downs & falls of the market, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

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About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.

Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts are working on hardware and energy market analysis to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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