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Global Solar Water Heater Market 2017-2021

About Solar Water Heater

A solar water heater comprises solar collectors and storage tanks. It uses sunlight to heat water and is generally installed on the roof of a building. Two types of solar water heaters are available in the market: active and passive. While the active type uses pumps to circulate water, the passive type does not require any pumps or control units to circulate water. Unlike other conventional water heaters, solar water heaters are cost-effective and reduce the dependence on fossil fuels.

Technavio’s analysts forecast the global solar water heater market to grow at a CAGR of 6.78% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global solar water heater market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of solar water heaters.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Solar Water Heater Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Chromagen
  • EMMVEE Solar Systems
  • Genersys
  • Jinyi Solar
  • Rheem Manufacturing
Other prominent vendors
  • A. O. Smith
  • Alternate Energy Technologies
  • Apricus Solar
  • Heliodyne
  • HTP
  • Inter Solar Systems
  • Nuetech Solar Systems
  • SunEarth
  • Vaughn Thermal
Market driver
  • Innovations and advancements in terms of technology and durability
  • For a full, detailed list, view our report
Market challenge
  • Low category penetration due to high initial installation and maintenance costs
  • For a full, detailed list, view our report
Market trend
  • Growth of DIY solar water heating products
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Solar Water Heater Market 2017-2021

Technavio recognizes the following companies as the key players in the global solar water heater market: Chromagen, EMMVEE Solar Systems, Genersys, Jinyi Solar, and Rheem Manufacturing

Other Prominent Vendors in the market are: A. O. Smith, Alternate Energy Technologies, Apricus Solar, Heliodyne, HTP, Inter Solar Systems, Nuetech Solar Systems, SunEarth, and Vaughn Thermal

Commenting on the report, an analyst from Technavio’s team said: “Hybrid water heaters are a combination of solar water heaters and traditional water heaters, which are designed to overcome some of the drawbacks of solar water heaters. The technology is registering a wide acceptance in recent times. Hybrid water heaters are more energy-efficient in comparison to conventional water heaters and are more effective in comparison to standard solar water heaters. Hybrid water heaters use the latest technology and consume less energy. Owing to these advantages, the demand for hybrid water heaters is increasing at a rapid rate, which will have a positive impact on the growth of the global solar water heater market during the forecast period.”

According to the report, the global solar water heater market is incentivized by various governments across the world. Also, through campaigning, various government agencies are educating consumers about the benefits of using solar water heaters over conventional methods, which either use electricity or non-renewable energy sources such coal and gas. To counter the environmental threats arising from the excessive use of fossil fuels, government authorities across the world have started working on policies to increase the adoption of alternatives like solar water heaters. In many countries, such as China, Germany, and Japan, the respective governments have mandated the installation of solar water heaters in new buildings and constructions.

Further, the report states that the initial cost of installing a solar water heater is very high when compared to conventional electric water heaters. Again, installing solar water heaters requires specific skills and not enough manpower is available in this sector. Maintenance costs associated with solar water heaters are also relatively higher than their alternatives, which eliminate long-term cost benefits, making it difficult to convince users to adopt the same.

Companies Mentioned

Chromagen, EMMVEE Solar Systems, Genersys, Jinyi Solar, Rheem Manufacturing, A. O. Smith, Alternate Energy Technologies, Apricus Solar, Heliodyne, HTP, Inter Solar Systems, Nuetech Solar Systems, SunEarth, Vaughn Thermal.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global solar water heater market: Overview
    • Global solar water heater market by technology
      • Table Global solar water heater market by technology
    • Value chain analysis of the global solar water heater market
      • Table Value chain analysis of the global solar water heater market
    • Market size and forecast
      • Table Global solar water heater market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global solar water heater market by end-user
      • Table Global solar water heater market by end-user 2016 (% share)
      • Table Global solar water heater market by end-user 2021 (% share)
      • Table Global solar water heater market by end-user 2016-2021 ($ billions)
      • Table Global solar water heater market by end-user 2016-2021 (% share)
    • Global solar water heater market in residential segment
      • Table Global solar water heater market in residential segment 2016-2021 ($ billions)
    • Global solar water heater market in commercial segment
      • Table Global solar water heater market in commercial segment 2016-2021 ($ billions)
    • Global solar water heater market in industrial segment
      • Table Global solar water heater market in industrial segment 2016-2021 ($ billions)
  • Market segmentation by retail distribution channels
    • Global solar water heater market by retail distribution channels
      • Table Retail distribution channel 2016 (% share)
  • Geographical segmentation
    • Global solar water heater market by geography
      • Table Global solar water heater market by geography 2016 (% share)
      • Table Global solar water heater market by geography 2021 (% share)
      • Table Global solar water heater market by geography 2016-2021 ($ billions)
      • Table Global solar water heater market by geography 2016-2021 (% share)
    • Solar water heater market in APAC
      • Table Solar water heater market in APAC 2016-2021 ($ billions)
    • Solar water heater market in EMEA
      • Table Solar water heater market in EMEA 2016-2021 ($ billions)
    • Solar water heater market in the Americas
      • Table Solar water heater market in the Americas ($ billions)
  • Key leading countries
    • Table Key leading countries
    • China
    • India
    • Japan
  • Market drivers
    • Government support in developing economies
    • Increasing demand from APAC
    • Innovations and advancements in terms of technology and durability
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Low category penetration due to high initial installation and maintenance costs
    • Seasonal variation and variable weather conditions, and low consumer awareness
    • Low replacement and refurbishment market due to longer product replacement cycles
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Emergence of hybrid water heaters
    • Growth of DIY solar water heating products
  • Vendor landscape
    • Competitive scenario
    • Key players in global solar water heater market
      • Table Key players in global solar water heater market
    • Competitive assessment of top five vendors
      • Table Competitive assessment of top five vendors
  • Key vendor analysis
    • Chromagen
      • Table Chromagen: Product segmentation
    • EMMVEE Solar Systems
      • Table EMMVEE Solar Systems: Product segmentation
    • Genersys
      • Table Genersys: Product segmentation
    • Jinyi Solar
      • Table Jinyi Solar: Product segmentation
    • Rheem Manufacturing
      • Table Rheem Manufacturing: Product segmentation
  • Appendix
    • List of abbreviations
  • Explore Technavio

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