Non-concentrating Solar Collector Market Research Report – Global Forecast to 2027

Non-concentrating Solar Collector Market Information Report by Absorber Plates (Copper, Aluminum, and Steel Plates), by Application (Residential, Commercial, and Industrial), and by Region - Global Forecast to 2027

ID: MRFR/E&P/1345-HCR | February, 2021 | Region : Global

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 2020-2028. It is a type of flat plate designed for collecting solar energy. It is majorly equipped in commercial buildings, industries, and residential complexes.  The market growth for solar collectors will be contributed by increasing environmental concerns.


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.


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.


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.


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.


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 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)


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 market share significantly during the forecast period.


Recent Development


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.


Report Overview


The report includes analysis on various sections that overview, analysis on COVID-19, dynamics, value chain, segment overview, competitive landscape, regional analysis, a recent development.



  • Historic Year- 2019

  • Base Year- 2020

  • Forecast Year- 2020-2028

TABLE OF CONTENTS

REPORT PROLOGUE

INTRODUCTION

DEFINITION

SCOPE OF THE STUDY

RESEARCH OBJECTIVE

ASSUMPTIONS

LIMITATIONS

MARKET STRUCTURE

MARKET SEGMENTATION

RESEARCH METHODOLOGY

RESEARCH PROCESS

PRIMARY RESEARCH

SECONDARY RESEARCH

MARKET SIZE ESTIMATION

FORECAST MODEL

MARKET DYNAMICS

DRIVERS & OPPURTUNITIES

CHALLENGES & RESTRAINTS

VALUE CHAIN ANALYSIS

PORTER’S FIVE FORCES ANALYSIS

NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATE

INTRODUCTION

COPPER

ALUMINUM

STEEL

NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION

INTRODUCTION

RESIDENTIAL

COMMERCIAL

INDUSTRIAL

NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY REGION

INTRODUCTION

NORTH AMERICA

U.S.

CANADA

MEXICO

EUROPE

U.K.

GERMANY

FRANCE

SPAIN

REST OF EUROPE

ASIA–PACIFIC

CHINA

INDIA

JAPAN

REST OF ASIA PACIFIC

SOUTH AMERICA

BRAZIL

ARGENTINA

REST OF SOUTH AMERICA

MIDDLE EAST & AFRICA

SAUDI ARABIA

UAE

QATAR

SOUTH AFRICA

REST OF MIDDLE EAST & AFRICA

COMPANY LANDSCAPE

INTRODUCTION

COMPETITIVE STRATEGY ANALYSIS

PARTNERSHIPS AND COLLABORATIONS

MERGERS & ACQUISITIONS

BUSINESS EXPANSION

LAUNCH/DEVELOPMENT

COMPANY PROFILE

GREENONETEC

COMPANY OVERVIEW

BUSINESS SEGMENT OVERVIEW

FINANCIAL UPDATES

KEY DEVELOPMENTS

SOLETROL

COMPANY OVERVIEW

BUSINESS SEGMENT OVERVIEW

FINANCIAL UPDATES

KEY DEVELOPMENTS

PROSUNPRO

COMPANY OVERVIEW

BUSINESS SEGMENT OVERVIEW

FINANCIAL UPDATES

KEY DEVELOPMENTS

BOSCH THERMOTECHNIK

COMPANY OVERVIEW

BUSINESS SEGMENT OVERVIEW

FINANCIAL UPDATES

KEY DEVELOPMENTS

VIESSMANN

COMPANY OVERVIEW

BUSINESS SEGMENT OVERVIEW

FINANCIAL UPDATES

KEY DEVELOPMENTS

SOLAHART

COMPANY OVERVIEW

BUSINESS SEGMENT OVERVIEW

FINANCIAL UPDATES

KEY DEVELOPMENTS

VAILLANT GROUP

COMPANY OVERVIEW

BUSINESS SEGMENT OVERVIEW

FINANCIAL UPDATES

KEY DEVELOPMENTS

XNE GROUP

COMPANY OVERVIEW

BUSINESS SEGMENT OVERVIEW

FINANCIAL UPDATES

KEY DEVELOPMENTS

DIMAS S.A.

COMPANY OVERVIEW

BUSINESS SEGMENT OVERVIEW

FINANCIAL UPDATES

KEY DEVELOPMENTS

SOLIMPEKS

COMPANY OVERVIEW

BUSINESS SEGMENT OVERVIEW

FINANCIAL UPDATES

KEY DEVELOPMENTS

MRFR CONCLUSION

APPENDIX

LIST OF TABLES

TABLE 1 GLOBAL NON-CONCENTRATING SOLAR COLLECTORSYSTEMMARKET SNAPSHOT

TABLE 2 DRIVERS FOR THE MARKET

TABLE 3 RESTRAINTS FOR THE MARKET

TABLE 4 NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 5 COPPER: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY REGION, 2020-2027 (USD MILLION)

TABLE 6 ALUMINUM: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY REGION, 2020-2027 (USD MILLION)

TABLE 7 STEEL: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY REGION, 2020-2027 (USD MILLION)

TABLE 8 NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 9 RESIDENTIAL: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY REGION, 2020-2027 (USD MILLION)

TABLE 10 COMMERCIAL: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY REGION, 2020-2027 (USD MILLION)

TABLE 11 INDUSTRIAL: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY REGION, 2020-2027 (USD MILLION)

TABLE 12 NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY REGION, 2020-2027 (USD MILLION)

TABLE 13 NORTH AMERICA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 14 U.S.: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 15 U.S.: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 16 CANADA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 17 CANADA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 18 MEXICO: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 19 MEXICO: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 20 EUROPE: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 21 U.K.: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 22 U.K.: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 23 GERMANY: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 24 GERMANY: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 25 FRANCE: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 26 FRANCE: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 27 SPAIN: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 28 SPAIN: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 29 REST OF EUROPE: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 30 REST OF EUROPE: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 31 ASIA PACIFIC: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 32 CHINA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 33 CHINA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 34 INDIA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 35 INDIA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 36 JAPAN: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 37 JAPAN: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 38 REST OF APAC: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 39 REST OF APAC: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 40 SOUTH AMERICA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 41 BRAZIL: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 42 BRAZIL: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 43 ARGENTINA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 44 ARGENTINA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 45 REST OF SOUTH AMERICA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 46 REST OF SOUTH AMERICA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 47 MIDDLE EAST & AFRICA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 48 SAUDI ARABIA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 49 SAUDI ARABIA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 50 UAE: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 51 UAE: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 52 QATAR: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 53 QATAR: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 54 SOUTH AFRICA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 55 SOUTH AFRICA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 56 REST OF MIDDLE EAST & AFRICA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

TABLE 57 REST OF MIDDLE EAST & AFRICA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

LIST OF FIGURES

FIGURE 1 RESEARCH METHODOLOGY

FIGURE 2 IMPACT ANALYSIS: DRIVERS AND RESTRAINTS

FIGURE 3 NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY ABSORBER PLATES, 2020-2027 (USD MILLION)

FIGURE 4 NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

FIGURE 5 NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY REGION, 2020-2027 (USD MILLION)

FIGURE 6 NORTH AMERICA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 7 EUROPE: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 8 ASIA PACIFIC: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 9 SOUTH AMERICA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 10 MIDDLE EAST & AFRICA: NON-CONCENTRATING SOLAR COLLECTOR MARKET, BY COUNTRY, 2020-2027 (USD MILLION)