A solar water heater is an appliance that converts sunlight into renewable energy using a solar thermal collector. Solar water heating systems are of two types: active and passive.The market encompasses solar water heaters for three categories of end-users:residential, commercial, and industrial.The global solar water heater market is expected to grow steadily during the forecast period. The growth rate of the market can be attributed to the increase in the demand for solar water heaters worldwide. China, the US, and Germany are the key leading

countries in this space. Factors such as the growing population base and a decrease in solar panel prices have a positive impact on the growth of the market. In 2016, the price of solar panels in the US reduced by about 60% compared to the previous year.

PART 01: Executive summary 5

PART 02: Scope of the report 16

PART 03: Research Methodology 21

PART 04: Introduction 24

Key market highlights 24

PART 05: Market landscape 25

Market overview 25

Global solar water heater market by technology 27

Value chain analysis of the global solar water heater

market 28

Market size and forecast 30

Five forces analysis 32

PART 06: Market segmentation by end-user 33

Global solar water heater market by end-user 33

Global solar water heater market in residential

segment 35

Global solar water heater market in commercial

segment 36

Global solar water heater market in industrial segment 37

PART 07: Market segmentation by retail distribution

channels 38

Global solar water heater market by retail distribution

channels 38

PART 08: Geographical segmentation 39

Global solar water heater market by geography 39

Solar water heater market in APAC 41

Solar water heater market in EMEA 42

Solar water heater market in the Americas 43

PART 09: Key leading countries 44

China 44

India 44

Japan 45

PART 10: Market drivers 46

Government support in developing economies 46

Increasing demand from APAC 47

Innovations and advancements in terms of technology

and durability 47

PART 11: Impact of drivers 49

PART 12: Market challenges 50

Low category penetration due to high initial installation

and maintenance costs 50

Seasonal variation and variable weather conditions, and

low consumer awareness 50

Low replacement and refurbishment market due to

longer product replacement cycles 51

PART 13: Impact of drivers and challenges 52

PART 14: Market trends 53

Emergence of hybrid water heaters 53

Growth of DIY solar water heating products 53

PART 15: Vendor landscape 55

Competitive scenario 55

Key players in global solar water heater market 57

Competitive assessment of top five vendors 57

PART 16: Key vendor analysis 58

Chromagen 58

EMMVEE Solar Systems 59

Genersys 60

Jinyi Solar 62

Rheem Manufacturing 63

PART 17: Appendix 67

List of abbreviations 67

PART 18: Explore Technavio 68