#Solar based Water Heater Market Growth

[digitrenndsamr]

Solar Water Heater Market: Transitioning to Sustainable Heating Solutions (2020-2027)

The global solar water heater market is heading toward an expansion phase. This is attributed to a significant surge in demand from residential and commercial end users. In addition, a rise in concern from governments across emerging nations, such as China, India, and South Korea, regarding zero-emission norms is expected to drive market growth. The global solar water heater market was valued at $4.7 billion in 2019 and is projected to reach $6.7 billion by 2027, growing at a CAGR of 6.1% from 2020 to 2027.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://www.alliedmarketresearch.com/request-sample/8322

The solar water heater is a device, which captures sunlight to heat water. It collects heat with the help of a solar collector, and the heat is passed to the water tank with the help of a circulating pump. It helps in energy consumption as solar power is free in contrast to natural resources such as natural gas or fossil fuels.

The surge in demand for water heating systems in isolated and rural areas is anticipated to propel the market growth. Small-scale solar water heaters are predominately used in rural areas due to their low cost and high efficiency in various climate conditions. For instance, China has around 5,000 small & medium-scale solar water heater manufacturers and most of them serve in rural areas. In addition, substantial government support in terms of rebates and energy schemes is expected to further attract new customers, thereby enhancing the market growth.

Based on type, the glazed segment emerged as the market leader, owing to the high absorption efficiency of glazed collectors compared to unglazed collectors. However, the high price of glazed collectors may restrict their usage for small-scale applications.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/8322

Based on capacity, the 100-liter capacity segment accounted for a significant market share. This is attributed to the rise in demand in the residential sector. A low-cost solar water heater with a 100-liter capacity is sufficient for a family of 2-3 members in residential buildings.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The Solar Water Heater industry's key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐒𝐨𝐥𝐚𝐫 𝐖𝐚𝐭𝐞𝐫 𝐇𝐞𝐚𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞,

Jiangsu Sunpower Solar Technology Co.,ltd Zhejiang JiaDeLe Solar Energy Co., Ltd. Solahart, Solav Energy A. O. Smith India Water Products Pvt. Ltd. Alternate Energy Technologies, KODSAN Himin Solar Energy Group Ariston Thermo SpA V-Guard Industries Ltd

The residential solar water heater segment accounted for a significant market share, owing to robust investment in the construction sector for the re-establishment and refurbishment of buildings. Most of these new buildings have solar collectors installed on the roof, which are connected to the water tank by means of a circulating pump.

North America accounted for a significant market share, owing to favorable government measures to promote solar power technologies for residential and commercial places.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/8322

𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲:

- Glazed sola water heater is projected to grow at the highest CAGR of approximately 6.2%, in terms of revenue, during the forecast period. - By capacity, the others segment is anticipated to grow with a CAGR of 8.2%, in terms of revenue, during the forecast period. - The Asia-pacific dominated the market with around 55% revenue shares in 2019.

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐚𝐧𝐝 𝐏𝐨𝐰𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

𝟏. 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐖𝐚𝐭𝐞𝐫 𝐇𝐞𝐚𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2021/10/18/2315804/0/en/Global-Electric-Water-Heater-Market-to-Reach-40-1-Billion-by-2030-Allied-Market-Research.html

𝟐. 𝐒𝐩𝐚𝐜𝐞-𝐁𝐚𝐬𝐞𝐝 𝐒𝐨𝐥𝐚𝐫 𝐏𝐨𝐰𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2021/10/12/2312246/0/en/Global-Space-Based-Solar-Power-Market-To-Reach-902-2-Million-by-2030-Allied-Market-Research.html

𝟑. 𝐏𝐞𝐫𝐨𝐯𝐬𝐤𝐢𝐭𝐞 𝐒𝐨𝐥𝐚𝐫 𝐂𝐞𝐥𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/perovskite-solar-cell-market-to-reach-6-6-bn-globally-by-2030-at-32-4-cagr-amr-301407400.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

[renewableenergyindia]

India-based Solar Energy Companies: A Complete Guide

In the quest for sustainable and eco-friendly energy solutions, solar power has emerged as a frontrunner. India, with its abundant sunlight, has witnessed a surge in the adoption of solar energy. 

This article serves as a comprehensive guide to India-based solar energy companies, shedding light on their role in the renewable energy landscape.

The Rise of Solar Energy in India

India's Solar Potential

India, blessed with ample sunlight throughout the year, has become a key player in the global solar energy market. The government's initiatives and incentives have fueled the growth of solar power projects across the country.

The Shift towards Sustainable Energy

As the world embraces sustainability, more businesses and households in India are turning to solar energy to reduce their carbon footprint. Solar power not only helps in curbing environmental impact but also offers long-term cost savings.

India-based Solar Energy Companies Overview

Diverse Players in the Market

India boasts a vibrant solar energy sector with numerous companies contributing to its growth. These companies vary in size, expertise, and the services they offer, providing consumers with a range of options to choose from.

Aditya Solar: A Spotlight

Introduction to Aditya Solar

As the sun rises on India's renewable energy frontier, Aditya Solar emerges as a key player in the solar energy sector. Established with a vision to revolutionize India's energy landscape, Aditya Solar has been at the forefront of harnessing solar power since its inception.

Core Offerings

Aditya Solar prides itself on a diverse portfolio of solar solutions catering to various sectors. From residential to commercial applications, the company offers solar panels, solar water heaters, solar street lights, and customized solar power plants. Their commitment extends beyond product sales, providing end-to-end solar solutions tailored to the unique needs of each client.

Active Engagement

Aditya Solar actively engages with local communities, spreading awareness about the benefits of solar energy. Through educational initiatives, workshops, and community projects, the company strives to create a solar-aware society.

Source: YouTube: (Agni Solar)

Agni Solar: A Spotlight

Introduction to Agni Solar

Another prominent player in the Indian solar energy landscape is Agni Solar. Established in 1993, this India-based solar energy company has been a pioneer in harnessing solar energy for diverse applications. The company is renowned for its commitment to quality, innovation, and sustainability.

Core Offerings

Agni Solar provides a comprehensive range of solar solutions, catering to both residential and commercial needs. Their offerings include solar water heaters, rooftop solar panels, solar street lights, and solar power plants.

Commitment to Quality

Agni Solar places a strong emphasis on the quality of its products. The company follows stringent quality control measures to ensure that each solar solution meets international standards. This commitment has earned them trust and recognition in the industry.

Conclusion

As India accelerates its transition towards clean and sustainable energy, the role of solar energy companies becomes increasingly pivotal. Agni Solar, with its rich history, commitment to quality, and customer-focused approach, exemplifies the values that drive the success of India-based solar energy companies. 

For those considering a shift to solar power, exploring reputable companies like Agni Solar can be a significant step towards a greener and more sustainable future.

#solar energy #solar companies #Solar Companies In India #Agni Solar #Solar Company In Pune #Youtube

[chemicalresearchupdates]

District Heating Market Trends: Unraveling the Forces Driving Market Expansion

District heating is a system for distributing heat generated in a centralized location through a system of insulated pipes for residential and commercial heating requirements such as space heating and water heating. It is effectively used for community heating, district heating systems allow the use of a wider variety of energy sources including waste incineration, biomass, geothermal heating, solar thermal energy, and cogeneration. With stringent regulations on carbon emissions, there is a growing demand for cleaner sources of heating such as renewable energy.

