PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Target of 1 Million Installations to Set the South African Solar Water Heater Market on Path of Scorching Growth Finds Frost & Sullivan  - Market to Surge to Over $400 million in the next 3 years
Target of 1 Million Installations to Set the South African Solar Water Heater Market on Path of Scorching Growth Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Cape Town, South Africa, 2011/06/14 - Market to Surge to Over $400 million in the next 3 years.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Due to South Africa's current electricity crisis, solar water heaters have been proposed as a means of mitigating energy consumption and promoting energy efficiency. Phenomenal interest in this market since 2007, has poised it on the path of more growth, following the rebate system initiated to catalyse mass interest, and the potential release of mandatory building codes that will stipulate the installation of solar water heaters on new buildings.

New analysis from Frost & Sullivan (energy.frost.com), South African Solar Water Heater Market, finds that the market earned revenues of $41.6 million in 2009 and estimates this to reach $407.9 million by 2014. The Eskom rebate programme has facilitated some interest in the market, although new building code regulations would truly catalyse the market.

"Growth within the solar water heater market is caused by a combination of factors," notes Frost & Sullivan's EPS Industry Analyst Dominic Goncalves. "Namely, the increase in electricity price that is lowering the payback period of the product; the looming electricity crisis which will see load-shedding and thus a lack of domestic hot water supply in particular; environmental awareness; and the subsidisation of solar water heater products which are lowering their previously daunting high initial costs."

The rebate system developed by Eskom has provided the initial steps toward a government-supportive framework to rollout solar water heaters on a mass scale nationwide. Although teething problems have been experienced, the rebate programme is one of several mechanisms that will help propel the target set in 2007 to install one million solar water heaters nationwide by 2014.

Research indicates that 18 per cent of national electricity usage can be attributed to domestic water heating. Most of this domestic water heating occurs during the peak times at which Eskom struggles to supply electricity due to the extra strain on the power supply.

"Solar water heaters have been adopted internationally as a method to curb energy usage on the grid during peak times, as well as mitigate carbon emissions," remarks Goncalves. "Over 21 countries currently have incentivising policies to encourage solar water heaters, and incubatory measures such as the Eskom rebate program and mandatory new building codes are set to encourage the rollout of a million solar water heaters to be installed in South Africa by 2014, which would be the equivalent of building a 2,000 MW power station."

Bad quality products, lack of skills in installation, and end-user confusion about which is the correct system to purchase are currently the key challenges facing the solar water heater industry. The market is confronted with a barrage of low-quality products from China, which is exacerbated by a lack of skills prevalent in the installation sector. This has resulted in a suspicious opinion of solar water heater systems and a subsequent lack of interest by the South African consumer.

Many consumers have experienced problems regarding malfunctioning and inefficient systems," says Goncalves. "This is due to a mismatch between the correct product needed for their unique application, with faults occurring either on the product or installation side."

Although the rebate programme is a great initial step to get the ball rolling, a greater, more assertive framework will need to be implemented in order to attract the mass adoption needed to reach the one million systems target by end 2014. Such a framework could include making solar water heaters mandatory for new buildings, which would eradicate the restraining high initial cost of the product, by incorporating this into a new building's operating cost.

"The inclusion of solar water heaters into new building codes would vastly propagate the market and lead to significant job creation opportunities in both manufacturing and installation," states Goncalves. "If this is implemented, however, a coordinated drive will need to take place to ramp up the market on all sides."

There is a need to establish a locally-based manufacturing hub that will create products suited for South African applications. This will need to be accompanied by sufficient training for installers, appropriate accreditation and monitoring and a large-scale marketing and promotional drive by the government.

If you are interested in more information about this study, please send an email with your contact details to Samantha James, Corporate Communications, at samantha.james[.]frost.com.

South African Solar Water Heater Market is part of the Energy & Power Growth Partnership Service programme. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.

South African Solar Water Heater Market / M679

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Target of 1 Million Installations to Set the South African Solar Water Heater Market on Path of Scorching Growth Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Samantha James 
+27 21 680 3566 samantha.james[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Energy Most Recent Related Newswires:

Enel Begins Operations At World’s First Commercial Geothermal-hydro Hybrid Power Plant
Vestas Secures 112 MW for Three Projects in France
ENGIE and Statoil Agree on the Renegotiation of Their Long-term Gas Supply Contracts
ENGIE and AES Andres Leverage Core Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean
Power Costs, Inc. (PCI) and GE Power Collaborate to Link Energy Operations with Energy Trading for End-to-End Machine to Market Software Solutions
GE Oil & Gas Signs Agreement with TAG GmbH to Install New Tuning Maintenance (TUMAS) Software on Entire Fleet of Gas Turbines
ENGIE Announces Two New Major Collaborations to Foster New Innovative Green Gas Production Methods Across Europe
Enel Inaugurates Apiacás Hydropower Complex in Brazil
Steam and Gas Turbine Manufacturers Realign Strategies to Harness Growth Opportunities within Clean Power Generation
Enel Starts Construction of Peru’s Largest Solar PV Plant
GE and Maersk Drilling to Pilot Marine Digital Transformation
SolarWinds to Join the Discussion on Interoperable IT Management for Defense Forces at AFCEA’s TechNet Asia-Pacific 2016
BP and GE Launch New Offshore Digital Technology with Plans to Deploy Globally
GE Digital Acquires ServiceMax to Extend Predix and Analytics Across Field Service Processes
GE Digital Launches Collaborative App Development Program to Expand Digital Industrial Ecosystem

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)