Solar Water Heater Market
PUBLISHED: 2022 ID: SMRC21353
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Solar Water Heater Market

Solar Water Heater Market Forecasts to 2028 – Global Analysis By Type (Integral Collector Storage, Thermosyphon), Product (Active Solar Water Heaters, Passive Solar Water Heaters), System Pumped, Thermosiphon) and By Geography

4.7 (35 reviews)
4.7 (35 reviews)
Published: 2022 ID: SMRC21353

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2021)

US $3.13 BN

Projected Year Value (2028)

US $6.15 BN

CAGR (2021 - 2028)

10.1%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Europe


According to Stratistics MRC, the Global Solar Water Heater Market is accounted for $3.13 billion in 2021 and is expected to reach $6.15 billion by 2028 growing at a CAGR of 10.1% during the forecast period. A solar water heater is a device that can be used to capture sunlight to heat the water. It primarily consists of a thermal panel, tank, circulating pump, and thermal regulator. Solar water heater, also known as solar domestic hot water systems, is majorly used as a cost-effective way to generate hot water for residential, commercial, and industrial end-users.



Market Dynamics:

Driver:

Increasing Demand for Cost-Effective Energy Solutions


The surging equipment for energy-efficient and cost-efficient technologies constantly boosts the demand for the market. Also, the solar water heaters work with zero power and zero harmful emissions. It is a technology that saves costs as well as the environment. These water heaters are suitable for roof places that have exceptional sunlight and heat. During the day, the insulator tank consumes high heat and keeps the water hot. These systems are reasonably priced so as to cater to a wider spectrum of consumers based on their economic condition. Increasing ecological awareness in developed as well as developing regions is also expected to result in industry growth.

Restraint:

Climate Condition 


During cloudy days or little or no sunshine days, solar water heaters are at a disadvantageous position. Such climatic conditions negatively impact the solar water heaters' efficiency and can provide an only a limited supply of hot water. The climatic changes may suit the operations of the solar water heater. It remains a serious restraint for the market. The solar water heaters are effective only if there is proper sunlight. The technology specifics the amount of sunlight required to heat the water. These technologies may not work effectively in cloudy or chilly regions. The operations of the solar water heater are not suitable for some regions. The market expansion rate is hindered due to these market restraints.

Opportunity:

Technological Innovations


Technological innovations in solar panels with respect to design specifications and other developments, such as solar tracking mounts and thin film technology, are anticipated to augment the adoption of solar water heaters. The advancements in back up energy systems maintaining performance on cloudy days are predictable to create lucrative opportunities in the market. It spends a lot less to install a solar panel in comparison to a PV panel. A good way to earn rewards is by transferring the unused unit back to the electricity grid. They are a one-time investment for long term benefits.

Threat:

Time-Consuming Process


The time-consuming process of solar water heaters acts as a major threat to the market. Also, the solar water heater is a unique technology. More awareness regarding the product is essential during the forecast period. The less product awareness and high power consumption to use the technology can be a threat to the market.

Thermosyphon segment is expected to be the largest during the forecast period

The thermosyphon system is the commonly known solar-heated hot water system. These commercially available solar hot water systems work by combining a storage tanker and roof-mounted flat plate collector. Growing demand for cost-effective, nature-friendly, energy-efficient, and capacity solar water heater solutions from commercial establishments will increase their deployment in the coming years.

The Commercial segment is expected to have the highest CAGR during the forecast period

Increasing spending from public and private financial institutions toward infrastructure development including government buildings, educational institutes, and the shopping center will stimulate product adoption. The introduction of green building codes and standards to limit carbon emissions, promoting the utilization of clean technologies will further complement the business landscape.

