Solar Thermal Collectors Market Research Report-Forecast till 2028

Solar Thermal Collectors Market Research Report by Product Type (Concentrating, Non-concentrating), Application (Residential, Industrial, Commercial) and Region-Global Forecast to 2028

ID: MRFR/E&P/5224-HCR | February 2021 | Region: Global | 185 pages

Solar Thermal Collectors Market Snapshot


Solar Thermal Collectors Market is projected to be worth USD 44.87 billion by 2028, registering a CAGR of 8.15% during the forecast period (2021 - 2028).


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.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.


Report Synopsis – Global Solar Thermal Collectors Market


This MRFR report offers objective analysis of the global solar thermal collectors 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- 2020

  • Forecast Period- from 2021 to 2028.


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


Product Type


Concentrating

  • Compound parabolic concentrator

  • Parabolic Dish

  • Parabolic Trough

  • Solar tower


Non-concentrating

  • Flat Plate

  • Evacuated Tube


Application



  • Residential

  • Industrial

  • Commercial 


Region



  • North America

  • Europe

  • Asia-Pacific (APAC)

  • Latin America

  • Middles Easy & Africa



Report Scope:
Report Attribute/Metric Details
  Market Size   2028: USD 44.87 billion
  CAGR   8.15% CAGR (2021-2028)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product Type and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • Introduction of more affordable collectors
  • Increasing awareness about renewable energy


  • 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 44.87 billion by 2028.

    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.