The IMARC Group provides extensive analysis of the GCC Solar Water Heater industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on GCC Solar Water Heater Market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.
Informed covered in the report:
- Historical market data from 2016-2021
- CAGR of the market during the forecast period 2022-2027
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the Keyword market size and its contribution to the parent market
- Upcoming market trends and changes in consumer behavior
- A thorough analysis of the market’s competitive landscape and detailed information on key players
- Comprehensive details of factors that will challenge the growth of smart meters market key players
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Solar water heaters work all year round and provide a sustainable and cost-effective means of heating water for commercial, residential and industrial uses. In addition, they help in minimizing carbon emissions and improving the energy security of a region by reducing the pressure on the power systems. The GCC region receives an average of 6kWh/m2 solar radiation daily with 80-90% clear skies throughout the year. As a result, the region has ample opportunities for the implementation of solar water heaters as a solution for reducing dependence on gas and electricity.
Market Trends:
The GCC nations have implemented certain strategic goals for increasing the share of renewable energy (RE) in their total energy production. As mentioned earlier, the region receives high levels of solar radiation, owing to which solar energy has been identified as the preferred choice for fulfilling these goals. For instance, the government of Saudi Arabia has implemented policies and regulations to promote small and medium scale solar projects, such as installing solar water heaters in the cities. Moreover, the Solar Heating Arab Mark and Certification Initiative (SHAMCI), a quality certification scheme by RCREEE, focuses on improving and expanding the solar water heater market by offering better quality products in the Arab region. However, the low electricity rates in the GCC nations have been limiting the uptake of solar water heaters.
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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The statistical surveying report on the global Solar Water Heater Market has been presented by using professional or expert knowledge through standard and modified research approaches and forecasts.
The yearly forecast and predication for the years 2020 to 2025 have been enclosed by the report along with comprehensive analysis for all market segments and regions.
The statistical data derived from authentic resources and assisted by industry experts.
It likewise assesses the market by evaluating market elements, including drivers, restraints, opportunities, threats, challenges, growth prospects, and other market elements.The global solar water heater market report presents a complete research-based study of the industry including details such as company shares, forecast data, in-depth analysis and an outlook of the market on a worldwide platform.
The report further highlights the market drivers, restraints and the top manufacturers at the global and regional levels.
For a thorough understanding, the report also offers market segmentation and regional analysis for the forecast period from 2020 to 2025.Get FREE Sample Report Copy @ https://www.decisiondatabases.com/contact/download-sample-42207According to this study, over the next five years, the Solar Water Heater market will register a 9.1% CAGR in terms of revenue, the global market size will reach US$ 11 million by 2024, from US$ 8 million in 2020.
In addition, the several backings from United Nations (UN) and government to emerging economies are driving the worldwide market for the solar water heater.The proficiency level of thesolar water heater shifts from a climatic area to another climatic area in view of the power of daylight.
A tankless water heater provides space-sparing advantages and is exceedingly proficient.Request For Report Sample: https://www.researchreportinsights.com/report/upsample/120124682/Solar-Water-Heater-Market Various Government Schemes and Programs to Boost the Solar Water Heater MarketGovernments in various nations are likewise boosting the utilization of natural resources of energy, hence fuelling the requirement for solar water heaters.
With innovations going in the industry will offer the bunch of products that will be able to cater to the needs of the customers.
Energy effective hybrid water heaters are additionally being produced on a vast scale by makers.Smart water heaters are likewise picking up status in the worldwide market for water heaters.
The electric water heaters are the leading market since it goes with lower maintenance and low ownership cost, thus it moreover dominates the global market in the approaching years.
Technological innovation in voided tube collector figure is expected to diminish the cost as well as enhance the effectiveness of the solar thermal system would additionally further the demand for the product.Request Report For Toc: https://www.researchreportinsights.com/report/TOC/120124682/Solar-Water-Heater-Market Refurbish of social housing schemes for lower income groups is indicated to fuel the Brazil market for the solar water heater.
