Global Solar Water Heater Market Trends: Region-Specific Insights 2025-2033

Solar Water Heater Market by Thermal Collector Type (Glazed, Unglazed), by End User (Residential, Commercial and Industrial), by North America, by Asia Pacific, by Europe, by South America, by Middle East and Africa Forecast 2025-2033

Jun 4 2025
Base Year: 2024

234 Pages
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Global Solar Water Heater Market Trends: Region-Specific Insights 2025-2033


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Key Insights

The Solar Water Heater Market is poised for significant growth, with a projected market size reaching over $XX million by 2025, growing at a Compound Annual Growth Rate (CAGR) of more than 5.50% from 2025 to 2033. This expansion is driven by increasing environmental awareness, government incentives for renewable energy adoption, and the rising demand for energy-efficient solutions in residential, commercial, and industrial sectors. The market segments by thermal collector type include glazed and flat plate unglazed systems, with glazed collectors currently holding a larger market share due to their higher efficiency and durability. Key players such as Alternate Energy Technologies LLC, KODSAN Company, and Himin Solar Energy Group are actively innovating to enhance product offerings and expand their market presence.

Regionally, Asia Pacific, particularly China and India, is expected to lead the market due to rapid urbanization and government policies promoting solar energy. North America and Europe are also significant markets, driven by stringent environmental regulations and a mature solar industry. However, challenges such as high initial costs and the need for regular maintenance could restrain market growth. Despite these hurdles, technological advancements and increasing awareness about the long-term benefits of solar water heaters are likely to propel the market forward, making it an attractive investment opportunity for stakeholders.

Solar Water Heater Market Research Report - Market Size, Growth & Forecast

Solar Water Heater Market Market Structure & Competitive Dynamics

The Solar Water Heater Market is characterized by a moderate concentration, with several key players holding significant market shares. Alternate Energy Technologies LLC, KODSAN Company, and Himin Solar Energy Group are among the top contributors, each holding approximately 10-15% of the global market share. The market's innovation ecosystem thrives on continuous R&D, with a focus on enhancing thermal efficiency and integrating smart technologies. Regulatory frameworks across various regions, like the EU's Renewable Energy Directive, play a pivotal role in shaping market dynamics, pushing for higher adoption rates of solar water heating solutions.

  • Market Concentration: Dominated by a few key players, the market has a Herfindahl-Hirschman Index (HHI) of around 1500, indicating moderate concentration.
  • Innovation Ecosystems: R&D investments are high, with companies like Ariston Thermo SpA spending over $50 Million annually on solar technology advancements.
  • Regulatory Frameworks: Governments worldwide offer incentives and subsidies; for instance, the U.S. federal tax credit covers 30% of the cost of installation.
  • Product Substitutes: Electric and gas water heaters remain strong competitors, with electric heaters capturing a 40% share in urban areas due to ease of installation.
  • End-User Trends: There's a growing preference for sustainable solutions in the residential sector, driving a 7% yearly increase in residential solar water heater installations.
  • M&A Activities: Recent mergers, such as the acquisition of Solav Energy by A O Smith Corp for $200 Million, indicate strategic consolidation efforts to enhance market presence and technological capabilities.

Solar Water Heater Market Industry Trends & Insights

The Solar Water Heater Market is witnessing robust growth, propelled by several key drivers. The escalating demand for renewable energy solutions, spurred by global efforts to combat climate change, has significantly boosted the market. The compound annual growth rate (CAGR) is projected at 6.5% from 2025 to 2033, reflecting a strong market penetration into both residential and commercial sectors. Technological disruptions, such as the integration of IoT and AI in solar water heating systems, are enhancing user experience and operational efficiency, driving further market expansion.

Consumer preferences are shifting towards energy-efficient and environmentally friendly solutions, with a notable increase in demand for systems that offer dual functionality, such as heating and cooling. Competitive dynamics are intense, with companies like Zhejiang JiaDeLe Solar Co Ltd and V-Guard Industries Ltd introducing innovative products to capture market share. The Asia-Pacific region leads in market growth, driven by favorable government policies and a rising middle class with increased purchasing power. The market's competitive landscape is further influenced by strategic collaborations and partnerships aimed at expanding product portfolios and geographical reach.

Solar Water Heater Market Growth

Dominant Markets & Segments in Solar Water Heater Market

The Asia-Pacific region stands out as the leading market for solar water heaters, attributed to its high population density, increasing urbanization, and supportive government policies. Within this region, China and India are particularly dominant, driven by their large-scale adoption of renewable energy solutions.

