SOLAR COLLECTOR TUBE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Market News

Recent Developments

New product launches

• In September 2022, Apricus Solar Co., a leading designer and manufacturer of solar hot water and hydronic heating products, launched a new evacuated tube solar collector called Etros with advanced coatings for improved efficiency. The new collector is aimed at residential and commercial heating applications. The company has grown into a global presence with offices in the U.S., Australia, France, and sales in more than 30 countries.
• In January 2021, Linuo Paradigma, , a subsidiary of Linuo Group Holdings Co., Ltd., is a prominent player in the solar energy industry, specializing in solar thermal products and solutions, launched the Roof Top Tent solar tube, a high-efficiency all-glass evacuated tube solar collector that is designed for hot water and heating applications. The new model features improved heat transfer and lower thermal losses.
• In November 2020, Solimpeks, a Turkey based company dedicated to manufacture and market solar thermal and photovoltaic thermal hybrid solar collectors worldwide introduced its Solytech solar tube collector for industrial process heat generation. The system can reach temperatures up to 400°C and is suited for food processing, chemical production, and other manufacturing applications. The company's broader product line is exported to 60 countries, with European Union countries comprising about 70% of sales.

Acquisition and partnerships

• In October 2022, Kingspan Group plc., a Ireland based a building materials company, acquired a majority stake in Solmogeneracion, a Spain based solar thermal company specializing in large systems for industrial process heat. The move expands Kingspan Group plc.'s solar thermal abilities.
• In December 2020, Viessmann Group GmbH & Co. KG, company manufacturing heating equipment, acquired a stake in Arcon-Sunmark, a leading Denmark based  solar thermal collector manufacturer. The partnership aims to accelerate Viessmann GmbH & Co. KG,'s solar heating business and product development. Viessmann Group GmbH & Co. KG produces oil-fired, condensing, gas-fired, and solid fuel-fired boilers, control technology, systems for photovoltaic, heat pumps, air-conditioning technology, home ventilation systems, and heating system components.