Solar Water Heaters Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Solar Water Heaters Market is segmented By Collector (Flat Plate Collector, Evacuated Tube Collector, Unglazed Water Collector), By System (Thermosiphon, Pumped System), By End Use (Residential, Commercial, Industrial), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) . The report offers the value (in USD billion) for the above-mentioned segments.

Solar Water Heaters Market is segmented By Collector (Flat Plate Collector, Evacuated Tube Collector, Unglazed Water Collector), By System (Thermosiph....

Solar Water Heaters Market Size

Market Size in USD Bn

CAGR5.61%

Study Period	2024 - 2031
Base Year of Estimation	2023
CAGR	5.61%
Market Concentration	High
Major Players	Vikram Solar, Tata Power Solar Systems, SunTank, Mahindra Solar One, Azure Power India and Among Others

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

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Solar Water Heaters Market Analysis

The solar water heaters market is estimated to be valued at USD 6.21 Bn in 2024 and is expected to reach USD 9.1 Bn by 2031. It is expected to grow at a compound annual growth rate (CAGR) of 5.61% from 2024 to 2031. The solar water heaters market is expected to witness significant growth with a rising number of consumers to shift towards solar water heating systems.

Solar Water Heaters Market Report Snapshots

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