Solar Water Heater Market Size to be USD 7.3 Billion by 2035; Growing Demand for Eco-Friendly Solutions to Augment Market Expansion

Download Sample

Published Date: January 2025

Solar water heater is a device designed to harness solar energy for heating water. It typically consists of a solar collector that captures sunlight and a storage tank where the heated water is stored for use. The system operates by circulating water through the collector where is absorbs heat from the sun before being transferred to the storage tanks.

Solar Water Heater Market Segmentation Analysis:

By Products	Thermosiphon Systems, Evacuated Tube Solar Water Heaters, Flat Plate Solar Water Heaters, and Other Products
By Material	Copper-Based Systems, Aluminium-Based Systems, and Others
By Capacity	100 Litre, 150 Litre, 200 Litre, and Others
By Application	Residential, Commercial, Industrial, and Other Applications

Solar Water Heater Market Report Highlights:

Forecasts suggest that the solar water heater market size will expand to USD 7.3 billion by 2035.
As of 2024, the solar water heater market was USD 4.2 billion in valuation.
The market demonstrates an annual growth rate of 6.3%.
Asia Pacific held the largest share of the market in 2024.
North America is expected to be the fastest-growing market during the projected period.
By product, the flat plate solar water heaters segment is expected to account for the largest share of the solar water heater market.
Based on material, the market is being dominated by the copper-based segment.

Solar Water Heater Market Dynamics:

Growth Factor	Challenge Factor	Market Trend
Growing Eco-Friendly Solutions Demand	High Installation Costs	Rising Energy Solutions Demand

Solar Water Heater Market Key Highlights:

In September 2024, Energy and Mineral Resources Minister launched a new phase of a programme to subsidise installing solar panel systems and water heaters for homes, covering 30 per cent of the cost. The phase includes the installation of 4,000 solar panel systems, with a total cost of some JD8 million, funded by a grant from the ministry. Also, 5,000 solar water heater systems will be installed, with a total cost of around JD3 million, to ease the burden of household electricity bills, according to a ministry statement.
In September 2024, Schneider Electric, announced its artificial intelligence-powered feature is now live on the Wiser Home app. Recently recognized as the world’s most sustainable company, Schneider Electric continues to lead in smart home energy management with cutting-edge solutions to support homeowners, homebuilders and electrical installers. Schneider’s new feature is a market first, providing AI-optimized energy management of two of the biggest power loads in the home water heaters and electric vehicle chargers via a single app, Wiser Home.

Solar Water Heater Market Report Analysis:

Solar Water Heating System Composition and Configuration:

For instance, in previous years, the research article published by IAEME Publication, in May 2020, the article highlights that the solar water heaters systems have a simple configuration and are the most widespread technology for domestic water heating in Morocco. The system relies principally on the natural circulation of water that occurs with the change of the water density.

The collector absorbs the solar radiations that lead to a raise in water temperature inside the collector. The increase in temperature results in a decrease in water density that helps the water to rise through the collector and to top of the storage tank. The water that was in the collector is then replaced by the cold water in the bottom of the storage tank that flows down the collector. As long as there are solar radiations, the water continuous to circulate through the system.

Browse ∼37 market data tables and ∼39 figures through ∼167 slides and in-depth TOC on “Solar Water Heater Market Size, Share, By Product, Material, Capacity, Application, and Region - Trends, Analysis, and Forecast till 2035”

For more insights into Solar Water Heater Market and its future trends, visit the link: https://www.prophecymarketinsights.com/market_insight/Global-Solar-Water-Heater-Market-939

Solar Water Heater Market Competitive Landscape:

The key players in the market are Bosch Thermotechnik GmbH, STIEBEL ELTRON GmbH & Co. KG, Ariston Thermo, Alfa Solar, Viessmann, Solarwatt, Honeywell, Rheem Manufacturing Company, A.O. Smith Corporation, Sunpro Solar Systems, V-Guard Industries, Nuetech Solar Systems Pvt. Ltd., Tata Power Solar Systems Ltd., Solahart Industries, and Soleos Solar.