Is there a problem with this press release? It accounts for the largest share in the solar water heaters market by volume as well as revenue. Europe dominates the global Solar District Heating market value in 2019 and is estimated to dominate the market by the end of the forecast period.
More than 50 Years! It also aims to implement several technical and financial plans to protect consumers against substandard products that can be potentially dangerous to use. • Therefore, with the increase in the demand for renewable energy and government support, glazed solar water heater demand is expected to increase substantially. Most of the unglazed solar water heaters are used in North America. Increasing commercial floor space across the region will augment the requirement of an effective heating technologies, which in turn will boost the solar DH demand positively. The credit limit has been ascertained at 30% of the production cost and the program validity is up till 2022. Solar Water Heater Market - Growth, Trends, and Forecast (2020 - 2025), Residential Solar Energy Market - Growth, Trends, and Forecast (2020-2025), Thermal Energy Storage Market - Growth, Trends, and Forecast (2020 - 2025), Heat Pumps Market - Growth, Trends, and Forecast (2020 - 2025), The glazed solar water heater is expected to dominate the market. The U.S. federal government has introduced a corporate tax credit system for the effective adoption of solar products, including space heat, thermal electric, water heater, photovoltaic, and thermal process heat. Pumped systems have witnessed large-scale adoption in Europe and North America, chiefly due to the effective functioning of these systems, coupled with adaptability to frigid weather conditions in countries. These systems are installed as a built-in block in order to provide sustainable heating solutions to hotels, multistory buildings, industries and data centers. The solar water heater market is expected to grow at a CAGR of more than 5.1% over the period of 2020-2025. Copyright © 2020 Grand View Research, Inc. All rights reserved. Demand for efficient water heaters is expected to witness rapid growth every year, along with increasing measures to control energy consumption owing to the fast depletion of non-renewable resources. Privacy Notice and
For the purpose of this study, Grand View Research has segmented the global solar water heaters market report on the basis of technology, application, system, and region. MARKET OPPORTUNITIES AND FUTURE TRENDS. Furthermore, technological advancement pertaining to product design & development along with high potential of solar energy for heat generation are some of the key factors that will stimulate the product demand growth across the region. High growth rate, coupled with positive economic performance, is predicted to propel China over the next decade, as large investments in research and development are expected to augment growth. This website is secure and your personal details are safe. Copyright © 2020 MarketWatch, Inc. All rights reserved. She has $140,000 in student loans — and just asked for my ‘blessing’ to work part time, Why stock-market investors are starting to freak out about the 2020 election, ‘Vote him out!’ President Trump booed during visit to RBG’s casket, 3 ways to de-risk your portfolio in volatile times, Americans’ love affair with pickup trucks might be derailing their retirement plans. Solar heat -- one of the top three renewable sources driving climate protection. • Glazed Solar Water Heater is expected to dominate the segment during the forecast period. Growing demand for eco-friendly, dependable, and affordable technologies to heat water, especially in residential and industrial sectors, is anticipated to drive industry growth. In terms of volume, flat plate collector (FPC) is expected to reach 863.6 thousand units by 2025. • As systems are to be replaced and account for a significant part of gross additions, cumulative global operating capacity increased by just 1.4% (6.5 Gigawatt-hour (GWh)) in 2018, reaching an estimated 480 GWh at the end of the 2018. High energy efficiency, low carbon emission, economical cost and long service life are some of the prominent features that will fuel the North America solar district heating market. Our support available to help you 24 hours a day, five days a week. This is primarily owing to affordable pricing and convenient installation and usage of the product. The country is introducing extensive changes to its energy policy and shifting its dependence from fossil fuels to renewable fuels in a bid to curb pollution and maintain ecological balance. By application, the market can be segregated into residential, commercial, and industrial.
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