Global Solar Water Heater Market Growth 2025-2031
Description
The global Solar Water Heater market size is predicted to grow from US$ 3815 million in 2025 to US$ 4725 million in 2031; it is expected to grow at a CAGR of 3.6% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
A solar water heater is a device that uses solar energy to heat water, typically consisting of collectors, a storage tank, a piping system, and a control system. The working principle involves solar radiation being absorbed by the collectors, converting it into heat energy, which is then used to heat the water flowing through the system. The storage tank stores the heated water for daily use. Solar water heaters are mainly used in residential, commercial, and industrial sectors, providing a stable, environmentally friendly, and cost-effective supply of hot water. Depending on the type of collector and design, solar water heaters can be classified into flat-plate collector type and vacuum tube collector type. The flat-plate collector is suitable for areas with abundant sunlight, while the vacuum tube collector is ideal for colder climates or regions with less stable sunlight conditions.
As an environmentally friendly technology, solar water heaters significantly reduce reliance on conventional energy sources and lower carbon dioxide emissions. They use pollution-free, renewable solar energy to supply hot water to households and industries, effectively saving on electricity, gas, and other energy costs, with substantial economic and environmental benefits. Given the global energy shortage and increasing environmental pressures, the market prospects for solar water heaters are very promising. With technological advancements and declining costs, more and more countries and regions are incorporating solar water heaters into their energy-saving and emission-reduction programs, driving the widespread adoption of this product worldwide.
As global demand for green energy increases, the solar water heater market shows strong growth potential. Key drivers include rising energy prices, stricter environmental regulations, technological innovations, and growing consumer demand for energy-efficient products. The widespread adoption of solar water heaters can reduce reliance on conventional energy sources, lower energy costs for households and businesses, and align with the global trend of low-carbon development.
However, the market also faces several challenges and risks. First, the initial investment cost of solar water heaters is relatively high, which may pose a barrier to purchase for many developing countries or low-income households. Second, weather and regional differences have a significant impact on the performance of solar water heaters, especially in areas with unstable sunlight or cold climates, where their performance and efficiency may be compromised. Additionally, market technological developments still face some challenges, such as improving the thermal efficiency of collectors and enhancing the insulation performance of storage systems.
The market concentration is relatively high, especially in countries and regions with advanced technologies and well-developed industrial chains, where major manufacturers dominate the market. At the same time, with technological advancements, an increasing number of innovative products are emerging, such as smart control systems and automatic water temperature regulation systems. The application of these new technologies is expected to further improve the efficiency and user experience of solar water heaters, driving sustained market growth.
In terms of downstream demand, there is rapid growth in the demand for solar water heaters in both residential and commercial sectors, particularly in sunny regions. Government subsidies and tax incentives have also played a role in promoting consumer purchasing willingness. With the continuous progress of solar technology and declining costs, the market is expected to experience even faster growth in the coming years.
LP Information, Inc. (LPI) ' newest research report, the “Solar Water Heater Industry Forecast” looks at past sales and reviews total world Solar Water Heater sales in 2024, providing a comprehensive analysis by region and market sector of projected Solar Water Heater sales for 2025 through 2031. With Solar Water Heater sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar Water Heater industry.
This Insight Report provides a comprehensive analysis of the global Solar Water Heater landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solar Water Heater portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Solar Water Heater market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar Water Heater and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solar Water Heater.
This report presents a comprehensive overview, market shares, and growth opportunities of Solar Water Heater market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Pressurized Solar Water Heater
Non Pressure Solar Water Heater
Segmentation by Application:
Residential Use
Commercial Use
Industrial Systems
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Rheem Manufacturing Company
Shandong Sangle Group
Helioakmi S.A.
Himin Solar Energy Group
Sunrain
Jiaxing Jinyi
Sole S.A.
HITEK
Sunpower Solar
SunEarth, Inc.
Viessmann Group
V-Guard Industries Ltd
SunTank
GMO Water Heater
Alternate Energy
Bradford White
Solahart Industries
Key Questions Addressed in this Report
What is the 10-year outlook for the global Solar Water Heater market?
What factors are driving Solar Water Heater market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solar Water Heater market opportunities vary by end market size?
How does Solar Water Heater break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
A solar water heater is a device that uses solar energy to heat water, typically consisting of collectors, a storage tank, a piping system, and a control system. The working principle involves solar radiation being absorbed by the collectors, converting it into heat energy, which is then used to heat the water flowing through the system. The storage tank stores the heated water for daily use. Solar water heaters are mainly used in residential, commercial, and industrial sectors, providing a stable, environmentally friendly, and cost-effective supply of hot water. Depending on the type of collector and design, solar water heaters can be classified into flat-plate collector type and vacuum tube collector type. The flat-plate collector is suitable for areas with abundant sunlight, while the vacuum tube collector is ideal for colder climates or regions with less stable sunlight conditions.
As an environmentally friendly technology, solar water heaters significantly reduce reliance on conventional energy sources and lower carbon dioxide emissions. They use pollution-free, renewable solar energy to supply hot water to households and industries, effectively saving on electricity, gas, and other energy costs, with substantial economic and environmental benefits. Given the global energy shortage and increasing environmental pressures, the market prospects for solar water heaters are very promising. With technological advancements and declining costs, more and more countries and regions are incorporating solar water heaters into their energy-saving and emission-reduction programs, driving the widespread adoption of this product worldwide.
As global demand for green energy increases, the solar water heater market shows strong growth potential. Key drivers include rising energy prices, stricter environmental regulations, technological innovations, and growing consumer demand for energy-efficient products. The widespread adoption of solar water heaters can reduce reliance on conventional energy sources, lower energy costs for households and businesses, and align with the global trend of low-carbon development.
However, the market also faces several challenges and risks. First, the initial investment cost of solar water heaters is relatively high, which may pose a barrier to purchase for many developing countries or low-income households. Second, weather and regional differences have a significant impact on the performance of solar water heaters, especially in areas with unstable sunlight or cold climates, where their performance and efficiency may be compromised. Additionally, market technological developments still face some challenges, such as improving the thermal efficiency of collectors and enhancing the insulation performance of storage systems.
The market concentration is relatively high, especially in countries and regions with advanced technologies and well-developed industrial chains, where major manufacturers dominate the market. At the same time, with technological advancements, an increasing number of innovative products are emerging, such as smart control systems and automatic water temperature regulation systems. The application of these new technologies is expected to further improve the efficiency and user experience of solar water heaters, driving sustained market growth.
In terms of downstream demand, there is rapid growth in the demand for solar water heaters in both residential and commercial sectors, particularly in sunny regions. Government subsidies and tax incentives have also played a role in promoting consumer purchasing willingness. With the continuous progress of solar technology and declining costs, the market is expected to experience even faster growth in the coming years.
LP Information, Inc. (LPI) ' newest research report, the “Solar Water Heater Industry Forecast” looks at past sales and reviews total world Solar Water Heater sales in 2024, providing a comprehensive analysis by region and market sector of projected Solar Water Heater sales for 2025 through 2031. With Solar Water Heater sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar Water Heater industry.
This Insight Report provides a comprehensive analysis of the global Solar Water Heater landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solar Water Heater portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Solar Water Heater market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar Water Heater and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solar Water Heater.
This report presents a comprehensive overview, market shares, and growth opportunities of Solar Water Heater market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Pressurized Solar Water Heater
Non Pressure Solar Water Heater
Segmentation by Application:
Residential Use
Commercial Use
Industrial Systems
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Rheem Manufacturing Company
Shandong Sangle Group
Helioakmi S.A.
Himin Solar Energy Group
Sunrain
Jiaxing Jinyi
Sole S.A.
HITEK
Sunpower Solar
SunEarth, Inc.
Viessmann Group
V-Guard Industries Ltd
SunTank
GMO Water Heater
Alternate Energy
Bradford White
Solahart Industries
Key Questions Addressed in this Report
What is the 10-year outlook for the global Solar Water Heater market?
What factors are driving Solar Water Heater market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solar Water Heater market opportunities vary by end market size?
How does Solar Water Heater break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
143 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Solar Water Heater by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Solar Water Heater by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
Currency Rates
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