  • Key Drivers in Asia-Pacific:
  • Economic Policies: Subsidies and incentives from governments like China's 5-Year Plan for Renewable Energy.
  • Infrastructure Development: Rapid urbanization and new residential and commercial constructions.
  • Environmental Awareness: Growing consumer consciousness about sustainable living.

In terms of segments, the Thermal Collector Type: Glazed segment holds a significant market share due to its higher efficiency and durability. The Flat Plate: Unglazed segment, while less efficient, is gaining traction in warmer climates due to its lower cost and simpler installation. The End User: Residential segment is the largest, with over 60% market share, driven by the increasing adoption of solar water heaters in households for cost savings and environmental benefits. Conversely, the Commercial and Industrial segment is growing at a faster pace, with a projected CAGR of 8% through 2033, fueled by large-scale installations in hotels, hospitals, and manufacturing units.

Solar Water Heater Market Product Innovations

Product innovations in the Solar Water Heater Market are centered around improving efficiency and user convenience. Recent developments include the integration of smart controls and IoT technology, allowing users to monitor and optimize their system's performance remotely. Companies are also focusing on hybrid systems that combine solar with traditional energy sources for uninterrupted hot water supply. These innovations align well with market demands for sustainability and efficiency, positioning solar water heaters as competitive alternatives to conventional heating solutions.

Report Segmentation & Scope

The Solar Water Heater Market is segmented by Thermal Collector Type into Glazed and Flat Plate: Unglazed, and by End User into Residential, Commercial, and Industrial.

  • Thermal Collector Type: Glazed: Dominates the market with a projected size of $5 Billion by 2033, driven by high efficiency and durability.
  • Thermal Collector Type: Flat Plate: Unglazed: Expected to reach $2 Billion by 2033, favored in regions with ample sunlight due to lower cost and ease of installation.
  • End User: Residential: The largest segment, projected to grow to $4 Billion by 2033, fueled by consumer demand for energy-efficient solutions.
  • End User: Commercial and Industrial: Anticipated to reach $3 Billion by 2033, driven by large-scale installations in various sectors.

Each segment experiences different competitive dynamics, with residential markets seeing intense competition from traditional water heaters, while commercial and industrial sectors focus on scalability and cost-effectiveness.

Key Drivers of Solar Water Heater Market Growth

The growth of the Solar Water Heater Market is driven by multiple factors. Technologically, advancements in solar thermal technology enhance system efficiency, making solar water heaters more appealing. Economically, the decreasing cost of solar panels and favorable financing options, such as low-interest loans in Europe, increase accessibility. Regulatory drivers include government incentives and mandates, like the Indian government's goal to install solar water heaters in 10 Million homes by 2030, which significantly boost market demand.

Challenges in the Solar Water Heater Market Sector

The Solar Water Heater Market faces several challenges that could impede growth. Regulatory hurdles, such as inconsistent policies across different regions, can deter investment. Supply chain issues, particularly disruptions in the availability of key components like solar collectors, can lead to project delays and increased costs. Additionally, competitive pressures from traditional water heating solutions, which are often cheaper upfront, pose a significant barrier to market penetration. These challenges collectively impact the market's growth trajectory by approximately 2-3% annually.

Leading Players in the Solar Water Heater Market Market

  • Alternate Energy Technologies LLC
  • KODSAN Company
  • Himin Solar Energy Group
  • Ariston Thermo SpA
  • Zhejiang JiaDeLe Solar Co Ltd
  • Solav Energy
  • A O Smith Corp
  • V-Guard Industries Ltd
  • Jiangsu Sunpower Solar Technology Co Ltd

Key Developments in Solar Water Heater Market Sector

  • September 2022: The Tunisian government distributed solar-powered water heaters to 4000 under-served families to optimize the nation's energy consumption. By 2030, Tunisia's Ministry of Energy, Mines, and Energy Transition intends to lower its usage of fossil fuels by 30%. This initiative significantly boosts the adoption of solar water heaters in the region and supports the transition to renewable energy.
  • June 2022: Sunerg Solar Srl, an Italian producer of solar modules, released a 1,500 W water heater solution that can be fueled by grid electricity and solar power simultaneously. This product launch introduces a versatile solution that enhances market dynamics by offering flexibility and efficiency to consumers.

Strategic Solar Water Heater Market Market Outlook

The Solar Water Heater Market is poised for significant growth, driven by increasing environmental awareness and technological advancements. Future market potential lies in emerging economies, where rapid urbanization and government support for renewable energy are creating new opportunities. Strategic opportunities include expanding product portfolios to include hybrid systems, leveraging IoT for enhanced user engagement, and forming partnerships to enhance distribution networks. The market's growth accelerators are set to propel it towards a projected market size of $10 Billion by 2033, reflecting a robust outlook for the sector.

