Global Solar Water Heater Market is accounted for $3.13 billion in 2021 and is expected to reach $6.15 billion by 2028 growing at a CAGR of 10.1% during the forecast period. A solar water heater is a device that can be used to capture sunlight to heat the water. It primarily consists of a thermal panel, tank, circulating pump, and thermal regulator. Solar water heater, also known as solar domestic hot water systems, is majorly used as a cost-effective way to generate hot water for residential, commercial, and industrial end-users.
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By geography, Asia Pacific is projected to hold the highest market share, due to its high growth rate, coupled with positive economic performance, which is predicted to propel China over the next decade, as large investments in research and development are expected to augment growth.
Some of the key players profiled in the Solar Water Heater Market include American Water Heaters, Apricus Solar Co., Ltd, Azuma Solar Corporation, GREENoneTEC Solarindustrie GmbH., Haining Onosi New Energy Co., Ltd, Havells India Limited, Jiaxing Passion New Energy Technology Co., Ltd, O. Smith Water Products Company B.V., Solar Hot USA, SolarPeak New Zealand Limited, Sole S.A., The Alternative Energy Company, Versol Ltd, V-Guard Industries Ltd., Your Home Tech Limited.
Types Covered in Solar Water Heater Market
• Integral Collector Storage
• Thermosyphon
• Pumped
Products Covered:
• Active Solar Water Heaters
• Passive Solar Water Heaters
Capacity’s Covered:
• 100L
• 150L
• 200L
Collector Types Covered:
• Solar Collectors
• Storage Tanks
Applications Covered:
• Residential
• Commercial
• Industrial
Distribution Channels Covered:
• Online Stores
• Offline Stores
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