Solar Water Heaters Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)

Solar Water Heaters Market is segmented By Collector (Flat Plate Collector, Evacuated Tube Collector...

Solar Water Heaters Market Size

Market Size in USD Bn

CAGR5.8%

Study Period2025-2032
Base Year of Estimation2024
CAGR5.8%
Market ConcentrationHigh
Major PlayersVikram 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 6.57 Bn in 2025 and is expected to reach USD 9.75 Bn by 2032. It is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2025 to 2032. 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