Solar Water Heaters Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026

1. Solar Water Heaters Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast,  2018 - 2026 ©2019 Transparency Market Research, All Rights Reserved

2. Global Solar Water Heaters Market: Overview A solar water heateris a device used to heat water with the help of energy received from the sun. Solar heaters consist of a thermal device that is responsible for capturing solar radiation from the sun, which is used to heat water. The device then transfers the energy to a storage tank where the water is stored. A solar water heater has three main components: solar collector, insulated hot water storage tank, and a cold water tank, with insulated hot water pipelines and accessories. The collectors are thermal devices responsible for absorbing solar radiation. This radiation is used to heat water. As hot water has a lower density, it moves upward in the tank, and the cold water with a higher density moves down due to gravity.  View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

3. Global Solar Water Heaters Market: Drivers & Restraints Solar water heaters prove to be advantageous as they heat water solely on the basis of solar radiations without the requirement of any other fuel. Use of solar energy saves a lot of non-renewable energy required for heating water. Governments in several countries and regional regulatory bodies have been emphasizing on substituting non-renewable energy sources with renewable ones. Nowadays, builders and construction giants provide solar water heater systems in residential complexes and commercial complexes such as hotels, hostels, lodges, etc. as a part of the extra amenities. The use of solar water heaters is anticipated to increase in the near future, owing to the scarcity and high price of other energy sources. This is one of the major driving forces for the solar water heaters market. H

4. Global Solar Water Heaters Market: Key Segments In terms of product, the solar water heaters market can be segmented into flat plate collectors-based and evacuated tube collectors-based. Flat plate collectors-based solar water heaters have a metallic construction and a longer life as compared to the evacuated tube collector-based heaters. Evacuated tube collectors are made up of glass and are fragile in nature. Therefore, utmost care needs to be taken while handling evacuated tube collectors. Evacuated tube collector-based heaters are cheaper than flat plate collector-based heaters and perform better in colder regions. Moreover, with evacuated tube collector-based heaters there are fewer chances of freezing at sub-zero temperatures.

5. Global Solar Water Heaters Market: Key Players Honeywell International Inc., MegaSun, SOLE S.A., HELIOAKMI S.A., SunEarthInc.

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