According to a new report published by Transparency Market Research, the solar water heaters market will record significant growth owing to the scarcity and high prices of other energy sources. The report titled, “Solar Water Heaters Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026,” anticipates the global market to grow remarkably during the forecast period.
Solar water heaters prove to be advantageous as they heat water only on the basis of solar radiations without the requirement of any other fuel. Use of solar energy saves a lot of non-renewable energy required for heating water. In terms of product, the solar water heaters market is segmented into flat plate collectors-based and evacuated tube collectors-based. Flat plate collectors-based solar water heaters have a metallic construction and a longer life as compared to the evacuated tube collector-based heaters. Evacuated tube collectors are made up of glass and are fragile in nature. Therefore, utmost care needs to be taken while handling evacuated tube collectors.
Evacuated tube collector-based heaters are cheaper than flat plate collector-based heaters and perform better in colder regions. Moreover, with evacuated tube collector-based heaters there are fewer chances of freezing at sub-zero temperatures. In flat plate collector-based solar water heaters, the chances of freezing at sub-zero temperatures can be negated with appropriate measures, change in construction, and an addition to the overall cost of the solar water heating systems.
Currently, the evacuated tube collectors are used more, especially in areas with low temperatures, owing to their low cost and several advantages. The evacuated tube collectors-based solar heaters market is likely to expand at a rapid pace in the near future.
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