Region with highest share:

The Asia Pacific is projected to hold the highest market share, due to its high growth rate, coupled with positive economic performance, which is predicted to propel China over the next decade, as large investments in research and development are expected to augment growth. The country is introducing extensive changes to its energy policy and shifting its dependence on fossil fuels to renewable fuels in a bid to curb pollution and maintain ecological balance. The governmental policies to promote energy effect technology will drive more demand for the market. China, South Korea, and China are the key contributors to this market. Asia is known for its flourishing solar energy sector. These solar markets will promote the market. The adoption rate of the technology is exceptional in these provinces. Also, product awareness and innovation will increase during the forecast period. Asia pacific will market the highest demand rate in the forecast. There are plenty of market expansion opportunities in this province.

Region with highest CAGR:

Europe is projected to have the highest CAGR, owing to several government initiatives to increase the adoption of renewable sources of energy. Such initiatives include priorities set by the European Union in the energy field for the development of energy production from renewable resources. The renewable resources development targets reducing the dependence on scarce fossil fuels and minimizing CO2 emissions.



Key players in the market:

Some of the key players profiled in the Solar Water Heater Market include American Water Heaters, Apricus Solar Co., Ltd, Azuma Solar Corporation, GREENoneTEC Solarindustrie GmbH., Haining Onosi New Energy Co., Ltd, Havells India Limited, Jiaxing Passion New Energy Technology Co., Ltd, O. Smith Water Products Company B.V., Solar Hot USA, SolarPeak New Zealand Limited, Sole S.A., The Alternative Energy Company, Versol Ltd, V-Guard Industries Ltd., Your Home Tech Limited.

Key developments:

In January 2022: Sun Earth, Inc. of Fontana, Ca has partnered with Nyle Water Heating Systems of Brewer, Maine to bring a scalable solar water series heat pump water heater to the multi-family/commercial sector.

In September 2018: A. O. Smith launched Instant Water Heaters With Blue Diamond® Technology in Maharashtra and Gujarat Market. The cutting-edge technology provides two times corrosion resistance and extends the life of water Heater. It also comes with 8 bar pressure rating, making it suitable for even high-rise buildings.

Types Covered: 
• Integral Collector Storage
• Thermosyphon
• Pumped  

Products Covered:
• Active Solar Water Heaters
• Passive Solar Water Heaters 

Capacity’s Covered:
• 100L
• 150L
• 200L
 
Collector Types Covered:
• Solar Collectors
• Storage Tanks

Applications Covered:
• Residential
• Commercial
• Industrial

Distribution Channels Covered:
• Online Stores
• Offline Stores

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary     
      
2 Preface     

 2.1 Abstract    
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology    
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions   
      
3 Market Trend Analysis     
 3.1 Introduction    
 3.2 Drivers    
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats    
 3.6 Product Analysis    
 3.7 Application Analysis    
 3.8 Emerging Markets    
 3.9 Impact of Covid-19    
      
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry    
      
5 Global Solar Water Heater Market, By Type     
 5.1 Introduction    
 5.2 Integral Collector Storage    
 5.3 Thermosyphon    
 5.4 Pumped    
      
6 Global Solar Water Heater Market, By Product      
 6.1 Introduction    
 6.2 Active Solar Water Heaters    
 6.3 Passive Solar Water Heaters    
      
7 Global Solar Water Heater Market, By Capacity     
 7.1 Introduction    
 7.2 100L    
 7.3 150L    
 7.4 200L    
      
8 Global Solar Water Heater Market, By Collector Type     
 8.1 Introduction    
 8.2 Solar Collectors    
  8.2.1 Evacuated Tube Collector   
  8.2.2 Flat Plate Collector   
  8.2.3 Unglazed Water Collector   
 8.3 Storage Tanks    
      
9 Global Solar Water Heater Market, By Application     
 9.1 Introduction    
 9.2 Residential    
 9.3 Commercial    
  9.3.1 Educational Institutes   
  9.3.2 Government Buildings   
  9.3.3 Offices   
 9.4 Industrial    
      
10 Global Solar Water Heater Market, By Distribution Channel     
 10.1 Introduction    
 10.2 Online Stores    
 10.3 Offline Stores    
      
