Global Solar Thermal Collector Market Growth 2023-2029

Global Solar Thermal Collector Market Growth 2023-2029

Solar Thermal Collector collects heat by absorbing sunlight. A collector is a device for capturing solar radiation. Solar radiation is energy in the form of electromagnetic radiation from the infrared (long) to the ultraviolet (short) wavelengths. The quantity of solar energy striking the Earth's surface (solar constant) averages about 1,000 watts per square meter under clear skies, depending upon weather conditions, location and orientation.

LPI (LP Information)' newest research report, the “Solar Thermal Collector Industry Forecast” looks at past sales and reviews total world Solar Thermal Collector sales in 2022, providing a comprehensive analysis by region and market sector of projected Solar Thermal Collector sales for 2023 through 2029. With Solar Thermal Collector sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar Thermal Collector industry.

This Insight Report provides a comprehensive analysis of the global Solar Thermal Collector landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solar Thermal Collector portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Solar Thermal Collector market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar Thermal Collector and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solar Thermal Collector.

The global Solar Thermal Collector market size is projected to grow from US$ 4935.3 million in 2022 to US$ 5820.9 million in 2029; it is expected to grow at a CAGR of 5820.9 from 2023 to 2029.

Global Solar Thermal Collector key players include GREENoneTEC, Viessmann Werke, Solectrol, Solhart, Dimas, etc. Global top five players hold a share about 5%.

China is the largest market, with a share about 80%, followed by Europe and North America, having a total share about 10 percent.

In terms of product, Evacuated Tube Collectors is the largest segment, with a share about 70%. And in terms of application, the application includes Space Heating Applications, Process Heat Applications, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Solar Thermal Collector market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Flat Plate Collectors

Evacuated Tube Collectors

Solar Air Collectors

Others

Segmentation by application

Space Heating Applications

Process Heat Applications

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

GREENoneTEC

Viessmann Werke

Solectrol

Solhart

Dimas

Wolf

Prime Laser Tech

Nobel Xilinakis

BDR Thermea

Modulo Solar

Hewalex

Ariston

Supreme Solar

Ritter Energie

Kuzeymak

Kingspan

Grammer Solar

Conserval Engineering

Sunrain

Himin

Shandong Sang Le

Yuansheng

Linuo Paradigma

HUAYANG

Sunshore

Key Questions Addressed in this Report

What is the 10-year outlook for the global Solar Thermal Collector market?

What factors are driving Solar Thermal Collector market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Solar Thermal Collector market opportunities vary by end market size?

How does Solar Thermal Collector break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.