Market Forecast by Regions and Countries (North America, Europe, LATAM, Middle East, Asia Pacific and Africa), By Technology (Evacuated Tube Collector, Flat Plate Collector, Unglazed Water Collector), By Application (Residential, Commercial, Industrial), By System (Thermosyphon, Pumped) And Competitive Landscape
Product Code: ETC13130600 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Solar Water Heater Market was valued at USD 3.5 Billion in 2024 and is expected to reach USD 5 Billion by 2031, growing at a compound annual growth rate of 5.20% during the forecast period (2025-2031).
Report Name | Global Solar Water Heater Market |
Forecast Period | 2025 - 2031 |
CAGR | 5.20% |
Market Size | USD 5 billion by 2031 |
Growing Sector | Renewable Energy |
The Global Solar Water Heater Market report thoroughly covers the market by Regions and Countries, by Technology, by Application, and by System. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Global Solar Water Heater Market is gaining strong momentum globally as energy prices rise and more people focus on sustainability. These systems are now seen as a practical and eco-friendly choice for heating water in homes and businesses. Growth is especially visible in fast-developing areas like Asia-Pacific and Latin America, where urban expansion and government incentives are driving demand. With ongoing improvements in hybrid systems and thermal technology, solar water heaters are becoming more efficient and dependable making them an increasingly vital part of the renewable energy landscape.
Global Solar Water Heater Market is expected to grow at a significant CAGR of 5.20% during the forecast period 2025-2031. The Global Solar Water Heater Market is gaining traction as energy prices rise and more people embrace sustainable lifestyles. Government support in the form of subsidies, tax breaks, and renewable energy policies is speeding up adoption, especially in Asia-Pacific, Europe, and Latin America. Growing urban populations and a shift toward energy-efficient homes are also driving demand. Global Solar Water Heater Market Growth is further boosted by innovations in solar thermal and hybrid technologies that are improving performance even in areas with less sunlight. Climate concerns and carbon reduction goals continue to push the shift toward cleaner, more affordable heating options.
While Global Solar Water Heater Market offer a greener, more cost-effective alternative to traditional systems, several challenges are holding back their full potential. One major hurdle is the high upfront cost, which can be discouraging for price-sensitive buyers, especially in developing countries. These systems also depend on steady sunlight, so performance may drop in colder or cloudier regions. In many places, people aren’t fully aware of the long-term savings solar heating offers. Limited access to skilled technicians and installation support adds to the difficulty. Moreover, rooftop space limitations in crowded urban areas and varying building regulations make widespread adoption more complex.
Increasing eco-consciousness and the push for renewable energy are driving global interest in Global Solar Water Heater Industry. Advancements in thermal technology and hybrid designs are increasing efficiency, while integration with smart home platforms is creating new opportunities for enhanced user control and energy management. Residential and commercial sectors are increasingly replacing traditional water heaters with solar alternatives. Furthermore, rising electricity prices and supportive policies in countries like India, China, and Germany are reinforcing market trends, especially in regions with high solar radiation potential.
There is rising investment potential in manufacturing energy-efficient solar thermal systems, particularly for residential and small-scale commercial use. High electricity costs and government support are making countries in Asia-Pacific, Latin America, and Africa attractive markets for solar water heaters. Advances in hybrid systems, thermal storage, and compact units are meeting the needs of diverse users. Infrastructure is improving too, thanks to funding and public-private initiatives aimed at promoting clean energy solutions.
Support from public-private collaborations and green energy programs is also expanding infrastructure.
Top companies such as A.O. Smith, Ariston Thermo, Viessmann, and Bosch Thermotechnology stay ahead by offering innovative, energy-efficient systems through broad networks. They’re also expanding in developing regions by adapting products to local weather and energy use. Smart controls, modular units, and compact designs are key areas of focus.
Governments worldwide are promoting the adoption of solar water heaters by offering tax incentives, rebates, and renewable energy mandates. Countries like China, India, and Brazil have introduced subsidy programs and building code requirements for incorporating solar water heating systems in new constructions. In the European Union, energy performance standards are encouraging the use of solar thermal technology in both residential and commercial buildings. Additionally, global efforts to achieve carbon neutrality are inspiring utilities and local governments to support the integration of solar energy.
Global Solar Water Heater Market are gaining ground as part of the broader push toward greener, cleaner energy. Better designs and new materials are making them more efficient and durable. Growth will be strongest in places with a lot of sun and government programs that support renewable energy. There’s also a trend toward blending solar water heating with solar PV and hybrid systems. As energy costs continue to rise, these heaters are expected to become a mainstream choice in urban and rural settings alike.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ritika Kalra, Senior Research Analyst, 6Wresearch, Asia dominates the Global Solar Water Heater Market due to high solar radiation levels, large populations, and strong government incentives. Countries like China and India lead in both production and adoption, with initiatives promoting renewable energy use in residential and commercial sectors. The region’s rapid urbanization and rising energy costs further boost demand for solar water heaters. In addition, public awareness campaigns and building code regulations mandating solar integration in new construction projects have solidified Asia's position as the top regional contributor.
The Evacuated Tube Collector segment holds the largest market share among technologies. These systems are more efficient in colder and cloudy climates, as their vacuum-sealed tubes minimize heat loss and maintain better thermal insulation. Their durability and ability to perform well under various environmental conditions make them a preferred choice in residential and commercial settings alike. Although flat plate and unglazed collectors are still widely used, the higher efficiency and adaptability of evacuated tube collectors keep them at the forefront of global adoption.
The Residential sector dominates application-wise, driven by growing demand for energy-efficient and cost-saving water heating solutions in homes. With rising electricity costs and a global push for sustainable living, homeowners are increasingly adopting solar water heating systems. Government incentives, tax rebates, and subsidies make residential installations more attractive and affordable. In regions like Asia-Pacific and parts of Europe, mandatory solar water heater installation in new housing developments is further boosting the residential segment's growth.
The Thermosyphon system leads the market due to its simple, cost-effective design and low maintenance requirements. It operates without pumps, relying on natural convection to circulate water, making it ideal for domestic use in sunny regions. These systems are especially popular in developing countries where affordability and energy independence are major factors. While pumped systems offer greater control and efficiency, particularly in large or complex buildings, thermosyphon systems dominate due to their widespread use in single-family homes and small-scale applications.
The market report provides a detailed analysis of the following market segments:
Global Solar Water Heater Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Solar Water Heater Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Solar Water Heater Market Revenues & Volume, 2021 & 2031F |
3.3 Global Solar Water Heater Market - Industry Life Cycle |
3.4 Global Solar Water Heater Market - Porter's Five Forces |
3.5 Global Solar Water Heater Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Solar Water Heater Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Global Solar Water Heater Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Solar Water Heater Market Revenues & Volume Share, By System, 2021 & 2031F |
4 Global Solar Water Heater Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Solar Water Heater Market Trends |
6 Global Solar Water Heater Market, 2021 - 2031 |
6.1 Global Solar Water Heater Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Solar Water Heater Market, Revenues & Volume, By Evacuated Tube Collector, 2021 - 2031 |
6.1.3 Global Solar Water Heater Market, Revenues & Volume, By Flat Plate Collector, 2021 - 2031 |
6.1.4 Global Solar Water Heater Market, Revenues & Volume, By Unglazed Water Collector, 2021 - 2031 |
6.2 Global Solar Water Heater Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Solar Water Heater Market, Revenues & Volume, By Residential, 2021 - 2031 |
6.2.3 Global Solar Water Heater Market, Revenues & Volume, By Commercial, 2021 - 2031 |
6.2.4 Global Solar Water Heater Market, Revenues & Volume, By Industrial, 2021 - 2031 |
6.3 Global Solar Water Heater Market, Revenues & Volume, By System, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Solar Water Heater Market, Revenues & Volume, By Thermosyphon, 2021 - 2031 |
6.3.3 Global Solar Water Heater Market, Revenues & Volume, By Pumped, 2021 - 2031 |
7 North America Solar Water Heater Market, Overview & Analysis |
7.1 North America Solar Water Heater Market Revenues & Volume, 2021 - 2031 |
7.2 North America Solar Water Heater Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Solar Water Heater Market, Revenues & Volume, By Technology, 2021 - 2031 |
7.4 North America Solar Water Heater Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Solar Water Heater Market, Revenues & Volume, By System, 2021 - 2031 |
8 Latin America (LATAM) Solar Water Heater Market, Overview & Analysis |
8.1 Latin America (LATAM) Solar Water Heater Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Solar Water Heater Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Solar Water Heater Market, Revenues & Volume, By Technology, 2021 - 2031 |
8.4 Latin America (LATAM) Solar Water Heater Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Solar Water Heater Market, Revenues & Volume, By System, 2021 - 2031 |
9 Asia Solar Water Heater Market, Overview & Analysis |
9.1 Asia Solar Water Heater Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Solar Water Heater Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Solar Water Heater Market, Revenues & Volume, By Technology, 2021 - 2031 |
9.4 Asia Solar Water Heater Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Solar Water Heater Market, Revenues & Volume, By System, 2021 - 2031 |
10 Africa Solar Water Heater Market, Overview & Analysis |
10.1 Africa Solar Water Heater Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Solar Water Heater Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Solar Water Heater Market, Revenues & Volume, By Technology, 2021 - 2031 |
10.4 Africa Solar Water Heater Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Solar Water Heater Market, Revenues & Volume, By System, 2021 - 2031 |
11 Europe Solar Water Heater Market, Overview & Analysis |
11.1 Europe Solar Water Heater Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Solar Water Heater Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Solar Water Heater Market, Revenues & Volume, By Technology, 2021 - 2031 |
11.4 Europe Solar Water Heater Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Solar Water Heater Market, Revenues & Volume, By System, 2021 - 2031 |
12 Middle East Solar Water Heater Market, Overview & Analysis |
12.1 Middle East Solar Water Heater Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Solar Water Heater Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Solar Water Heater Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Solar Water Heater Market, Revenues & Volume, By Technology, 2021 - 2031 |
12.4 Middle East Solar Water Heater Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Solar Water Heater Market, Revenues & Volume, By System, 2021 - 2031 |
13 Global Solar Water Heater Market Key Performance Indicators |
14 Global Solar Water Heater Market - Export/Import By Countries Assessment |
15 Global Solar Water Heater Market - Opportunity Assessment |
15.1 Global Solar Water Heater Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Solar Water Heater Market Opportunity Assessment, By Technology, 2021 & 2031F |
15.3 Global Solar Water Heater Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Solar Water Heater Market Opportunity Assessment, By System, 2021 & 2031F |
16 Global Solar Water Heater Market - Competitive Landscape |
16.1 Global Solar Water Heater Market Revenue Share, By Companies, 2024 |
16.2 Global Solar Water Heater Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |