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:-
Ankur Gupta, Head Marketing & Communications