Solar Water Heater Installation - Industry Market Research Report

Solar Water Heater Installation - Industry Market Research Report

  • August 2020 •
  • 41 pages •
  • Report ID: 5103940 •
  • Format: PDF
Heating up: Residential and commercial demand will likely rise with increasing housing starts and corporate profit

Abstract

Solar Water Heater Installation
Industry operators install solar water heater systems as part of general residential and commercial contracting services. Over the five years to 2019, industry operators have benefited from broad economic growth as well as improved consumer attitudes toward solar technology. During the period, an assortment of both federal and state solar investment tax credits (ITCs), which subsidize the cost of solar water heater installations, have increased the affordability of installation for consumers. Over the five years to 2024, industry revenue is expected to continue increasing. However, the regulatory policies that have been so favorable for the industry remain uncertain in light of an unresolved federal budgetary deficit. Still, technological advances are expected to continue making solar water heaters more economical as compared with natural gas, and companies are expected to take advantage of the opportunity to present themselves as environmentally friendly.

Operators in this industry install solar water heater systems as part of general residential and commercial contracting services. These operators are contracted either directly by the customer or by solar marketing companies that arrange a buyer for solar thermal systems and contract an industry operator to carry out the work.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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