Industrial Solar Water Heaters Market Is Expected To Accumulate A Market Value Of US$ 1,138.9 Million By 2032


Industrial solar water heaters are solar-powered heating devices that are used for applications such as water heating, space heating, and industrial processes such as obtaining hot water or preheating steam before it enters industrial boilers.

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The global industrial solar water heaters market is likely to accumulate a market value of US$ 791.8 Million in 2022 and is expected to accumulate a market value of US$ 1,138.9 Million by registering a CAGR of 3.7% in the forecast period 2022-2032. Growth of the industrial solar water heaters market can be attributed to the increasing demand for the same from end user industries and commercial sectors. 

Industrial Solar Water Heater is a heating equipment powered by solar cells which in turn is used for applications such as heating of water, space heating, industrial process such as obtaining hot water or preheating of steam before it enters the industrial boilers.

North America and Europe regions have with luxurious lifestyles, high disposable incomes with high standard of living, this has led to the growth of Industrial Solar Water Heaters in the respective regions.

The primary source of energy is the solar energy which can be utilized for various industrial applications. Moreover, as Industrial Solar Water Heaters are small in size and have great compressive strength, they are used as a structural lightweight fillers, thus Industrial Solar Water Heaters market is expected see rapid growth in all developed and developing countries in the future.

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APAC countries are anticipated to assist significantly for the growth of the global Industrial Solar Water Heaters market over the forecast period. Evolving countries in the APAC region, especially China and India, is estimated to play an imperative role in the growth of the Industrial Solar Water Heaters market in the coming future. In countries such as India and China, construction and automotive industry is in a very active state and is very attractive for the manufacturers there, is humungous growth potential for the global Industrial Solar Water Heaters market.

The market for the Industrial Solar Water Heaters is expected to grow as significant macro-economic factors such as the growth in industrialization, growth in urbanization, growth of construction industry and growth of automotive industry is on a linear side and thus will upsurge the growth of the global Industrial Solar Water Heaters market over the forecast period.

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Industrial Solar Water Heaters Market: Segmentation

The Industrial Solar Water Heaters market can be segmented on the basis of product type, material type, component and end use.

By Industry type, the Industrial Solar Water Heaters market can be segmented as:

  • Small Scale Industrial Solar Water Heaters
  • Medium ScaIe industrial Solar Water Heaters
  • Large Scale industrial Solar Water Heaters

By Sales Channel, the Industrial Solar Water Heaters market can be segmented as:

  • Original Equipment Manufacturers
  • Aftermarket

By End Use,the Industrial Solar Water Heaters market can be segmented as:

  • Automotive
  • Construction
  • Oil & Gas
  • Paints & Coating
  • Others (Refractory, Bulk Fillers, Etc.

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Industrial Solar Water Heaters Market: Market Participants

Some of the examples of the key market participants in the global Industrial Solar Water Heaters market, identified across the value chain are,

  • ATR SOLAR
  • SunEarth
  • Racold
  • Heliodyne, Inc.
  • Alternate Energy Technologies, LLC.
  • Excel Innovations Private Limited.
  • Apricus Solar Co. Ltd.
  • Chandrlok International
  • SunMaxx Solar
  • Greentek India Pvt. Ltd.
  • SUNPEAK USA Inc.
  • American Water Heaters

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Published in

Business , Industry

Published on

Jul 25, 2022

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