The global district heating Market is estimated to be valued at US$ 50.8 billion in 2023 and is expected to exhibit a CAGR of 1.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity:

The opportunity to reduce carbon emissions through the use of renewable energy in district heating systems is driving market growth. Renewable sources of energy such as biomass, geothermal and solar thermal can provide clean sources of heating with little to no greenhouse gas emissions. As countries aim to meet climate targets and transition to net-zero economies, there is a growing focus on decarbonizing heating systems. District heating provides an efficient way to integrate renewable energy at scale to replace fossil fuels for residential and commercial heating. The high upfront investment required is being supported through government incentives and policies to encourage the development of renewable energy-based district heating infrastructure. This is expected to provide lucrative opportunities for market players over the forecast period. Porter's Analysis

Threat of new entrants: The district heating market requires high capital investments for infrastructure development lowering the threat of new entrants. Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of alternative heating sources including natural gas, electricity and renewable energy based systems. Bargaining power of suppliers: Suppliers have moderate bargaining power due to the presence of multiple fuel and component suppliers. Threat of new substitutes: Alternatives like individual electric heaters, gas heaters pose low threat due to the economic and environmental benefits of district heating systems. Competitive rivalry: Intense due to the large presence of global players focusing on innovations and expanded operations. SWOT Analysis

Strength: District heating offers lower carbon emissions and energy costs compared to individual options. Renewable energy integration has increased efficiency. Weakness: High initial investments and slow returns hamper small projects. Reliance on limited fuel sources is a risk. Opportunity: Rapid urbanization in developing nations raises demand. Growing focus on reducing carbon footprint favors expansion. Threats: Fluctuating fuel prices increase operating costs. Changing climate policies could impact investments. Key Takeaways

The global District Heating Market is expected to witness high growth. The global District Heating Market is estimated to be valued at US$ 50.8 billion in 2024 and is expected to exhibit a CAGR of 1.5% over the forecast period 2023 to 2030.

Regional analysis related content comprises Regional analysis related content The Asia Pacific region is projected to grow at the fastest pace during the forecast period attributed to rapid infrastructural development and urbanization. China, India and Indonesia dominate the regional industry. Key players related content comprises Key players related content Key players operating in the District Heating Market are Vattenfall AB, SP Group, Danfoss Group, Engie, NRG Energy Inc., Statkraft AS, Logstor AS, Shinryo Corporation, Vital Energi Ltd, Göteborg Energi, Alfa Laval AB, Ramboll Group AS, Keppel Corporation Limited, FVB Energy. Vattenfall AB and SP Group captured over 15% of the global revenue share in 2023.

#District Heating Market #District Heating Market Trends #District Heating Market Growth

[tritonmarketresearch]

BIPV Market: Trends Supplement Large-Scale Solar Systems Adoption

As per the International Energy Outlook, the global power demand is expected to rise by 80%, requiring an investment of around $19.7 trillion by 2040. Also, the Paris Agreement set a target of limiting global warming temperature below 2° Celsius, preferably 1.5° Celsius. This has influenced governments to seek innovative ways to reduce emissions while meeting energy demand, which has paved the way for photovoltaic materials in buildings. Triton’s analysis estimates that the global building integrated photovoltaics market will propel at a CAGR of 17.31% during the forecast period 2023-2030.

Building integrated photovoltaics serves the dual purpose of being the outer layer of a building and a power generator. This, in turn, has opened a new frontier in green infrastructure, influencing architects to develop energy-efficient and aesthetically appealing buildings. For instance, Ubiquitous Energy’s transparent solar window panels, UE Power, have emerged as an aesthetically appealing power-generating alternative to conventional windows.

BIPV Revolution: Trends Reshape Energy Landscape

According to the International Renewable Energy Agency (IRENA) , around 90% of the world’s power can be generated with renewable energy by 2050. Since buildings consume high amounts of energy, BIPV integration will facilitate their transition from energy users to producers. On that note, the notable trends reshaping the market are:

Governments perceive investing in green energy solutions as an opportunity to attain GHG reduction targets. Hence, over the past few years, authorities worldwide have employed various measures to stimulate the adoption of sustainable technologies, including BIPV modules, across residential, commercial, and industrial sectors. For example:

As per the Indian Ministry of New & Renewable Energy (MNRE) , the government has implemented the production-linked incentive (PLI) scheme for high-efficiency solar PV modules with an outlay of INR 24,000 crore, to achieve domestic manufacturing capacity of solar PV cells and modules.

In 2021, the German government amended the Renewable Energy Act by establishing grid priority to drive the onshore wind, solar PV, and biogas growth. The government proposed to increase its solar capacity installations to 100 GW by 2030.

The Chinese government also formulated a policy that requires all new buildings to conform to energy guidelines modeled after LEED specifications. This policy combines a recent initiative to reconstruct 50% of residential high-rise buildings. The country is anticipated to add more than 600 GW of solar power by 2030.

Reaping the benefits from such incentives, the industrial sector leads the BIPV market at 39.54%. However, over the forecast period 2023-2030, the commercial sector is expected to witness the fastest growth at 17.38%.

As per IEA, the global solar PV generation reached around 821 TWh in 2020, a whopping 23% increase from 2019. The energy association also stated that next to utility-scale deployment, distributed applications on buildings contribute to around 40% of PV use globally. In this regard, rooftop-based applications are alleviating the burden on the distribution grids, enabling companies and households to pay lesser energy bills while reducing emissions. Moreover, the cost of installing rooftop PV systems reached around $1 per watt. Hence, roofing captures the majority of the market share at 55.69% in terms of application.

China drives the global market, followed by the US, European nations, and Japan playing a major role. The rise in installations from around 19.4 GW in 2017 to 27.3 GW in 2021 was the key aspect that made China a leader in rooftop installations. For instance, Shanghai and Dezhou have acquired the title of ‘Solar City’, which features a large fleet of rooftop solar water heaters. Besides, the Net Zero Energy Building mandate across China is expected to accelerate the PV roofing segment, with solar tiles gaining major traction. Hence, these developments are expected to widen the scope of the Asia-Pacific BIPV market over the forecast period 2023-2030.

IEA projects that photovoltaic systems are estimated to account for approximately 14% of the total power generation by 2050, owing to the rising detrimental impact of fossil fuels. In fact, the organization stated that PV systems saved more than 860 million tons of C02 in 2020. The construction industry is highly innovative in the commercial sector owing to the development of cost-effective zero-emission green facilities.

As per IRENA, Germany ranks fourth in solar energy production globally. In 2021, the nation installed solar capacities of almost 60 GW, an increase of 5.3 GW from 2020. These actions are based on the country’s aim to obtain a 65% share of the renewable energy sector by 2030. Moreover, the Energy Efficiency Strategy for Building suggested advanced technology development to achieve the goal of a virtually climate-neutral building stock by 2050. Hence, the growing focus on sustainable energy sources fuels the overall Europe BIPV market, spearheaded mainly by Germany.

PV Cost Reduction: A Driving Force for Market Players

Since photovoltaic systems generate energy with around 42% efficiency using multi-junction cells, they have emerged as an ideal alternative over complex installations, such as wind turbines. As per the UN, between 2010 to 2020, the cost of power from solar systems plummeted by around 85%. This highlights the question:

What induced PV cost reduction?

