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Different green energy technologies such as wind, solar, and hydro, among others, have observed a substantial pace in adoption over the years. Solar power is one of the leading techniques in terms of installation owing to significant investments by regional governments and key industry participants. Additionally, the ease of deployment of this energy generation method, coupled with the development of advanced systems for integration into various applications such as buildings, swimming pools, cars, and many more have propelled the solar pool heating mat market.
Renewable water heating systems are increasingly being adopted to replace the heat and gas pump heater units owing to their low carbon discharges coupled with considerably lower yearly operation costs. Solar mats are a blanket like units that are widely used to raise the pool temperatures in an environment-friendly manner by absorbing sun rays. Furthermore, it is also designed in different shapes and sizes to cater to the specific requirement of pools with various orientations and deliver efficient warming.
Based on the application, this industry can be majorly divided into residential, commercial, and others. The residential solar pool heating mat market is projected to account for a significant share over the forecast timeframe owing to the growing construction of in-house pools coupled with the portability and easy functioning of the products. Furthermore, the commercial segment is also set to perceive considerable growth due to the fact that the products help to retain heat and raise the water temperature quickly with low operations & maintenance costs.
Increasing construction of new public & private establishments with advanced interior amenities owing to the rapid movement of population to urban areas is likely to propel the solar pool heating mat market size. Additionally, a significant drop in temperatures across various regions is set to huge generator demand for innovative methods to perform daily routine tasks without consuming much electricity along with mitigating carbon discharges. Solar mats generate no greenhouse gases and are flexible in operations to enable users with friendly operations.
However, inadequate awareness among different consumers, especially across the rural areas, may hamper the growth of the global solar pool heating mat industry. For instance, the standard of living of citizens across distant places does not necessarily include comfortable features such as hot tubs and swimming pools, leading to an erratic situation for solar heating.
Key Market Driver -
Rapid urbanization across the nations along with increasing adoption of clean energy alternatives
Key Market Restraint -
Limited awareness among the customers
The solar pool heating mat market is still in the nascent stage of adoption and includes different players primarily catering to the demand at national and regional levels. Some of the major participants operating across the industry are Changzhou Forte Power Machinery Co., Ltd., Intex Recreation Corp., Lowenergie, BlueWave Solar, In The Swim, Sun2Solar, Midwest Canvas Corp, and Shanghai Libang Solar Water Heater Co., Ltd.
The global solar pool heating mat market is divided into Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. North America is projected to hold significant share over the forecast period owing to the significant adoption of new technologies coupled with a large presence of cold territories. Furthermore, Europe is also set to observe substantial growth due to favorable solar deployment targets introduced by regional governments along with supportive regulations for restricting harmful discharges. Additionally, energy demand has observed a steep increase from residential sectors across the Asia Pacific nations owing to the accelerated population shift to urban locations, thereby supporting the expansion of the industry.
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