Solar
water heater is a device, used to heat water by transforming
sunlight into heat with the help of a thermal collector. It provides heat water
for washing, bathing and cleaning using solar energy. It encompasses of an
array of solar collectors to collect solar energy & an insulated tank to
store hot water. The key advantages are simple to construct & install,
almost maintenance free, negligible running cost, saves time & high grade
form of electric energy etc. Apart from advantages, major disadvantage is
freezing problem.
According to study, “World Solar
Water Heater Market Research Report 2024(covering USA, EU, China, South East
Asia, Japan and etc)” the key companies operating in the world
solar water heater market are Sunrain Solar Energy, Linuo Ritter, Shandong Sang
Le, TP Solar, HUAYANG, Sunshore Solar, Tsinghua Solar, Qingdao Aucma, Huihuang
solar, A.O. Smith, SunTank, Viessmann Manufacturing, Rheem Manufacturing,
Wagner Solar UK, BEST, Himin, Sunhome, Haier, Shandong Ecoo Solar, 5 Star,
Chinsun, YuanSheng Solar Group, Bradford White Corporation, Bosch, Racold,
Honeywell Corp., Gomon, Sunleada, Royalstar. Manufacturers strictly follow
developments in the industry to convey new strategies to support their market
position in terms of volume & revenue. They have been making substantial
investments to boost research & development (R&D) and present
innovative product designs with enhanced features.
Based on type, solar water heater market is segmented into active solar
water-heating systems, passive solar water heating systems, direct solar water
heating systems and indirect solar water heating systems. Active system uses
one or more pumps to circulate water & heating fluid in the system while
passive system depends on heat-driven convection for circulating water or
heating fluid in the system. Direct or open loop systems circulate filtered
water through the collectors. Indirect or closed loop segment use a heat
exchanger which separates the usable water from fluid that circulates via
collector. Based on product type, market is segmented into integrated collector
storage (ICS or batch systems), flat-plate collector and evacuated-tube solar
collectors. Based on components type, market is segmented into pump, tank,
collector and controller. Based on system type, market is segmented into
thermosyphon systems and pumped system. In addition, based on application,
market is segmented into commercial, residential and industrial.
The solar
water heater industry is driven by introduction of energy efficient solar
water heaters, followed by stringent government regulations against Greenhouse
gas (GHG) emissions, growth in population, high demand for hot water for
household & commercial use of water from institutions, hotels, &
hospitals and replacement of existing water heaters. However, lack of consumer
awareness and high upfront cost may impact the market.
Based on geography, Japan and China countries
hold major share in solar water heater market owing to large potential of solar
power generation in the countries. EU and USA regions are expected to witness
lucrative growth due to rise in demand for reliable & superior quality
systems from various end users over the forecast period. It is anticipated that
future of the market will be bright on account growth in demand for dependable,
eco-friendly, and affordable technologies to heat water, especially in
industrial & residential sectors during the forecast period.
For more information on the research report,
refer to below link:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
