Global Solar Water Heater Market Will Grow At A CAGR Of 6.78% During The Period 2017-2021

Researchmoz added Most up-to-date research on “Global Solar Water Heater Market 2017-2021” to its huge collection of research reports.

A solar water heater comprises solar collectors and storage tanks. It uses sunlight to heat water and is generally installed on the roof of a building. Two types of solar water heaters are available in the market: active and passive. While the active type uses pumps to circulate water, the passive type does not require any pumps or control units to circulate water. Unlike other conventional water heaters, solar water heaters are cost-effective and reduce the dependence on fossil fuels.

Technavios analysts forecast the global solar water heater market to grow at a CAGR of 6.78% during the period 2017-2021.

Covered :
The report covers the present scenario and the growth prospects of the global solar water heater market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of solar water heaters.

Segments based on geography:

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Technavio’s report, Global Solar Water Heater Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
EMMVEE Solar Systems
Jinyi Solar
Rheem Manufacturing

Other prominent vendors
A. O. Smith
Alternate Energy Technologies
Apricus Solar
Inter Solar Systems
Nuetech Solar Systems
Vaughn Thermal

Key driver
Innovations and advancements in terms of technology and durability
For a full, detailed list, view our report

Key challenge
Low category penetration due to high initial installation and maintenance costs
For a full, detailed list, view our report

Key trend
Growth of DIY solar water heating products
For a full, detailed list, view our report

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