11 Global Solar Water Heater Market, By Geography     
 11.1 Introduction    
 11.2 North America    
  11.2.1 US   
  11.2.2 Canada   
  11.2.3 Mexico   
 11.3 Europe    
  11.3.1 Germany   
  11.3.2 UK   
  11.3.3 Italy   
  11.3.4 France   
  11.3.5 Spain   
  11.3.6 Rest of Europe   
 11.4 Asia Pacific    
  11.4.1 Japan   
  11.4.2 China   
  11.4.3 India   
  11.4.4 Australia   
  11.4.5 New Zealand   
  11.4.6 South Korea   
  11.4.7 Rest of Asia Pacific   
 11.5 South America    
  11.5.1 Argentina   
  11.5.2 Brazil   
  11.5.3 Chile   
  11.5.4 Rest of South America   
 11.6 Middle East & Africa    
  11.6.1 Saudi Arabia   
  11.6.2 UAE   
  11.6.3 Qatar   
  11.6.4 South Africa    
  11.6.5 Rest of Middle East & Africa   
      
12 Key Developments     
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 12.2 Acquisitions & Mergers    
 12.3 New Product Launch    
 12.4 Expansions    
 12.5 Other Key Strategies    
      
13 Company Profiling     
 13.1 American Water Heaters    
 13.2 Apricus Solar Co., Ltd    
 13.3 Azuma Solar Corporation    
 13.4 GREENoneTEC Solarindustrie GmbH.    
 13.5 Haining Onosi New Energy Co., Ltd    
 13.6 Havells India Limited    
 13.7 Jiaxing Passion New Energy Technology Co., Ltd    
 13.8 O. Smith Water Products Company B.V.    
 13.9 Solar Hot USA    
 13.10 SolarPeak New Zealand Limited    
 13.11 Sole S.A.    
 13.12 The Alternative Energy Company    
 13.13 Versol Ltd    
 13.14 V-Guard Industries Ltd.    
 13.15 Your Home Tech Limited    