The significant cost decline is mainly because of overproduction and higher investment in PV modules. Another factor is the efforts by Chinese suppliers and wholesalers to reduce the stock held in European warehouses to prevent anti-dumping and anti-subsidy tariffs. This oversupply, from China to Europe thus shrunk the cost of silicon. Such developments led energy solutions supplier Sungrow to supply products to the world’s largest BIPV plant (120 MW) in Central China’s Jiangxi Province. Therefore, the increasing efficiency, ease of installation, and decreasing cost of PV modules over conventional sources like coal and natural gas are expected to open new avenues for players in the building integrated photovoltaics market.

#building integrated photovoltaics market #bipv market #bipv #energy industry #power industry #market research report #market research reports #triton market research

[databridgemarket456]

Solar Thermal Collector Market – Industry Trends and Forecast to 2028

Solar thermal collector market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the solar thermal collector market to account to USD 81.76 billion growing at a CAGR of 13.38% in the above-mentioned forecast period. 

A truthful SOLAR THERMAL COLLECTOR MARKET business report contains a chapter on the universal SOLAR THERMAL COLLECTOR market and all its linked companies with their profiles, which presents valuable data pertaining to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies. This market research report not only saves precious time but also add credibility to the work. By keeping end users at the centre point, a team of researchers, forecasters, analysts and industry experts work exhaustively to formulate this market report. SOLAR THERMAL COLLECTOR market analysis document offers the professional and in-depth study on the current state for the ABC industry. Global SOLAR THERMAL COLLECTOR market report contains numerous aspects of the market analysis which many businesses call for. This market research report comprises of a chapter on the global market and all of its associated companies with their profiles, which gives important information and data pertaining to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies. The large scale SOLAR THERMAL COLLECTOR report also presents a profound overview of product specification, technology, applications, product type and production analysis considering major factors such as revenue, cost, and gross margin about ABC industry.

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Market Analysis and Insights of Global Solar Thermal Collector Market

Solar thermal collector is used to heat water and air. Active solar systems have thermal collectors used to absorb heat energy, supplied by the sun, water heaters and space temperatures. Roof solar panels (collectors) are the main source of heat generation, used in conjunction with a boiler, collector or immersion heater. The solar collector uses the sun's rays to heat the transfer fluid, which is usually a mixture of water and glycol. Glycol acts as an anti-freeze and prevents water from freezing. In concentrated solar power plants, other complex types of solar thermal collectors are used to generate electricity.

Lack of sunlight in adequate quantity in several nations and high installation cost is a challenge for solar thermal collector market. However, less awareness among consumers regarding the benefits of making use of solar energy in underdeveloped and developing economies is a restraint in growth of solar thermal collector market during the forecast period of 2021-2028.

Solar Thermal Collector Market Scope and Market Size

Based on product outlook, the solar thermal collector market is segmented into concentrating and non-concentrating. Non-concentrating is further segmented into flat plate, evacuated tube, unglazed water collectors and air collectors.

Based on application outlook, the solar thermal collector market is segmented into commercial, residential and industrial.

Based on collector type, the solar thermal collector market is segmented into evacuated tube collector, flat plate collector, unglazed water collector and air collector.

Solar thermal collector market has also been segmented based on types of system, into thermosiphon solar heating system and pumped solar heating system.

Solar Thermal Collector Market Country Level Analysis

The countries covered in the solar thermal collector market report are U.S.

Canada and Mexico in North America

Germany

France

K.

Netherlands

Switzerland

Belgium

Russia

Italy

Spain

Turkey

Rest of Europe in Europe

China

Japan

India

South Korea

Singapore

Malaysia

Australia

Thailand

Indonesia

Philippines

Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)

Saudi Arabia

A.E

Israel

Egypt

South Africa

Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Brazil

Argentina and Rest of South America as part of South America.

Solar Thermal Collector Market Share Analysis

Solar thermal collector market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to solar thermal collector market.

Leading Players

The major players covered in the solar thermal collector market report are TVP Solar

Alternate Energy Technologies

LLC

Sunmaster Ltd.

Solar Millennium AG

SunMaxx Solar

Solar Skies Mfg.LLC

Airlight Energy

Thermomax

Cogen Microsystems

Suncor Energy Inc.

AES

Solarus

Absolicon Solar Collector AB

Solarkilns Pty Ltd

Sunplate Corporation

Artic Solar

Boen Solar Energy

Trevi Systems

SUNRAIN

Greenonetec Solarindustrie GmbH.

LINUO RITTER INTERNATIONAL CO. LTD

Photon Energy Systems Limited among other domestic and global players. Market share data is available for Global

North America

Europe

Asia-Pacific (APAC)

Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Get Full access of Report

MAJOR TOC OF THE REPORT

Chapter One: Introduction

Chapter Two: Market Segmentation

Chapter Three: Market Overview

Chapter Four: Executive Summary

Chapter Five: Premium Insights

Chapter Six: solar thermal collector market

Get TOC Details

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#Solar Thermal Collector Market #Solar Thermal Collector Market scope #solar collector #energy and power market #solar collector price in india #solar thermal power plant #short note on solar energy #types of solar energy

[blog2k01]

Luxury Hotel Market Size, Future Trends, Growth Key Factors, Demand, Share, Application, Scope, and Opportunities Analysis by Outlook 2028

The global luxury hotel market size is projected to reach USD 238.49 billion by 2028, exhibiting a CAGR of 10.4% during the forecast period. Fortune Business Insights™ diagnoses this market in its report, titled “Luxury Hotel Market, 2021-2028”, which also states that the market value stood at USD 93.43 billion in 2020.

COVID-19 to Create Widespread Instability in the Hospitality Industry

The luxury hotel market growth is expected to shrink due to the COVID-19 pandemic, with a market registering an astonishing decline of 60.82% in 2020 and reaching a value of USD 119.55 billion in 2021. One main reason for this unprecedented downturn in the hospitality industry is the steep drop in tourist activities worldwide. As per the estimations released by the UN World Tourism Organization (UNWTO), export revenues from tourist arrivals fell by approximately USD 910 billion to 1.2 trillion in 2020, potentially shrinking the global GDP by 1.5% to 2.8%. Hotels, in particular, have been the hardest hit. For example, according to the American Hotel & Lodging Association (AHLA), 71% of hotels will not survive the next six months without federal assistance and 77% will have to lay-off workers. Luxury hotel chains, such as Le Meridien, have also resorted to cost-cutting, given the new travel bans and the possibility of movement restrictions. In sum, markets associated with the travel, tourism, and hospitality industry are set to enter a period of deep financial stress on account of the coronavirus.

Fortune Business Insights™ lists out all the luxury hotel market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

Mandarin Oriental Hotel Group (Quarry Bay, Hong Kong)

Accor SA (Issy-les-Moulineaux, France)

Shangri-La Asia Limited (Quarry Bay, Hong Kong)

Four Seasons Hotel Limited (Toronto, Canada)

Hyatt Hotels Corporation (Chicago, U.S.)

The Indian Hotels Company Limited (Mumbai, India)

Kempinski Hotels S.A. (Geneva, Switzerland)

Hilton Hotels & Resorts (McLean, U.S.)

InterContinental Hotels Group plc (Denham, U.K.)

Marriott International, Inc. (Maryland, U.S.)

Emergence of Eco-friendly Luxury Hotels to Accelerate the Market

The development of hotels guided by the principles of environmental sustainability has altered perceptions surrounding luxury accommodations. The increasing environmental consciousness among new-age travelers has redefined the dynamics hitherto governing the hospitality industry, leading to the construction of eco-friendly luxury hotel brands. For example, the Andaz Maui at Wailea Resort in Hawaii has been conceived to minimize waste and emissions. The resort features a solar water heater system and variable speed chillers, while in the in-room settings, the glassware is made from recycled materials along with automated temperature controls. Similarly, at the Saffire Freycinet in Tasmania, Australia, Modwood is used as a wood substitute, LED technology is extensively utilized to make the entire facility energy-efficient, and natural cycle airflow systems have also been installed. The growing popularity of such premium properties in exotic locations is set to accelerate the expansion of this market.

Highlights of the Report

This report offers a detailed analysis of the various market drivers and trends, along with a careful study of the various market restraints. Moreover, the report contains a comprehensive examination of the regional dynamics of the market, as well as an in-depth evaluation of the competitive landscape of the market. In addition to these factors, the report supplies an exhaustive assessment of all market segments.

Market Segments

Based on room type, the market has been divided into luxury, upper-upscale, and upscale. By category, the market has been segmented into chain and independent. On the basis of geography, this market has been segregated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Regional Insights

High Spending Capacity of Travelers to Fuel the Market in North America

Backed by a high spending potential of consumers, North America is anticipated to dominate the luxury hotel market share during the forecast period. A report by the US Travel Association showed that in 2019, domestic travelers spent USD 972 billion, of which roughly 25% was spent on lodging facilities. Furthermore, expenditures on hotels and resorts of both domestic and international travelers rose by 4.1% in 2019 from 2018 levels, as per the report, indicating a strong willingness to spend on vacations by consumers. The North America market size stood at USD 30.66 billion in 2020.

In Europe, the market will enjoy a period of sustained growth as the continent is home to some most attractive tourist places on the planet. The UNWTO, for instance, observed that Europe accounted for nearly half of all tourist arrivals globally in 2018. In Asia Pacific, on the other hand, the expanding upper-middle-class and middle-class populations are pulling international luxury hotel chains to establish their presence in countries such as India, China, and Indonesia.

Competitive Landscape

Key Players to Tap Opportunities in Developing Markets

With the standard of living transforming in the emerging markets of Asia and Africa, luxury hotel brands are actively amplifying their presence and operations in these countries. Several hotel chains are coming up with new offers and creating unique economy segments and services to attract travelers and entrench their regional position.

Industry Developments:

January 2021: Marriott International announced its plans of opening 100 new properties across Asia Pacific in 2021. The aim is to bring brands and exquisite experiences to travelers and guests in unexplored destinations in the region.

March 2020: Luxe Collection opened its first branded property in New York City, the Luxe Life Hotel New York. To this will be added new 4- and 5-star hotels – Zeavola Resort (Thailand), Il Tornabuoni (Florence), Eurostars Magnificent Mile (Chicago), CoolRooms Atocha (Spain), and The Belmont (Dallas).

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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Water Heater Market - Forecast (2022 - 2027)

Water Heater Market size is estimated at $28.5 billion in 2020, projected to grow at a CAGR of 4.8% during the forecast period 2021-2026. Water Heater is an Electric Heater appliance that heats water for a variety of uses. Water heaters are available because of their energy efficiency and small scale. Electric Heater geysers have become very common for home use. Moreover, the Water Heater industry is growing, owing to the rising demand and widespread domestic applications such as hot water for cooking, bathing and cleaning. The water heater market would benefit from rising demand for energy efficient systems and geysers, as well as favorable regulatory policies on carbon emissions. For instance, in 2016, the United Arab Emirates invested $3Million in the area to introduce green strategies. Besides this, the growing number of strategies adopted by key players such as partnership, acquisition and collaboration to expand their presence and innovation in water heating technology to gain the market traction is set to drive its water heater industry.

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Water Heater Market Report Coverage

The report: “Water Heater Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Water Heater Market.

By Product Type: Solar Heater, Electric Heater and Solar Heater.

By Technology: Tankless, Hybrid and Storage Heater.

By Application: Residential, Industrial and Commercial.

By Geography: North America (U.S, Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia & New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina and Rest of South America) and RoW (Middle East and Africa).

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Key Takeaways

Water Heater market growth is being driven by technological advances, adoption of new techniques, and the innovation are resulting in the production of low-cost heaters and energy-efficient.

Geographically, North America Water Heater Market held the largest revenue share of 38% in 2020 owing to the presence of potential players who are creating new products, high investments in R&D, and government funding. The scope of the Water Heater Market for various regions will be provided in the final report.

The Water Heater Industry is expanding owing to rising perception of the product’s benefits in various applications and consumer preferences are expected to shift as quality levels increase.

The growing demand for Storage Heater owing to easy installation and maintenance is a significant factor that is expected to push the Water Heater industry during the forecast period 2021-2026.

Water Heater Market Segment Analysis – By Product Type:

Based on Product Type, Electric Heater Segment accounted for the largest revenue market share of around 75% in 2020 and is also anticipated to grow with the fastest CAGR. Electric Heater water heaters are becoming more popular as people become more concerned about energy efficiency and have huge growth in the number of pre-plumbed unvented systems in new constructions. To make Electric Heaters easier to use, manufacturers are incorporating smart heating controls. Electric Heaters are widely used in the commercial sector to help with production and for workers comfort. Water heaters are also being replaced more often as a result of energy efficiency laws variance in different countries. As a result, demand for highly efficient tankless Electric water heaters is growing and thus driving the Water Heater Industry. Solar Heater segment is anticipated to grow with the second fastest CAGR of 5.8% in the forecast period 2021-2026, attributed to the rising customer awareness of Solar water heaters and their cost-effective and environmentally friendly benefits in both the residential and commercial sectors. Furthermore, the government's initiatives to promote Solar Heater products in India, as well as increasing product technical advances and rapid urbanization, are expected to drive segment growth.

Water Heater Market Segment Analysis – By Application:

Based on Application, Commercial accounted for the largest revenue market share in 2020. The demand for water heaters is being driven by the expansion of commercial infrastructure in various countries. Water heaters are used by small to mid-sized businesses in their everyday operations. Companies are adopting highly effective water heaters in the meantime to reduce energy consumption and operating performance. Commercial water heaters must be upgraded owing to increased use. As a result, manufacturers are incorporating new innovations that can serve as a cue for commercial water heater upgrades. Tankless heaters & Electric Heaters are gaining popularity in the commercial sector, owing to their ability to supply a large amount of hot water for an extended period of time driving the Water Heater Industry. Residential is projected to witness the fastest CAGR of 5.3% during the forecast period 2021-2026. Continuous infrastructure growth, combined with an increase in the deployment of energy efficient heating systems, would propel the segment forward. According to the IBEF, India would need over USD 777 billion in infrastructure investment by 2022. The industry will benefit from the ongoing rollout of smart cities with strict building efficiency codes and standards.

