Global Solar Thermal Collectors Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

The Solar Thermal Collectors Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2031.

The Solar Thermal Collectors Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.

The solar thermal collectors market report has been segmented on the basis of product, application, and region.

This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.

Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.

Solar Thermal Collectors Market Overview:

“The Solar Thermal Collectors Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.

The solar thermal collector is specially designed in order to generate thermal energy using solar energy, which is provided for free by the sun.

These collectors are being used in commercial buildings, households, laboratories, research and development facilities, and industries.

On the basis of product, the non-concentrating segment is expected to hold a major revenue share in the global solar thermal collectors market. The non-concentrating segment includes unglazed water collectors, flat plates, air collectors, and evacuated tubes.

The revenue growth of the segment is attributed to the rising demand for products for industrial applications.

On the basis of application, the commercial segment is expected to hold a major revenue share in the global target market and is expected to maintain dominance for the next ten years.

Growing utilization of products in commercial constructions such as hotels and shopping malls is expected to support revenue growth of this segment over the forecast period.

The North American market is estimated to hold a major revenue share in the global solar thermal collectors market and is expected to maintain its dominance over the forecast period. Rising demand for solar thermal collectors for heating swimming pools and other commercial applications is expected to drive the North American solar thermal collectors market over the forecast period.

Growing awareness regarding the use of renewable energy over conventional energy sources in the region is expected to support revenue growth of the solar thermal collectors market in North America. Moreover, the presence of solar thermal collectors manufacturers is expected to fuel the revenue growth of the target market in the region.

North America accounts for the major revenue share contribution of the global market, followed by markets in Europe, Asia Pacific, Latin America, and the Middle East & Africa respectively.

Market segmentation and key players operating in the global solar thermal collectors market:

By product:

• Concentrating
• Non-concentrating
  • Flat Plate
  • Evacuated Tube
  • Unglazed Water Collector
  • Air Collector

By application:

• Residential
• Commercial
• Industrial

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa