Solar Thermal Collectors Market, By Type, By Application, By Geography

Description

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

Product Code: CMI7169

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)
  - U.S.
  - Canada
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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