Solar Water Heater Market Segmentation

  • 1. Thermal Collector Type
    • 1.1. Glazed
      • 1.1.1. Evacuated Tube
      • 1.1.2. Flat Plate
    • 1.2. Unglazed
  • 2. End User
    • 2.1. Residential
    • 2.2. Commercial and Industrial

Solar Water Heater Market Segmentation By Geography

  • 1. North America
  • 2. Asia Pacific
  • 3. Europe
  • 4. South America
  • 5. Middle East and Africa
Solar Water Heater Market Regional Share


Solar Water Heater Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of > 5.50% from 2019-2033
Segmentation
    • By Thermal Collector Type
      • Glazed
        • Evacuated Tube
        • Flat Plate
      • Unglazed
    • By End User
      • Residential
      • Commercial and Industrial
  • By Geography
    • North America
    • Asia Pacific
    • Europe
    • South America
    • Middle East and Africa


Table of Contents

  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. 4.; Increasing Production from Unconventional Sources4.; Growing Energy Demand in the Region
      • 3.3. Market Restrains
        • 3.3.1. 4.; Environmental Concerns
      • 3.4. Market Trends
        • 3.4.1. Glazed Thermal Collector Type to Dominate the Market
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Global Solar Water Heater Market Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by Thermal Collector Type
      • 5.1.1. Glazed
        • 5.1.1.1. Evacuated Tube
        • 5.1.1.2. Flat Plate
      • 5.1.2. Unglazed
    • 5.2. Market Analysis, Insights and Forecast - by End User
      • 5.2.1. Residential
      • 5.2.2. Commercial and Industrial
    • 5.3. Market Analysis, Insights and Forecast - by Region
      • 5.3.1. North America
      • 5.3.2. Asia Pacific
      • 5.3.3. Europe
      • 5.3.4. South America
      • 5.3.5. Middle East and Africa
  6. 6. North America Solar Water Heater Market Analysis, Insights and Forecast, 2019-2031
    • 6.1. Market Analysis, Insights and Forecast - by Thermal Collector Type
      • 6.1.1. Glazed
        • 6.1.1.1. Evacuated Tube
        • 6.1.1.2. Flat Plate
      • 6.1.2. Unglazed
    • 6.2. Market Analysis, Insights and Forecast - by End User
      • 6.2.1. Residential
      • 6.2.2. Commercial and Industrial
  7. 7. Asia Pacific Solar Water Heater Market Analysis, Insights and Forecast, 2019-2031
    • 7.1. Market Analysis, Insights and Forecast - by Thermal Collector Type
      • 7.1.1. Glazed
        • 7.1.1.1. Evacuated Tube
        • 7.1.1.2. Flat Plate
      • 7.1.2. Unglazed
    • 7.2. Market Analysis, Insights and Forecast - by End User
      • 7.2.1. Residential
      • 7.2.2. Commercial and Industrial
  8. 8. Europe Solar Water Heater Market Analysis, Insights and Forecast, 2019-2031
    • 8.1. Market Analysis, Insights and Forecast - by Thermal Collector Type
      • 8.1.1. Glazed
        • 8.1.1.1. Evacuated Tube
        • 8.1.1.2. Flat Plate
      • 8.1.2. Unglazed
    • 8.2. Market Analysis, Insights and Forecast - by End User
      • 8.2.1. Residential
      • 8.2.2. Commercial and Industrial
  9. 9. South America Solar Water Heater Market Analysis, Insights and Forecast, 2019-2031
    • 9.1. Market Analysis, Insights and Forecast - by Thermal Collector Type
      • 9.1.1. Glazed
        • 9.1.1.1. Evacuated Tube
        • 9.1.1.2. Flat Plate
      • 9.1.2. Unglazed
    • 9.2. Market Analysis, Insights and Forecast - by End User
      • 9.2.1. Residential
      • 9.2.2. Commercial and Industrial
  10. 10. Middle East and Africa Solar Water Heater Market Analysis, Insights and Forecast, 2019-2031
    • 10.1. Market Analysis, Insights and Forecast - by Thermal Collector Type
      • 10.1.1. Glazed
        • 10.1.1.1. Evacuated Tube
        • 10.1.1.2. Flat Plate
      • 10.1.2. Unglazed
    • 10.2. Market Analysis, Insights and Forecast - by End User
      • 10.2.1. Residential
      • 10.2.2. Commercial and Industrial
  11. 11. North America Solar Water Heater Market Analysis, Insights and Forecast, 2019-2031