List of Tables      
1 Global Solar Water Heater Market Outlook, By Region (2020-2028) (US $MN)      
2 Global Solar Water Heater Market Outlook, By Type (2020-2028) (US $MN)      
3 Global Solar Water Heater Market Outlook, By Integral Collector Storage (2020-2028) (US $MN)      
4 Global Solar Water Heater Market Outlook, By Thermosyphon (2020-2028) (US $MN)      
5 Global Solar Water Heater Market Outlook, By Pumped (2020-2028) (US $MN)      
6 Global Solar Water Heater Market Outlook, By Product  (2020-2028) (US $MN)      
7 Global Solar Water Heater Market Outlook, By Active Solar Water Heaters (2020-2028) (US $MN)      
8 Global Solar Water Heater Market Outlook, By Passive Solar Water Heaters (2020-2028) (US $MN)      
9 Global Solar Water Heater Market Outlook, By Capacity (2020-2028) (US $MN)      
10 Global Solar Water Heater Market Outlook, By 100L (2020-2028) (US $MN)      
11 Global Solar Water Heater Market Outlook, By 150L (2020-2028) (US $MN)      
12 Global Solar Water Heater Market Outlook, By 200L (2020-2028) (US $MN)      
13 Global Solar Water Heater Market Outlook, By Collector Type (2020-2028) (US $MN)      
14 Global Solar Water Heater Market Outlook, By Solar Collectors (2020-2028) (US $MN)      
15 Global Solar Water Heater Market Outlook, By Evacuated Tube Collector (2020-2028) (US $MN)      
16 Global Solar Water Heater Market Outlook, By Flat Plate Collector (2020-2028) (US $MN)      
17 Global Solar Water Heater Market Outlook, By Unglazed Water Collector (2020-2028) (US $MN)      
18 Global Solar Water Heater Market Outlook, By Storage Tanks (2020-2028) (US $MN)      
19 Global Solar Water Heater Market Outlook, By Application (2020-2028) (US $MN)      
20 Global Solar Water Heater Market Outlook, By Residential (2020-2028) (US $MN)      
21 Global Solar Water Heater Market Outlook, By Commercial (2020-2028) (US $MN)      
22 Global Solar Water Heater Market Outlook, By Educational Institutes (2020-2028) (US $MN)      
23 Global Solar Water Heater Market Outlook, By Government Buildings (2020-2028) (US $MN)      
24 Global Solar Water Heater Market Outlook, By Offices (2020-2028) (US $MN)      
25 Global Solar Water Heater Market Outlook, By Industrial (2020-2028) (US $MN)      
26 Global Solar Water Heater Market Outlook, By Distribution Channel (2020-2028) (US $MN)      
27 Global Solar Water Heater Market Outlook, By Online Stores (2020-2028) (US $MN)       
28 Global Solar Water Heater Market Outlook, By Offline Stores (2020-2028) (US $MN)      
29 North America Solar Water Heater Market Outlook, By Country (2020-2028) (US $MN)      
30 North America Solar Water Heater Market Outlook, By Type (2020-2028) (US $MN)      
31 North America Solar Water Heater Market Outlook, By Integral Collector Storage (2020-2028) (US $MN)      
32 North America Solar Water Heater Market Outlook, By Thermosyphon (2020-2028) (US $MN)      
33 North America Solar Water Heater Market Outlook, By Pumped (2020-2028) (US $MN)      
34 North America Solar Water Heater Market Outlook, By Product  (2020-2028) (US $MN)      
35 North America Solar Water Heater Market Outlook, By Active Solar Water Heaters (2020-2028) (US $MN)       
36 North America Solar Water Heater Market Outlook, By Passive Solar Water Heaters (2020-2028) (US $MN)      
37 North America Solar Water Heater Market Outlook, By Capacity (2020-2028) (US $MN)      
38 North America Solar Water Heater Market Outlook, By 100L (2020-2028) (US $MN)      
39 North America Solar Water Heater Market Outlook, By 150L (2020-2028) (US $MN)      
40 North America Solar Water Heater Market Outlook, By 200L (2020-2028) (US $MN)      
41 North America Solar Water Heater Market Outlook, By Collector Type (2020-2028) (US $MN)      
42 North America Solar Water Heater Market Outlook, By Solar Collectors (2020-2028) (US $MN)      
43 North America Solar Water Heater Market Outlook, By Evacuated Tube Collector (2020-2028) (US $MN)      
44 North America Solar Water Heater Market Outlook, By Flat Plate Collector (2020-2028) (US $MN)      
