Global Solar Water Heater Market Anticipated to Grow at a CAGR of 7.4% during 2017-2025

 
NEW YORK - July 6, 2018 - PRLog -- According to Goldstein Research, global solar water heater market is expected to reach USD 5.1 billion by 2025, growing at a CAGR of 29.3% over the forecast period 2017-2025. The factors such as government initiative towards promoting solar water heater, investments in related projects, presence of number of manufacturers, awareness among the people, rising adoption of solar water heaters by various countries are driving the growth of global water heater industry. Global solar water heater market segmentationhas beendoneon the basis of product type, component, end user, distribution channel and geography. Based on functions, active solar water heater accounted for largest market share of 58.3% in 2017 of the total global solar water heater market.

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Global solar water heater market is largely dominated by Asia Pacific acquiring a market share of 38.6% in 2017, owing to the fact that it lies in the tropical belt of Earth thus has high potential to generate solar energy throughout the year. Moreover, Latin America is the fastest growing market for the growth of solar water heater market at a rate of 3.2% annually.

Market Segmentation
On the basis of our in-depth analysis, Global Solar Water Heater Market can be segmented as follows:
By Product Type
o   Active Solar Water Heaters

o   Passive Solar Water Heaters
By Component
o   Solar Collectors

o   Evacuated Tube

o   Flat Plate

o   Unglazed Water

o   Storage Tanks
By Distribution Channel
o   Online Stores

o   Offline Stores
By End-User
o   Residential sector

o   Commercial sector

o   Industrial sector
By Region
o   North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}

o   Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

o   Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

o   Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

o   Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

o   Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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Global Solar Water Heater Market Outlook 2025contains detailed overview of the global solar water heater market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, component, end user and distribution channel.

Further, for the in-depth analysis, Global Solar Water Heater Market Report (https://www.goldsteinresearch.com/report/global-water-hea...) encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter's five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as EMMVEE Solar Systems, Jinyi Solar, Chromagen, Genersys, Rheem Manufacturing, Alternate Energy Technologies, Apricus Solar, A. O. Smith, Heliodyne, HTP, Inter Solar Systems, Nuetech Solar Systems, SunEarth, Vaughn Thermal,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global solar water heater market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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Browse Similar Report: Asia-Pacific Solar Water Heater Market (https://www.goldsteinresearch.com/report/asia-pacific-solar-water-heater-market-analysis)

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