A Greener Future: Solar-Powered Storage Water Heaters on the Rise According to Stratview Research, the Global Storage Water Heater Market was estimated to grow from USD 18.2 billion in 2021 to USD 24.4 billion by 2028 at a CAGR of over 4.22% during the forecast period of 2022-2028. A storage water heater is a type of domestic water heating appliance that uses a hot water storage tank to maximise water heating capacity and provide instantaneous hot water delivery.

A Greener Future: Solar-Powered Storage Water Heaters on the Rise According to Stratview Research, the Global Storage Water Heater Market was estimated to grow from USD 18.2 billion in 2021 to USD 24.4 billion by 2028 at a CAGR of over 4.22% during the forecast period of 2022-2028. A storage water heater is a type of domestic water heating appliance that uses a hot water storage tank to maximise water heating capacity and provide instantaneous hot water delivery.