Non-concentrating Solar Collector Market Research Report ‚Äď Global Forecast to 2030

Non-concentrating Solar Collector Market Research Report Information Report by Absorber Plates (Copper, Aluminum, and Steel Plates), by Application (Residential, Commercial, and Industrial), and by Region - Global Forecast to 2030

ID: MRFR/E&P/1345-HCR | 100 Pages | Author: Anshula Mandaokar | September 2023         

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Non-concentrating Solar Collector Market

Non- concentrating Solar Collector Market will grow at a CAGR of 12% during the forecast of 2022-2030.

Segmentation
By Absorber Plates Copper Aluminum Steel Plates
By Application Residential Commercial Industrial
By by Region North America Europe Asia-Pacific Rest of the World
Key Players
Companies Profiled   Greenonetec    Soletrol    Prosunpro    Bosch Thermotechnik    Viessmann    Solahart    Vaillant Group    XNE Group    Dimas SA    Solimpeks
Drivers
Market Driving Forces   Increased environmental concerns and rising awareness about the depleting non-renewable energy resources    Negligible maintenance cost of these panels    Growing investments in clean energy   
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Non-concentrating Solar Collector Market Overview


It is estimated that non- concentrating solar collecting systems will reach a CAGR of more than 12% during the forecast of 2022-2030. It is a type of flat plate designed for collecting solar energy.


Non-concentrating Solar Collector is a flat plate that is used to capture solar energy. Commercial buildings, industry, and residential complexes are the most common places to find them. Increased environmental concerns will help to drive market expansion for solar collectors. The solar energy collection plate area functions similarly to solar radiation absorption. It is expected that the flat plate collector will have produced roughly 500GW. As a result, the market for non-concentrating solar collectors is growing at the quickest rate.


Concerns about rising conventional energy prices, potential supply challenges, and renewable energy certificates have been raised. The demand for non-concentrating solar collector market share will be fueled by these factors. There have also been initiatives to develop technology to improve product efficiency. As a result, educational institutions and major market players are investing heavily in R&D. Environmental contamination has increased as a result of the increasing reliance on fossil fuels and other traditional resources. The flat plate collector is a one-time purchase with minimal ongoing maintenance costs. Solar panels are commonly used to alleviate issues with unreliable energy sources. This allows for the storage of extra electricity for later use.


The plate area that collects solar energy performs similar to that of solar radiation absorption. It is anticipated that the flat plate collector had produced approximately 500GW by the year 2020. Due to which the non-concentrating solar collector market growth is the fastest.


Non-concentrating Solar Collector Market COVID-19 Analysis


 COVID-19 has impacted industries that operate under non-essential sectors. Hence, the production and distribution of non-collecting solar collectors have been heavily impacted due to the pandemic. Global lock-downs have been imposed with an increasing number of positive cases and patient deaths. Strict social distancing norms have been implemented.


Hence, manufacturing companies are working on either reduced capacities or from remote locations. Also, China has been leading the market of photovoltaic cells. Since it is a major epicentre of the pandemic, thus supply chain has been severally disrupted.


The changes in demand and supply have impacted business divisions of flat plate collectors. It is estimated that pandemic will have short- and long-termimpacts on industrial revenue.


Non-concentrating Solar Collector Market Dynamics


Drivers


There is high awareness amongst the consumers about global warming and climate change. It is expected that high consumer awareness and stringent government policies will be a major driver for non-concentrating solar collector market growth. In the year 2016, the solar collector market size was valued at USD 2077 billion.


It is estimated that since 2016, rapid urbanization and industrialization have been taken place. This will fuel the demand for the upcoming years. Also, there have been increasing investments in research and development for inventing cost-effective products.


Opportunities


Raising concerns like increasing prices of conventional energies, future supply issues, certificates of renewable sources. These factors will fuel the demand for non-concentrating solar collector market share. Also, there have been efforts for developing technologies to improve the efficiency of products. Thus, educational institutions and key market leaders are investing high in R&D activities. The high dependence on fossil fuels and other conventional resources has increased environmental pollution.


Restraints


The initial cost for photovoltaic cells is a major concern for many manufacturers. Since initial costs are high it restricts the market growth in low earning sections. Also, the flat plate collectors come in large sizes, hence it is not suitable for old and small size buildings. All the mentioned factors restrict non-concentrating solar collector market growth.


Challenges


In industries, solar thermal collectors are not applied very extensively. Owning to lack of workforce and experiencedinstallers.  This has challenged high revenue generation from industrial units. Production efficiency is not achieved by the market players. This impacts the power generation capacities on a weekly, monthly and annual basis. There is a lack of technological efficiency which has impacted its market opportunities.


Cumulative Growth Analysis


Renewable sources of energy like hydropower is alternative options. However, it increases environmental concerns. Besides, Nuclear power is generally not preferred due to damaging outcomes like that of Fukushima and Chernobyl. In addition to this, our earth receives approximately 174 petawatts of energy from the sun. Hence, forming the largest sources for energy with no environmental concerns.


The flat plate collector requires only a one-time investment with a negligible cost for maintenance. Issues for intermittent energy sources are generally solved by connecting solar panels. This helps in saving excess power for later usage.


Value Chain Analysis


Over the years, countries and companies have overused their resources. Due to this increased environmental degradation has taken place. In addition to this, many global agencies have created norms to reduce carbon emissions and energy conservation. Also, there has been increasing demand for energy reserves. These factors have opened many opportunities for the flat plate collector market.