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Water Heater Market Segment Analysis – By Geography:

Based on Geography, North America Water Heater Market accounted for the 38% revenue share in 2020. More than 9 million water heaters are sold in the United States per year, indicating that there is a strong demand for water heaters in North America, which accounts for a large portion of the industry. Tankless water heaters in the United States are compact, dependable, and long-lasting devices that provide high performance and much better energy efficiency than tank units. Due to the cold weather conditions in the area, demand for heating appliances is extremely high in most North American countries. In July 2017, Rinnai America has announced that it has expanded its North American headquarters by constructing a new two-story headquarters building and opening a North America Innovation and Training Center accelerating water heater expansion across the region. Asia-Pacific is predicted to be the fastest growing region during the forecast period 2021- 2026 owing towards economic growth in countries like China, Japan, Australia and India

Water Heater Market - Drivers

The Growing Demand for Storage Heater:

By using hot water Storage Heater tanks, Storage Heater water heaters help to maximize heating ability. Manufacturers provide Storage Heater in a range of sizes to meet the needs of customers. Storage Heater are less costly to install than other types of water heaters, and they are also simple to maintain and repair. However, since Storage Heater have been known to burst, vendors are focusing on offering standard water heater services. Furthermore, Storage Heater necessitate space for the tank; as a result, manufacturers are concentrating on reducing the size of Storage Heater to alleviate the space problem driving the Water Heater Industry. 

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Water Heater Market - Challenges

Increase In Electric Prices: 

Rising electricity prices are expected to restrict the growth of the water heater industry. Water heating systems, such as electric heaters, are the second largest consumer of electricity in the home, accounting for 18 percent of total electricity costs, according to the US Department of Energy. Furthermore, an average water heater operates for three hours every day, as per study thereby, hampering the industry development.

Water Heater Market - Landscape:

The Water Heater Market's main strategies include product launches, mergers and acquisitions, joint ventures, and regional expansion. Water Heater Market top 10 companies are State Industries, Ariston Thermo, Haier Electronics, Fast Water Heater, Neighbourly Company Viessmann, Rinnai, A.O Smith, Rheem Manufacturing, Whirlpool Corporation and American Residential Services.

Acquisitions/Product Launches:

In August 2020, A.O Smith launched MiniBot, a 3-litre instant water heater with modern technology. MiniBot's inner tank is filled with Blue Diamond glass, which provides superior corrosion resistance to traditional glass-lined items. It also protects against premature tank failure due to India's hard and polluted water, extending the life of the water heater.

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#Water Heater Market #Water Heater Market size #Water Heater industry #Water Heater Market share

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Asia Pacific Solar Based Water Heater Market Size, Analysis, Outlook and Forecast by 2023

KD Market Insights has published a research report about Asia Pacific Solar based Water Heater Market that envisions boost for this market with XX% CAGR (Compound Annual Growth Rate) for this market between 2018 and 2023. In terms of value, the market that is worth the USD XX million in 2017 is expected to be worth the USD 4.5 Billion in 2023. The market research report demonstrates market dynamics which includes growth drivers, restraining factors and opportunities and trends spearheading current nature and future status of this market. In addition to this, the report includes market size, Y-O-Y growth analysis and structure of the overall industry based on a unique combination of industry research, fieldwork, market sizing analysis, and our in-house expertise. Our general approach is to target several individuals with specific questions that we believed would satisfy our research objective. Further, to speed up the data collection process, we employed an online survey, delivered via email. Also, the research team analysed the results to identify potential opportunities and risks for the market. Request for Sample @ https://www.kdmarketinsights.com/sample/132 Segmentation: The Asia Pacific Solar based Water Heater Market has been segmented on the basis of – By Type - Active Solar Water Heating Systems - Direct circulation systems - Indirect circulation systems - Passive Solar Water Heating Systems - Integral collector-storage passive systems - Thermosyphon systems By End-User - Commercial - Residential - Industrial By Component - Storage Tank - Solar Collector - Heat Exchangers - Controls & Monitoring - Pump Group By Country Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific) Competitive Landscape - EPL India Ltd - Inter Solar - TARA POWER TECH - SunPower - Azuma Solar Co. Ltd. - Chiryu Heater - GreenTek India Pvt. Ltd. - EMMVEE - Solarmate - Nuetech Solar System. Browse Full Report with TOC @ https://www.kdmarketinsights.com/product/asia-pacific-solar-based-water-heater-market-2017 Table of Contents: Research Methodology Market Definition and List of Abbreviations

Executive Summary

Growth Drivers & Issues in Asia Pacific Solar based Water Heater Market

Asia Pacific Solar based Water Heater Market Trends

Opportunities in Asia Pacific Solar based Water Heater Market

Recent Industry Activities, 2017

Porter's Five Forces Analysis

Market Value Chain and Supply Chain Analysis

Asia Pacific Solar based Water Heater Market Size (USD Million), Growth Analysis and Forecast, (2017-2023)

Asia Pacific Solar based Water Heater Market Segmentation Analysis, By Type

9.1. Introduction 9.2. Market Attractiveness, By Type 9.3. BPS Analysis, By Type 9.4. Active Solar Water Heating Systems Market Size & Forecast (USD Million), 2017-2023 9.4.1. Direct circulation systems Market Size & Forecast (USD Million), 2017-2023 9.4.2. Indirect circulation systems Market Size & Forecast (USD Million), 2017-2023 9.5. Passive Solar Water Heating Systems Market Size & Forecast (USD Million), 2017-2023 9.5.1. Integral collector-storage passive systems Market Size & Forecast (USD Million), 2017-2023 9.5.2. Thermosyphon systems Market Size & Forecast (USD Million), 2017-2023

Asia Pacific Solar based Water Heater Market Segmentation Analysis, By End-Users

10.1. Introduction 10.2. Market Attractiveness, By End-Users 10.3. BPS Analysis, By End-Users 10.4. Commercial Market Size & Forecast (USD Million), 2017-2023 10.5. Residential Market Size & Forecast (USD Million), 2017-2023 10.6. Industrial Market Size & Forecast (USD Million), 2017-2023

Asia Pacific Solar based Water Heater Market Segmentation Analysis, By Component

11.1. Introduction 11.2. Market Attractiveness, By Component 11.3. BPS Analysis, By Component 11.4. Storage Tank Market Size & Forecast (USD Million), 2017-2023 11.5. Solar Collector Market Size & Forecast (USD Million), 2017-2023 11.6. Heat Exchangers Market Size & Forecast (USD Million), 2017-2023 11.7. Controls & Monitoring Market Size & Forecast (USD Million), 2017-2023 11.8. Pump Group Market Size & Forecast (USD Million), 2017-2023 Continue… Check for Discount @ https://www.kdmarketinsights.com/discount/132 About Us: KD Market Insights offers a comprehensive database of syndicated research studies, customized reports, and consulting services. These reports are created to help in making smart, instant and crucial decisions based on extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Our dedicated in-house team ensures the reports satisfy the requirement of the client. We aim at providing value service to our clients. Our reports are backed by extensive industry coverage and is made sure to give importance to the specific needs of our clients. The main idea is to enable our clients to make an informed decision, by keeping them and ourselves up to date with the latest trends in the market. Contact Us: KD Market Insights 150 State Street, Albany, New York, USA 12207 [phone] Email: [email protected] Website: www.kdmarketinsights.com

#Solar Based Water Heater Market #Solar Based Water Heater Market Size #Solar Based Water Heater Market Trends #Solar Based Water Heater Market growth

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Water Heater Market Growth and Analysis

Global Water Heater Market will exhibit a growth rate of 5.06% for the forecast period of 2022-2029

Global Water Heater Market Analysis and Insights:

 The rapid technological progress is the major factor accelerating the growth of the water heater market. Furthermore, rising demand for water heating systems, growing disposable income, growing government initiatives to improve the usage of solar water heaters, and high growth in construction and business industry are also expected to drive the growth of the water heater market. However high electricity price, and high installation cost can restrain the water heater market growth, whereas the problem related with the quality and energy efficiency will challenge the market growth.

