Market Overview:
The global solar thermal water heaters market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources and government initiatives and subsidies for the adoption of solar thermal water heaters. The global solar thermal water heater market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into pressure-bearing solar water heater and non-pressure solar water heater. Non-pressure systems are more popular in residential applications as they are less expensive than pressure systems; however, pressure systems are more efficient in terms of heating performance as they can achieve higher temperatures than non-pressure systems. On the basis of application, industrial water supply heating accounts for a major share in terms of revenue followed by household water heating applications.
Product Definition:
Solar thermal water heaters are systems that use the energy of the sun to heat water. The heated water can then be used for drinking, bathing, or irrigation. Solar thermal water heating is important because it can help reduce energy costs and greenhouse gas emissions.
Pressure-bearing Solar Water Heater:
A pressure-bearing solar water heater is a type of solar thermal water heater that uses the sun's energy to heat and provide hot water for residential or commercial applications. It works by using the principle of thermodynamics, specifically, by using the temperature difference between cold groundwater or other source of cold water and the tank containing warmwater.
Non-pressure Solar Water Heater:
Non-pressure solar water heater is a device that uses the principle of solar thermal energy to heat water. It does not require any pressure or mechanical movement for working and can be used in both residential and commercial applications. These are safe to use as they do not have moving parts, thus making it less prone to failure.
Application Insights:
The industrial water supply heating segment dominated the global solar thermal water heater market in terms of revenue share in 2017. The growth can be attributed to the rising demand for heat treatment services and equipment across various industries such as steel, cement, energy, food processing and petroleum. Solar thermal energy has been proven to be an effective and clean source of energy that does not produce any emissions during combustion process. This factor is anticipated to boost product demand over the forecast period.
Solar thermal hot water systems are widely used for household applications owing to their low cost as compared with conventional electric or gas-based hot water systems coupled with a high degree of efficiency at a lower cost per unit output which makes it highly competitive against other sources such as electricity or fossil fuels used for heating purposes at home like wood burning stoves or fireplaces among others.
Regional Analysis:
Asia Pacific regional market dominated the global industry in 2016 and accounted for over 45% of the total revenue share. The region is expected to continue its dominance over the forecast period, with China accounting for a major share of demand. Rapid industrialization and increasing population in India are likely to boost solar thermal water heater installations across this region.
The European regional market also contributed significantly to global demand, with Germany being one of the largest contributors on account of high government investments coupled with supportive regulations aimed at reducing carbon footprint associated water heating systems. In addition, rising awareness regarding environment-friendly products is anticipated to fuel growth across this region during the forecast period.
North America held a significant revenue share in 2016 owing to growing awareness about environmental protection along with strict government regulations pertaining municipal waste treatment.
Growth Factors:
- Increasing demand for solar thermal water heaters from commercial and residential sectors due to the benefits offered such as energy savings, environment-friendly and reliable performance.
- Favorable government policies and regulations supporting the adoption of solar thermal water heaters across various countries is expected to boost market growth during the forecast period.
- Growing awareness about the benefits of using solar thermal water heaters among consumers is anticipated to propel market growth in coming years.
- Technological advancements in terms of design and efficiency are projected to create new opportunities for market players over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Thermal Water Heaters Market Research Report
By Type
Pressure-bearing Solar Water Heater, Non-pressure Solar Water Heater
By Application
Industrial Water Supply Heating, Household Water Heating
By Companies
SunEarth, Ecotec Solar, MEGASUN, A. O. Smith, SOLE S.A., DualSun, Stiebel Eltron, SunChaser, Inc., FAFCO, Beijing Tsinghua Solar, Rheem Manufacturing Co (Australia) Proprietary Ltd, S V Marketing India Pvt Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Solar Thermal Water Heaters Market Report Segments:
The global Solar Thermal Water Heaters market is segmented on the basis of:
Types
Pressure-bearing Solar Water Heater, Non-pressure Solar Water Heater
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Water Supply Heating, Household Water Heating
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SunEarth
- Ecotec Solar
- MEGASUN
- A. O. Smith
- SOLE S.A.
- DualSun
- Stiebel Eltron
- SunChaser, Inc.
- FAFCO
- Beijing Tsinghua Solar
- Rheem Manufacturing Co (Australia) Proprietary Ltd
- S V Marketing India Pvt Ltd
Highlights of The Solar Thermal Water Heaters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pressure-bearing Solar Water Heater
- Non-pressure Solar Water Heater
- By Application:
- Industrial Water Supply Heating
- Household Water Heating
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solar Thermal Water Heaters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Solar thermal water heaters are a type of renewable energy technology that uses the sun's energy to heat water. They can be used to provide hot water for homes, businesses, and other buildings. Solar thermal water heaters are also an environmentally friendly option because they do not produce greenhouse gases.