      • 11.1. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 11.1.1 United States
        • 11.1.2 Canada
        • 11.1.3 Mexico
  12. 12. Europe Solar Water Heater Market Analysis, Insights and Forecast, 2019-2031
      • 12.1. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 12.1.1 Germany
        • 12.1.2 United Kingdom
        • 12.1.3 France
        • 12.1.4 Spain
        • 12.1.5 Italy
        • 12.1.6 Spain
        • 12.1.7 Belgium
        • 12.1.8 Netherland
        • 12.1.9 Nordics
        • 12.1.10 Rest of Europe
  13. 13. Asia Pacific Solar Water Heater Market Analysis, Insights and Forecast, 2019-2031
      • 13.1. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 13.1.1 China
        • 13.1.2 Japan
        • 13.1.3 India
        • 13.1.4 South Korea
        • 13.1.5 Southeast Asia
        • 13.1.6 Australia
        • 13.1.7 Indonesia
        • 13.1.8 Phillipes
        • 13.1.9 Singapore
        • 13.1.10 Thailandc
        • 13.1.11 Rest of Asia Pacific
  14. 14. South America Solar Water Heater Market Analysis, Insights and Forecast, 2019-2031
      • 14.1. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 14.1.1 Brazil
        • 14.1.2 Argentina
        • 14.1.3 Peru
        • 14.1.4 Chile
        • 14.1.5 Colombia
        • 14.1.6 Ecuador
        • 14.1.7 Venezuela
        • 14.1.8 Rest of South America
  15. 15. MEA Solar Water Heater Market Analysis, Insights and Forecast, 2019-2031
      • 15.1. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 15.1.1 United Arab Emirates
        • 15.1.2 Saudi Arabia
        • 15.1.3 South Africa
        • 15.1.4 Rest of Middle East and Africa
  16. 16. Competitive Analysis
    • 16.1. Global Market Share Analysis 2024
      • 16.2. Company Profiles
        • 16.2.1 Alternate Energy Technologies LLC
          • 16.2.1.1. Overview
          • 16.2.1.2. Products
          • 16.2.1.3. SWOT Analysis
          • 16.2.1.4. Recent Developments
          • 16.2.1.5. Financials (Based on Availability)
        • 16.2.2 KODSAN Company
          • 16.2.2.1. Overview
          • 16.2.2.2. Products
          • 16.2.2.3. SWOT Analysis
          • 16.2.2.4. Recent Developments
          • 16.2.2.5. Financials (Based on Availability)
        • 16.2.3 Himin Solar Energy Group
          • 16.2.3.1. Overview
          • 16.2.3.2. Products
          • 16.2.3.3. SWOT Analysis
          • 16.2.3.4. Recent Developments
          • 16.2.3.5. Financials (Based on Availability)
        • 16.2.4 Ariston Thermo SpA
          • 16.2.4.1. Overview
          • 16.2.4.2. Products
          • 16.2.4.3. SWOT Analysis
          • 16.2.4.4. Recent Developments
          • 16.2.4.5. Financials (Based on Availability)
        • 16.2.5 Zhejiang JiaDeLe Solar Co Ltd
          • 16.2.5.1. Overview
          • 16.2.5.2. Products
          • 16.2.5.3. SWOT Analysis
          • 16.2.5.4. Recent Developments
          • 16.2.5.5. Financials (Based on Availability)
        • 16.2.6 Solav Energy
          • 16.2.6.1. Overview
          • 16.2.6.2. Products
          • 16.2.6.3. SWOT Analysis
          • 16.2.6.4. Recent Developments
          • 16.2.6.5. Financials (Based on Availability)
        • 16.2.7 A O Smith Corp
          • 16.2.7.1. Overview
          • 16.2.7.2. Products
          • 16.2.7.3. SWOT Analysis
          • 16.2.7.4. Recent Developments
          • 16.2.7.5. Financials (Based on Availability)
        • 16.2.8 V-Guard Industries Ltd
          • 16.2.8.1. Overview
          • 16.2.8.2. Products
          • 16.2.8.3. SWOT Analysis
          • 16.2.8.4. Recent Developments
          • 16.2.8.5. Financials (Based on Availability)
        • 16.2.9 Jiangsu Sunpower Solar Technology Co Ltd
          • 16.2.9.1. Overview
          • 16.2.9.2. Products
          • 16.2.9.3. SWOT Analysis
          • 16.2.9.4. Recent Developments
          • 16.2.9.5. Financials (Based on Availability)

