Solar
Thermal Collectors Market Analysis
Market Research Future has published its report on the
global solar thermal collector market which projects and records several vital
factors and figures relevant to the market. MRFR's expert analysis of the
market has calculated growth at a healthy CAGR of 7.8% during the assessment
period from 2018 to 2023. This projection is expected to lead the market toward
revenue of USD 41,960 Mn by the end of 2023.
Solar collectors, aka solar hot water panels, are used
for applications in commercial, residential, and industrial scale. The global
solar thermal collectors market is seeing a favorable increase in recent years.
The emergence of affordable collectors and growing awareness concerning the
need to use renewable energy is boosting the sales and demand of solar thermal
collectors across the globe.
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Market Segmentation
MRFR has analyzed the market in its various parts to
provide a complete picture. As such, the global solar thermal collectors market
is segmented on the basis of product type, application, and region. Product types
available in the solar thermal collector market are broadly segmented into
concentrating, and non-concentrating. The concentrating segment is divided
further to include compound parabolic concentrator, parabolic dish, parabolic
trough, and solar tower. Meanwhile, the non-concentrating segment is segmented
further into flat plate and evacuated tube. The non-concentrating segment
accounts for both a dominant market share and fastest growth between the two
main segments.
Applications of solar thermal collectors are segmented
to include residential, industrial, and commercial. The industrial application
segment which is growing at the most rapid pace, also has the highest share of
the market, thus acquiring a leadership role in the global market.
Competitive Landscape
The global solar thermal collectors market comprises a
host of key players. This includes names like Greenonetec Solarindustrie Gmbh
(Austria), Alternate Energy Technologies, LLC. (US), SunEarth (California),
Heliodyne, Inc. (California), TVP Solar (Switzerland), Sunerg Solar S.R.L. (Italy),
Ouraset (Turkey), Solimpeks (Turkey), Absolicon Solar Collector AB (Sweden),
and HTP Comfort Solutions LLC. (US).
Browse Complete Solar Thermal Collectors Market Research Report at: https://www.marketresearchfuture.com/reports/solar-thermal-collectors-market-6687
Regional Analysis
The global solar thermal collectors market is
geographically distributed across the following key regions: Asia Pacific,
North America, Europe, and the Rest of the World (RoW).
The Asia Pacific region is the biggest contributing
region in the global solar thermal collectors market. The regional market is
further anticipated to maintain its stay at the top by attaining the highest
CAGR during the forecast period. The market herein is on a rapidly expanding
path due to the ongoing urbanization and industrialization in the region. The
presence of countries like China, India, and others is a major driving factor
for the regional market due these nations quickly establishing itself as some
of the leading manufacturing hubs. Furthermore, the regional market boasts a
huge population base, which has a massive energy demand. To meet this massive
demand, solar energy is being increasingly considered as a sustainable
solution.
Industry Buzz
July 2019, Savosolar have most recently got an orfer
from the Suur-Savon Sähkö Oy for a solar heating system. This is said to be the
largest solar heating system supplied in all of Finland.
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