The global PV Water Heater market size is predicted to grow from US$ 986 million in 2025 to US$ 1618 million in 2031; it is expected to grow at a CAGR of 8.6% from 2025 to 2031.

A PV water heater, or photovoltaic water heater, is a type of solar water heating system that utilizes photovoltaic (PV) panels to generate electricity, which is then used to heat water for domestic or industrial purposes. This technology combines two renewable energy technologies: photovoltaic cells for electricity generation and solar thermal collectors for water heating.

Renewable Energy Adoption: The growing focus on renewable energy sources, including solar power, has led to an increased interest in PV water heaters. Consumers and businesses are looking for ways to reduce their reliance on fossil fuels and lower their carbon footprint.

Energy Efficiency Regulations: Energy efficiency standards and regulations in various regions have driven the adoption of solar water heating systems, including those with PV integration. These regulations often incentivize the use of renewable energy for water heating.

Technological Advancements: Ongoing advancements in both photovoltaic technology and solar thermal technology have led to more efficient and cost-effective PV water heaters. Improved materials and designs have increased the overall performance of these systems.

Energy Cost Savings: The potential for reduced energy costs is a significant driver for the adoption of PV water heaters. Consumers are increasingly looking for ways to save on utility bills, and solar water heating can be a cost-effective solution over the long term.

Government Incentives: Many governments offer incentives, tax credits, and rebates to encourage the installation of solar energy systems, including PV water heaters. These incentives can make such systems more financially attractive.

Infinity Market Research newest research report, the ?PV Water Heater Industry Forecast? looks at past sales and reviews total world PV Water Heater sales in 2024, providing a comprehensive analysis by region and market sector of projected PV Water Heater sales for 2025 through 2031. With PV Water Heater sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world PV Water Heater industry.

This Insight Report provides a comprehensive analysis of the global PV Water Heater landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on PV Water Heater portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms? unique position in an accelerating global PV Water Heater market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for PV Water Heater and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global PV Water Heater.

This report presents a comprehensive overview, market shares, and growth opportunities of PV Water Heater market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

    Pressurized PV Water Heater
    Non Pressure PV Water Heater

Segmentation by Application:

    Residential Use
    Commercial Use

This report also splits the market by region:

    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the companys coverage, product portfolio, its market penetration.

    Rheem
    Sangle Solar
    Helioakmi S.A.
    Himin Solar Energy
    Sunrain
    Jiaxing Jinyi
    Sole S.A.
    HITEK
    Sunpower Solar
    Nexol
    Thermo Dynamics
    SunEarth
    ESW
    Kwikot
    Fronius International
    Ningbo Deye Technology

Key Questions Addressed in this Report

What is the 10-year outlook for the global PV Water Heater market?
What factors are driving PV Water Heater market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do PV Water Heater market opportunities vary by end market size?
How does PV Water Heater break out by Type, by Application?