Global Solar Water Heater Market Overview:
Solar water
heaters provide hot water for several sectors like industrial, commercial, and
residential applications. The system stores solar energy using flat-plate
collector, evacuated tube collector, and unglazed water collector and the
process saves energy bills. The global solar water heaters market is expected
to rise by 8.5% during the forecast period (2018-2023). Market Research Future
(MRFR) claims that the CAGR attained during the period would help the global
solar water heaters market in crossing the estimated market valuation.
A solar water
heater comprises of an array of collectors to collect and store solar energy.
There are mainly three types of solar collectors that are used in residential
applications such as flat-plate collector, evacuated tube collector, and
unglazed water collector.
Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/7132
The market is
primarily getting driven by government initiatives to curtail carbon production
and save non-renewable resources. Increasing applications in the construction
sector is expected to push the global solar water heaters market forward.
Advanced technology is further easing the process of solar water heater
integration in different industries. The technology is gaining traction due to
its ability to reduce cost and bill for housing sectors which is why, the
global solar water heaters market is expected to grow rapidly.
Solar Water Heater Market Segmentation:
The global
solar water heater market, as per the reports published by MRFR, is segmented
by type, collector type and application. The segmentation aims at unraveling
details of the market for a better analytical approach that would help in gaining
overview of the market for the upcoming days.
Based on the
type, the solar water heater market includes pumped and thermosyphon. The
thermosyphon segment has the maximum market coverage and generates the highest
revenue between the two. The credit goes to low pricing and easy installation
& usage of the product.
Based on the
application, the solar water heater market comprises residential, commercial,
and industrial. The residential segment
is expected to record the highest growth rate during the forecast period.
Increasing number of construction and initiatives taken to promote smart
buildings are expected to promote the market extensively.
Access Full
Report at: https://www.marketresearchfuture.com/reports/solar-water-heater-market-7132
Regional Analysis:
MRFR in its
region-specific analysis of the global solar water heater market delves deep
into the market demography of five regions like North America, Asia Pacific
(APAC), Europe, Middle East & Africa (MEA), and South America.
The APAC market
has the maximum market coverage and the regional market is gaining pace due to
the happening residential sector that is following the smart home and
eco-friendly housing models. The region has the highest number of people living
here and the residential market is not going to plummet in any time soon. Rise
in renewable energy can also be witnessed and government regulations are
helping the regional residential and commercial sector substantially to take
the market forward.
Europe is doing
well in the market as the region has pro-environment policies in place now for
a long time. This has helped the regional housing sector implement latest
technologies to ensure the solar water heater methods. North America is also
walking on the same line owing to which high growth is possible in the coming
years.
Competitive Landscape:
Influential companies
are making a strong road for the global solar water heater market by deploying
innovative strategies which boosted not just their production but ensured
growth for the market as well. MRFR enlisted several companies of high
importance and profiled them for a better understanding in the coming years.
These companies are Rheem Manufacturing (US), A.O.Smith (US), SunTank (South
Africa), Bradford White Corporation (US), Bosch (Germany), Honeywell
Corporation (US), Racold (India),
Alternate energy Technologies (US), Viessmann Manufacturing (US), Wagner Solar
(UK), and others.
About Market Research Future:
At Market Research Future (MRFR), we
enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment