Australia
solar water heater market is expected to grow at a substantial CAGR through
2025 on account of the increasing awareness among people regarding the
judicious use of natural resources such as sunlight, etc., for water heating
purposes with the motive of saving energy and reducing carbon footprint.
Another factor that can be held responsible for driving the market growth in
the region is the increasing government initiatives for promotion and adoption
of solar water heaters instead of electrical water heaters, for instance,
introduction of the Renewable Energy Target (RET) scheme to create financial
incentives for small-scale businesses and households for the installation of
solar water heaters and other solar power based products. Consistent
technological advancement in conjunction with robust urbanization are further expected
to propel the growth of the market through 2025.
The market for Australia solar water
heater can be segmented based on technology, collector type, end use, company,
and region. Based on technology, the market is bifurcated into active solar
water heating system and passive solar water heating system. Active solar water
heaters are the ones that consist of circulating pumps and controls while the
same is absent from passive ones. Among these two, active solar heater water
systems segment is expected to dominate the market until 2025 owing to the less
heat loss and easy integration of the systems.
Based on regional analysis, the market is
segregated into New South Wales, Victoria, Queensland, Tasmania, Northern Territory.
Victoria region held the lion’s share in the Australia solar water heater
market comprising of approximately 27000 installations in 2019 which can be ascribed
to rapid urbanization and presence of several companies in the state. And,
Queensland stood at the second position with 11800 installations.
Major players operating in Australia solar water heater market include Rheem
Manufacturing Co Proprietary Ltd., Viessmann Australia, V-Guard Industries, Racold,
Suntanks, Chromagen Australia Pty Ltd, Himin Solar Co.,Ltd, Bosch
Thermotechnology, Rinnai Australia Pty. Ltd., Linuo Ritter International, etc. To
enhance and grow their business in the power industry, the leading companies are
introducing various innovative products, widening their networks, services and
spreading their distribution channel to various countries with lucrative market
potential.
Years
considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective
of the Study:
- To analyze and estimate the
market size of Australia solar water heater market from 2015 to 2018.
- To estimate and forecast the
market size of Australia solar water heater market from 2019 to 2025 and
growth rate until 2025.
- To classify and forecast Australia
solar water heater market based on technology,
collector type, end use, company and region.
- To identify dominant region
or segment in the Australia solar water heater market.
- To identify drivers and
challenges for Australia solar water heater market.
- To examine competitive
developments such as expansions, new product launches, mergers &
acquisitions, etc., in Australia solar water heater market.
- To conduct pricing analysis
for Australia solar water heater market.
- To identify and analyze the
profile of leading players operating in Australia solar water heater market.
- To identify key sustainable
strategies adopted by market players in Australia solar water heater market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers across Australia. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research could include the manufacturers which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players
across the country.
TechSci
Research calculated the market size of Australia solar water heater market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Solar water heater manufacturers,
suppliers and other stakeholders
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
solar water heater
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
end users, etc., besides allowing them in strategizing investments and
capitalizing on market opportunities.
Report Scope:
In this report, Australia solar water
heater market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- Australia Solar Water Heater Market, By Technology:
- Active
Solar Water Heating System
- Passive
Solar Water Heating System
- Australia Solar Water Heater Market, By Collector Type:
- Flat-Plate
Solar Collector
- Evacuated-Tube
Solar Collector
- Australia Solar Water Heater Market, By End Use:
- Residential
- Commercial
- Industrial
- Australia Solar Water Heater Market,
By Region:
o New South Wales
o Victoria
o Queensland
o Tasmania
o Northern Territory
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Australia solar water heater market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Australia Solar Water Heater market is
an upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]