Solar Water Heater Installation in the US Industry Market Research Report Now Available from IBISWorld

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. For these reasons, industry research firm IBISWorld has added a report on the Solar Water Heater Installation industry to its growing industry report collection.

Los Angeles, CA (PRWEB) January 06, 2013

Nearly 80.0% of Solar Water Heater Installation industry revenue comes from residential installations; therefore, the health of the residential housing market plays a large part in determining the fate of solar water heater installers. The solar water heater installation industry was hurt by a decline in the number of housing starts and falling renovation rates during the past five years, adds Samadi. The reduction in new homes resulted in fewer opportunities for solar water heaters to be installed in new construction projects and discouraged existing homeowners from investing in solar thermal upgrades. Extremely low barriers to entry make the industry a highly fragmented one, with a low level of concentration. IBISWorld estimates that the overwhelming majority of firms are independently owned and operate over small geographic areas. Solar water heater systems may be installed by a single person, meaning that nonemployer firms are able to compete effectively in the industry as well. Moving forward, the industry is expected to become even more fragmented as an increasing number of general construction firms enter the industry and learn the required skills to market and install solar water heater systems.

Through 2018, revenue growth is forecast to strengthen. Industry growth could be higher, but the regulatory policies that have been so favorable for the industry remain uncertain in light of an unresolved federal budgetary deficit. Still, the revival of the corporate sector is anticipated to create the most demand for solar thermal installations as corporate profit continues to recover from recessionary lows, technological advances continue to make solar water heaters more economical when compared with natural gas, and companies seek to present themselves as environmentally friendly. For more information, visit IBISWorlds Solar Water Heater Installation in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld

Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

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.

Industry Performance

Executive Summary

Continued here:
Solar Water Heater Installation in the US Industry Market Research Report Now Available from IBISWorld