In addition, growing population and urbanization as well as the high demand for energy efficient water heaters and its trending application will create ample opportunities for the water heater market.

The water heater market report is the best to know the trends and opportunities in ICT industry. In this report, several aspects about the market research and analysis for the ICT industry have been underlined. This all inclusive business research report also endows with the information, statistics, facts and figures which are very helpful for the companies to maximize or minimize the production of goods depending on the states of demand. With the competitive analysis of the major players in the market, the water heater report lends a hand to businesses in taking better moves for improving their product and sales.

 Global Water Heater Market Scope and Market Size:

On the basis of product, the water heater market is segmented into instant and storage.

Based on product type, the water heater market is segmented into solar heaters, electric heaters, gas & propane heaters and geothermal heaters.

Based on application, the water heater market is divided into residential and commercial. Commercial segment is divided into college/university, office and government/military.

Get full report here: https://www.databridgemarketresearch.com/reports/global-water-heater-market

  Global Water Heater Market Country Level Analysis:

The countries covered in the water heater market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America..

Get Sample Report here: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-water-heater-market

Major TOC of the Report:

Chapter One: Introduction

Chapter Two: Market Segmentation

Chapter Three: Market Overview  

Chapter Four: Executive Summary

Chapter Five: Premium Insight

Chapter Six: COVID-19 Impact on Global Water Heater Market

 Get TOC here: https://www.databridgemarketresearch.com/toc/?dbmr=global-water-heater-market

 Competitive Landscape and Water Heater Market Share Analysis:

The Water Heater market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Water Heater market.

Moreover, this research report highlights numerous industry verticals such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company. To gain actionable market insights to build sustainable and money-spinning business strategies with an ease, Water Heater market research report is a great option. The market document provides top to bottom analysis and estimation of various market related factors that plays key role in better decision making. The Water Heater report describes CAGR (compound annual growth rate) values and its fluctuations for the specific forecast period.

  Major Players:

Rinnai Corporation

HTP Comfort Solutions LLC

Bradford White Corporation

Noritz America

Haier Inc.

Ariston Thermo SPA

 About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.

 Contact:

Data Bridge Market Research

Tel: [phone]

Email: [email protected]

#Water Heater Market Growth

[globalaircraft]

Water Heater Market Growth and Demand

Global Water Heater Market will exhibit a growth rate of 5.06% for the forecast period of 2022-2029

Global Water Heater Market Analysis and Insights:

The rapid technological progress is the major factor accelerating the growth of the water heater market. Furthermore, rising demand for water heating systems, growing disposable income, growing government initiatives to improve the usage of solar water heaters, and high growth in construction and business industry are also expected to drive the growth of the water heater market. However high electricity price, and high installation cost can restrain the water heater market growth, whereas the problem related with the quality and energy efficiency will challenge the market growth.

In addition, growing population and urbanization as well as the high demand for energy efficient water heaters and its trending application will create ample opportunities for the water heater market.

The water heater market report is the best to know the trends and opportunities in ICT industry. In this report, several aspects about the market research and analysis for the ICT industry have been underlined. This all inclusive business research report also endows with the information, statistics, facts and figures which are very helpful for the companies to maximize or minimize the production of goods depending on the states of demand. With the competitive analysis of the major players in the market, the water heater report lends a hand to businesses in taking better moves for improving their product and sales.

Global Water Heater Market Scope and Market Size:

On the basis of product, the water heater market is segmented into instant and storage.

Based on product type, the water heater market is segmented into solar heaters, electric heaters, gas & propane heaters and geothermal heaters.

Based on application, the water heater market is divided into residential and commercial. Commercial segment is divided into college/university, office and government/military.

Get full report here: https://www.databridgemarketresearch.com/reports/global-water-heater-market

Global Water Heater Market Country Level Analysis:

The countries covered in the water heater market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America..

Get Sample Report here: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-water-heater-market

Major TOC of the Report:

Chapter One: Introduction

Chapter Two: Market Segmentation

Chapter Three: Market Overview

Chapter Four: Executive Summary

Chapter Five: Premium Insight

Chapter Six: COVID-19 Impact on Global Water Heater Market

Get TOC here: https://www.databridgemarketresearch.com/toc/?dbmr=global-water-heater-market

Competitive Landscape and Water Heater Market Share Analysis:

The Water Heater market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Water Heater market.

Moreover, this research report highlights numerous industry verticals such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company. To gain actionable market insights to build sustainable and money-spinning business strategies with an ease, Water Heater market research report is a great option. The market document provides top to bottom analysis and estimation of various market related factors that plays key role in better decision making. The Water Heater report describes CAGR (compound annual growth rate) values and its fluctuations for the specific forecast period.

Major Players:

Rinnai Corporation

HTP Comfort Solutions LLC

Bradford White Corporation

Noritz America

Haier Inc.

Ariston Thermo SPA

About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.

Contact:

Data Bridge Market Research

Tel: [phone]

Email: [email protected]

#Water Heater Market Growth

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Solar Water Heater Market – Exclusive Report Study with Forecast to 2030

Market Highlights:

The global solar water heater market is expected to grow at ~ 8.50% CAGR during the forecast period.

Solar water heater is a device which provides hot water for industrial, commercial, and residential applications. A solar water heater comprises of an array of collectors to collect and store solar energy. There are mainly three types of solar collectors that are used in residential applications such as flat-plate collector, evacuated tube collector, and unglazed water collector. Solar water heater is majorly used to save energy bills. Moreover, the domestic and commercial consumers are entitled to claim renewable heat incentive for generating heat energy.

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Based on application, the market is segmented as residential, commercial, and industrial. Residential segment is estimated to dominate the market during the forecast period due to the increasing demand for energy efficient water heater and rising investment in construction activities. The installation is majorly taking place in Europe, North America, and Asia Pacific. Considering the type, the market is segmented as pumped and thermosyphon. Thermosyphon accounts for largest share in the solar water heater market due to affordable pricing and convenient usage. 

Market Research Analysis:

Asia Pacific accounts for the largest market share in the Solar Water Heater Market

Region wise, Asia Pacific held the largest market share of the global solar water heater market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment in renewable energy sources and high demand for solar water heaters by the residential and commercial complexes. The solar water heater market would be mainly driven by the favorable government regulations against greenhouse gas emissions.

Scope of the Report

This report provides an in-depth analysis of the global solar water heater market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the solar water heater market by its type, collector type, application, and by region.

Key Players:

The key players of the global solar water heater market are Rheem Manufacturing (US), A.O.Smith (US), SunTank (South Africa), Bradford White Corporation (US), Bosch (Germany), Honeywell Corporation (US),  Racold (India), Alternate energy Technologies (US), Viessmann Manufacturing (US), and Wagner Solar (UK), among others.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/solar-water-heater-market-7132

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Global Heat Pump Research Report 2022 - Industry Size, Share, Demands, Regional Analysis & Estimations Till 2028

The Global Heat Pump Water Heaters Market Report, in its latest update, highlights the significant impacts and the recent strategical changes under the present socio-economic scenario. The Heat Pump industry growth avenues are deeply supported by exhaustive research by the top analysts of the industry. The report starts with the executive summary, followed by a value chain and marketing channels study. The report then estimates the CAGR and market revenue of the global and regional segments.

Base Year: 2021

Estimated Year: 2022

Forecast Till: 2028

The report classifies the market into different segments based on type and product. These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels. The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.