Technological advancement in the upcoming years will help in broadening the use of non-concentrating solar collector systems. The non- concentrating solar collector systems have accounted for the largest market share with 89.6% in 2016. Residential sectors will increase the demand for flat plate collectors. As it is widely used for heating, drying, and other uses of routine life.


Non-concentrating Solar Collector Market Segment Overview


Based on segmentation solar collector markets can be further sub divided into applications and types.



  • By Application- It is further sub-divided into residential, commercial, and Industrial.

  • By Type- It includes copper, aluminum, and steel.


The application sector is estimated to provide positive impacts for the growth of the market during the forecast. Owning to high costs of energies from conventional sources. Besides, in 2016, residential sectors contributed to 20.6% market share due to reduced cost in domestic usage. Also, flat plate collectors can be efficiently used in commercial constructions. Over the years, there has been increasing development of shopping complexes, hotels, and other entertainment purposes. Due to which positive scope for non-concentrating solar collector market growth.


Non-concentrating Solar Collector Market Competitive Landscape


Competitive Rivalry is low to moderate as only limited players operate in the market. However, the competition is expected to rise due to the prices and efficiencies of the products. non-concentrating solar collector market size is highly fragmented. Due to the lack of dominant players in the market. A list of key Non-concentrating Solar Collector Market players is listed below.



  • Greenonetec (Austria)

  • Soletrol (Brazil)

  • Prosunpro (Boston)

  • Bosch Thermotechnik (Germany)

  • Viessmann (Germany)

  • Solahart (Australia)

  • Vaillant Group (Germany)

  • Xne Group (France)

  • Dimas (US)

  • Solimpeks (Turkey)


Industry News



  • Siemens will offer a new platform for creating customer-specific distribution grid apps in July 2020. The new Siapp, a software license for the Sicam A8000 automation, and the remote terminal unit are the distribution grid applications. The Siapp application runs on a Sicam A8000 with the CP-8050 CPU module. Siapp enables the development, parameterization, and loading of up to three distinct custom programs into the remote terminal unit.

  • In March 2020, ABB and TRANSCO unveiled a groundbreaking substation-to-substation solution for Non-concentrating Solar collectors that will make greater use of existing digital technology while increasing the availability and reliability of mission-critical applications across the UAE and the Middle East.


Recent Development in Non-concentrating Solar Collector Market


Key Market players are putting in efforts to increase the efficiency of solar panels. It includes developing collectors into smaller sizes with customer-friendly installations.  Also, there has been a focus on techniques such as nano-crystalline solar cells. This will include film processing, metamorphic multijunction solar cells, and others. In recent, development in the field has increased production from 7 GW to 40 GW. One of the players named Mordor Intelligence has estimated that solar power will be extensively used in cars, automotive, industry, agriculture, and others in the upcoming years.


Non-concentrating Solar Collector Market Regional Analysis


North America has dominated market growth due to high usage in swimming pools and other commercial locations. It was estimated that in the year 2016, it contributed to 70 % of the total volume share. Also, there has been increasing concern for rapidly depleting natural resources in the US due to which market demand will be propelled.


Besides, developing technologies will enable the efficient utilization of tube collectors within industrial applications. In the European tourism industry, government spending has increased due to which non-concentrating solar collector market growth will be positively impacted. However, demand for flat plate collectors is stagnant in the residential sector. As conventional energy application is still in use. Asia- Pacific, Middle East, and Latin America will also contribute to the Non-concentrating Solar Collector Market share significantly during the forecast period.



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   12% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Absorber Plates and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Greenonetec, Soletrol, Prosunpro, Bosch Thermotechnik, Viessmann, Solahart, Vaillant Group, XNE Group, Dimas SA and Solimpeks.
  Key Market Opportunities Increasing the environmental concern Government supportive initiatives
  Key Market Drivers Increased environmental concerns and rising awareness about the depleting non-renewable energy resources Negligible maintenance cost of these panels Growing investments in clean energy


Frequently Asked Questions (FAQ) :

It is estimated that non-concentrating solar collector market growth will reach a CAGR of 12%.

Main drivers include growing concerns for the depletion of natural resources coupled with government regulations.Besides, there is high awareness amongst the consumers on global warming and climatic change. Also,increasing investments in technological development will fuel the expansion of the non-concentrating solar collector industry.

The initial cost for photovoltaic cells has been a major concern. Since initial costs are high it restricts the market growth in varied commercial and non-commercial sectors. Also, the flat plate collectors are generally manufactured in large sizes, which restricts their application in all building sizes.

‚ÄĘ By Application- residential, commercial, and Industrial. ‚ÄĘ By Type- copper, aluminum, and steel.

The dominant market leaders Greenonetec (Austria), Soletrol (Brazil), Prosunpro (Boston), Bosch Thermotechnik (Germany), Viessmann (Germany), Solahart (Australia), Vaillant Group (Germany), Xne Group (France), Dimas (US), Solimpeks (Turkey).

Regional analysis is done on North America, Latin America, Europe, Asia -Pacific, and the Middle East.

North America has a dominant market position due to its application in swimming pools and other commercial locations. In the year 2016, the market contributed to 70 % of the total volume share. Also, there has been a concern for depleting natural resources in the US.

The application sector is having been estimated to provide positive impacts. Due to the high costs of energy from conventional sources. Also, flat plate collectors are being used efficiently in commercial constructions. Over the past few years, the increasing development of shopping complexes, hotels, and other entertainment purposes has provided positive scope.

Concerns have increased on conventional energies, future supply issues, and others. increasing efforts on the production of energy from solar energy will provide market opportunities.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players‚Äô financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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