Solar Water Heaters Global Market Report 2024

Global Solar Water Heaters Market Report 2024

Solar Water Heaters Global Market Report 2024 – By System (Thermosiphon, Pumped), By Collector (Evacuated Tube Collector, Flat Plate Collector, Unglazed Water Collector), By Capacity (100 L, 150 Liter, 200 Liter, Other Capacity), By Application (Residential, Commercial, Industrial) – Market Size, Trends, And Global Forecast 2024-2033

Name: Solar Water Heaters Global Market Report 2024
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Solar Water Heaters Global Market Report 2024

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Solar Water Heaters Market Definition

Solar water heaters are systems that utilize solar energy to heat water for domestic, commercial, and industrial use. They typically consist of solar thermal collectors and a storage tank, efficiently converting sunlight into heat to provide hot water. These systems reduce the reliance on traditional energy sources, lowering energy costs and decreasing greenhouse gas emissions.

The main solar water heater systems are thermosiphon and pumped. A thermosiphon solar water heating system operates on the principle of natural convection, where cold water in the collector absorbs solar heat, becomes lighter, and naturally rises into the storage tank located above the collector. They use various collectors, such as an evacuated tube collector, a flat plate collector, and an unglazed water collector. They are available in different capacities, such as 100 liters, 150 liters, 200 liters, and others. They are used for various applications, such as residential, commercial, and industrial.

Solar Water Heaters Market Segmentation

The solar water heaters market covered in this report is segmented –

1) By System: Thermosiphon, Pumped

2) By Collector: Evacuated Tube Collector, Flat Plate Collector, Unglazed Water Collector

3) By Capacity: 100 L, 150 Liter, 200 Liter, Other Capacity

4) By Application: Residential, Commercial, Industrial

Global Solar Water Heaters Market Size 2023 to 2028: Graph

Solar Water Heaters Market Size 2024 And Growth Rate

The solar water heaters market size has grown steadily in recent years. It will grow from $4.26 billion in 2023 to $4.63 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to rising energy prices and volatility in fossil fuel markets, increasing focus on energy independence and security, growing consumer preference for sustainable and eco-friendly solutions.

Solar Water Heaters Market Growth Forecast

The solar water heaters market size is expected to see strong growth in the next few years. It will grow to $6.18 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to rising demand for off-grid and decentralized energy solutions, increasing adoption of hybrid solar water heating systems, continuation of government incentives and policies favoring renewable energy. Major trends in the forecast period include adoption of predictive analytics and artificial intelligence for system optimization, emergence of new business models focused on energy-as-a-service and performance contracting, development of standards and certifications to ensure product quality and safety, collaborative partnerships between manufacturers and utilities to promote solar water heating.

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Solar Water Heaters Market Driver: Solar Water Heaters Gain Momentum Amidst Soaring Energy Costs

The increasing energy prices are expected to propel the growth of the solar water heater market going forward. Energy refers to the fundamental entity of nature that is transferred between parts of a system in the production of usable power, such as heat or electricity. The prices are rising due to increased demand, supply constraints, geopolitical tensions, and the transition to renewable energy sources. Solar water heaters play a vital role in mitigating the impact of increasing energy prices by providing a cost-effective and sustainable alternative for water heating. For instance, in May 2023, according to reports published by the U.S. Energy Information Administration (EIA), a US-based statistical and analytical agency, the price of fossil fuels, including natural gas, coal, and petroleum, supplied to U.S. power plants rose by 34% from $3.82 per million British thermal units (MMBtu) in 2021 to $5.13 per (MMBtu) in 2022. Therefore, increasing energy prices are driving the growth of the solar water heater market.

Global Solar Water Heaters Market Major Players

Major companies operating in the solar water heaters market are Robert Bosch GmbH, Hubbell Incorporated, Viessmann Manufacturing, Ariston Group, Rheem Manufacturing Company, Stiebel Eltron Inc., Tata Power Solar Systems Limited, V-Guard Industries Ltd., Bradford White Corporation, Himin Solar Energy Group, Photon Energy Systems Ltd., A. O. Smith, Central Electronics Limited, Alternate Energy Technologies LLC, Kodsan Isi Teknolojileri, SunEarth Inc., Apricus Solar Co. Ltd., Jupiter Solar Power Limited, SunTank, Solav Energy, Ferroli S.p.A., FAFCO Inc., Wagner & Co Solartechnik GmbH, Chemtrols Solar Pvt. Ltd., Nihon Itomic Co. Ltd.

Global Solar Water Heaters Market Trend: Panasonic's Eco Cute Paves The Way For Sustainable Living Through Solar Water Heating

Major companies operating in the solar water heater market are increasing their focus on developing new products, such as Eco Cute, to elevate their financial performance in the market. This system, which encompasses an air-source heat pump system and a hot water storage unit, seamlessly integrates with residential solar panels to harness excess solar energy for water heating. For instance, in March 2022, Panasonic Corporation, a Japan-based electronic company, launched Eco Cute. The eco cute system captures heat from the air to create hot water for residential use. It offers energy-efficient water heating and supply by utilizing supercritical carbon dioxide as a refrigerant instead of conventional gases like ammonia or haloalkanes. The system is known for its environmental benefits, including energy conservation and reduced greenhouse gas emissions. It includes a heat pump and hot water storage unit that helps maintain bathwater temperatures at a constant level, saving energy and reducing water usage.