Get | Download FREE Sample Report of Global Heat Pump Water Heaters Market @ https://www.decisiondatabases.com/contact/download-sample-16091

A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Heat Pump Water Heaters market.  The impact is closely studied in terms of production, import, export, and supply.

The report covers the complete competitive landscape of the Worldwide Heat Pump Water Heaters market with company profiles of key players such as:

A. O. Smith Corp.

ait-deutschland GmbH

DAIKIN INDUSTRIES, Ltd.

Dimplex North America Ltd.

Energy Star

GE Appliances

Gree Electric Appliances Inc.

Guangdong Tongyi Heat Pump Science and Technology Corp.

Hangzhou Jinjiang Solar

Hayward Industries, Inc.

Hitachi, Ltd.

Midea Group

Mitsubishi Electric

Nihon Itomic Co.,Ltd.

OCHSNER Wärmepumpen GmbH

Panasonic Corporation

Pentair plc

Rheem Manufacturing Company

Stiebel Eltron Inc.

Thermia Heat Pumps

Toshiba Corporation

Viessmann Limited

Wotech Industrial Co.,Ltd.

Zhejiang Zhongguang Electrical Co., Ltd.

Zhongrui

Zodiac Pool Systems, Inc.

Want to add more Company Profiles to the Report? Write your Customized Requirements to us @ https://www.decisiondatabases.com/contact/get-custom-research-16091

Heat Pump Water Heaters Market Analysis by Type:

Air Source Heat Pump

Water Source Heat Pump

Ground Source Heat Pump

Heat Pump Water Heaters Market Analysis by Application:

Residential Use

Commercial & Industrial Use

Heat Pump Water Heaters Market Analysis by Geography:

North America (USA, Canada, and Mexico)

Europe (Germany, UK, France, Italy, Russia, Spain, Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Australia, South-East Asia, Rest of Asia-Pacific)

Latin America (Brazil, Argentina, Peru, Chile, Rest of Latin America)

The Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa, Rest of the Middle East and Africa)

Key questions answered in the report:

What is the expected growth of the Heat Pump Water Heaters market between 2022 to 2028?

Which application and type segment holds the maximum share in the Global Heat Pump Water Heaters market?

Which regional Heat Pump Water Heaters market shows the highest growth CAGR between 2022 to 2028?

What are the opportunities and challenges currently faced by the Heat Pump Water Heaters market?

Who are the leading market players and what are their Strengths, Weakness, Opportunities, and Threats (SWOT)?

What business strategies are the competitors considering to stay in the Heat Pump Water Heaters market?

Purchase the Complete Global Heat Pump Water Heaters Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-16091

About Us:

DecisionDatabases.com is a global business research report provider, enriching decision-makers, and strategists with qualitative statistics. DecisionDatabases.com is proficient in providing syndicated research reports, customized research reports, company profiles, and industry databases across multiple domains. Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise, and meaningful data at a lightning speed.

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#Heat Pump Marke #Heat Pump Market #Heat Pump Market Report #Heat Pump Market Size

[sweetyiarc]

WATER HEATER MARKET SIZE TO GROW AT A CAGR OF 4.8% DURING THE FORECAST PERIOD 2021-2026

Water Heater Market size is estimated at $28.5 billion in 2020, projected to grow at a CAGR of 4.8% during the forecast period 2021-2026. Water Heater is an Electric Heater appliance that heats water for a variety of uses. Water heaters are available because of their energy efficiency and small scale. Electric Heater geysers have become very common for home use. Moreover, the Water Heater industry is growing, owing to the rising demand and widespread domestic applications such as hot water for cooking, bathing and cleaning. The water heater market would benefit from rising demand for energy efficient systems and geysers, as well as favorable regulatory policies on carbon emissions. For instance, in 2016, the United Arab Emirates invested $3Million in the area to introduce green strategies. Besides this, the growing number of strategies adopted by key players such as partnership, acquisition and collaboration to expand their presence and innovation in water heating technology to gain the market traction is set to drive its water heater industry.

Water Heater Market Segment Analysis – By Product Type:

Based on Product Type, Electric Heater Segment accounted for the largest revenue market share of around 75% in 2020 and is also anticipated to grow with the fastest CAGR. Electric Heater water heaters are becoming more popular as people become more concerned about energy efficiency and have huge growth in the number of pre-plumbed unvented systems in new constructions. To make Electric Heaters easier to use, manufacturers are incorporating smart heating controls. Electric Heaters are widely used in the commercial sector to help with production and for workers comfort. Water heaters are also being replaced more often as a result of energy efficiency laws variance in different countries. As a result, demand for highly efficient tankless Electric water heaters is growing and thus driving the Water Heater Industry. Solar Heater segment is anticipated to grow with the second fastest CAGR of 5.8% in the forecast period 2021-2026, attributed to the rising customer awareness of Solar water heaters and their cost-effective and environmentally friendly benefits in both the residential and commercial sectors. Furthermore, the government’s initiatives to promote Solar Heater products in India, as well as increasing product technical advances and rapid urbanization, are expected to drive segment growth.

Water Heater Market Segment Analysis – By Application:

Based on Application, Commercial accounted for the largest revenue market share in 2020. The demand for water heaters is being driven by the expansion of commercial infrastructure in various countries. Water heaters are used by small to mid-sized businesses in their everyday operations. Companies are adopting highly effective water heaters in the meantime to reduce energy consumption and operating performance. Commercial water heaters must be upgraded owing to increased use. As a result, manufacturers are incorporating new innovations that can serve as a cue for commercial water heater upgrades. Tankless heaters & Electric Heaters are gaining popularity in the commercial sector, owing to their ability to supply a large amount of hot water for an extended period of time driving the Water Heater Industry. Residential is projected to witness the fastest CAGR of 5.3% during the forecast period 2021-2026. Continuous infrastructure growth, combined with an increase in the deployment of energy efficient heating systems, would propel the segment forward. According to the IBEF, India would need over USD 777 billion in infrastructure investment by 2022. The industry will benefit from the ongoing rollout of smart cities with strict building efficiency codes and standards.

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Water Heater Market Segment Analysis – By Geography:

Based on Geography, North America Water Heater Market accounted for the 38% revenue share in 2020. More than 9 million water heaters are sold in the United States per year, indicating that there is a strong demand for water heaters in North America, which accounts for a large portion of the industry. Tankless water heaters in the United States are compact, dependable, and long-lasting devices that provide high performance and much better energy efficiency than tank units. Due to the cold weather conditions in the area, demand for heating appliances is extremely high in most North American countries. In July 2017, Rinnai America has announced that it has expanded its North American headquarters by constructing a new two-story headquarters building and opening a North America Innovation and Training Center accelerating water heater expansion across the region. Asia-Pacific is predicted to be the fastest growing region during the forecast period 2021- 2026 owing towards economic growth in countries like China, Japan, Australia and India

Water Heater Market – Drivers

The Growing Demand for Storage Heater:

By using hot water Storage Heater tanks, Storage Heater water heaters help to maximize heating ability. Manufacturers provide Storage Heater in a range of sizes to meet the needs of customers. Storage Heater are less costly to install than other types of water heaters, and they are also simple to maintain and repair. However, since Storage Heater have been known to burst, vendors are focusing on offering standard water heater services. Furthermore, Storage Heater necessitate space for the tank; as a result, manufacturers are concentrating on reducing the size of Storage Heater to alleviate the space problem driving the Water Heater Industry.

