Global Solar Thermal Collectors Market Forecast: Industry Size, Growth and Analysis Insights
Report ID : 1365570 | Published : May 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Solar Thermal Collectors Market is categorized based on Type (Flat Plate Collectors, Evacuated Tube Collectors, Concentrated Solar Collectors) and Application (Residential, Commercial, Industrial, District Heating, Agricultural) and Technology (Thermal Energy Storage, Direct Use Systems, Hybrid Systems) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
Estimated at $2.5 billion in 2023, the Solar Thermal Collectors Market size is forecasted to reach $6.8 billion by 2033, exhibiting a CAGR of 10.4% between 2024 and 2033. The report includes various segments and analyzes key trends and factors that play a significant role in the market.
The Solar Thermal Collectors Market is experiencing a seismic shift due to the awareness of the world to the sustainable energy options and cut down carbon footprints which is among the key requirements. Organizations, companies and even governments want alternatives for fossil fuels and solar thermal technology is turning out to be an efficient way to utilize renewable energy. This market includes a wide range of devices capable of intercepting and storing solar energy in the form of heat and utilizing it for residential, commercial, and industrial uses. The expansion of the solar thermal sector enables the potential and the market size for solar thermal collectors to encompass emerging applications and further promote economic development.
Increasingly, the solar thermal systems are becoming more cost-effective and energy-efficient. This trend has started to materialize due to technological changes, favorable policies and alteration of consumption behavior towards cleaner alternatives. With a growing sector such as construction, many businesses are beginning to see the benefits of solar thermal solutions. The continuous development in storage technologies and hybrid systems gives solar energy a stronger potential to become a wider alternative for many cases due to it’s bigger potential and efficiency.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | SolarReserve, Rheem Manufacturing Company, Schott AG, GreenoneTec, Viessmann, Bosch Thermotechnology, Solex Thermal Science, Atherion, Tisun GmbH, SunMaxx Solar, Himin Solar, Kiturami |
| SEGMENTS COVERED |
By Type - Flat Plate Collectors, Evacuated Tube Collectors, Concentrated Solar Collectors
By Application - Residential, Commercial, Industrial, District Heating, Agricultural
By Technology - Thermal Energy Storage, Direct Use Systems, Hybrid Systems
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Solar Thermal Collectors Market Dynamics
The Solar Thermal Collectors Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Solar Thermal Collectors Market Segmentations
Market Breakup by Type
- Overview
- Flat Plate Collectors
- Evacuated Tube Collectors
- Concentrated Solar Collectors
Market Breakup by Application
- Overview
- Residential
- Commercial
- Industrial
- District Heating
- Agricultural
Market Breakup by Technology
- Overview
- Thermal Energy Storage
- Direct Use Systems
- Hybrid Systems
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Solar Thermal Collectors Market
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- SolarReserve
- Rheem Manufacturing Company
- Schott AG
- GreenoneTec
- Viessmann
- Bosch Thermotechnology
- Solex Thermal Science
- Atherion
- Tisun GmbH
- SunMaxx Solar
- Himin Solar
- Kiturami
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