Aug 28, 2017 SOURCE: BusinessWire

GCC Solar Water Heater Market 2017-2022: Expected to Reach a Volume of Around 7593 MWt by 2022 - Research and Markets

The "GCC Solar Water Heater Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022" report has been added to Research and Markets' offering.

The market reached a volume of 2774 MWt in 2016, growing at a CAGR of more than 32% during 2009-2016.

Solar water heater is a device which uses solar energy from the sun to heat water. It is generally installed on terrace or in open spaces where abundant sunlight is available. The water is then heated during the day and stored in an insulated tank. The heated water can be used for bathing, cleaning, space heating, industrial process, etc. In the GCC region, the market for solar water heater has been expanding as an increasing number of consumers have become aware about its advantages. Solar water heater is preferred over conventional water heater as it is cost-effective and reduces dependence over fossil fuels.

The market for solar water heater in the GCC region is being driven by a number of favorable factors. Solar water heater offers several long-term advantages over conventional water heater. It reduces electricity consumption, lowers carbon footprints, improves energy independence, etc. The governments in the region are also encouraging the use of solar water heater through building regulation and providing subsidies. According to the report, the market is further expected to reach a volume of around 7593 MWt by 2022.

The report has also analyzed the competitive landscape of the market with some of the key players being Ariston, Viessman and Ecotherm.

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Solar Water Heater Industry

6 GCC Solar Water Heater Industry

7 Saudi Arabia Solar Water Heater Industry

8 UAE Solar Water Heater Industry

9 Kuwait Solar Water Heater Industry

10 Oman Solar Water Heater Industry