Some of the key players operating in the solar thermal water heaters market are SunEarth, Ecotec Solar, MEGASUN, A. O. Smith, SOLE S.A., DualSun, Stiebel Eltron, SunChaser, Inc., FAFCO, Beijing Tsinghua Solar, Rheem Manufacturing Co (Australia) Proprietary Ltd, S V Marketing India Pvt Ltd.
The solar thermal water heaters market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Thermal Water Heaters Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Solar Thermal Water Heaters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar Thermal Water Heaters Market - Supply Chain
4.5. Global Solar Thermal Water Heaters Market Forecast
4.5.1. Solar Thermal Water Heaters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Thermal Water Heaters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Thermal Water Heaters Market Absolute $ Opportunity
5. Global Solar Thermal Water Heaters Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Solar Thermal Water Heaters Market Size and Volume Forecast by Type
5.3.1. Pressure-bearing Solar Water Heater
5.3.2. Non-pressure Solar Water Heater
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar Thermal Water Heaters Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Solar Thermal Water Heaters Market Size and Volume Forecast by Application
6.3.1. Industrial Water Supply Heating
6.3.2. Household Water Heating
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar Thermal Water Heaters Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Solar Thermal Water Heaters Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Solar Thermal Water Heaters Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Solar Thermal Water Heaters Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Solar Thermal Water Heaters Demand Share Forecast, 2019-2026
9. North America Solar Thermal Water Heaters Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Solar Thermal Water Heaters Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Solar Thermal Water Heaters Market Size and Volume Forecast by Application
9.4.1. Industrial Water Supply Heating
9.4.2. Household Water Heating
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar Thermal Water Heaters Market Size and Volume Forecast by Type
9.7.1. Pressure-bearing Solar Water Heater
9.7.2. Non-pressure Solar Water Heater
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Solar Thermal Water Heaters Demand Share Forecast, 2019-2026
10. Latin America Solar Thermal Water Heaters Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Solar Thermal Water Heaters Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Solar Thermal Water Heaters Market Size and Volume Forecast by Application
10.4.1. Industrial Water Supply Heating
10.4.2. Household Water Heating
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar Thermal Water Heaters Market Size and Volume Forecast by Type
10.7.1. Pressure-bearing Solar Water Heater
10.7.2. Non-pressure Solar Water Heater
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Solar Thermal Water Heaters Demand Share Forecast, 2019-2026
11. Europe Solar Thermal Water Heaters Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Solar Thermal Water Heaters Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Solar Thermal Water Heaters Market Size and Volume Forecast by Application
11.4.1. Industrial Water Supply Heating
11.4.2. Household Water Heating
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar Thermal Water Heaters Market Size and Volume Forecast by Type
11.7.1. Pressure-bearing Solar Water Heater
11.7.2. Non-pressure Solar Water Heater
11.8. Basis Point Share BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solar Thermal Water Heaters Demand Share, 2019-2026
12. Asia Pacific Solar Thermal Water Heaters Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Solar Thermal Water Heaters Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Solar Thermal Water Heaters Market Size and Volume Forecast by Application
12.4.1. Industrial Water Supply Heating
12.4.2. Household Water Heating
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar Thermal Water Heaters Market Size and Volume Forecast by Type
12.7.1. Pressure-bearing Solar Water Heater
12.7.2. Non-pressure Solar Water Heater
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Solar Thermal Water Heaters Demand Share, 2019-2026
13. Middle East & Africa Solar Thermal Water Heaters Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Solar Thermal Water Heaters Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Solar Thermal Water Heaters Market Size and Volume Forecast by Application
13.4.1. Industrial Water Supply Heating
13.4.2. Household Water Heating
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solar Thermal Water Heaters Market Size and Volume Forecast by Type
13.7.1. Pressure-bearing Solar Water Heater
13.7.2. Non-pressure Solar Water Heater
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Solar Thermal Water Heaters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Thermal Water Heaters Market: Market Share Analysis
14.2. Solar Thermal Water Heaters Distributors and Customers
14.3. Solar Thermal Water Heaters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SunEarth
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ecotec Solar
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MEGASUN
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. A. O. Smith
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SOLE S.A.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DualSun
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Stiebel Eltron
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SunChaser, Inc.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. FAFCO
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Beijing Tsinghua Solar
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Rheem Manufacturing Co (Australia) Proprietary Ltd
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. S V Marketing India Pvt Ltd
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
