How big is the Solar Water Heater Market | Industry Trends & Forecast 2025

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Code: MTA9095

Publication Date: Sep 2025

How Big is the Solar Water Heater Market?

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).

The growth is driven by higher demands for affordable and sustainable water heating solutions, higher uptake in commercial and residential settings, and government efforts to promote heating system uptake based on renewables.

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Key Growth Drivers of the Solar Water Heater Market

An increasing awareness of energy savings with renewable heating solutions.
Common subsidies and incentives by governments to support the upfront costs of installation of solar water heaters.
A surge in demand from residential complexes, hotels, and hospitals.
Lowering the costs of solar collectors and storage systems.
Improved efficiencies from recent advancements in evacuated tube and flat plate technologies.

Solar Water Heater Market Trends

The trends identified in the Solar Water Heater Market include increased adoption in urban housing initiatives and commercial buildings aware of their energy costs. Evacuated tube collectors are also being adopted at higher success rates than in past years due to their stronger thermal efficiency across more climate zones.

Another emerging trend in the Solar Water Heater market includes advancements with improved insulation and hybrid systems with automated controls to take full advantage of renewable resources. Manufacturers are also increasing their focus on durability and supply-chain to encourage mass-adoption of their products.

Emerging Developments in the Solar Water Heater Market

The Solar Water Heater Market developments are centered on hybrid solutions combining solar with auxiliary heating for continuous supply. Companies are also investing in compact designs suitable for space-constrained urban applications.Â Further developments in the Solar Water Heater Market include financing options and rental models to improve affordability. Digital monitoring solutions and smart controls are being introduced to enhance user convenience and system reliability.