45 North America Solar Water Heater Market Outlook, By Unglazed Water Collector (2020-2028) (US $MN)      
46 North America Solar Water Heater Market Outlook, By Storage Tanks (2020-2028) (US $MN)      
47 North America Solar Water Heater Market Outlook, By Application (2020-2028) (US $MN)      
48 North America Solar Water Heater Market Outlook, By Residential (2020-2028) (US $MN)      
49 North America Solar Water Heater Market Outlook, By Commercial (2020-2028) (US $MN)      
50 North America Solar Water Heater Market Outlook, By Educational Institutes (2020-2028) (US $MN)      
51 North America Solar Water Heater Market Outlook, By Government Buildings (2020-2028) (US $MN)      
52 North America Solar Water Heater Market Outlook, By Offices (2020-2028) (US $MN)      
53 North America Solar Water Heater Market Outlook, By Industrial (2020-2028) (US $MN)      
54 North America Solar Water Heater Market Outlook, By Distribution Channel (2020-2028) (US $MN)      
55 North America Solar Water Heater Market Outlook, By Online Stores (2020-2028) (US $MN)      
56 North America Solar Water Heater Market Outlook, By Offline Stores (2020-2028) (US $MN)      
57 Europe Solar Water Heater Market Outlook, By Country (2020-2028) (US $MN)      
58 Europe Solar Water Heater Market Outlook, By Type (2020-2028) (US $MN)      
59 Europe Solar Water Heater Market Outlook, By Integral Collector Storage (2020-2028) (US $MN)      
60 Europe Solar Water Heater Market Outlook, By Thermosyphon (2020-2028) (US $MN)      
61 Europe Solar Water Heater Market Outlook, By Pumped (2020-2028) (US $MN)      
62 Europe Solar Water Heater Market Outlook, By Product  (2020-2028) (US $MN)      
63 Europe Solar Water Heater Market Outlook, By Active Solar Water Heaters (2020-2028) (US $MN)      
64 Europe Solar Water Heater Market Outlook, By Passive Solar Water Heaters (2020-2028) (US $MN)      
65 Europe Solar Water Heater Market Outlook, By Capacity (2020-2028) (US $MN)      
66 Europe Solar Water Heater Market Outlook, By 100L (2020-2028) (US $MN)      
67 Europe Solar Water Heater Market Outlook, By 150L (2020-2028) (US $MN)      
68 Europe Solar Water Heater Market Outlook, By 200L (2020-2028) (US $MN)      
69 Europe Solar Water Heater Market Outlook, By Collector Type (2020-2028) (US $MN)      
70 Europe Solar Water Heater Market Outlook, By Solar Collectors (2020-2028) (US $MN)      
71 Europe Solar Water Heater Market Outlook, By Evacuated Tube Collector (2020-2028) (US $MN)      
72 Europe Solar Water Heater Market Outlook, By Flat Plate Collector (2020-2028) (US $MN)      
73 Europe Solar Water Heater Market Outlook, By Unglazed Water Collector (2020-2028) (US $MN)      
74 Europe Solar Water Heater Market Outlook, By Storage Tanks (2020-2028) (US $MN)      
75 Europe Solar Water Heater Market Outlook, By Application (2020-2028) (US $MN)      
76 Europe Solar Water Heater Market Outlook, By Residential (2020-2028) (US $MN)      
77 Europe Solar Water Heater Market Outlook, By Commercial (2020-2028) (US $MN)      
78 Europe Solar Water Heater Market Outlook, By Educational Institutes (2020-2028) (US $MN)      
79 Europe Solar Water Heater Market Outlook, By Government Buildings (2020-2028) (US $MN)      
80 Europe Solar Water Heater Market Outlook, By Offices (2020-2028) (US $MN)      
81 Europe Solar Water Heater Market Outlook, By Industrial (2020-2028) (US $MN)      
82 Europe Solar Water Heater Market Outlook, By Distribution Channel (2020-2028) (US $MN)      
83 Europe Solar Water Heater Market Outlook, By Online Stores (2020-2028) (US $MN)      
84 Europe Solar Water Heater Market Outlook, By Offline Stores (2020-2028) (US $MN)      
85 Asia Pacific Solar Water Heater Market Outlook, By Country (2020-2028) (US $MN)      
86 Asia Pacific Solar Water Heater Market Outlook, By Type (2020-2028) (US $MN)      
87 Asia Pacific Solar Water Heater Market Outlook, By Integral Collector Storage (2020-2028) (US $MN)      
88 Asia Pacific Solar Water Heater Market Outlook, By Thermosyphon (2020-2028) (US $MN)      
