openPR Logo
Press release

Solar Thermal Collectors Market 2022 Size, Share, Segments, Technologies, Applications, Verticals, Strategies and Regional Forecast to 2030

01-05-2022 10:08 AM CET | Energy & Environment

Press release from: Market Research Future - MRFR

Solar Thermal Collectors Market 2022 Size, Share, Segments,

Solar thermal collectors are heat exchangers which convert solar radiation into thermal energy. Inclination towards renewable energy and sustainable initiatives can induce demand for solar thermal collectors. The global solar thermal collectors market report by Market Research Future (MRFR) estimates the revenue and growth of the industry for the period of 2021 to 2028 (forecast period). The impact of the COVID-19 pandemic is also taken under consideration.

Market Scope

According to MRFR, the solar thermal collectors market size is expected to attain a global CAGR of 8.15% during the ongoing forecast period of 2021-2028. the market is likely to attain a global market revenue worth USD 41.96 Billion. Rise in renewable energy schemes and incentives for its adoption by industries for lowering the reliance on utilities for power can drive the market demand. Introduction of more affordable collectors and increasing awareness has boosted the sales of solar thermal collectors.

Get Free Sample PDF @

Development of new technologies which can increase its storage capacity and efficiency can drive its demand across residential buildings, commercial complexes, and special economic zones. The measures for curbing emission levels and demand for non-renewable energy are likely to bode well for the market. This is exemplified the goals of the European Union for reaching its energy conservation goal by 2050.


The global solar thermal collectors market is segmented by product type and application.

By product type, it is segmented into concentrating and non-concentrating. By concentrating, it is segmented into parabolic dish, parabolic trough, compound parabolic concentrator, and solar tower. By non-concentrating, it is divided into evacuated tube and flat plate. The non-concentrating solar thermal collector segment is expected to drive the market demand during the forecast period owing to its applications in water and space heating in buildings. On the other hand, the concentrating segment can possess a significant market share owing to the higher capacity compared to its counterpart. Its use by solar thermal power plants for producing huge temperatures for generating electricity can drive the segment growth.

By application, it is segmented into industrial, commercial, and residential. The residential segment is poised to capture a large share of the global solar thermal collectors market owing to high tariffs on power and large consumption of electricity. The expansion of the construction sector and the rapid pace of urbanization are likely to spur the segment growth in the right direction.

Request For Customization @

Regional Analysis

MRFR's analysis of the global solar thermal collectors market includes North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

Among these regions, the Asia Pacific has been observed to be the biggest contributor to growth for the global market. The APAC solar thermal collector regional market is expected to retain its leadership position as it grows at the highest CAGR over the review period. This is due to the rapid ongoing industrialization and urbanization in the region. Countries such as India, China, and several others in the region are emerging markets which have established themselves as manufacturing hubs. Moreover, the large population and high energy demands due to the use of internet and other usage of electricity can drive the market demand.

North America can account for a large market share due to concerns of depletion of fossil fuels and heating of swimming pools. Development of energy-efficient buildings for capturing the largest solar irradiance levels can trigger demand in the market. The use of solar thermal collectors for collecting energy during business hours can result in its adoption across industries.

Competitive Outlook

Ouraset, SunEarth, Sunerg Solar s.r.l., GREENONETEC SOLARINDUSTRIE GMBH, Heliodyne, Inc., Alternate Energy Technologies, LLC, HTP Comfort Solutions LLC, TVP Solar, Absolicon Solar Collector AB, and Solimpeks are key players of the global solar thermal collectors market.

Browse Complete Report @

Related Reports:-


Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America


+1 628 258 0071(US)

+44 2035 002 764(UK)


About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Solar Thermal Collectors Market 2022 Size, Share, Segments, Technologies, Applications, Verticals, Strategies and Regional Forecast to 2030 here

News-ID: 2517666 • Views: 450

More Releases from Market Research Future - MRFR

Off-Road Equipment Market Size Worth at USD 523 billion by 2038 | Caterpillar In …
Market Overview The off-road equipment market is projected to reach USD 523 billion and at a CAGR of 4 % by 2021-2028 during the forecast period. The consumers who operate off-road vehicles include off-road equipment carrying their tasks on and above ground. The off-road vehicles come in a wide range of styles, including big mining trucks, farm equipment and more. The main factor driving market expansion is the regulations governing large machinery.
Open IoT Platform Market is Anticipated to Reach US$ 59 Billion by 2030
Market Highlights The open IoT platform market is growing rapidly over 22% of CAGR and is expected to reach at approx. USD 59 Billion by the end of forecast period. As compared to other regions, the open IoT platform market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of open IoT platform
Digital Marketing Software Market Projected to Hit USD $264.5 Billion at a 19.20 …
Market Overview The Digital Marketing Software industry is expected to witness a growth of over USD 264.5 Billion by the year 2030 while registering a CAGR of 19.20%. The Digital Marketing Software market value was USD 23 million in the year 2019, it has witnessed a huge growth rate in a short period. The digital marketing share in the overall marketing budget of organizations and real-time marketing is on the rise,
Mobile Security Software to Will Receive Outstanding Growth of USD 42.13 Billion …
Market Overview: The market research made on the mobile security software shows a potential growth at the valuation of USD 42.13 Billion during the forecast timeline which with 2030 with a CAGR of 14.58%. The market for mobile security software is growing and further is likely to offer some of the best opportunities in the BFSI, defense, healthcare, government, IT, and telecom sector. There are some prominent drivers for such market growth

All 5 Releases

More Releases for Solar

Biohybrid Solar Cell Market Professional Survey Report 2022 - Jinko Solar, JA SO …
The Biohybrid Solar Cell Market Report 2022 provides a comprehensive analysis of observable trends and projections. This research shows how to attract a large number of customers. Our certified crew of economists, researchers, and advisers has made further attempts in projecting the global industry by utilising accredited global Biohybrid Solar Cell market information tools as well as various instruments and ways to successfully review and get information. The research argues
Home Solar Power System Market Size, Share, Trends, Growth - Tesla, Panasonic So …
The Global Home Solar Power System Market study includes new innovations, market dynamics, strategic profiling in terms of the future market strategies and shares for the subsectors of the industry. This research consists of details related to the size of the industries, the major players, markets, sales volume and value. This study offers a detail data on the historical data pointers as well as forecasts by region/country for the sectors
Solar PV Module Market Outlook To 2024 - Trina Solar, Canadian Solar Inc., JA So …
Solar PV module market from utility sector has witnessed a substantial growth globally in recent years. In the first quarter of the year, Vietnam's Ministry of Industry and Trade have talked about their FiT scheme related to utility-based solar power projects. Ongoing electrification programs and incentives benefit pertaining to grid connected power generation is surging the demand for on-grid solar PV modules. On-grid connection represented 55% of the overall solar
Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte …
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others. This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies such
Solar PV Module Market By Key Vendors: Trina Solar, Canadian Solar Inc., JA Sola …
UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook. Request for a sample of this research report @ Solar PV Module Market size
Global Solar Photovoltaic Installations Market 2017: Key Players – BENQ Solar, …
Summary adds “Solar Photovoltaic Installations Market 2017 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2022” reports to its database. This report provides in depth study of “Solar Photovoltaic Installations market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Solar Photovoltaic Installations  Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an