Solar Thermal Collector Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Concentrating, Non-Concentrating (Flat Plate Collector, Evacuated Tube, Unglazed Water Collector, Air Collector)), By Application (Residential, Commercial, Industrial), By Region, and By Competition 2018-2028

  • Industry : Power
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 25.02 Billion

CAGR (2023-2028)

14.67%

Fastest Growing Segment

Concentrating

Largest Market

North America

Market Overview

The Global Solar Thermal Collector Market is experiencing dynamic growth, driven by the increasing emphasis on sustainable energy sources and the pursuit of cleaner alternatives. Characterized by a diverse range of technologies, the market is witnessing a notable dominance of concentrating solar thermal collectors. These collectors, leveraging mirrors or lenses to focus sunlight and achieve elevated temperatures, find widespread applications in electricity generation, industrial processes, and solar-assisted desalination. The industrial sector, in particular, plays a pivotal role in propelling the market forward, with solar thermal collectors offering a sustainable solution for meeting high-temperature heat requirements in various manufacturing processes. Government incentives and supportive policies worldwide further stimulate market expansion, encouraging investments and fostering innovation in solar thermal technology. The growing interest in thermal energy storage systems adds a layer of flexibility to the dispatchability of solar thermal power, addressing challenges related to intermittency. As technological advancements persist and global initiatives for decarbonization intensify, the Global Solar Thermal Collector Market continues to evolve as a key player in the renewable energy landscape, contributing to a more sustainable and resilient future.

Key Market Drivers

Increasing Focus on Renewable Energy and Sustainable Practices

One of the primary drivers propelling the global Solar Thermal Collector market is the escalating focus on renewable energy and sustainable practices. As the world grapples with the environmental impacts of conventional energy sources, there is a growing global commitment to transition towards cleaner and more sustainable energy solutions. Solar thermal collectors, harnessing the sun's abundant and clean energy, are positioned as a key player in this transition. Governments, businesses, and consumers alike are increasingly recognizing the importance of reducing carbon footprints and mitigating climate change, driving the demand for solar thermal technology and fostering its integration into energy portfolios.

Government Incentives and Supportive Policies

Government incentives and supportive policies at the local, national, and international levels serve as significant drivers for the global Solar Thermal Collector market. Many governments worldwide are implementing financial incentives, subsidies, and tax credits to promote the adoption of solar thermal technology. These incentives aim to make solar thermal systems more economically viable for consumers and businesses, thereby stimulating market growth. Additionally, supportive policies, such as renewable energy standards and feed-in tariffs, create a favorable regulatory environment for the solar thermal sector, encouraging investments and driving innovation in the industry.

Advancements in Solar Thermal Technology

Continuous advancements in solar thermal technology play a pivotal role in driving the global market. Innovations in collector design, materials, and manufacturing processes contribute to increased efficiency, reduced costs, and expanded applications for solar thermal systems. High-performance selective coatings, advanced tracking mechanisms, and improvements in heat transfer fluids are examples of technological advancements that enhance the overall performance and competitiveness of solar thermal collectors. As research and development efforts persist, the industry can deliver increasingly sophisticated and cost-effective solutions, driving wider adoption across diverse sectors.

Growing Demand for Industrial Process Heat

The growing demand for industrial process heat represents a substantial driver for the global Solar Thermal Collector market. Industries requiring high-temperature heat for manufacturing processes, such as food processing, chemical production, and textiles, are turning to solar thermal technology as a sustainable and cost-effective alternative. Solar thermal collectors can provide the necessary temperatures for these industrial applications, offering an attractive solution to reduce reliance on fossil fuels and lower operational costs. As industries worldwide seek to align with sustainable practices and reduce greenhouse gas emissions, the demand for solar thermal collectors in industrial applications is expected to experience significant growth.

Rising Interest in Hybrid Energy Systems

The rising interest in hybrid energy systems, which combine solar thermal collectors with other renewable energy sources or conventional power generation methods, is driving market expansion. Hybrid systems offer a versatile and balanced approach to energy generation, leveraging the strengths of different technologies to enhance overall efficiency and reliability. Integrating solar thermal collectors with technologies like biomass, geothermal, or energy storage systems creates resilient and adaptable energy solutions. This trend is particularly relevant in regions with diverse energy needs and varying environmental conditions, where hybrid systems can optimize energy production and contribute to grid stability.


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Key Market Challenges

High Initial Costs and Long Payback Periods

One of the primary challenges facing the global Solar Thermal Collector market is the high initial costs associated with the installation of solar thermal systems. The significant upfront investment required for purchasing and installing solar collectors, heat exchangers, and other system components can act as a deterrent for potential adopters, particularly in comparison to other conventional energy sources. Additionally, the relatively long payback periods can discourage investors and limit the widespread adoption of solar thermal technology. Despite long-term cost savings in terms of reduced operating expenses and lower environmental impact, the financial barriers to entry remain a substantial challenge for the market.

Intermittency and Dependence on Solar Radiation

The inherent intermittency of solar radiation poses a significant challenge for solar thermal collectors. The efficiency and output of these systems are directly dependent on sunlight availability, making them less reliable during periods of low solar radiation, such as cloudy days or nighttime. This intermittency issue can hinder the consistent generation of thermal energy, particularly for applications that require continuous and stable power supply. While advancements in energy storage technologies aim to address this challenge, achieving cost-effective and high-capacity thermal storage solutions remains an ongoing hurdle for the market.

Land Use and Space Constraints

The physical space required for large-scale solar thermal installations can present challenges, especially in densely populated areas or regions with limited available land. Solar thermal power plants, in particular, demand considerable space for the deployment of mirrors or reflectors to concentrate sunlight onto a receiver. This land use requirement can compete with other land-use priorities, such as agriculture or urban development, leading to conflicts and limiting the feasible locations for solar thermal projects. Balancing the need for expansive solar fields with environmental and land use considerations is a complex challenge that the industry continues to grapple with.

Technological Complexity and Maintenance Requirements

The technological complexity of solar thermal collector systems introduces challenges related to maintenance, operation, and the need for highly specialized skills. The intricate components involved, such as tracking systems, receivers, and heat transfer fluids, demand meticulous attention to ensure optimal performance. Moreover, the exposure of these systems to harsh environmental conditions, including temperature extremes and dust accumulation, can lead to wear and tear, requiring regular maintenance. The complexity of these systems can pose challenges for widespread adoption, especially in regions lacking the technical expertise and infrastructure necessary for effective maintenance and operation.

Competitive Pressure from Photovoltaic Technologies

The Solar Thermal Collector market faces intense competition from photovoltaic (PV) technologies, which convert sunlight directly into electricity. While both solar thermal and PV technologies harness solar energy, the rapid advancements and declining costs of PV systems have shifted the competitive landscape. PV technologies offer simplicity, scalability, and broader application versatility, making them increasingly attractive to consumers and investors. The competition between these two solar technologies puts pressure on the solar thermal market to continually innovate, reduce costs, and emphasize its unique advantages, such as thermal energy storage capabilities, to maintain relevance in the evolving renewable energy market.

Key Market Trends

Increasing Adoption of Concentrated Solar Power (CSP) Systems

One prominent trend shaping the global Solar Thermal Collector market is the increasing adoption of Concentrated Solar Power (CSP) systems. CSP technologies utilize mirrors or lenses to focus sunlight onto a small area, generating high temperatures that can be used for power generation or industrial processes. This trend is driven by the growing demand for sustainable and efficient energy solutions. CSP systems have the potential to provide dispatchable power, addressing the intermittency issues associated with traditional solar photovoltaic systems. As technological advancements reduce the costs and improve the efficiency of CSP technologies, they are gaining traction in utility-scale projects worldwide.

Integration of Solar Thermal Collectors in Industrial Processes

A significant trend in the global Solar Thermal Collector market is the integration of solar thermal collectors into various industrial processes. Industries, particularly those with high-temperature requirements such as manufacturing, chemical processing, and desalination, are increasingly turning to solar thermal technologies to meet their energy needs. Solar thermal collectors provide a sustainable and cost-effective alternative to conventional fossil fuel-based heating systems. As industries strive to reduce their carbon footprint and comply with stricter environmental regulations, the integration of solar thermal collectors becomes a strategic solution for achieving sustainable and clean energy utilization in diverse industrial applications.

Advancements in Thermal Energy Storage Technologies

The evolution of thermal energy storage technologies is a noteworthy trend influencing the Solar Thermal Collector market. Efficient storage solutions are crucial for overcoming the intermittent nature of solar energy and ensuring a continuous and reliable power supply. Advances in materials and engineering have led to the development of high-performance thermal energy storage systems, enabling solar thermal collectors to store excess heat for use during periods of low solar radiation. These innovations enhance the dispatchability of solar thermal power, making it a more attractive option for both grid-tied and off-grid applications.

Emergence of Hybrid Solar Systems

The emergence of hybrid solar systems is reshaping the Solar Thermal Collector market landscape. Hybrid systems combine solar thermal collectors with other renewable energy sources or conventional power generation methods to create integrated and versatile energy solutions. For example, hybrid solar-biomass or solar-geothermal systems leverage multiple resources to enhance overall energy efficiency and reliability. These systems offer a flexible approach to energy generation, allowing for adaptation to varying environmental conditions and energy demands. The trend towards hybrid solar systems reflects a holistic and diversified approach to sustainable energy solutions.

Focus on Innovations in Materials and Design

Innovations in materials and design represent a continuous trend driving the Solar Thermal Collector market forward. Researchers and manufacturers are actively exploring novel materials that can enhance the efficiency, durability, and cost-effectiveness of solar thermal collectors. Advances in selective coatings, absorber materials, and reflector designs contribute to higher solar absorption rates and improved overall system performance. Additionally, innovations in tracking systems and collector geometries optimize sunlight capture throughout the day. This trend underscores the industry's commitment to constant improvement and the pursuit of cutting-edge technologies to make solar thermal collectors more competitive and accessible in the broader renewable energy landscape.

Segmental Insights

Type Insights

Concentrating segment dominates in the global solar thermal collector market in 2022. Concentrating Solar Thermal Collectors are characterized by their ability to focus sunlight onto a small receiver or collector using mirrors or lenses, concentrating solar energy and significantly elevating temperatures. This concentration of sunlight allows for the achievement of higher temperatures compared to their non-concentrating counterparts, making them particularly well-suited for applications that demand elevated thermal levels. The utilization of concentrating collectors spans a broad spectrum, with applications ranging from electricity generation in concentrated solar power (CSP) plants to industrial process heat and even solar-assisted desalination.

One of the notable advantages of concentrating collectors is their efficiency in converting sunlight into thermal energy. The concentrated solar radiation allows for the generation of high temperatures, which, in turn, enhances the overall performance and versatility of these collectors. This efficiency is particularly advantageous in electricity generation applications, where higher temperatures translate to more effective power production.

Within the category of concentrating solar collectors, different subtypes have evolved to cater to specific applications. Parabolic troughs, for instance, are commonly employed in large-scale CSP plants, utilizing curved mirrors to focus sunlight onto a receiver tube. Solar power towers use an array of mirrors to concentrate sunlight onto a central receiver, achieving high temperatures for power generation. Parabolic dish systems, with their dish-shaped reflectors, are versatile and find applications in both electricity generation and industrial processes.

The dominance of concentrating solar thermal collectors is further accentuated by their compatibility with thermal energy storage systems. The ability to store excess heat for use during periods of low sunlight enhances the dispatchability of solar thermal power, addressing one of the key challenges associated with renewable energy sources—intermittency.

While non-concentrating solar thermal collectors, such as flat-plate collectors, have their applications, especially in residential and small-scale commercial settings for water and space heating, the dominance of concentrating collectors stems from their broader range of applications, higher efficiency, and versatility in addressing the diverse energy needs of industrial processes and large-scale power generation.

Application Insights

Industrial segment dominates in the global solar thermal collector market in 2022. Industrial applications of solar thermal collectors find resonance in sectors that require substantial heat for their processes, including but not limited to manufacturing, chemical production, and food processing. The industrial sector has a voracious appetite for thermal energy, often necessitating high-temperature heat for operations such as steam generation, drying, and various heating requirements. Solar thermal collectors, with their capability to provide elevated temperatures, present an ideal solution for meeting these demanding industrial heat needs.

Key to the dominance of solar thermal collectors in the industrial landscape is their ability to contribute to significant energy cost savings and reduce reliance on conventional fossil fuels. Industries adopting solar thermal technology can benefit not only from lower operational expenses but also from a substantial reduction in their carbon footprint, aligning with global sustainability goals and environmental regulations.

Furthermore, the industrial sector's substantial energy consumption makes it a critical focal point for efforts to transition towards cleaner and more sustainable energy sources. Governments and businesses worldwide are increasingly recognizing the imperative to decarbonize industrial processes, and solar thermal collectors offer a tangible and effective means to achieve this objective. The ability of solar thermal systems to seamlessly integrate into existing industrial setups, coupled with advancements in collector efficiency and thermal storage technologies, enhances their attractiveness for industrial applications.

Industries ranging from textiles and chemicals to metals and paper production benefit from the integration of solar thermal collectors, showcasing the adaptability and versatility of this technology across diverse manufacturing processes. The synergy between solar thermal collectors and industrial applications underscores their symbiotic relationship, as solar energy becomes an integral component of driving sustainable and environmentally conscious industrial practices.


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Regional Insights

North America dominates the Global Solar Thermal Collector Market in 2022. Firstly, North America benefits from a strong and mature renewable energy landscape, with a deep-seated commitment to sustainability. The push towards clean energy solutions, driven by environmental concerns and climate change mitigation efforts, has positioned solar thermal technology as a significant contributor to the region's renewable energy portfolio. Governments and businesses across North America have increasingly embraced the deployment of solar thermal collectors as part of their renewable energy strategies.

Secondly, the region's vast geographical expanse and diverse climate conditions create ample opportunities for the deployment of solar thermal collectors. The abundance of sunlight, particularly in sunbelt states, provides an ideal environment for solar thermal systems to operate efficiently. The suitability of these conditions, combined with the technological advancements in solar thermal technology, has made North America a natural leader in harnessing solar energy for various applications, including electricity generation and industrial processes.

Furthermore, government incentives and supportive policies at both the federal and state levels have played a pivotal role in fostering the growth of the solar thermal market in North America. Subsidies, tax credits, and renewable energy standards have incentivized investments in solar thermal technology, making it more economically viable for businesses and consumers. This supportive regulatory environment has attracted significant private investment and spurred innovation in the sector.

Additionally, North America's dominance in research and development contributes to advancements in solar thermal technology. The region is home to leading research institutions, industry experts, and innovative companies focused on improving the efficiency and cost-effectiveness of solar thermal collectors. Collaborations between academia, government agencies, and private enterprises have resulted in cutting-edge developments that further strengthen North America's position in the global solar thermal market.

Recent Developments

  • May 2022: Inaventa Solar, a pioneer in solar thermal collector technology, collaborated with Solvay to create the new BI70 solar collector. The product replaces metal with Solvay's Ryton PPS1, which offers several advantages, including increased design flexibility, automated manufacturing, streamlined handling, improved aesthetic facility integration, and a less carbon footprint.
  • July 2019: Southwest of Stuttgart, in Germany, Ettenheim has chosen Savosolar as its preferred provider for a 1,700 m2 solar collector field and a 200 m3 heat storage facility. Over 800,000 euros are anticipated to be spent on the delivery. The final performance test and system handover are scheduled for Q1 2020, with the delivery anticipated to take place primarily in 2019.The ground-mounted solar thermal system with Savosolar's top-of-the-line flat-plate collectors will supplement the current wood chip burner with fuel-free heat generation and storage. The final building permission and funding and subsidy approval are awaited by the district heating operator, Fernwärme Ettenheim GmbH, and are anticipated to be completed in a few weeks. The turn-key delivery contract will, after that, be closed.

Key Market Players

  • Greenonetec Solarindustrie GmbH
  • Fivestar
  • Soletrol
  • Bosch Thermotechnik
  • Sunrain
  • Hewalex
  • Eraslan
  • Viessmann Werke GmbH & Co. KG
  • Sonnenkraft
  • SunOptic

By Type

By Application

By Region
  • Concentrating
  • Non-Concentrating
  •  Flat Plate Collector
  • Evacuated Tube
  • Unglazed Water Collector
  • Air Collector
  • Residential
  • Commercial
  • Industrial
  • North America
  • Europe
  • South America
  • Middle East & Africa
  • Asia Pacific

 

Report Scope:

In this report, the Global Solar Thermal Collector Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Solar Thermal Collector Market, By Type:

o   Concentrating

o   Non-Concentrating

§   Flat Plate Collector

§  Evacuated Tube

§  Unglazed Water Collector

§  Air Collector

  • Solar Thermal Collector Market, By Application:

o   Residential

o   Commercial

o   Industrial

  • Solar Thermal Collector Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  Germany

§  France

§  United Kingdom

§  Italy

§  Spain

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

o   Middle East & Africa

§  Saudi Arabia

§  UAE

§  South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Solar Thermal Collector Market.

Available Customizations:

Global Solar Thermal Collector Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Solar Thermal Collector Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.    Baseline Methodology

2.2.    Key Industry Partners

2.3.    Major Association and Secondary Sources

2.4.    Forecasting Methodology

2.5.    Data Triangulation & Validation

2.6.    Assumptions and Limitations

3.    Executive Summary

4.    Impact of COVID-19 on Global Solar Thermal Collector Market

5.    Voice of Customer

6.    Global Solar Thermal Collector Market Overview

7.    Global Solar Thermal Collector Market Outlook

7.1.    Market Size & Forecast

7.1.1.    By Value

7.2.    Market Share & Forecast

7.2.1.  By Type (Concentrating, Non-Concentrating (Flat Plate Collector, Evacuated Tube, Unglazed Water Collector, Air Collector))

7.2.2.  By Application (Residential, Commercial, Industrial)

7.2.3.  By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3.    By Company (2022)

7.4.    Market Map

8.    North America Solar Thermal Collector Market Outlook

8.1.    Market Size & Forecast

8.1.1.    By Value

8.2.    Market Share & Forecast

8.2.1.    By Type

8.2.1.1.        Non-Concentrating

8.2.2.    By Application

8.2.3.    By Country

8.2.3.1.        United States Solar Thermal Collector Market Outlook

8.2.3.1.1.        Market Size & Forecast

8.2.3.1.1.1.    By Value

8.2.3.1.2.        Market Share & Forecast

8.2.3.1.2.1.               By Type

8.2.3.1.2.1.1.   Non-Concentrating

8.2.3.1.2.2.               By Application

8.2.3.2.        Canada Solar Thermal Collector Market Outlook

8.2.3.2.1.        Market Size & Forecast

8.2.3.2.1.1.    By Value

8.2.3.2.2.        Market Share & Forecast

8.2.3.2.2.1.               By Type

8.2.3.2.2.1.1.   Non-Concentrating

8.2.3.2.2.2.               By Application

8.2.3.3.        Mexico Solar Thermal Collector Market Outlook

8.2.3.3.1.        Market Size & Forecast

8.2.3.3.1.1.    By Value

8.2.3.3.2.        Market Share & Forecast

8.2.3.3.2.1.               By Type

8.2.3.3.2.1.1.   Non-Concentrating

8.2.3.3.2.2.               By Application

9.    Europe Solar Thermal Collector Market Outlook

9.1.    Market Size & Forecast

9.1.1.  By Value

9.2.    Market Share & Forecast

9.2.1.    By Type

9.2.1.1.        Non-Concentrating

9.2.2.    By Application

9.2.3.    By Country

9.2.3.1.        Germany Solar Thermal Collector Market Outlook

9.2.3.1.1.        Market Size & Forecast

9.2.3.1.1.1.    By Value

9.2.3.1.2.        Market Share & Forecast

9.2.3.1.2.1.               By Type

9.2.3.1.2.1.1.   Non-Concentrating

9.2.3.1.2.2.               By Application

9.2.3.2.        France Solar Thermal Collector Market Outlook

9.2.3.2.1.        Market Size & Forecast

9.2.3.2.1.1.    By Value

9.2.3.2.2.        Market Share & Forecast

9.2.3.2.2.1.               By Type

9.2.3.2.2.1.1.   Non-Concentrating

9.2.3.2.2.2.               By Application

9.2.3.3.        United Kingdom Solar Thermal Collector Market Outlook

9.2.3.3.1.        Market Size & Forecast

9.2.3.3.1.1.    By Value

9.2.3.3.2.        Market Share & Forecast

9.2.3.3.2.1.               By Type

9.2.3.3.2.1.1.   Non-Concentrating

9.2.3.3.2.2.               By Application

9.2.3.4.        Italy Solar Thermal Collector Market Outlook

9.2.3.4.1.        Market Size & Forecast

9.2.3.4.1.1.    By Value

9.2.3.4.2.        Market Share & Forecast

9.2.3.4.2.1.               By Type

9.2.3.4.2.1.1.   Non-Concentrating

9.2.3.4.2.2.               By Application

9.2.3.5.        Spain Solar Thermal Collector Market Outlook

9.2.3.5.1.        Market Size & Forecast

9.2.3.5.1.1.    By Value

9.2.3.5.2.        Market Share & Forecast

9.2.3.5.2.1.               By Type

9.2.3.5.2.1.1.   Non-Concentrating

9.2.3.5.2.2.               By Application

10. South America Solar Thermal Collector Market Outlook

10.1. Market Size & Forecast

10.1.1.    By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.1.1.     Non-Concentrating

10.2.2. By Application

10.2.3. By Country

10.2.3.1.     Brazil Solar Thermal Collector Market Outlook

10.2.3.1.1.   Market Size & Forecast

10.2.3.1.1.1.             By Value

10.2.3.1.2.   Market Share & Forecast

10.2.3.1.2.1.            By Type

10.2.3.1.2.1.1.                Non-Concentrating

10.2.3.1.2.2.            By Application

10.2.3.2.     Colombia Solar Thermal Collector Market Outlook

10.2.3.2.1.   Market Size & Forecast

10.2.3.2.1.1.             By Value

10.2.3.2.2.   Market Share & Forecast

10.2.3.2.2.1.            By Type

10.2.3.2.2.1.1.                Non-Concentrating

10.2.3.2.2.2.            By Application

10.2.3.3.     Argentina Solar Thermal Collector Market Outlook

10.2.3.3.1.   Market Size & Forecast

10.2.3.3.1.1.             By Value

10.2.3.3.2.   Market Share & Forecast

10.2.3.3.2.1.            By Type

10.2.3.3.2.1.1.                Non-Concentrating

10.2.3.3.2.2.            By Application

11. Middle East & Africa Solar Thermal Collector Market Outlook

11.1. Market Size & Forecast

11.1.1.    By Value

11.2. Market Share & Forecast

11.2.1. By Type

11.2.1.1.     Non-Concentrating

11.2.2. By Application

11.2.3. By Country

11.2.3.1.     Saudi Arabia Solar Thermal Collector Market Outlook

11.2.3.1.1.   Market Size & Forecast

11.2.3.1.1.1.             By Value

11.2.3.1.2.   Market Share & Forecast

11.2.3.1.2.1.            By Type

11.2.3.1.2.1.1.                Non-Concentrating

11.2.3.1.2.2.            By Application

11.2.3.2.     UAE Solar Thermal Collector Market Outlook

11.2.3.2.1.   Market Size & Forecast

11.2.3.2.1.1.             By Value

11.2.3.2.2.   Market Share & Forecast

11.2.3.2.2.1.            By Type

11.2.3.2.2.1.1.                Non-Concentrating

11.2.3.2.2.2.            By Application

11.2.3.3.     South Africa Solar Thermal Collector Market Outlook

11.2.3.3.1.   Market Size & Forecast

11.2.3.3.1.1.             By Value

11.2.3.3.2.   Market Share & Forecast

11.2.3.3.2.1.            By Type

11.2.3.3.2.1.1.                Non-Concentrating

11.2.3.3.2.2.            By Application

12. Asia Pacific Solar Thermal Collector Market Outlook

12.1. Market Size & Forecast

12.1.1.    By Value

12.2. Market Size & Forecast

12.2.1. By Type

12.2.1.1.     Non-Concentrating

12.2.2. By Application

12.2.3. By Country

12.2.3.1.     China Solar Thermal Collector Market Outlook

12.2.3.1.1.   Market Size & Forecast

12.2.3.1.1.1.             By Value

12.2.3.1.2.   Market Share & Forecast

12.2.3.1.2.1.            By Type

12.2.3.1.2.1.1.                Non-Concentrating

12.2.3.1.2.2.            By Application

12.2.3.2.     India Solar Thermal Collector Market Outlook

12.2.3.2.1.   Market Size & Forecast

12.2.3.2.1.1.             By Value

12.2.3.2.2.   Market Share & Forecast

12.2.3.2.2.1.            By Type

12.2.3.2.2.1.1.                Non-Concentrating

12.2.3.2.2.2.            By Application

12.2.3.3.     Japan Solar Thermal Collector Market Outlook

12.2.3.3.1.   Market Size & Forecast

12.2.3.3.1.1.             By Value

12.2.3.3.2.   Market Share & Forecast

12.2.3.3.2.1.            By Type

12.2.3.3.2.1.1.                Non-Concentrating

12.2.3.3.2.2.            By Application

12.2.3.4.     South Korea Solar Thermal Collector Market Outlook

12.2.3.4.1.   Market Size & Forecast

12.2.3.4.1.1.  By Value

12.2.3.4.2.   Market Share & Forecast

12.2.3.4.2.1.            By Type

12.2.3.4.2.1.1.                Non-Concentrating

12.2.3.4.2.2.            By Application

12.2.3.5.     Australia Solar Thermal Collector Market Outlook

12.2.3.5.1.   Market Size & Forecast