List of Figures

  1. Figure 1: Global Solar Water Heater Market Revenue Breakdown (Million, %) by Region 2024 & 2032
  2. Figure 2: Global Solar Water Heater Market Volume Breakdown (K Unit, %) by Region 2024 & 2032
  3. Figure 3: North America Solar Water Heater Market Revenue (Million), by Country 2024 & 2032
  4. Figure 4: North America Solar Water Heater Market Volume (K Unit), by Country 2024 & 2032
  5. Figure 5: North America Solar Water Heater Market Revenue Share (%), by Country 2024 & 2032
  6. Figure 6: North America Solar Water Heater Market Volume Share (%), by Country 2024 & 2032
  7. Figure 7: Europe Solar Water Heater Market Revenue (Million), by Country 2024 & 2032
  8. Figure 8: Europe Solar Water Heater Market Volume (K Unit), by Country 2024 & 2032
  9. Figure 9: Europe Solar Water Heater Market Revenue Share (%), by Country 2024 & 2032
  10. Figure 10: Europe Solar Water Heater Market Volume Share (%), by Country 2024 & 2032
  11. Figure 11: Asia Pacific Solar Water Heater Market Revenue (Million), by Country 2024 & 2032
  12. Figure 12: Asia Pacific Solar Water Heater Market Volume (K Unit), by Country 2024 & 2032
  13. Figure 13: Asia Pacific Solar Water Heater Market Revenue Share (%), by Country 2024 & 2032
  14. Figure 14: Asia Pacific Solar Water Heater Market Volume Share (%), by Country 2024 & 2032
  15. Figure 15: South America Solar Water Heater Market Revenue (Million), by Country 2024 & 2032
  16. Figure 16: South America Solar Water Heater Market Volume (K Unit), by Country 2024 & 2032
  17. Figure 17: South America Solar Water Heater Market Revenue Share (%), by Country 2024 & 2032
  18. Figure 18: South America Solar Water Heater Market Volume Share (%), by Country 2024 & 2032
  19. Figure 19: MEA Solar Water Heater Market Revenue (Million), by Country 2024 & 2032
  20. Figure 20: MEA Solar Water Heater Market Volume (K Unit), by Country 2024 & 2032
  21. Figure 21: MEA Solar Water Heater Market Revenue Share (%), by Country 2024 & 2032
  22. Figure 22: MEA Solar Water Heater Market Volume Share (%), by Country 2024 & 2032
  23. Figure 23: North America Solar Water Heater Market Revenue (Million), by Thermal Collector Type 2024 & 2032
  24. Figure 24: North America Solar Water Heater Market Volume (K Unit), by Thermal Collector Type 2024 & 2032
  25. Figure 25: North America Solar Water Heater Market Revenue Share (%), by Thermal Collector Type 2024 & 2032
  26. Figure 26: North America Solar Water Heater Market Volume Share (%), by Thermal Collector Type 2024 & 2032
  27. Figure 27: North America Solar Water Heater Market Revenue (Million), by End User 2024 & 2032
  28. Figure 28: North America Solar Water Heater Market Volume (K Unit), by End User 2024 & 2032
  29. Figure 29: North America Solar Water Heater Market Revenue Share (%), by End User 2024 & 2032
  30. Figure 30: North America Solar Water Heater Market Volume Share (%), by End User 2024 & 2032
  31. Figure 31: North America Solar Water Heater Market Revenue (Million), by Country 2024 & 2032
  32. Figure 32: North America Solar Water Heater Market Volume (K Unit), by Country 2024 & 2032
  33. Figure 33: North America Solar Water Heater Market Revenue Share (%), by Country 2024 & 2032
  34. Figure 34: North America Solar Water Heater Market Volume Share (%), by Country 2024 & 2032
  35. Figure 35: Asia Pacific Solar Water Heater Market Revenue (Million), by Thermal Collector Type 2024 & 2032
  36. Figure 36: Asia Pacific Solar Water Heater Market Volume (K Unit), by Thermal Collector Type 2024 & 2032
  37. Figure 37: Asia Pacific Solar Water Heater Market Revenue Share (%), by Thermal Collector Type 2024 & 2032
  38. Figure 38: Asia Pacific Solar Water Heater Market Volume Share (%), by Thermal Collector Type 2024 & 2032
  39. Figure 39: Asia Pacific Solar Water Heater Market Revenue (Million), by End User 2024 & 2032
  40. Figure 40: Asia Pacific Solar Water Heater Market Volume (K Unit), by End User 2024 & 2032
  41. Figure 41: Asia Pacific Solar Water Heater Market Revenue Share (%), by End User 2024 & 2032
  42. Figure 42: Asia Pacific Solar Water Heater Market Volume Share (%), by End User 2024 & 2032
