HS Code:
Solar water heaters, classified under HS Code 841919, are devices that use solar energy to heat water for domestic, commercial, or industrial use. They are an eco-friendly alternative to traditional water heating systems, reducing energy costs and carbon emissions. This category includes both active systems (with circulating pumps and controls) and passive systems (relying on natural convection). The global trade of solar water heaters has grown significantly due to increasing demand for renewable energy solutions and government incentives for green technologies.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
UN Comtrade Database
USD 650 million
54.2% of total trade of total trade
Increasing
USD 120 million
10.0% of total trade of total trade
Stable
USD 85 million
7.1% of total trade of total trade
Increasing
USD 75 million
6.3% of total trade of total trade
Stable
USD 50 million
4.2% of total trade of total trade
Increasing
Average Rate
6.5%
Highest Rate
15% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU internal trade or specific renewable energy exemptions)
Rising adoption of renewable energy policies
Increased demand for solar water heaters due to subsidies and tax incentives in regions like Europe and Asia-Pacific
2021-2022
Technological advancements in solar thermal systems
Improved efficiency and affordability of solar water heaters, boosting market penetration in developing countries
2020-2022
Urbanization and energy demand in emerging economies
Growing need for cost-effective and sustainable water heating solutions in densely populated regions
2019-2022
The European Unionโs Green Deal initiative has introduced new subsidies and reduced tariffs for renewable energy products, including solar water heaters, to meet 2030 climate targets.
March 2023
Expected to increase imports by 15-20% from major exporters like China and India.
India announced an expansion of its National Solar Mission, offering incentives for domestic production and export of solar water heaters to neighboring countries.
January 2023
Likely to strengthen Indiaโs position in the global market, particularly in South Asia.
A new trade agreement phase between the US and China includes reduced tariffs on green technology products, including solar water heaters, to promote sustainability.
October 2022
Anticipated to increase Chinese exports to the US by 10% over the next two years.