12.2.3.5.1.1.             By Value

12.2.3.5.2.   Market Share & Forecast

12.2.3.5.2.1.            By Type

12.2.3.5.2.1.1.                Non-Concentrating

12.2.3.5.2.2.            By Application

13. Market Dynamics

13.1.   Drivers

13.2.   Challenges

14. Market Trends and Developments

15. Company Profiles

15.1.   Greenonetec Solarindustrie GmbH

15.1.1.        Business Overview

15.1.2.        Key Revenue and Financials  

15.1.3.        Recent Developments

15.1.4.        Key Personnel

15.1.5.        Key Product/Services Offered

15.2.   Fivestar

15.2.1.        Business Overview

15.2.2.        Key Revenue and Financials  

15.2.3.        Recent Developments

15.2.4.        Key Personnel

15.2.5.        Key Product/Services Offered

15.3.   Soletrol

15.3.1.        Business Overview

15.3.2.        Key Revenue and Financials  

15.3.3.        Recent Developments

15.3.4.        Key Personnel

15.3.5.        Key Product/Services Offered

15.4.   Bosch Thermotechnik

15.4.1.        Business Overview

15.4.2.        Key Revenue and Financials  

15.4.3.        Recent Developments

15.4.4.        Key Personnel

15.4.5.        Key Product/Services Offered

15.5.   Sunrain

15.5.1.        Business Overview

15.5.2.        Key Revenue and Financials  

15.5.3.        Recent Developments

15.5.4.        Key Personnel

15.5.5.        Key Product/Services Offered

15.6.   Hewalex

15.6.1.        Business Overview

15.6.2.        Key Revenue and Financials  

15.6.3.        Recent Developments

15.6.4.        Key Personnel

15.6.5.        Key Product/Services Offered

15.7.   Eraslan

15.7.1.        Business Overview

15.7.2.        Key Revenue and Financials  

15.7.3.        Recent Developments

15.7.4.        Key Personnel

15.7.5.        Key Product/Services Offered

15.8.   Viessmann Werke GmbH & Co. KG

15.8.1.        Business Overview

15.8.2.        Key Revenue and Financials  

15.8.3.        Recent Developments

15.8.4.        Key Personnel

15.8.5.        Key Product/Services Offered

15.9.   Sonnenkraft

15.9.1.        Business Overview

15.9.2.        Key Revenue and Financials  

15.9.3.        Recent Developments

15.9.4.        Key Personnel

15.9.5.        Key Product/Services Offered

15.10.SunOptic

15.10.1.     Business Overview

15.10.2.     Key Revenue and Financials  

15.10.3.     Recent Developments

15.10.4.     Key Personnel

15.10.5.     Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the global Solar thermal collector market was USD 25.02 Billion in 2022.

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Industrial was the dominant segment in the global solar thermal collector market in 2022 by application.

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The challenges in the global solar thermal collector market include high initial costs and long payback periods, intermittency and dependence on solar radiation, land use and space constraints, technological complexity and maintenance requirements, etc.

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The major drivers for the global solar thermal collector market include increasing focus on renewable energy and sustainable practices, government incentives and supportive policies, advancements in solar thermal technology, growing demand for industrial process heat, etc.

Related Reports

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Parvati Sharma

Account Manager BD
Press Release

Solar Thermal Collector Market Expands with Industrial Segment at a robust CAGR of 14.67%

Nov, 2023

The increasing global solar thermal collector market is driven by increasing focus on renewable energy and sustainable practices, government incentives and supportive policies demand during the forec

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