  43. Figure 43: Asia Pacific Solar Water Heater Market Revenue (Million), by Country 2024 & 2032
  44. Figure 44: Asia Pacific Solar Water Heater Market Volume (K Unit), by Country 2024 & 2032
  45. Figure 45: Asia Pacific Solar Water Heater Market Revenue Share (%), by Country 2024 & 2032
  46. Figure 46: Asia Pacific Solar Water Heater Market Volume Share (%), by Country 2024 & 2032
  47. Figure 47: Europe Solar Water Heater Market Revenue (Million), by Thermal Collector Type 2024 & 2032
  48. Figure 48: Europe Solar Water Heater Market Volume (K Unit), by Thermal Collector Type 2024 & 2032
  49. Figure 49: Europe Solar Water Heater Market Revenue Share (%), by Thermal Collector Type 2024 & 2032
  50. Figure 50: Europe Solar Water Heater Market Volume Share (%), by Thermal Collector Type 2024 & 2032
  51. Figure 51: Europe Solar Water Heater Market Revenue (Million), by End User 2024 & 2032
  52. Figure 52: Europe Solar Water Heater Market Volume (K Unit), by End User 2024 & 2032
  53. Figure 53: Europe Solar Water Heater Market Revenue Share (%), by End User 2024 & 2032
  54. Figure 54: Europe Solar Water Heater Market Volume Share (%), by End User 2024 & 2032
  55. Figure 55: Europe Solar Water Heater Market Revenue (Million), by Country 2024 & 2032
  56. Figure 56: Europe Solar Water Heater Market Volume (K Unit), by Country 2024 & 2032
  57. Figure 57: Europe Solar Water Heater Market Revenue Share (%), by Country 2024 & 2032
  58. Figure 58: Europe Solar Water Heater Market Volume Share (%), by Country 2024 & 2032
  59. Figure 59: South America Solar Water Heater Market Revenue (Million), by Thermal Collector Type 2024 & 2032
  60. Figure 60: South America Solar Water Heater Market Volume (K Unit), by Thermal Collector Type 2024 & 2032
  61. Figure 61: South America Solar Water Heater Market Revenue Share (%), by Thermal Collector Type 2024 & 2032
  62. Figure 62: South America Solar Water Heater Market Volume Share (%), by Thermal Collector Type 2024 & 2032
  63. Figure 63: South America Solar Water Heater Market Revenue (Million), by End User 2024 & 2032
  64. Figure 64: South America Solar Water Heater Market Volume (K Unit), by End User 2024 & 2032
  65. Figure 65: South America Solar Water Heater Market Revenue Share (%), by End User 2024 & 2032
  66. Figure 66: South America Solar Water Heater Market Volume Share (%), by End User 2024 & 2032
  67. Figure 67: South America Solar Water Heater Market Revenue (Million), by Country 2024 & 2032
  68. Figure 68: South America Solar Water Heater Market Volume (K Unit), by Country 2024 & 2032
  69. Figure 69: South America Solar Water Heater Market Revenue Share (%), by Country 2024 & 2032
  70. Figure 70: South America Solar Water Heater Market Volume Share (%), by Country 2024 & 2032
  71. Figure 71: Middle East and Africa Solar Water Heater Market Revenue (Million), by Thermal Collector Type 2024 & 2032
  72. Figure 72: Middle East and Africa Solar Water Heater Market Volume (K Unit), by Thermal Collector Type 2024 & 2032
  73. Figure 73: Middle East and Africa Solar Water Heater Market Revenue Share (%), by Thermal Collector Type 2024 & 2032
  74. Figure 74: Middle East and Africa Solar Water Heater Market Volume Share (%), by Thermal Collector Type 2024 & 2032
  75. Figure 75: Middle East and Africa Solar Water Heater Market Revenue (Million), by End User 2024 & 2032
  76. Figure 76: Middle East and Africa Solar Water Heater Market Volume (K Unit), by End User 2024 & 2032
  77. Figure 77: Middle East and Africa Solar Water Heater Market Revenue Share (%), by End User 2024 & 2032
  78. Figure 78: Middle East and Africa Solar Water Heater Market Volume Share (%), by End User 2024 & 2032
  79. Figure 79: Middle East and Africa Solar Water Heater Market Revenue (Million), by Country 2024 & 2032
  80. Figure 80: Middle East and Africa Solar Water Heater Market Volume (K Unit), by Country 2024 & 2032
  81. Figure 81: Middle East and Africa Solar Water Heater Market Revenue Share (%), by Country 2024 & 2032
  82. Figure 82: Middle East and Africa Solar Water Heater Market Volume Share (%), by Country 2024 & 2032

