Heating up: Industry demand will grow in line with rising housing starts and corporate profit

IBISWorld’s Solar Water Heater Installation market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.


Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Annual Growth
Annual Growth

Industry Threats & Opportunities

  • The increase in new homes resulted in more opportunities for solar water heaters to be installed
  • The expected increase in domestic prices may encourage consumers to upgrade their water heating system
  • The industry will grow due to continued government subsidies for solar upgrades

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    Industry Analysis & Industry Trends

    The Solar Water Heater Installation industry had an erratic past five years. The industry's saving grace was an assortment of both federal and state solar investment tax credits (ITCs), which subsidized the cost of solar water heater installations. However, demand was hurt by a collapsing real estate market and the economic recession. Over the next five years, revenue growth is forecast to strengthen as corporate profit recovers from recessionary lows and technological advances continue to make solar water heaters more economical than natural gas. Nonetheless, regulatory policies that have been so favorable for the industry remain uncertain in light of an unresolved federal budgetary deficit, straining revenue growth...

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    Industry Report - Industry Locations Chapter

    Business locations in the industry are most closely aligned with geographic areas that have the highest level of demand for solar water heaters. These areas generally receive a high amount of sunlight and have favorable state incentives. Areas with higher levels of per capita disposable income also typically contribute a higher level of demand for solar water heaters. IBISWorld estimates for business locations are based off of installed megawatts of solar energy data provided by the Solar Energy Industry Association.

    The West region has the highest concentration of industry establishments in line with the region's favorable incentives and year-round sunny climate. Cal..

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    Additional Insights for the Solar Water Heater Installation Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Solar Water Heater Installation Industry are

  • Having a good reputation
  • Ability to allocate service to area of greatest need
  • Ability to compete on tender
  • IBISWorld analysts also discuss how external factors such as Government assistance and Corporate profit in the Solar Water Heater Installation industry impact industry performance..

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    Industry Products

    What is the Solar Water Heater Installation Industry?

    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.

    Industry Products
    Direct solar water heater system installation
    Passive solar water heater system installation
    Closed-loop solar water heater system installation
    Industry Activities
    Installing solar water heater systems
    Installing solar thermal panels

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Government assistance
  • Corporate profit
  • Price of natural gas
  • Housing starts
  • Private spending on home improvements

  • Current Performance
  • Energy prices
  • Tax credits drive growth
  • Downstream demand powers the industry
  • Operating conditions
  • Chart: Revenue Growth

  • Industry Outlook
  • Government aid will remain a factor
  • Natural gas prices will begin rising
  • Residential and commercial demand
  • Industry profit and structure
  • Table: Solar Water Heater Installation Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Solar Water Heater Installation Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Hospitals
  • Hotels & Motels
  • Laundromats
  • Consumers

  • Key Selling Industries
  • Solar Panel Manufacturing

  • Products & Services
  • Closed-loop solar water heater system installation
  • Passive solar water heater system installation
  • Direct solar water heater system installation
  • Chart: Solar Water Heater Installation Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential installation
  • Commercial installation
  • Chart: Major Market Segmentation for the Solar Water Heater Installation Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Additional expenses
  • Chart: Cost Structure Benchmarking – Sector vs Solar Water Heater Installation

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Solar Water Heater Installation Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Solar Water Heater Installation Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Solar Water Heater Installation Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • World price of natural gas (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Differential Controller
  • A switch that measures the temperature at the solar collector and compares it with the temperature in the storage tank. When the solar collector is warmer than the tank, the pump is turned on.
  • Solar Collector
  • Devices that capture the sun's energy to produce heat.
  • Solar Thermal
  • Solar thermal energy (STE) is a technology for harnessing solar energy for thermal energy (heat).
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Solar Water Heater Installation:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Solar Water Heater Installation market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Solar Water Heater Installation, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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