London, 09 September 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Solar Water Heater Market 2014-2018, which is expected to grow at a CAGR of 16.4 percent during the forecast period of 2013-2018.
“The development of next-generation SWHs is one of the major trends in the Global SWH market. These types of water heaters use heat pipe technology in solar collectors, which acts as a high conductance thermal conductor,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
- Growing Demand from the APAC Region
- Increase in Availability of SWHs
- Increase in Government Support
- Growth in Residential Users
Key Market Trends
- Emerging Demand for Hybrid Water Heaters
- Development of Advanced SWHs
- Economic Benefits
Key Market Vendors
- EMMVEE Solar Systems
- Genersys
- Nuetech Solar Systems
- Phoenix Solar Systems
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
