Solar Water Heater Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

Report Code: ZMR-160 | Report Format : | Status : Upcoming |

Abstract

The conversion of sunlight into a renewable energy for the purpose of heating the water using a solar thermal collector is called as solar water heating (SWH). The systems used in the solar water heating process comprise different technologies that are used worldwide. SWH systems are designed in order to deliver hot water for most of the year. In order to heat water using solar energy, a collector is generally fixed to a roof or a wall facing the sun. This collector heats a working fluid which is either pumped or driven by natural convection.

The hot water delivered by the solar water systems is used for various household activities such as washing, bathing, and cleaning. Besides the domestic use of solar water heater, it is also widely used in commercial places such as hotels and public institutions. Different advancements in the field of solar water heater are making it as one of the preferable choices among manufacturing industries.

On the basis of type, the global solar water heating system is broadly segmented as direct solar water heating systems, indirect solar water heating systems, active solar water-heating systems, and passive solar water heating systems. Direct or open loop systems circulate potable water through the collectors. They are relatively cheap but may have some drawbacks. Indirect or closed loop systems use a heat exchanger that separates the usable water from the fluid that circulates through the collector. The fluid in the heat exchanger is also known as the heat-transfer fluid (HTF). Passive systems depend on heat-driven convection or heat pipes for circulating water or heating fluid in the system. These systems are cheap to have extremely low or no maintenance at all. Active systems use one or more pumps to circulate water or heating fluid in the system.

High demand for hot water for commercial and household use of water from hotels, institutions, and hospitals is one of the key market drivers boosting the growth of the global solar water heating market. Rising demand for the solar water heating systems is also impacting the growth of the market in a positive way. Cost-effectiveness and reduced dependence on other fossil fuels are the advantages provided by solar water heating systems. Conversely, lack of consumer awareness act as is one of the market restraints.

China is the largest market for solar water heating systems consuming the largest share of the market followed by India, Japan, and Australia. Owing to the large potential of solar power generation, Asia-Pacific is the fastest growing market.

Major players in the global solar water heating market are Azure Power India, Central Electronics, Chemtrols Solar, Emmvee Solar Systems, Euro Multivision, Indosolar, and Jupiter Solar Power. Other key players dominating the global market are Lanco Solar Private, Mahindra Solar One, Moser Baer Photovoltaic, Photon Energy Systems, PLG Power, Surana Ventures, Tata Power Solar Systems, Vikram Solar, Websol Energy System, and XL Energy.

Solar Water Heater Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany 
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Related Reports

Directional Drilling Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1371 | Report Format:

Global Directional Drilling Market: Overview The process of drilling where the contractors try and change or alter the azimuth or inclination of the drill hole is known as directional drilling. This is achieved using wedging tools or directional drilling tools and by bottom hole assembly selecti...Read More

Digital Oilfield Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1366 | Report Format:

Global Digital Oilfield Market: Overview In order to optimize the recovery of the hydrocarbons and to improve the safety in the operations an advanced application in the information technology is used which is termed as digital oilfield. The solutions that are provided by the digital oilfield in...Read More

Synthetic Lubricants Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1341 | Report Format:

Global Synthetic Lubricants Market: Overview Basically, lubricants are substances that are used to reduce the friction amid two sliding or two moving surfaces. The primary objective of the lubricant is to keep aside the two sliding or moving surfaces so as to decrease the destruction of the mate...Read More

E-Waste Management Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1315 | Report Format:

Global E-Waste Management Market: Overview The rejected electronic devices and components or the waste materials that are involved in their manufacturing are known as electronic waste or e-waste. The e-waste contains computers, televisions, mobile phones, white goods such as washing machines, ta...Read More

Pressure Vessel Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1311 | Report Format:

Global Pressure Vessel Market: Overview Pressure vessels are containers designed to store high-pressure liquids and gasses. According to the application and regional regulations requirement, the properties of pressure vessels may vary; however, the primary role of pressure vessels is to withstan...Read More

Choose License Type: