Global Solar Water Heaters
Market Report
2025
Delivery Includes:- Market Timeline 2021 till 2033, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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"Global Solar Water Heaters market size 2025 is $3065.3 Million whereas according out published study it will reach to $4739.71 Million by 2033. Solar Water Heaters market will be growing at a CAGR of 5.599% during 2025 to 2033."
As per the current market study, out of 3065.3 Million USD global market revenue 2025, North America market holds 39.68% of the market share. The North America Solar Water Heaters industry grew from 983.573 Million USD in 2021 to 1216.31 Million USD in 2025 and will record 80.87% growth. In coming future this industry will reach 1829.05 Million by 2033 with a 5.232% CAGR. If we look at the percentage market shares of top North America countries for 2025,United States (80.03%), Canada (12.05%), Mexico (7.92%)
As per the current market study, out of 3065.3 Million USD global market revenue 2025, Europe market holds 28.68% of the market share. The Europe Solar Water Heaters industry grew from 712.413 Million USD in 2021 to 879.128 Million USD in 2025 and will record 81.04% growth. In coming future this industry will reach 1321.9 Million by 2033 with a 5.231% CAGR. If we look at the percentage market shares of top Europe countries for 2025,United Kingdom (13.13%), Germany (15.67%), France (13.13%), Italy (7.22%), Russia (11.26%), Spain (7.32%), Sweden (2.96%), Denmark (2.44%), Switzerland (1.91%), Luxembourg (1.42%), Rest of Europe (23.56%)
As per the current market study, out of 3065.3 Million USD global market revenue 2025, Asia Pacific market holds 19.22% of the market share. The Asia Pacific Solar Water Heaters industry grew from 465.903 Million USD in 2021 to 589.151 Million USD in 2025 and will record 79.08% growth. In coming future this industry will reach 1000.55 Million by 2033 with a 6.844% CAGR. If we look at the percentage market shares of top Asia Pacific countries for 2025,China (30.81%), Japan (19.25%), India (14.93%), South Korea (7.23%), Australia (2.98%), Singapore (3.99%), South East Asia (9.82%), Taiwan (1.39%), Rest of APAC (9.60%)
As per the current market study, out of 3065.3 Million USD global market revenue 2025, South America market holds 7.12% of the market share. The South America Solar Water Heaters industry grew from 167.626 Million USD in 2021 to 218.249 Million USD in 2025 and will record 76.80% growth. In coming future this industry will reach 365.431 Million by 2033 with a 6.655% CAGR. If we look at the percentage market shares of top South America countries for 2025,Brazil (31.63%), Argentina (13.33%), Colombia (8.61%), Peru (4.21%), Chile (2.58%), Rest of South America (39.65%)
As per the current market study, out of 3065.3 Million USD global market revenue 2025, Middle East market holds 3.58% of the market share. The Middle East Solar Water Heaters industry grew from 96.139 Million USD in 2021 to 109.738 Million USD in 2025 and will record 87.61% growth. In coming future this industry will reach 151.197 Million by 2033 with a 4.087% CAGR. If we look at the percentage market shares of top Middle East countries for 2025,Saudi Arabia (34.08%), Turkey (12.12%), UAE (10.31%), Egypt (8.79%), Qatar (7.60%), Rest of Middle East (27.10%)
As per the current market study, out of 3065.3 Million USD global market revenue 2025, Africa market holds 1.72% of the market share. The Africa Solar Water Heaters industry grew from 39.442 Million USD in 2021 to 52.723 Million USD in 2025 and will record 74.81% growth. In coming future this industry will reach 71.57 Million by 2033 with a 3.894% CAGR. If we look at the percentage market shares of top Africa countries for 2025,Nigeria (17.56%), South Africa (31.42%), Rest of Africa (51.02%)
2021 | 2025 | 2033 | CAGR | |
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Global Solar Water Heaters Market Sales Revenue | $ 2465.1 Million | $ 3065.3 Million | $ 4739.71 Million | 5.599% |
North America Solar Water Heaters Market Sales Revenue | $ 983.573 Million | $ 1216.31 Million | $ 1829.05 Million | 5.232% |
United States Solar Water Heaters Market Sales Revenue | $ 788.137 Million | $ 973.438 Million | $ 1439.14 Million | 5.008% |
Canada Solar Water Heaters Market Sales Revenue | $ 119.504 Million | $ 146.59 Million | $ 239.825 Million | 6.347% |
Mexico Solar Water Heaters Market Sales Revenue | $ 75.932 Million | $ 96.283 Million | $ 150.092 Million | 5.706% |
Europe Solar Water Heaters Market Sales Revenue | $ 712.413 Million | $ 879.128 Million | $ 1321.9 Million | 5.231% |
United Kingdom Solar Water Heaters Market Sales Revenue | $ 94.181 Million | $ 115.438 Million | $ 163.004 Million | 4.407% |
Germany Solar Water Heaters Market Sales Revenue | $ 112.205 Million | $ 137.768 Million | $ 197.902 Million | 4.632% |
France Solar Water Heaters Market Sales Revenue | $ 93.112 Million | $ 115.421 Million | $ 184.128 Million | 6.012% |
Italy Solar Water Heaters Market Sales Revenue | $ 51.151 Million | $ 63.464 Million | $ 98.469 Million | 5.644% |
Russia Solar Water Heaters Market Sales Revenue | $ 80.503 Million | $ 98.972 Million | $ 141.285 Million | 4.55% |
Spain Solar Water Heaters Market Sales Revenue | $ 52.434 Million | $ 64.335 Million | $ 89.202 Million | 4.17% |
Sweden Solar Water Heaters Market Sales Revenue | $ 21.301 Million | $ 26.005 Million | $ 34.079 Million | 3.438% |
Denmark Solar Water Heaters Market Sales Revenue | $ 17.668 Million | $ 21.424 Million | $ 26.531 Million | 2.708% |
Switzerland Solar Water Heaters Market Sales Revenue | $ 13.892 Million | $ 16.765 Million | $ 22.168 Million | 3.554% |
Luxembourg Solar Water Heaters Market Sales Revenue | $ 10.401 Million | $ 12.457 Million | $ 17.013 Million | 3.973% |
Rest of Europe Solar Water Heaters Market Sales Revenue | $ 165.565 Million | $ 207.079 Million | $ 348.123 Million | 6.709% |
Asia Pacific Solar Water Heaters Market Sales Revenue | $ 465.903 Million | $ 589.151 Million | $ 1000.55 Million | 6.844% |
China Solar Water Heaters Market Sales Revenue | $ 143.964 Million | $ 181.517 Million | $ 298.565 Million | 6.418% |
Japan Solar Water Heaters Market Sales Revenue | $ 90.012 Million | $ 113.412 Million | $ 185.903 Million | 6.372% |
India Solar Water Heaters Market Sales Revenue | $ 68.954 Million | $ 87.96 Million | $ 157.987 Million | 7.595% |
South Korea Solar Water Heaters Market Sales Revenue | $ 34.104 Million | $ 42.596 Million | $ 65.736 Million | 5.574% |
Australia Solar Water Heaters Market Sales Revenue | $ 14.303 Million | $ 17.557 Million | $ 25.214 Million | 4.628% |
Singapore Solar Water Heaters Market Sales Revenue | $ 18.17 Million | $ 23.507 Million | $ 41.523 Million | 7.371% |
South East Asia Solar Water Heaters Market Sales Revenue | $ 45.426 Million | $ 57.855 Million | $ 100.856 Million | 7.194% |
Taiwan Solar Water Heaters Market Sales Revenue | $ 6.849 Million | $ 8.189 Million | $ 12.307 Million | 5.224% |
Rest of APAC Solar Water Heaters Market Sales Revenue | $ 44.121 Million | $ 56.558 Million | $ 112.462 Million | 8.972% |
South America Solar Water Heaters Market Sales Revenue | $ 167.626 Million | $ 218.249 Million | $ 365.431 Million | 6.655% |
Brazil Solar Water Heaters Market Sales Revenue | $ 53.104 Million | $ 69.037 Million | $ 112.487 Million | 6.293% |
Argentina Solar Water Heaters Market Sales Revenue | $ 22.278 Million | $ 29.088 Million | $ 50.715 Million | 7.196% |
Colombia Solar Water Heaters Market Sales Revenue | $ 14.483 Million | $ 18.796 Million | $ 30.192 Million | 6.103% |
Peru Solar Water Heaters Market Sales Revenue | $ 7.091 Million | $ 9.18 Million | $ 14.42 Million | 5.808% |
Chile Solar Water Heaters Market Sales Revenue | $ 4.342 Million | $ 5.622 Million | $ 8.829 Million | 5.804% |
Rest of South America Solar Water Heaters Market Sales Revenue | $ 66.33 Million | $ 86.527 Million | $ 148.789 Million | 7.011% |
Middle East Solar Water Heaters Market Sales Revenue | $ 96.139 Million | $ 109.738 Million | $ 151.197 Million | 4.087% |
Saudi Arabia Solar Water Heaters Market Sales Revenue | $ 32.928 Million | $ 37.399 Million | $ 50.333 Million | 3.783% |
