Solar Water Heater Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Solar Water Heater Companies and the Market is segmented by Thermal Collector Type (Glazed (Evacuated Tube and Flat Plate) and Unglazed), End User (Residential and Commercial and Industrial), and Geography (North America, Asia-Pacific, Europe, South America, and Middle East and Africa). The Market Size and Forecasts Are Provided in Terms of revenue (USD Billion) for all the above segments.

Solar Water Heater Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Solar Water Heater Market Size

Solar Water Heater Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 5.50 %
Fastest Growing Market Middle-East and Africa
Largest Market Asia Pacific
Market Concentration Low

Major Players

Solar Water Heater Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Solar Water Heater Market with other markets in Energy & Power Industry

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Solar Water Heater Market Analysis

The Solar Water Heater Market is expected to register a CAGR of greater than 5.5% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.

  • Over the medium term, factors such as reducing carbon footprint and increasing efficiency clubbed with the increase in usage of solar heaters due to the declining prices and growing adoption of glazed solar heaters are likely to drive the solar water heater market during the forecast period.
  • On the other hand, the improved cost-effectiveness associated with batteries or modules is expected to restrain the Solar Water Heater Market during the forecast period, as the Solar Water Heater installation requires major modification to a building's plumbing systems and has relatively less life compared to solar PV.
  • Nevertheless, governments are pushing for schemes to push for the solar water heater to reduce gas-powered water heater and district heating systems. Programs like the solar city in Seoul are being introduced to subsidize the solar water heater market and make them cheaper than their alternatives. This, in turn, is likely to create opportunities for the players involved in the market in the near future.
  • The Middle-East and Africa region is expected to dominate the market, with the majority of the demand coming from countries such as Saudi Arabia, Turkey, and Israel.

Solar Water Heater Industry Overview

The Solar Water Heater Market is fragmented. Some of the major players include (not in a particular order) Himin Solar Energy Group, V-Guard Industries Ltd, Ariston Thermo SpA, KODSAN Company, and Solav Energy.

Solar Water Heater Market Leaders

  1. Himin Solar Energy Group

  2. V-Guard Industries Ltd

  3. Ariston Thermo SpA

  4. KODSAN Company

  5. Solav Energy

  6. *Disclaimer: Major Players sorted in no particular order
Solar Water Heater Market Concentration
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Solar Water Heater Market News

  • September 2022: The Tunisian government distributed solar-powered water heaters to 4000 under-served families to optimize the nation's energy consumption. By 2030, Tunisia's Ministry of Energy, Mines, and Energy Transition intends to lower its usage of fossil fuels by 30%.
  • June 2022: Sunerg Solar Srl, an Italian producer of solar modules, released a 1,500 W water heater solution in June 2022 that can be fueled by grid electricity and solar power simultaneously. A maximum power point tracking (MPPT) controller and an 80 L water boiler with two resistances, one of which is actuated by the photovoltaic panel, and the Frog Photovoltaic Water Heater are all offered by the company.

Solar Water Heater Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Thermal Collector Type
    • 5.1.1 Glazed
    • 5.1.1.1 Evacuated Tube
    • 5.1.1.2 Flat Plate
    • 5.1.2 Unglazed
  • 5.2 End User
    • 5.2.1 Residential
    • 5.2.2 Commercial and Industrial
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Asia-Pacific
    • 5.3.3 Europe
    • 5.3.4 South America
    • 5.3.5 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Himin Solar Energy Group
    • 6.3.2 V-Guard Industries Ltd
    • 6.3.3 Ariston Thermo SpA
    • 6.3.4 KODSAN Company
    • 6.3.5 Solav Energy
    • 6.3.6 Zhejiang JiaDeLe Solar Co. Ltd
    • 6.3.7 A. O. Smith Corp.
    • 6.3.8 Alternate Energy Technologies LLC
    • 6.3.9 Jiangsu Sunpower Solar Technology Co. Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Solar Water Heater Industry Segmentation

A Solar Water Heater Generates hot water using solar heat energy. A solar collector attached to a water storage tank and positioned on the top of a building makes up a standard solar water heater. Solar water heaters are a significant step toward living more sustainably.

The Solar Water Heater Market is segmented by thermal collector type, end-user type, and geography. By thermal collector type, the market is segmented into glazed (evacuated tube and flat plate) and unglazed. The end-user type includes residential and commercial, and industrial. The report also covers the market size and forecasts for the solar water heater market across the major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD Billion).

Thermal Collector Type Glazed Evacuated Tube
Flat Plate
Unglazed
End User Residential
Commercial and Industrial
Geography North America
Asia-Pacific
Europe
South America
Middle-East and Africa
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Solar Water Heater Market Research FAQs

What is the current Solar Water Heater Market size?

The Solar Water Heater Market is projected to register a CAGR of greater than 5.5% during the forecast period (2025-2030)

Who are the key players in Solar Water Heater Market?

Himin Solar Energy Group, V-Guard Industries Ltd, Ariston Thermo SpA, KODSAN Company and Solav Energy are the major companies operating in the Solar Water Heater Market.

Which is the fastest growing region in Solar Water Heater Market?

Middle-East and Africa is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Solar Water Heater Market?

In 2025, the Asia Pacific accounts for the largest market share in Solar Water Heater Market.

What years does this Solar Water Heater Market cover?

The report covers the Solar Water Heater Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Solar Water Heater Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Solar Water Heater Industry Report

Statistics for the 2025 Solar Water Heater market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Solar Water Heater analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.