Solar Water Heater Market Analysis and Forecast to 2027 by Recent Trends, Developments in Manufacturing Technology and Regional Growth Overview

A solar water heater consists of a solar panel, a water storage tank and an inverter system. The sunlight which falls on the solar panels is utilized for heating the water inside the insulated storage tank either by a pump or directly with the thermosiphon principle. According to the thermosyphon principle, the fluid circulation is on the basis of the natural convention, where warm water rises and is replaced by cold water. Some of the advantages of solar water heaters over other types of water heaters include cost-effectiveness and less dependence on the different kind of fossil fuels. These heaters are normally installed on the rooftop of building where the intensity of sunlight is maximum all over the day.

 Top Manufacturers in Solar Water Heater Market are: 

 A. O. Smith Corporation, Alternate Energy Technologies, LLC, Bosch Thermotechnik GmbH, Bradford White Corporation, Chromagen Ltd., Rheem Manufacturing Company, SunTank, V-Guard Industries Ltd., Viessmann Manufacturing Company Inc., Wagner Renewables Ltd.

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The major factors driving the growth of the solar water heater market are stringent government regulations against GHG emissions, high demand for hot water from hospitals and hotels and replacement of existing water heaters. Further, the emerging demand for HWHs is likely to offer significant growth opportunities for the solar water heater market in the near future. However, the lack of consumer awareness is one of the restraints of the market.

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