Water Heater Market – Challenges

Increase In Electric Prices:

Rising electricity prices are expected to restrict the growth of the water heater industry. Water heating systems, such as electric heaters, are the second largest consumer of electricity in the home, accounting for 18 percent of total electricity costs, according to the US Department of Energy. Furthermore, an average water heater operates for three hours every day, as per study thereby, hampering the industry development.

Water Heater Market – Landscape:

The Water Heater Market’s main strategies include product launches, mergers and acquisitions, joint ventures, and regional expansion. Water Heater Market top 10 companies are State Industries, Ariston Thermo, Haier Electronics, Fast Water Heater, Neighbourly Company Viessmann, Rinnai, A.O Smith, Rheem Manufacturing, Whirlpool Corporation and American Residential Services.

Acquisitions/Product Launches:

In August 2020, A.O Smith launched MiniBot, a 3-litre instant water heater with modern technology. MiniBot’s inner tank is filled with Blue Diamond glass, which provides superior corrosion resistance to traditional glass-lined items. It also protects against premature tank failure due to India’s hard and polluted water, extending the life of the water heater.

Key Takeaways

Water Heater market growth is being driven by technological advances, adoption of new techniques, and the innovation are resulting in the production of low-cost heaters and energy-efficient.

Geographically, North America Water Heater Market held the largest revenue share of 38% in 2020 owing to the presence of potential players who are creating new products, high investments in R&D, and government funding. The scope of the Water Heater Market for various regions will be provided in the final report.

The Water Heater Industry is expanding owing to rising perception of the product’s benefits in various applications and consumer preferences are expected to shift as quality levels increase.

The growing demand for Storage Heater owing to easy installation and maintenance is a significant factor that is expected to push the Water Heater industry during the forecast period 2021-2026.

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[researchnesterinsights]

Global Solar Water Heater Market to Witness Growth by a CAGR of ~6% throughout 2022 – 2030 Ascribing to the Rising Demand for Eco-Friendly and Cost-Effective Energy Solutions Worldwide

Research Nester published a report titled “Solar Water Heater Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global solar water heater market in terms of market segmentation by type, capacity, end user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global solar water heater market is estimated to occupy a sizeable amount of revenue by growing at a CAGR of ~6% during the forecast period, i.e., 2022 – 2030, owing to the increasing demand for cost-effective and eco-friendly energy solutions for water heating, and growing use of solar heaters as a result of reduction in prices. Along with this, escalating number of government initiatives associated with reducing emissions, and surging investments in infrastructure sector are also expected to accelerate the growth of the market in the forthcoming years.

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The market is segmented by type, capacity and end user. Based on type, the glazed segment is anticipated to occupy the largest share during the forecast period on the back of increase in solar efficiency provided by these heaters. Additionally, by end user, the residential segment is projected to grab the largest share over the forecast period attributing to the escalating construction of green residential buildings, and growing investments for refurbishment of existing residential establishments.

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Geographically, the global solar water heater market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific is evaluated to witness noteworthy growth and grab the largest share in the market during the forecast period attributing to the technological innovations to achieve energy efficiency at limited costs, and transition towards the use of clean and renewable energy in the region. Moreover, the market in the Middle East and Africa is also assessed to gather a significant share in the future owing to the upsurge in usage of solar energy for water heating purposes.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Growing Demand for Eco-Friendly and Cost-Effective Energy Solutions Worldwide to Boost Market Growth

Over the last few years, the demand for eco-friendly and cost-effective energy solutions is surfacing all around the world. This can be attributed to the increase in emissions globally, which is predicted to increase the construction of green buildings, as residential sector is also a significant contributor to release of toxins into the environment. It is a crucial factor assessed to drive market growth in the near future.

However, less awareness about solar water heaters in underdeveloped nations is expected to operate as key restraint to the growth of the global solar water heater market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global solar water heater market which includes company profiling of Ariston Thermo SpA, V-Guard Industries Ltd, KODSAN Company, Himin Solar Co., Ltd., Robert Bosch GmbH, Honeywell International, Inc., A. O. Smith Corporation, Rheem Manufacturing Company, Rinnai Corporation, Linuo Ritter International Co., Ltd., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global solar water heater market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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About Us

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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[marketstudyreport]

Electric Water Heaters Market Dynamics, Growth Prospect and Consumption Analysis till 2022

22nd November 2021 – The global electric water heaters market size is expected to value at USD 29.32 billion by 2022. The market is subject to witness a substantial growth due to the growing number of residential housing projects across the globe. Factors responsible for the robust growth of electric water heaters industry, in the recent years, include increasing popularity of tank less water heaters and rising per capita income in both developed and developing economies worldwide.

The electric water heaters offer advantages such as better energy efficiency, environment-friendly capabilities and advanced temperature control for long duration of time. These factors are predicted to fuel the market demand for electric water heaters in the upcoming period. Globally, electric water heaters market is predicted to grow at CAGR of 6.9% in forecast period, providing numerous opportunities for market players to invest in research and development of these products. The electric water heater is capable of performing day-to-day applications such as cooking, cleaning, and bathing. While, increasing adoption of electric water heaters in commercial applications involving hospital and hotels are expected to stimulate market progress over the forecast period as well.

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Increasing penetration of electric water heaters in rural areas in both developing and underdeveloped economies coupled with lowered cost are anticipated to boost market performance for electric water heater industry, in the near future. Additionally, easy availability of electric water heaters due to presence of supermarkets, hypermarkets, retail stores and e-commerce retail chains is positively affecting market growth. The recent technological advancements coupled with development of novel products has led to soaring demand for electric water heater market from Asia Pacific region. Stringent laws and regulations placed by regional governments across the globe has led to the shifting focus towards adoption of safety awareness protocols, improved quality standards, and energy efficiency by industry players. These factors are expected to drive the growth of the market over the forecast period.

However, less availability of electricity and shortages are limiting market growth to a certain extent. Additionally, latest trends involving increasing adoption of solar powered water heaters and adoption of hybrid products are expected to restrain market growth in the upcoming years. Growing popularity of the hybrid water heater among consumers is credited to its capability to operate on more than two energy sources. Furthermore, changing electricity prices, stringent environmental laws and regulations, and volatile raw material prices are projected to hamper market demand for electric water heaters.

The market is broadly categorized into three major types based on end-user application such as residential, industrial and commercial electric water heaters. The residential electric water heaters is considered as one of the fastest growing segment in the electric water heaters industry with substantial revenue generation in the last couple of years. Growing demand for residential electric water heater is attributed wide range of end-user application such as cooking, bathing, space heating, and cleaning. Commercial water heater segment has also displayed massive growth, in the recent years, owing to the increasing demand from commercial places such as business, apartment houses, commercial buildings, hotels, and hospitals. Growing demand from restaurants, schools, and hotels is expected to foster market growth of commercial water heater segment.

The electric water heaters market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies, lower cost of electricity, and existence of well-established manufacturing sector. Asia-Pacific region is predicted to hold major market share in electric water heaters with massive growth in forecast period. Countries such as India and China are leading the Asia-Pacific market with improved standard of living, rising per capita income, shifting trend towards automated temperature control, energy efficient solutions and environmental sustainability, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the electric water heaters industry are A.O. Smith Co., General Electric Company, Inc., Rheem Manufacturing Co., Ariston Thermo SpA, Hubbell Electric Heater Co., and Siemens AG.

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