Global Solar Water Heater Market - Overview
The global solar water heater market is estimated to expand at a 8.50% CAGR during the forecast period. Solar water heater is used to heat water with the help of solar energy. It absorbs and converts sun light into heat and store it. Solar water heaters consist of two major components which include sun solar collector and storage tank. A solar based water heater is a source of renewable water heating system and requires less maintenance and operates at low cost.

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The growing demand for solar water heater market is attributed to the stringent government regulations to curb greenhouse gas emissions and growing focus on increasing renewable energy share in the total power generation mix. Moreover, the Environment Protection Agency has introduced regulatory standards to assess the quality of solar water heaters and implement financial plans for consumers. One of the major restraints for the global solar water heater market is the high upfront cost.

Segmental Analysis
The solar water heater market has been segmented based on collector type into evacuated tube collector, flat plate collector, and unglazed water collector. Among these types, evacuated tube collector is the fastest growing segment due to various factors such as they have a greater surface area exposed to the sun with higher efficiency in transferring the heat. It performs better compared to other types of collector and it can also be used in subzero temperature.

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Top Key Players
The key players of the global solar water heater market are Rheem Manufacturing (US), A.O.Smith (US), SunTank (South Africa), Bradford White Corporation (US), Bosch (Germany), Honeywell Corporation (US), Racold (India), Alternate energy Technologies (US), Viessmann Manufacturing (US), and Wagner Solar (UK), among others.
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global solar water heater market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis

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