89 Asia Pacific Solar Water Heater Market Outlook, By Pumped (2020-2028) (US $MN)      
90 Asia Pacific Solar Water Heater Market Outlook, By Product  (2020-2028) (US $MN)      
91 Asia Pacific Solar Water Heater Market Outlook, By Active Solar Water Heaters (2020-2028) (US $MN)      
92 Asia Pacific Solar Water Heater Market Outlook, By Passive Solar Water Heaters (2020-2028) (US $MN)      
93 Asia Pacific Solar Water Heater Market Outlook, By Capacity (2020-2028) (US $MN)      
94 Asia Pacific Solar Water Heater Market Outlook, By 100L (2020-2028) (US $MN)      
95 Asia Pacific Solar Water Heater Market Outlook, By 150L (2020-2028) (US $MN)      
96 Asia Pacific Solar Water Heater Market Outlook, By 200L (2020-2028) (US $MN)      
97 Asia Pacific Solar Water Heater Market Outlook, By Collector Type (2020-2028) (US $MN)      
98 Asia Pacific Solar Water Heater Market Outlook, By Solar Collectors (2020-2028) (US $MN)      
99 Asia Pacific Solar Water Heater Market Outlook, By Evacuated Tube Collector (2020-2028) (US $MN)      
100 Asia Pacific Solar Water Heater Market Outlook, By Flat Plate Collector (2020-2028) (US $MN)      
101 Asia Pacific Solar Water Heater Market Outlook, By Unglazed Water Collector (2020-2028) (US $MN)      
102 Asia Pacific Solar Water Heater Market Outlook, By Storage Tanks (2020-2028) (US $MN)      
103 Asia Pacific Solar Water Heater Market Outlook, By Application (2020-2028) (US $MN)      
104 Asia Pacific Solar Water Heater Market Outlook, By Residential (2020-2028) (US $MN)      
105 Asia Pacific Solar Water Heater Market Outlook, By Commercial (2020-2028) (US $MN)      
106 Asia Pacific Solar Water Heater Market Outlook, By Educational Institutes (2020-2028) (US $MN)      
107 Asia Pacific Solar Water Heater Market Outlook, By Government Buildings (2020-2028) (US $MN)      
108 Asia Pacific Solar Water Heater Market Outlook, By Offices (2020-2028) (US $MN)      
109 Asia Pacific Solar Water Heater Market Outlook, By Industrial (2020-2028) (US $MN)      
110 Asia Pacific Solar Water Heater Market Outlook, By Distribution Channel (2020-2028) (US $MN)      
111 Asia Pacific Solar Water Heater Market Outlook, By Online Stores (2020-2028) (US $MN)      
112 Asia Pacific Solar Water Heater Market Outlook, By Offline Stores (2020-2028) (US $MN)      
113 South America Solar Water Heater Market Outlook, By Country (2020-2028) (US $MN)      
114 South America Solar Water Heater Market Outlook, By Type (2020-2028) (US $MN)      
115 South America Solar Water Heater Market Outlook, By Integral Collector Storage (2020-2028) (US $MN)      
116 South America Solar Water Heater Market Outlook, By Thermosyphon (2020-2028) (US $MN)      
117 South America Solar Water Heater Market Outlook, By Pumped (2020-2028) (US $MN)      
118 South America Solar Water Heater Market Outlook, By Product  (2020-2028) (US $MN)      
119 South America Solar Water Heater Market Outlook, By Active Solar Water Heaters (2020-2028) (US $MN)      
120 South America Solar Water Heater Market Outlook, By Passive Solar Water Heaters (2020-2028) (US $MN)      
121 South America Solar Water Heater Market Outlook, By Capacity (2020-2028) (US $MN)      
122 South America Solar Water Heater Market Outlook, By 100L (2020-2028) (US $MN)      
123 South America Solar Water Heater Market Outlook, By 150L (2020-2028) (US $MN)      
124 South America Solar Water Heater Market Outlook, By 200L (2020-2028) (US $MN)      
125 South America Solar Water Heater Market Outlook, By Collector Type (2020-2028) (US $MN)      
126 South America Solar Water Heater Market Outlook, By Solar Collectors (2020-2028) (US $MN)      
127 South America Solar Water Heater Market Outlook, By Evacuated Tube Collector (2020-2028) (US $MN)      
128 South America Solar Water Heater Market Outlook, By Flat Plate Collector (2020-2028) (US $MN)      
129 South America Solar Water Heater Market Outlook, By Unglazed Water Collector (2020-2028) (US $MN)      
130 South America Solar Water Heater Market Outlook, By Storage Tanks (2020-2028) (US $MN)      