Solar Water Heaters Market Merger And Acquisition: Ariston Holding N.V. Boosts Solar Water Heater Offerings With Chromagen Acquisition

In January 2022, Ariston Holding N.V., an Italy-based company that provides heating systems and related products, acquired Chromagen Ltd. for $35.84 million. Through this acquisition, Ariston strengthens its competitive position by leveraging Chromagen's expertise and market presence, marking a notable progression in advancing sustainable solutions in the solar water heater market. Chromagen Ltd. is an Israel-based company that specializes in water heating, energy savings, and clean energy, including solar water heaters for various applications.

Regional Insights For The Global Solar Water Heaters Market

North America was the largest region in the solar water heaters market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the solar water heaters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the solar water heaters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The solar water heater market consists of sales of products such as solar collectors, storage tanks, circulation systems, controllers, and backup heating systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The solar water heaters market research report is one of a series of new reports from The Business Research Company that provides solar water heaters market statistics, including solar water heaters industry global market size, regional shares, competitors with a solar water heaters market share, detailed solar water heaters market segments, market trends and opportunities, and any further data you may need to thrive in the solar water heaters industry. This solar water heater market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Solar Water Heaters Market Report Forecast and Analysis

Report Attribute	Details
Market Size Value In 2024	$4.63 billion
Revenue Forecast In 2033	$6.18 billion
Growth Rate	CAGR of 7.4% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By System: Thermosiphon, Pumped 2) By Collector: Evacuated Tube Collector, Flat Plate Collector, Unglazed Water Collector 3) By Capacity: 100 L, 1 5)0 Liter, 200 Liter, Other Capacity 4) By Application: Residential, Commercial, Industrial
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Robert Bosch GmbH; Hubbell Incorporated; Viessmann Manufacturing; Ariston Group; Rheem Manufacturing Company; Stiebel Eltron Inc.; Tata Power Solar Systems Limited; V-Guard Industries Ltd.; Bradford White Corporation; Himin Solar Energy Group; Photon Energy Systems Ltd.; A. O. Smith; Central Electronics Limited; Alternate Energy Technologies LLC; Kodsan Isi Teknolojileri; SunEarth Inc.; Apricus Solar Co. Ltd.; Jupiter Solar Power Limited; SunTank; Solav Energy; Ferroli S.p.A.; FAFCO Inc.; Wagner & Co Solartechnik GmbH; Chemtrols Solar Pvt. Ltd.; Nihon Itomic Co. Ltd.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Solar Water Heaters Market Characteristics

3. Solar Water Heaters Market Trends And Strategies

4. Solar Water Heaters Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Solar Water Heaters Market Size and Growth

5.1. Global Solar Water Heaters Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Solar Water Heaters Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Solar Water Heaters Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Solar Water Heaters Market Segmentation

6.1. Global Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Thermosiphon

Pumped

6.2. Global Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Evacuated Tube Collector

Flat Plate Collector

Unglazed Water Collector

6.3. Global Solar Water Heaters Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

100 L

150 Liter

200 Liter

Other Capacity

6.4. Global Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Residential

Commercial

Industrial

7. Solar Water Heaters Market Regional And Country Analysis

7.1. Global Solar Water Heaters Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Solar Water Heaters Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Solar Water Heaters Market

8.1. Asia-Pacific Solar Water Heaters Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Solar Water Heaters Market

9.1. China Solar Water Heaters Market Overview

9.2. China Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Solar Water Heaters Market

10.1. India Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Solar Water Heaters Market

11.1. Japan Solar Water Heaters Market Overview

11.2. Japan Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Solar Water Heaters Market

12.1. Australia Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Solar Water Heaters Market

13.1. Indonesia Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Solar Water Heaters Market

14.1. South Korea Solar Water Heaters Market Overview

14.2. South Korea Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Solar Water Heaters Market

15.1. Western Europe Solar Water Heaters Market Overview

15.2. Western Europe Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Solar Water Heaters Market

16.1. UK Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Solar Water Heaters Market

17.1. Germany Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Solar Water Heaters Market

18.1. France Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Solar Water Heaters Market

19.1. Italy Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Solar Water Heaters Market

20.1. Spain Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Solar Water Heaters Market

21.1. Eastern Europe Solar Water Heaters Market Overview

21.2. Eastern Europe Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Solar Water Heaters Market

22.1. Russia Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Solar Water Heaters Market

23.1. North America Solar Water Heaters Market Overview

23.2. North America Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Solar Water Heaters Market

24.1. USA Solar Water Heaters Market Overview

24.2. USA Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Solar Water Heaters Market

25.1. Canada Solar Water Heaters Market Overview

25.2. Canada Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Solar Water Heaters Market

26.1. South America Solar Water Heaters Market Overview

26.2. South America Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Solar Water Heaters Market

27.1. Brazil Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Solar Water Heaters Market

28.1. Middle East Solar Water Heaters Market Overview

28.2. Middle East Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Solar Water Heaters Market

29.1. Africa Solar Water Heaters Market Overview

29.2. Africa Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Solar Water Heaters Market Competitive Landscape And Company Profiles

