| Product Code: ETC4797950 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of solar water heaters to Sweden in 2024 saw a notable shift in concentration levels, moving from moderate to low concentration according to the Herfindahl-Hirschman Index (HHI). Despite a negative Compound Annual Growth Rate (CAGR) of -2.82% from 2020 to 2024, the market experienced a significant decrease in growth rate from 2023 to 2024 at -65.89%. Top exporting countries such as Germany, Poland, Netherlands, UK, and Finland remained key players in supplying solar water heaters to Sweden, indicating a competitive market landscape with potential for further market diversification.
The solar water heater market in Sweden is growing, driven by the countrys commitment to renewable energy and sustainability. Solar water heaters provide an eco-friendly solution for residential and commercial water heating, reducing reliance on fossil fuels. Swedens government incentives and focus on energy-efficient technologies support the adoption of solar water heaters.
The solar water heater market in Sweden is driven by the increasing focus on renewable energy sources and sustainability. As consumers seek to reduce energy consumption and lower utility costs, solar water heaters offer an eco-friendly solution for domestic hot water needs. The growing awareness of environmental issues and government incentives for renewable energy adoption further propel market growth. Additionally, advancements in solar technology that improve efficiency and reliability contribute to the overall expansion of the solar water heater market.
The solar water heater market encounters challenges related to fluctuating demand and competition from alternative heating solutions. As energy prices and consumer preferences fluctuate, manufacturers must adapt their offerings to meet changing market dynamics. Additionally, competition from electric and gas heating solutions poses a significant challenge, requiring continuous innovation to improve product efficiency and performance. Regulatory compliance concerning energy efficiency standards and environmental regulations adds complexity to market operations, necessitating ongoing investment in sustainable technologies.
In Sweden, the solar water heater market is significantly influenced by government policies promoting renewable energy adoption and energy efficiency. The Swedish government supports incentives and subsidies for the installation of solar water heating systems, driving market growth. Regulations aimed at improving energy performance standards for residential and commercial buildings enhance demand for solar solutions. Additionally, government initiatives supporting research and development in solar technologies contribute to advancements in the solar water heater market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Sweden Solar Water Heater Market Overview |
3.1 Sweden Country Macro Economic Indicators |
3.2 Sweden Solar Water Heater Market Revenues & Volume, 2021 & 2031F |
3.3 Sweden Solar Water Heater Market - Industry Life Cycle |
3.4 Sweden Solar Water Heater Market - Porter's Five Forces |
3.5 Sweden Solar Water Heater Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Sweden Solar Water Heater Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Sweden Solar Water Heater Market Revenues & Volume Share, By System, 2021 & 2031F |
4 Sweden Solar Water Heater Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government incentives and subsidies for renewable energy adoption |
4.2.2 Increasing awareness and concern for environmental sustainability |
4.2.3 Rising energy costs leading to the demand for energy-efficient solutions |
4.3 Market Restraints |
4.3.1 High initial installation costs of solar water heaters |
4.3.2 Dependence on weather conditions for optimal performance |
4.3.3 Limited availability of suitable installation locations in urban areas |
5 Sweden Solar Water Heater Market Trends |
6 Sweden Solar Water Heater Market Segmentations |
6.1 Sweden Solar Water Heater Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Sweden Solar Water Heater Market Revenues & Volume, By Evacuated Tube Collector, 2021-2031F |
6.1.3 Sweden Solar Water Heater Market Revenues & Volume, By Flat Plate Collector, 2021-2031F |
6.1.4 Sweden Solar Water Heater Market Revenues & Volume, By Unglazed Water Collector, 2021-2031F |
6.2 Sweden Solar Water Heater Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Sweden Solar Water Heater Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Sweden Solar Water Heater Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 Sweden Solar Water Heater Market Revenues & Volume, By Industrial, 2021-2031F |
6.3 Sweden Solar Water Heater Market, By System |
6.3.1 Overview and Analysis |
6.3.2 Sweden Solar Water Heater Market Revenues & Volume, By Thermosyphon, 2021-2031F |
6.3.3 Sweden Solar Water Heater Market Revenues & Volume, By Pumped, 2021-2031F |
7 Sweden Solar Water Heater Market Import-Export Trade Statistics |
7.1 Sweden Solar Water Heater Market Export to Major Countries |
7.2 Sweden Solar Water Heater Market Imports from Major Countries |
8 Sweden Solar Water Heater Market Key Performance Indicators |
8.1 Average annual sunlight hours in Sweden |
8.2 Number of new residential and commercial construction projects incorporating solar water heaters |
8.3 Percentage growth in the adoption of solar water heating systems in Sweden |
9 Sweden Solar Water Heater Market - Opportunity Assessment |
9.1 Sweden Solar Water Heater Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Sweden Solar Water Heater Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Sweden Solar Water Heater Market Opportunity Assessment, By System, 2021 & 2031F |
10 Sweden Solar Water Heater Market - Competitive Landscape |
10.1 Sweden Solar Water Heater Market Revenue Share, By Companies, 2024 |
10.2 Sweden Solar Water Heater Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |