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Solar Water Heater Market - Top Companies and Manufacturers

  • Report ID: 3765
  • Published Date: Aug 23, 2024
  • Report Format: PDF, PPT

Companies Dominating the Solar Water Heater Landscape

    • Ariston Thermo SpA
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • 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.
Browse Key Market Insights with Data Illustration:

In the News

  • The annual installations of solar water heaters in Gujarat more than doubled, up to 250,000 square meters from 100,000 square meters in March 2020.

  • The states now account for about 20 percent of the estimated 1.2 million total installations of solar water heaters in the country.


Author Credits:  Dhruv Bhatia


  • Report ID: 3765
  • Published Date: Aug 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of solar water heater is estimated at USD 3 billion.

Solar Water Heater Market size was valued at USD 2.87 billion in 2023 and is likely to reach USD 5.97 billion by 2036, expanding at around 5.8% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by growing demand for eco-friendly solutions for water heating, and increasing usage of solar heaters as a result of declining prices.

Asia Pacific industry is likely to account for largest revenue share by 2036, backed by technological innovations to achieve energy efficiency at limited costs, and transition towards the use of clean and renewable energy in the region.

The major players in the market are Ariston Thermo SpA, V-Guard Industries Ltd, KODSAN Company, Himin Solar Co., Ltd., and others.
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