Solar Water Heater Market Analysis

  • Report ID: 3765
  • Published Date: Dec 26, 2024
  • Report Format: PDF, PPT

Solar Water Heater Segmentation

The market is segmented by end user into residential, commercial, and industrial, out of which, the residential segment is anticipated to hold the largest share in the global solar water heater market. This can be accounted to the growing construction of green residential buildings, and rising investments towards refurbishment and re-establishment of existing residential establishments to incorporate sustainable techniques. Additionally, on the basis of type, the glazed segment is assessed to acquire the largest share during the forecast period owing to the increase in solar efficiency provided by these heaters. Apart from these, glazing reduces the amount of heat absorbed by water by decreasing water temperature difference between inlet and outlet of absorber, which is also predicted to boost the growth of the market segment in the future. 

Our in-depth analysis of the global market includes the following segments:

           By Type

  • Glazed
    • Evacuated Tube
    • Flat Plate
  • Unglazed

             By Capacity

  • 100L
  • 150L
  • 200L
  • Others

 

 

           By End User

  • Residential
  • Commercial
  • Industrial

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of solar water heater is estimated at USD 3.19 billion.

Solar Water Heater Market size was over USD 3.04 billion in 2024 and is anticipated to cross USD 6.33 billion by 2037, witnessing more than 5.8% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is set to account for largest revenue share by 2037, backed by technological innovations to achieve energy efficiency at limited costs, and transition towards the use of clean and renewable energy in the region.

The major players in the market are Ariston Thermo SpA, V-Guard Industries Ltd, KODSAN Company, Himin Solar Co., Ltd., and others.
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