30.1. Solar Water Heaters Market Competitive Landscape

30.2. Solar Water Heaters Market Company Profiles

30.2.1. Robert Bosch GmbH

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Hubbell Incorporated

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Viessmann Manufacturing

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Ariston Group

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Rheem Manufacturing Company

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Solar Water Heaters Market Other Major And Innovative Companies

31.1. Stiebel Eltron Inc.

31.2. Tata Power Solar Systems Limited

31.3. V-Guard Industries Ltd.

31.4. Bradford White Corporation

31.5. Himin Solar Energy Group

31.6. Photon Energy Systems Ltd.

31.7. A. O. Smith

31.8. Central Electronics Limited

31.9. Alternate Energy Technologies LLC

31.10. Kodsan Isi Teknolojileri

31.11. SunEarth Inc.

31.12. Apricus Solar Co. Ltd.

31.13. Jupiter Solar Power Limited

31.14. SunTank

31.15. Solav Energy

32. Global Solar Water Heaters Market Competitive Benchmarking

33. Global Solar Water Heaters Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Solar Water Heaters Market

35. Solar Water Heaters Market Future Outlook and Potential Analysis

35.1 Solar Water Heaters Market In 2028 - Countries Offering Most New Opportunities

35.2 Solar Water Heaters Market In 2028 - Segments Offering Most New Opportunities

35.3 Solar Water Heaters Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Solar Water Heaters Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Solar Water Heaters Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global Solar Water Heaters Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: Robert Bosch GmbH Financial Performance

Table 76: Hubbell Incorporated Financial Performance

Table 77: Viessmann Manufacturing Financial Performance

Table 78: Ariston Group Financial Performance

Table 79: Rheem Manufacturing Company Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Solar Water Heaters Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Solar Water Heaters Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global Solar Water Heaters Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Solar Water Heaters Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Solar Water Heaters Market, Segmentation By Collector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Solar Water Heaters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: Robert Bosch GmbH Financial Performance

Figure 76: Hubbell Incorporated Financial Performance

Figure 77: Viessmann Manufacturing Financial Performance

Figure 78: Ariston Group Financial Performance

Figure 79: Rheem Manufacturing Company Financial Performance

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Frequently Asked Questions

What is the definition of the solar water heaters market?

How will the solar water heaters market drivers and restraints affect the solar water heaters market dynamics? What forces will shape the solar water heaters industry going forward?

The solar water heaters market major growth driver - Solar Water Heaters Gain Momentum Amidst Soaring Energy Costs. For further insights on the solar water heaters market, request a sample here

What is the forecast market size or the forecast market value of the solar water heaters market?

The solar water heaters market size has grown steadily in recent years. It will grow from $4.26 billion in 2023 to $4.63 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to rising energy prices and volatility in fossil fuel markets, increasing focus on energy independence and security, growing consumer preference for sustainable and eco-friendly solutions. The solar water heaters market size is expected to see strong growth in the next few years. It will grow to $6.18 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to rising demand for off-grid and decentralized energy solutions, increasing adoption of hybrid solar water heating systems, continuation of government incentives and policies favoring renewable energy. Major trends in the forecast period include adoption of predictive analytics and artificial intelligence for system optimization, emergence of new business models focused on energy-as-a-service and performance contracting, development of standards and certifications to ensure product quality and safety, collaborative partnerships between manufacturers and utilities to promote solar water heating. For further insights on the solar water heaters market, request a sample here

How is the solar water heaters market segmented?

The solar water heaters market is segmented
1) By System: Thermosiphon, Pumped
2) By Collector: Evacuated Tube Collector, Flat Plate Collector, Unglazed Water Collector
3) By Capacity: 100 L, 150 Liter, 200 Liter, Other Capacity
4) By Application: Residential, Commercial, IndustrialFor further insights on the solar water heaters market, request a sample here

Which region has the largest share of the solar water heaters market? What are the other regions covered in the report?

North America was the largest region in the solar water heaters market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the solar water heaters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the solar water heaters market, request a sample here.

Who are the major players in the solar water heaters market?

What are the key trends in the solar water heaters market?

Major trend in the solar water heaters market - Panasonic's Eco Cute Paves The Way For Sustainable Living Through Solar Water Heating. For further insights on the solar water heaters market, request a sample here.

What are the major opportunities in the solar water heaters market? What are the strategies for the solar water heaters market?

For detailed insights on the major opportunities and strategies in the solar water heaters market, request a sample here.

How does the solar water heaters market relate to the overall economy and other similar markets?

For detailed insights on solar water heaters market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the solar water heaters industry?

For detailed insights on the mergers and acquisitions in the solar water heaters industry, request a sample here.

What are the key dynamics influencing the solar water heaters market growth? SWOT analysis of the solar water heaters market.

For detailed insights on the key dynamics influencing the solar water heaters market growth and SWOT analysis of the solar water heaters industry, request a sample here.