Market Insights

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.

Increasing environmental consciousness combined with a desire to move away from heavy reliance on increasingly expensive and rapidly depleting fossil fuel reserves have given rise to the demand for renewable energy. Since solar thermal collectors, as the name suggests, rely on solar power, the demand for the same has increased drastically. In residential, industrial and commercial applications, water heating, and air heating often have a high impact on energy consumption. The growing demand and need for energy efficiency propel the demand for solar thermal collectors. Energy efficiency has become vital due to rapid and ongoing industrialization and urbanization, thus driving the demand for solar thermal collectors, particularly in industrial applications in an effort to reduce overhead costs.

Solar thermal collectors have a high initial cost of investment which deters rapid adoption and hampers market growth. However, increasing focus and government support for the development of renewable energy technology is expected to lead to advancements in solar thermal technology which in turn, will provide the market with opportunities in the foreseeable future.

The report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.

Companies Covered – Global Solar Thermal Collectors Market

Alternate Energy Technologies, LLC. (US)
TVP Solar (Switzerland)
Ouraset(Turkey)
SunEarth (California)
GREENONETEC SOLARINDUSTRIE GMBH (Austria)
Absolicon Solar Collector AB (Sweden)
Sunerg Solar s.r.l. (Italy)
Solimpeks (Turkey)
Heliodyne, Inc.(California)
HTP Comfort Solutions LLC. (US)

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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 Type

Concentrating

Compound parabolic concentrator
Parabolic Dish
Parabolic Trough
Solar tower

Non-concentrating

Flat Plate
Evacuated Tube

Application

Residential
Industrial
Commercial

Region

North America
Europe
Asia-Pacific
Rest of the World

Other Description

Market Denomination- USD Mn
Base Year- 2017
Forecast Period- from 2018 to 2023

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Solar Thermal Collectors Market – Table of Content

1 Executive Summary

2 Market Introduction

2.1 Definition

2.2 Scope of the Study

2.3 Market Structure

2.4 Key Takeaways

2.5 Macro Factor Indicators Analysis

3 Market Insights

4 Research Methodology

4.1 Research Solution Type

4.2 Primary Research

4.3 Secondary Research

4.4 Market Size Estimation

4.5 Forecast Model

4.6 List of Assumptions

5 Market Dynamics

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

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6 Market Factor Analysis

6.1 Value Chain Analysis

6.2 Porter’s Five Forces Model

6.2.1 Threat of New Entrants

6.2.2 Bargaining Power of Suppliers

6.2.3 Bargaining Power of Buyers

6.2.4 Threat of Substitutes

6.2.5 Intensity of Rivalry

To be Continue ……..,