Market Development : Solar Water Heater Market Globally Grow at a CAGR of 6.78% by Revenue During the Period 2017-2021
A solar water heater comprises solar collectors and storage tanks. It uses sunlight to heat water and is generally installed on the roof of a building. Two types of solar water heaters are available in the market: active and passive. While the active type uses pumps to circulate water, the passive type does not require any pumps or control units to circulate water. Unlike other conventional water heaters, solar water heaters are cost-effective and reduce the dependence on fossil fuels.
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Technavios analysts forecast the global solar water heater market to grow at a CAGR of 6.78% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global solar water heater market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of solar water heaters.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Solar Water Heater Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Chromagen
EMMVEE Solar Systems
Genersys
Jinyi Solar
Rheem Manufacturing
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Other prominent vendors
A. O. Smith
Alternate Energy Technologies
Apricus Solar
Heliodyne
HTP
Inter Solar Systems
Nuetech Solar Systems
SunEarth
Vaughn Thermal
Market driver
Innovations and advancements in terms of technology and durability
For a full, detailed list, view our report
Market challenge
Low category penetration due to high initial installation and maintenance costs
For a full, detailed list, view our report
Market trend
Growth of DIY solar water heating products
For a full, detailed list, view our report
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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