SOLAR THERMAL COLLECTORS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Solar thermal collectors convert sunlight into usable thermal energy through a process of absorption, transfer, and storage of solar heat. These collectors are most commonly used for water and space heating purposes in the residential and commercial sectors. The global solar thermal collectors market has been witnessing steady growth over the past few years owing to supportive government policies promoting renewable energy and increasing awareness about eco-friendly energy solutions. Countries across Asia Pacific, Europe, and Latin America have implemented conducive regulations providing subsidies and tax benefits for the installation of solar thermal systems. Moreover, technological advancements have led to the development of more efficient collectors with lower costs.

Market Dynamics:

The global solar thermal collectors market is driven by supportive regulatory policies promoting renewable energy sources, rising electricity prices,growing environmental concerns regarding greenhouse gas emissions from conventional sources, and increasing adoption of solar projects in the industrial and commercial sectors. However, high initial installation costs, availability of lower-priced substitutes such as air-source heat pumps, and intermittency of solar energy continue to restrain the market growth. Opportunities for market expansion lies in R&D to develop advanced materials for cost-effective collectors, integration of thermal energy storage technologies, and favorable renewable portfolio standards in many nations aiming for net-zero emission targets.

Key Features of the Study:

• This report provides in-depth analysis of the global solar thermal collectors market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global solar thermal collectors market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Alternate Energy Technologies LLC., TVP Solar , Ouraset, SunEarth, Greenonetec Solarindustrie GMBH, Absolicon Solar Collector AB, Sunerg Solar s.r.l. , Solimpeks, Heliodyne Inc., HTP Comfort Solutions LLC, Photon Energy Systems Limited, Solareast Holdings Co Ltd., Greenonetec Solarindustrie GmBH, BTE Solar Co Ltd., and Linuo Ritter International Co. Ltd
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global solar thermal collectors market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global solar thermal collectors market

Detailed Segmentation-

• By Type:
• • Concentrating
  • Non-Concentrating
  • Flat Plate Collector
  • Evacuated Tube
  • Unglazed Water Collector
  • Air Collector
• By Application:
• • Residential
  • Commercial
  • Industrial
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Alternate Energy Technologies LLC.
  • TVP Solar
  • Ouraset
  • SunEarth
  • Greenonetec Solarindustrie GMBH
  • Absolicon Solar Collector AB
  • Sunerg Solar s.r.l.
  • Solimpeks
  • Heliodyne Inc.
  • HTP Comfort Solutions LLC
  • Photon Energy Systems Limited
  • Solareast Holdings Co Ltd.
  • Greenonetec Solarindustrie GmBH
  • BTE Solar Co Ltd.
  • Linuo Ritter International Co. Ltd