131 South America Solar Water Heater Market Outlook, By Application (2020-2028) (US $MN)      
132 South America Solar Water Heater Market Outlook, By Residential (2020-2028) (US $MN)      
133 South America Solar Water Heater Market Outlook, By Commercial (2020-2028) (US $MN)      
134 South America Solar Water Heater Market Outlook, By Educational Institutes (2020-2028) (US $MN)      
135 South America Solar Water Heater Market Outlook, By Government Buildings (2020-2028) (US $MN)      
136 South America Solar Water Heater Market Outlook, By Offices (2020-2028) (US $MN)      
137 South America Solar Water Heater Market Outlook, By Industrial (2020-2028) (US $MN)      
138 South America Solar Water Heater Market Outlook, By Distribution Channel (2020-2028) (US $MN)      
139 South America Solar Water Heater Market Outlook, By Online Stores (2020-2028) (US $MN)      
140 South America Solar Water Heater Market Outlook, By Offline Stores (2020-2028) (US $MN)      
141 Middle East & Africa Solar Water Heater Market Outlook, By Country (2020-2028) (US $MN)      
142 Middle East & Africa Solar Water Heater Market Outlook, By Type (2020-2028) (US $MN)      
143 Middle East & Africa Solar Water Heater Market Outlook, By Integral Collector Storage (2020-2028) (US $MN)      
144 Middle East & Africa Solar Water Heater Market Outlook, By Thermosyphon (2020-2028) (US $MN)      
145 Middle East & Africa Solar Water Heater Market Outlook, By Pumped (2020-2028) (US $MN)      
146 Middle East & Africa Solar Water Heater Market Outlook, By Product  (2020-2028) (US $MN)      
147 Middle East & Africa Solar Water Heater Market Outlook, By Active Solar Water Heaters (2020-2028) (US $MN)      
148 Middle East & Africa Solar Water Heater Market Outlook, By Passive Solar Water Heaters (2020-2028) (US $MN)      
149 Middle East & Africa Solar Water Heater Market Outlook, By Capacity (2020-2028) (US $MN)      
150 Middle East & Africa Solar Water Heater Market Outlook, By 100L (2020-2028) (US $MN)      
151 Middle East & Africa Solar Water Heater Market Outlook, By 150L (2020-2028) (US $MN)      
152 Middle East & Africa Solar Water Heater Market Outlook, By 200L (2020-2028) (US $MN)      
153 Middle East & Africa Solar Water Heater Market Outlook, By Collector Type (2020-2028) (US $MN)      
154 Middle East & Africa Solar Water Heater Market Outlook, By Solar Collectors (2020-2028) (US $MN)      
155 Middle East & Africa Solar Water Heater Market Outlook, By Evacuated Tube Collector (2020-2028) (US $MN)      
156 Middle East & Africa Solar Water Heater Market Outlook, By Flat Plate Collector (2020-2028) (US $MN)      
157 Middle East & Africa Solar Water Heater Market Outlook, By Unglazed Water Collector (2020-2028) (US $MN)      
158 Middle East & Africa Solar Water Heater Market Outlook, By Storage Tanks (2020-2028) (US $MN)      
159 Middle East & Africa Solar Water Heater Market Outlook, By Application (2020-2028) (US $MN)      
160 Middle East & Africa Solar Water Heater Market Outlook, By Residential (2020-2028) (US $MN)      
161 Middle East & Africa Solar Water Heater Market Outlook, By Commercial (2020-2028) (US $MN)      
162 Middle East & Africa Solar Water Heater Market Outlook, By Educational Institutes (2020-2028) (US $MN)      
163 Middle East & Africa Solar Water Heater Market Outlook, By Government Buildings (2020-2028) (US $MN)      
164 Middle East & Africa Solar Water Heater Market Outlook, By Offices (2020-2028) (US $MN)      
165 Middle East & Africa Solar Water Heater Market Outlook, By Industrial (2020-2028) (US $MN)      
166 Middle East & Africa Solar Water Heater Market Outlook, By Distribution Channel (2020-2028) (US $MN)      
167 Middle East & Africa Solar Water Heater Market Outlook, By Online Stores (2020-2028) (US $MN)      
168 Middle East & Africa Solar Water Heater Market Outlook, By Offline Stores (2020-2028) (US $MN)      

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

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Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

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