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

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) :

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