Global Solar Water Heater Market Growth 2023-2029

Global Solar Water Heater Market Growth 2023-2029

A Solar Water Heater is a device which provides hot water for bathing, washing, cleaning, etc. using solar energy. It is generally installed at the terrace or where sunlight is available and heats water during day time which is stored in an insulated storage tank for use when required including mornings.
Solar water heating systems include storage tanks and solar collectors. There are two types of solar water heating systems: active, which have circulating pumps and controls, and passive, which don't.
LPI (LP Information)' newest research report, the “Solar Water Heater Industry Forecast” looks at past sales and reviews total world Solar Water Heater sales in 2022, providing a comprehensive analysis by region and market sector of projected Solar Water Heater sales for 2023 through 2029. With Solar Water Heater sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar Water Heater industry.
This Insight Report provides a comprehensive analysis of the global Solar Water Heater landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solar Water Heater portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Solar Water Heater market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar Water Heater and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solar Water Heater.
The global Solar Water Heater market size is projected to grow from US$ 2844.3 million in 2022 to US$ 4388.7 million in 2029; it is expected to grow at a CAGR of 4388.7 from 2023 to 2029.
The main competitors in the Chilean market are Rheem, Helioakmi, Sole S.A. and other European and American companies as well as numerous companies from China. Rheem as a global leader, occupies the largest market share, about 15% market share.
This report presents a comprehensive overview, market shares, and growth opportunities of Solar Water Heater market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Pressurized Solar Water Heater
Non Pressure Solar Water Heater
Segmentation by application
Residential Use
Commercial Use
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Rheem
Sangle Solar
Helioakmi S.A.
Himin Solar Energy
Sunrain
Jiaxing Jinyi
Sole S.A.
HITEK
Sunpower Solar
Key Questions Addressed in this Report
What is the 10-year outlook for the global Solar Water Heater market?
What factors are driving Solar Water Heater market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solar Water Heater market opportunities vary by end market size?
How does Solar Water Heater break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.