Solar Water Heaters Market By Product, Application, And Material –
Global Industry Analysis And Forecast To 2022
Rising demand in a wide range of domestic applications including
bathing, cleaning, and cooking, also from commercial sectors including
hospitals and hotels is expected to impel the solar water heaters
market growth. Developed infrastructure in rural areas is expected to
open new market opportunities players
Global solar water heater market is expected to witness a lucrative growth on account of rising
number of domestic housing projects across the world. Rising disposable income and shifting trend
for a tank less water heaters are expected to fuel the market. Factors including improved environment
sustainability, energy efficiency and temperature control for a longer period are projected to
stimulate the demand for these products over the forecast period. Growing requirements for a broad
range of domestic applications which include cleaning, cooking, bathing and space heating is expected
to escalate the product demand. Increasing implementation in the commercial and industrial sector
is expected to drive the industry growth.
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