Selbyville, DE -- (SBWIRE) -- 11/29/2018 -- MarketStudyReport.com offers 2018 report on Global Solar Water Heater market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2024.

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Rising concern to maintain fossil fuel sustainability along with stringent government norms to reduce carbon emissions will stimulate the solar water heater market growth. Introduction of several targets to reduce carbon emissions and encourage the development of renewable energy will further complement the industry growth. In 2016, the government of UK sets target to reduce carbon emissions up to 57% by 2030 from 1990 levels.

Industry giants across solar water heater market include Wagner, Bosch, Alternate Energy Technologies, V Guard Industries, Himin Solar Energy, SunTank, Viessmann, EMMVEE, Rinnai, Chromagen, Linuo Ritter, A.O. Smith, Rheem, Racold and Bradford White.

China solar water heater market is predicted to exceed 45GWth by 2024. Introduction of green building regulations and standards to curb greenhouse gas emissions will positively impact the business landscape. Technological innovation in evacuated tube collector design to reduce the cost and improve efficiency of solar thermal system will further boost the product demand.

Thermosyphon solar water heater market is predicted to witness strong growth owing to its wide application across commercial and residential buildings. Cost effectiveness, ease of installation and simple design are some of the primary benefits which will boost the product penetration.

Favorable measures to encourage the deployment of solar energy along with strict government regulations to reduce greenhouse gas emissions will propel the U.S. solar water heater market share. Under the Obama administration, the country set target to reduce GHG emissions up to 28% by 2025 from 2005 level. Positive outlook towards housing sector will further complement the business growth.

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Italy in 2016, accounted for over 5% of the Europe solar water heater market share. Introduction of building code with an aim to reduce the overall emissions will further boost the product demand. In March 2011, the government of Italy introduced law number 28 according to which all new building and buildings that are under construction have been required to fulfil up to 50% of hot water demand with renewable energies since June 2012.

Revamp of social housing program for lower income families will drive the Brazil solar water heater market. In August 2016, the United Nation relaunched the Minha Casa, Minha Vida, a social housing program for lower income group which mandated installation of SWH in new buildings.

Complete report for 2018-2024 on Solar Water Heater market is now available at https://www.marketstudyreport.com/reports/solar-water-heater-market

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Global Europe Air Source Heat Pump Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2024

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