Turkey Solar Water Heaters Market Sales Revenue | $ 11.758 Million | $ 13.3 Million | $ 17.584 Million | 3.552% |
UAE Solar Water Heaters Market Sales Revenue | $ 9.797 Million | $ 11.314 Million | $ 16.934 Million | 5.17% |
Egypt Solar Water Heaters Market Sales Revenue | $ 8.364 Million | $ 9.646 Million | $ 13.88 Million | 4.654% |
Qatar Solar Water Heaters Market Sales Revenue | $ 7.422 Million | $ 8.34 Million | $ 11.037 Million | 3.565% |
Rest of Middle East Solar Water Heaters Market Sales Revenue | $ 25.871 Million | $ 29.739 Million | $ 41.428 Million | 4.231% |
Africa Solar Water Heaters Market Sales Revenue | $ 39.442 Million | $ 52.723 Million | $ 71.57 Million | 3.894% |
Nigeria Solar Water Heaters Market Sales Revenue | $ 6.961 Million | $ 9.258 Million | $ 12.238 Million | 3.55% |
South Africa Solar Water Heaters Market Sales Revenue | $ 12.428 Million | $ 16.566 Million | $ 21.872 Million | 3.534% |
Rest of Africa Solar Water Heaters Market Sales Revenue | $ 20.052 Million | $ 26.899 Million | $ 37.46 Million | 4.226% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Solar Water Heaters industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Solar Water Heaters Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Market Dynamics such as Drivers, Restraints, Opportunities, Trends data
The Machinery and Equipment industry is driven by rapid urbanization, technological advancements, and growing demand for AI and automation. The rising adoption of automation and energy-efficient solutions across industries is propelling market growth. Additionally, the growing construction of smart facilities and innovation in infrastructural development are contributing to market expansion.
However, the Solar Water Heaters market faces restraints such as high initial capital investments, skilled labor shortages, and stringent regulations. The high capital and operational costs, complexity of operations, and high maintenance costs also impact market growth.
Despite these challenges, the Solar Water Heaters market offers significant growth opportunities driven by government support, increasing investments, and rising adoption of AI-based technologies. The integration of robotics, IoT, and advanced emission control technologies are emerging trends in the market.
The is expected to witness significant growth, driven by changing preferences towards eco-friendly materials, digitalization, and remote monitoring. Overall, the pharmaceutical and healthcare market is poised for growth, driven by technological advancements, government support, and increasing demand for innovative solutions.
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The competitive analysis of the Machinery and Equipment industry offers detailed insights related to major companies operating in the Solar Water Heaters market. The report offers detailed competitor analysis, brand mapping of major companies, focusing on key developments such as new product launches, product pipeline, brand analysis, geographic expansion, mergers and acquisitions, partnerships, and joint ventures. The report also provides an overview of each company’s operations, strategies, and financial performance, including revenue (in USD Million), gross margin (%), and market share (%) from 2021 to 2024. The competitor’s analysis includes SWOT analysis, which involves each company’s strengths, weaknesses, opportunities, and threats. The report also examines how companies have adapted to challenges like COVID-19, including changes to their supply chains, product offerings, and customer engagement. Other factors like technological progress, sustainability efforts, and competitive positioning are also covered to give a complete picture of the market. (Report will provide you with customized data, and detailed insight on purchase of paid version of the report)
Top Companies Market Share in Solar Water Heaters Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Region and country analysis section of Solar Water Heaters Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Solar Water Heaters market.
The current report Scope analyzes Solar Water Heaters Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Solar Water Heaters Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Solar Water Heaters Industry growth. Solar Water Heaters market has been segmented with the help of its Type, Application , and others. Solar Water Heaters market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the current trends and future market projects, Solar Water Heaters market size is projected from 2019 to 2031, with both quantitative and qualitative analysis based on the Type segmentation analysis of the Solar Water Heaters. This helps to understand the fastest-growing segments, such as industrial robots, electric motors, material handling systems, or construction equipment, and others. Type segment analysis gives detailed insights into the factors driving growth, such as technological innovations, automation, and energy efficiency. For instances segments like smart machinery and electric-powered equipment are becoming more popular as industries move towards sustainable and cost-effective solutions.
To better understand the performance of each Type segment, several factors are considered. These include technological advancements like IoT and AI integration, changes in consumer demand for more energy-efficient or customizable operation and pricing trends driven by raw material costs and labor. Regulatory impacts also play a role, especially with environmental and safety regulations. This type of analysis offers a clear view of how different types will evolve over time, helping businesses make smarter decisions on investments and strategies. (Report will provide you with customized data, and detailed insight on purchase of paid version of the report)
Type of Solar Water Heaters analyzed in this report are as follows:
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This report provides a comprehensive forecast of revenue growth for the Solar Water Heaters industry at the global, regional, and country levels, from 2019 to 2031. It includes a detailed analysis of the latest industry trends and identifies key opportunities for each Application segment of machinery and equipment. The analysis covers demand across various end-use industries, such as automotive, HVAC, construction, energy, and others. By examining these application segments, the report helps stakeholders understand the factors driving growth in specific sectors and identify high-potential areas for investment and innovation. To perform a thorough Application segment analysis, the report considers several key factors. These include industry-specific demand patterns, technological advancements in machinery, and regional growth trends that influence specific applications. Additional factors such as regulatory requirements, supply chain dynamics, end-user preferences, and market competition are also examined to assess how they impact the adoption and performance of machinery in different sectors. The analysis further includes confidential insights like value chain evaluation, patent trends, and company performance metrics (through a Company Evaluation Quadrant), providing a complete view of each application’s evolution within the machinery and equipment market. (Report will provide you with customized data, and detailed insight on purchase of paid version of the report)
Some of the key Application of Solar Water Heaters are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Associate at Cognitive Market Research
I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.
I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Solar Water Heaters Market is witnessing significant growth in the near future.
In 2023, the Compact Type segment accounted for noticeable share of global Solar Water Heaters Market and is projected to experience significant growth in the near future.
The Home Use segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies A.O.Smith, Ariston Thermo and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Compact Type, Split Type |
Application | Home Use, Commercial Use, Industrial Use |
List of Competitors | A.O.Smith, Rheem, Ariston Thermo, Whirlpool, Nihon Itomic, Simens, Ferroli, Stiebel Eltron, Eldominvest, Hubbell, State Industries, Sakura |
This chapter will help you gain GLOBAL Market Analysis of Solar Water Heaters. Further deep in this chapter, you will be able to review Global Solar Water Heaters Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Solar Water Heaters. Further deep in this chapter, you will be able to review North America Solar Water Heaters Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Solar Water Heaters. Further deep in this chapter, you will be able to review Europe Solar Water Heaters Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Solar Water Heaters. Further deep in this chapter, you will be able to review Asia Pacific Solar Water Heaters Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Solar Water Heaters. Further deep in this chapter, you will be able to review South America Solar Water Heaters Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Solar Water Heaters. Further deep in this chapter, you will be able to review Middle East Solar Water Heaters Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Solar Water Heaters. Further deep in this chapter, you will be able to review Middle East Solar Water Heaters Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Solar Water Heaters. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Solar Water Heaters market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Compact Type have a significant impact on Solar Water Heaters market? |
What are the key factors affecting the Compact Type and Split Type of Solar Water Heaters Market? |
What is the CAGR/Growth Rate of Home Use during the forecast period? |
By type, which segment accounted for largest share of the global Solar Water Heaters Market? |
Which region is expected to dominate the global Solar Water Heaters Market within the forecast period? |
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