Conditions were volatile for the industry in the past five years as the housing market collapsed, but solar water heater installers were spared from severe declines due to an assortment of both federal and state solar investment tax credits, which subsidized the cost of solar water heater installations. In the next five years, revenue growth is forecast to strengthen on the back of rising corporate profit, booming housing starts and technological advances that will make solar water heaters more economical.
Firms in this industry install solar water heater systems as part of general residential and commercial contracting services. These firms are contracted either directly by the customer or by solar marketing firms that arrange a buyer for solar thermal systems and contract an industry firm to carry out the work.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.