LOS ANGELES, Feb. 28, 2019 (GLOBE NEWSWIRE) -- QY Research has come up with a detailed market research report that provides accurate estimations related to the global solar water heater market on the basis of different factors. Bearing the title “Global Solar Water Heather Market Analysis Report, 2014-2025,” the report offers comprehensive analysis of the competitive landscape and unveils hidden opportunities for players to cash in on.
As per the analysis provided in the report, the global Solar Water Heater market is foreseen to post a robust CAGR of 8.8% during the forecast period 2019-2025. By the end of 2025, the global market revenue is anticipated to touch more than 10.0 Mn, improving from that of over 5.0 Mn reached in 2018.
Stringent Government Regulations against Greenhouse Gas Emissions to Stoke Demand
Growing demand for energy-efficient water heaters, rising size of the global population, and increasing energy prices are prophesied to set the tone for significant growth of the global solar water heater market. The adoption of solar water heater is foretold to increase due to the implementation of tight government regulations to reduce greenhouse gas emissions.
On the other hand, the swelling demand for water heating systems is predicted to push the growth of the global market. However, lack of consumer awareness and high upfront costs are anticipated to hamper the global market growth.
Chile to Take Advantage of Availability of Rich Natural Resources to Increase Market Growth
The report covers Japan, China, Europe, and North America to provide a study on the regional growth of the global solar water heater market.
The Chile market is envisaged to bank on a number of environment development advantages such as abundant availability of natural resources. North Chile is rich in solar energy as it is exposed to plenty of sunlight. Increasing demand for electricity due to the improvement of living standards and continued economic development is also prognosticated to bode well for the Chile market. Another factor that could push the growth of the Chile market is the high demand for power to meet daily production needs.
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SunPower Expected to Report Q4 2018 Revenue between $460 Mn and $510 Mn
SunPower, a key player of the global solar water heater market, will soon report its fourth quarter and full year 2018 financial results. On a GAAP basis, the company expects its revenue for the fiscal year 2018 to stay between $1.7 Bn and $1.8 Bn. Its SunPower Solution business witnessed some project delays, because of which there is reduction in guidance.
According to the GAAP guidance for the fourth quarter, the company anticipates a net loss of somewhere between $135 Mn and $165 Mn. It also projects a gross margin of 2-4% and its revenue to stay within the range of $460 Mn to $510 Mn for the same quarter.
Global Solar Water Heater Market: Key Players
Readers are provided with deep company profiling of leading players, viz. SunPower, HITEK, Sole S.A., Jiaxing Jinyi, Sunrain, Himin Solar Energy, Helioakmi S.A., Sangle Solar, and Rheem. Among these, Rheem collects a lion’s share of the global solar water heater market. In Chile, Sole S.A., Helioakmi, and Rheem are more prominent. Chinese companies with lower production costs also secure a substantial share of the global market.
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