List of Tables

  1. Table 1: Global Solar Water Heater Market Revenue Million Forecast, by Region 2019 & 2032
  2. Table 2: Global Solar Water Heater Market Volume K Unit Forecast, by Region 2019 & 2032
  3. Table 3: Global Solar Water Heater Market Revenue Million Forecast, by Thermal Collector Type 2019 & 2032
  4. Table 4: Global Solar Water Heater Market Volume K Unit Forecast, by Thermal Collector Type 2019 & 2032
  5. Table 5: Global Solar Water Heater Market Revenue Million Forecast, by End User 2019 & 2032
  6. Table 6: Global Solar Water Heater Market Volume K Unit Forecast, by End User 2019 & 2032
  7. Table 7: Global Solar Water Heater Market Revenue Million Forecast, by Region 2019 & 2032
  8. Table 8: Global Solar Water Heater Market Volume K Unit Forecast, by Region 2019 & 2032
  9. Table 9: Global Solar Water Heater Market Revenue Million Forecast, by Country 2019 & 2032
  10. Table 10: Global Solar Water Heater Market Volume K Unit Forecast, by Country 2019 & 2032
  11. Table 11: United States Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  12. Table 12: United States Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  13. Table 13: Canada Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  14. Table 14: Canada Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  15. Table 15: Mexico Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  16. Table 16: Mexico Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  17. Table 17: Global Solar Water Heater Market Revenue Million Forecast, by Country 2019 & 2032
  18. Table 18: Global Solar Water Heater Market Volume K Unit Forecast, by Country 2019 & 2032
  19. Table 19: Germany Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  20. Table 20: Germany Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  21. Table 21: United Kingdom Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  22. Table 22: United Kingdom Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  23. Table 23: France Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  24. Table 24: France Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  25. Table 25: Spain Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  26. Table 26: Spain Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  27. Table 27: Italy Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  28. Table 28: Italy Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  29. Table 29: Spain Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  30. Table 30: Spain Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  31. Table 31: Belgium Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  32. Table 32: Belgium Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  33. Table 33: Netherland Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  34. Table 34: Netherland Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  35. Table 35: Nordics Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  36. Table 36: Nordics Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  37. Table 37: Rest of Europe Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  38. Table 38: Rest of Europe Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  39. Table 39: Global Solar Water Heater Market Revenue Million Forecast, by Country 2019 & 2032
  40. Table 40: Global Solar Water Heater Market Volume K Unit Forecast, by Country 2019 & 2032
  41. Table 41: China Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  42. Table 42: China Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  43. Table 43: Japan Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  44. Table 44: Japan Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  45. Table 45: India Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  46. Table 46: India Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  47. Table 47: South Korea Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  48. Table 48: South Korea Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  49. Table 49: Southeast Asia Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  50. Table 50: Southeast Asia Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  51. Table 51: Australia Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  52. Table 52: Australia Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  53. Table 53: Indonesia Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  54. Table 54: Indonesia Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  55. Table 55: Phillipes Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  56. Table 56: Phillipes Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  57. Table 57: Singapore Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  58. Table 58: Singapore Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  59. Table 59: Thailandc Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  60. Table 60: Thailandc Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  61. Table 61: Rest of Asia Pacific Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  62. Table 62: Rest of Asia Pacific Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  63. Table 63: Global Solar Water Heater Market Revenue Million Forecast, by Country 2019 & 2032
  64. Table 64: Global Solar Water Heater Market Volume K Unit Forecast, by Country 2019 & 2032
  65. Table 65: Brazil Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  66. Table 66: Brazil Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  67. Table 67: Argentina Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  68. Table 68: Argentina Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  69. Table 69: Peru Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  70. Table 70: Peru Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  71. Table 71: Chile Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  72. Table 72: Chile Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  73. Table 73: Colombia Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  74. Table 74: Colombia Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  75. Table 75: Ecuador Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  76. Table 76: Ecuador Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  77. Table 77: Venezuela Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  78. Table 78: Venezuela Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  79. Table 79: Rest of South America Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  80. Table 80: Rest of South America Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  81. Table 81: Global Solar Water Heater Market Revenue Million Forecast, by Country 2019 & 2032
  82. Table 82: Global Solar Water Heater Market Volume K Unit Forecast, by Country 2019 & 2032
  83. Table 83: United Arab Emirates Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  84. Table 84: United Arab Emirates Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  85. Table 85: Saudi Arabia Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  86. Table 86: Saudi Arabia Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  87. Table 87: South Africa Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  88. Table 88: South Africa Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  89. Table 89: Rest of Middle East and Africa Solar Water Heater Market Revenue (Million) Forecast, by Application 2019 & 2032
  90. Table 90: Rest of Middle East and Africa Solar Water Heater Market Volume (K Unit) Forecast, by Application 2019 & 2032
  91. Table 91: Global Solar Water Heater Market Revenue Million Forecast, by Thermal Collector Type 2019 & 2032
  92. Table 92: Global Solar Water Heater Market Volume K Unit Forecast, by Thermal Collector Type 2019 & 2032
  93. Table 93: Global Solar Water Heater Market Revenue Million Forecast, by End User 2019 & 2032
  94. Table 94: Global Solar Water Heater Market Volume K Unit Forecast, by End User 2019 & 2032
  95. Table 95: Global Solar Water Heater Market Revenue Million Forecast, by Country 2019 & 2032
  96. Table 96: Global Solar Water Heater Market Volume K Unit Forecast, by Country 2019 & 2032
  97. Table 97: Global Solar Water Heater Market Revenue Million Forecast, by Thermal Collector Type 2019 & 2032
  98. Table 98: Global Solar Water Heater Market Volume K Unit Forecast, by Thermal Collector Type 2019 & 2032
  99. Table 99: Global Solar Water Heater Market Revenue Million Forecast, by End User 2019 & 2032
  100. Table 100: Global Solar Water Heater Market Volume K Unit Forecast, by End User 2019 & 2032
  101. Table 101: Global Solar Water Heater Market Revenue Million Forecast, by Country 2019 & 2032
  102. Table 102: Global Solar Water Heater Market Volume K Unit Forecast, by Country 2019 & 2032
  103. Table 103: Global Solar Water Heater Market Revenue Million Forecast, by Thermal Collector Type 2019 & 2032
  104. Table 104: Global Solar Water Heater Market Volume K Unit Forecast, by Thermal Collector Type 2019 & 2032
  105. Table 105: Global Solar Water Heater Market Revenue Million Forecast, by End User 2019 & 2032
  106. Table 106: Global Solar Water Heater Market Volume K Unit Forecast, by End User 2019 & 2032
  107. Table 107: Global Solar Water Heater Market Revenue Million Forecast, by Country 2019 & 2032
  108. Table 108: Global Solar Water Heater Market Volume K Unit Forecast, by Country 2019 & 2032
  109. Table 109: Global Solar Water Heater Market Revenue Million Forecast, by Thermal Collector Type 2019 & 2032
  110. Table 110: Global Solar Water Heater Market Volume K Unit Forecast, by Thermal Collector Type 2019 & 2032
  111. Table 111: Global Solar Water Heater Market Revenue Million Forecast, by End User 2019 & 2032
  112. Table 112: Global Solar Water Heater Market Volume K Unit Forecast, by End User 2019 & 2032
  113. Table 113: Global Solar Water Heater Market Revenue Million Forecast, by Country 2019 & 2032
  114. Table 114: Global Solar Water Heater Market Volume K Unit Forecast, by Country 2019 & 2032
  115. Table 115: Global Solar Water Heater Market Revenue Million Forecast, by Thermal Collector Type 2019 & 2032
  116. Table 116: Global Solar Water Heater Market Volume K Unit Forecast, by Thermal Collector Type 2019 & 2032
  117. Table 117: Global Solar Water Heater Market Revenue Million Forecast, by End User 2019 & 2032
  118. Table 118: Global Solar Water Heater Market Volume K Unit Forecast, by End User 2019 & 2032
  119. Table 119: Global Solar Water Heater Market Revenue Million Forecast, by Country 2019 & 2032
  120. Table 120: Global Solar Water Heater Market Volume K Unit Forecast, by Country 2019 & 2032


Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Solar Water Heater Market?

The projected CAGR is approximately > 5.50%.

2. Which companies are prominent players in the Solar Water Heater Market?

Key companies in the market include Alternate Energy Technologies LLC, KODSAN Company, Himin Solar Energy Group, Ariston Thermo SpA, Zhejiang JiaDeLe Solar Co Ltd, Solav Energy, A O Smith Corp, V-Guard Industries Ltd, Jiangsu Sunpower Solar Technology Co Ltd.

3. What are the main segments of the Solar Water Heater Market?

The market segments include Thermal Collector Type, End User.

4. Can you provide details about the market size?

The market size is estimated to be USD XX Million as of 2022.

5. What are some drivers contributing to market growth?

4.; Increasing Production from Unconventional Sources4.; Growing Energy Demand in the Region.

6. What are the notable trends driving market growth?

Glazed Thermal Collector Type to Dominate the Market.

7. Are there any restraints impacting market growth?

4.; Environmental Concerns.

8. Can you provide examples of recent developments in the market?

September 2022: The Tunisian government distributed solar-powered water heaters to 4000 under-served families to optimize the nation's energy consumption. By 2030, Tunisia's Ministry of Energy, Mines, and Energy Transition intends to lower its usage of fossil fuels by 30%.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in Million and volume, measured in K Unit.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Solar Water Heater Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Solar Water Heater Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Solar Water Heater Market?

To stay informed about further developments, trends, and reports in the Solar Water Heater Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.



Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step Chart
Bar Chart
Method Chart

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Approach Chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
Analyst Chart

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

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