Global Solar Water Heater Industry Scope and Market Report 2017-2021
Market Research Hub ( MRH ) has recently announced the addition of a fresh report , titled “ Global Solar Water Heater Market 2017-2021 ” to its report offerings . The report covers the present scenario and the growth prospects of the global solar water heater market for 2017-2021 . To calculate the market size , the report considers the revenue generated from the sales of solar water heaters . Technavios analysts forecast the global solar water heater market to grow at a CAGR of 6.78 % during the period 2017-2021 .
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A solar water heater comprises solar collectors and storage tanks . It uses sunlight to heat water and is generally installed on the roof of a building . Two types of solar water heaters are available in the market : active and passive . While the active type uses pumps to circulate water , the passive type does not require any pumps or control units to circulate water . Unlike other conventional water heaters , solar water heaters are cost-effective and reduce the dependence on fossil fuels .
The market is divided into the following segments based on geography :
� Americas � APAC � EMEA