Global Solar Water Heaters Market 2018-2025 by Technology (ETC, FPC, UWC), Application (Residential, Commercial, Industrial), System, Region & Segment Forecasts - ResearchAndMarkets.com
Aug. 31, 2018
DUBLIN--(BUSINESS WIRE)--Aug 31, 2018--The "Solar Water Heaters Market Size, Share & Trends Analysis Report, By Technology (ETC, FPC, UWC), By Application (Residential, Commercial, Industrial), By System, By Region, And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global solar water heaters market size is predicted to be valued at USD 4.13 billion by 2025, exhibiting a CAGR of 8.1% during the forecast period.
Rising demand for energy-efficient water heaters, coupled with increasing demand to reduce energy costs, is projected to augment market growth.
Solar energy is among the cleanest sources of energy available in the market. Rising awareness regarding the significance of energy conservation is predicted to augment the global market over the forecast period. Stringent regulations to substantially reduce rampant emission of greenhouse gases into the environment are projected to further boost business by 2025.
The residential segment of the solar water heaters market was worth USD 777.2 million in 2016 and is anticipated to reach USD 1,655.4 million over the forecast period. The segment comprises both large and small homes, township properties, and gated communities and households. In terms of revenue, the commercial segment is slated to register the highest revenue-based CAGR of 9.1% during the forecast period. This segment includes establishments such as educational institutions, recreational facilities, transport, and healthcare.
In terms of technology, the Evacuated Tube Collector (ETC) segment market accounted for 773.3 thousand units in 2016 and is expected to witness rapid growth by 2025. Economical pricing, improved capacity, and greater efficiency are anticipated to boost segment growth over the forecast period. In 2016, the Flat Plate Collector (FPC) segment held a 30.78% share in the global solar water heaters market revenue. High adoption of FPCs along with low manufacturing costs compared to existing technologies is predicted to support segment growth through 2025.
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Solar Water Heaters Market Variables, Trends, and Scope
Chapter 4. Industry Outlook
Chapter 5. Competitive & Vendor Landscape
Chapter 6. Solar Water Heaters Market: Technology Estimates & Trend Analysis
Chapter 7. Solar Water Heaters Market: Application Estimates & Trend Analysis
Chapter 8. Solar Water Heaters Market: System Estimates & Trend Analysis
Chapter 9. Solar Water Heaters Market: Regional Estimates & Trend Analysis
Chapter 10. Competitive Landscape
Chapter 11. Company ProfilesA.O. Smith Rheem Manufacturing Viessmann Manufacturing Wagner Solar UK Bradford White Corporation Linuo Ritter Bosch Honeywell Corporation Racold SunTank
For more information about this report visit https://www.researchandmarkets.com/research/6k6jtn/global_solar?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180831005186/en/
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:HVAC (Heating, Ventilation, and Air Conditioning)
INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 08/31/2018 08:28 AM/DISC: 08/31/2018 08:28 AM