Solar Thermal Collectors Market Research Report-Forecast till 2023

Solar Thermal Collectors Market Research Report by Product Type (Concentrating, Non-concentrating), Application (Residential, Industrial, Commercial) and Region-Global Forecast to 2023

ID: MRFR/E&P/5224-HCR | February 2021 | Region: Global | 100 pages

Market Snapshot

The importance of technologies and hardware that support generation of renewable energy is more than ever before. A tremendous uptick in demand for products that generate clean and renewable energy has been observed in recent years. For the same reason, a growing market for solar thermal collectors has been identified. MRFR’s report projects that the global solar thermal collectors market will surpass a valuation of USD 41,900 Mn by the year 2023. Solar collectors are also known as solar hot water panels. They can be used in applications of residential, commercial and industry scale. Unlike solar power plants, collectors used in residential and commercial applications work on simple functioning models. Introduction of more affordable collectors and increasing awareness about renewable energy has boosted the sales of solar thermal collectors. The market is expected to witness a healthy growth during the assessment period (2018-2023).

Report Synopsis – Global Solar Thermal Collectors Market

This MRFR report offers objective analysis of the global solar thermal collectors market. It also includes a five-year (2018-2023) revenue forecast for the market. All the market-critical parameters have been considered in report for an effective assessment. A revenue analysis based on different types of solar thermal collectors such as compound parabolic concentrator, parabolic dish, parabolic trough, solar tower, non-concentrating, flat plate, evacuated tube. In this report, the application areas for solar thermal collectors covers residential commercial and industrial.

Companies Covered – Global Solar Thermal Collectors Market

Alternate Energy Technologies, LLC. (US), TVP Solar (Switzerland), Ouraset(Turkey), SunEarth (California), GREENONETEC SOLARINDUSTRIE GMBH (Austria), Absolicon Solar Collector AB (Sweden), Sunerg Solar s.r.l. (Italy), Solimpeks (Turkey), Heliodyne, Inc.(California), and HTP Comfort Solutions LLC. (US)

The report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.

Research Methodology

MRFR employs a critical research method, which is also interpretive. The statistical formulations involved in data sampling or data collection are comprehensive in nature. The accuracy of market assessment is based on representativeness of primary and secondary resource inputs. Attention is paid on a systematic categorization of resources. Reference from white papers, annual report, SEC filings etc. fall under secondary resource input while interactions and surveys are treated as primary data. Evaluation of the gathered information involves application of a highly dynamic data analysis technique. Further, utilization of top-down and bottom-up approaches ensure an error-free market projection.

Other Description

  • Market Denomination- USD Mn

  • Base Year- 2017

  • Forecast Period- from 2018 to 2023

For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for solar thermal collectors

Product Type


  • Compound parabolic concentrator

  • Parabolic Dish

  • Parabolic Trough

  • Solar tower


  • Flat Plate

  • Evacuated Tube


  • Residential

  • Industrial

  • Commercial 


  • North America

  • Europe

  • Asia-Pacific (APAC)

  • Latin America

  • Middles Easy & Africa

Frequently Asked Questions (FAQ) :

Increasing investments in renewable energy industry is prognosticated to drive the demand for solar thermal collectors.

The solar thermal collectors market has been anticipated to attain a valuation of over USD 41,900 Mn.

The contributors are Alternate Energy Technologies, LLC. (US), Ouraset(Turkey), TVP Solar (Switzerland), SunEarth (California), Absolicon Solar Collector AB (Sweden), GREENONETEC SOLARINDUSTRIE GMBH (Austria), Sunerg Solar s.r.l. (Italy), Heliodyne, Inc.(California), Solimpeks (Turkey), and HTP Comfort Solutions LLC. (US)

The segments of the solar thermal collectors market, by application, are residential, commercial, and industrial.

By product type, the segments of the solar thermal collectors market are concentrating and non-concentrating.