Product Code: CMI7169
The solar thermal collectors market is estimated to be valued at USD 30.19 Bn in 2024 and is expected to reach USD 52.08 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 30.19 Bn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: |
8.10% |
2031 Value Projection: |
US$ 52.08 Bn |
Figure. Solar Thermal Collectors Market Share (%), By Region 2024
Solar thermal collectors convert sunlight into usable thermal energy through a process of absorption, transfer, and storage of solar heat. These collectors are most commonly used for water and space heating purposes in the residential and commercial sectors. The global solar thermal collectors market has been witnessing steady growth over the past few years owing to supportive government policies promoting renewable energy and increasing awareness about eco-friendly energy solutions. Countries across Asia Pacific, Europe, and Latin America have implemented conducive regulations providing subsidies and tax benefits for the installation of solar thermal systems. Moreover, technological advancements have led to the development of more efficient collectors with lower costs.
Market Dynamics:
The global solar thermal collectors market is driven by supportive regulatory policies promoting renewable energy sources, rising electricity prices,growing environmental concerns regarding greenhouse gas emissions from conventional sources, and increasing adoption of solar projects in the industrial and commercial sectors. However, high initial installation costs, availability of lower-priced substitutes such as air-source heat pumps, and intermittency of solar energy continue to restrain the market growth. Opportunities for market expansion lies in R&D to develop advanced materials for cost-effective collectors, integration of thermal energy storage technologies, and favorable renewable portfolio standards in many nations aiming for net-zero emission targets.
Key Features of the Study:
- This report provides in-depth analysis of the global solar thermal collectors market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global solar thermal collectors market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Alternate Energy Technologies LLC., TVP Solar , Ouraset, SunEarth, Greenonetec Solarindustrie GMBH, Absolicon Solar Collector AB, Sunerg Solar s.r.l. , Solimpeks, Heliodyne Inc., HTP Comfort Solutions LLC, Photon Energy Systems Limited, Solareast Holdings Co Ltd., Greenonetec Solarindustrie GmBH, BTE Solar Co Ltd., and Linuo Ritter International Co. Ltd
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global solar thermal collectors market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global solar thermal collectors market
Detailed Segmentation-
- By Type:
- Concentrating
- Non-Concentrating
- Flat Plate Collector
- Evacuated Tube
- Unglazed Water Collector
- Air Collector
- By Application:
- Residential
- Commercial
- Industrial
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Alternate Energy Technologies LLC.
- TVP Solar
- Ouraset
- SunEarth
- Greenonetec Solarindustrie GMBH
- Absolicon Solar Collector AB
- Sunerg Solar s.r.l.
- Solimpeks
- Heliodyne Inc.
- HTP Comfort Solutions LLC
- Photon Energy Systems Limited
- Solareast Holdings Co Ltd.
- Greenonetec Solarindustrie GmBH
- BTE Solar Co Ltd.
- Linuo Ritter International Co. Ltd
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
4. Global Solar Thermal Collectors Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Solar Thermal Collectors Market
- Impact Analysis
5. Global Solar Thermal Collectors Market, By Type, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Concentrating
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Non-Concentrating
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Flat Plate Collector
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Evacuated Tube
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Unglazed Water Collector
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Air Collector
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
6. Global Solar Thermal Collectors Market, By Application, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Residential
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Commercial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
7. Global Solar Thermal Collectors Market, By Region, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
- North America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- Latin America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East & Africa
8. Competitive Landscape
- Market Share Analysis
- Company Profiles
- Alternate Energy Technologies LLC.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- TVP Solar
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Ouraset
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- SunEarth
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Greenonetec Solarindustrie GMBH
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Absolicon Solar Collector AB
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Sunerg Solar s.r.l.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Solimpeks
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Heliodyne Inc.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- HTP Comfort Solutions LLC
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Photon Energy Systems Limited
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Solareast Holdings Co Ltd.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Greenonetec Solarindustrie GmBH
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- BTE Solar Co Ltd.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Linuo Ritter International Co. Ltd
- Company Overview
- Type Portfolio
- Recent Developments/Updates
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. Section
- References
- Research Methodology
- About Us and Sales Contact
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