Solar Thermal Market Analysis and Forecast to 2033: By System (Thermosiphon Solar Heating System, Pumped Solar Heating System), Collector Type (Evacuated Tube Collector, Flat Plate Collector, Unglazed Water Collector, Air Collector), Application (Hot Water Systems, Solar Combi Systems, Swimming Pool Heating, Others), End User (Residential, Commercial, Industrial), and Region

The Solar Thermal market size was USD 22.6 Billion in 2023 and is anticipated to reach USD 36.1 Billion in 2033, growing at a rate of 4.8% from 2024 to 2033.

Solar Thermal is a form of renewable energy that uses the sun’s energy to produce heat. Solar thermal systems use sunlight collected by solar thermal collectors to heat water, air, or other fluids. Solar thermal collectors are typically flat-plate collectors, which can be installed on buildings or in the ground and are designed to absorb the sun’s energy and convert it to heat. The heated fluid is then used for a variety of purposes, such as providing hot water for domestic use, space heating, industrial processes, or generating electricity.

Solar thermal systems are typically composed of two main components: a solar collector and a storage tank. The solar collector is responsible for absorbing and collecting the sun’s energy, while the storage tank is used to store the heated fluid. The size of the collector and storage tank depends on the amount of energy that needs to be collected and stored, as well as the desired temperature of the heated fluid. Solar thermal systems are typically designed to provide hot water for domestic use, but they can also be used to heat air or other fluids for industrial processes or to generate electricity.

Solar Thermal Market Scope and Report Structure
Report Attribute Details
Market Size in 2023USD 22.6 Billion
Market Size in 2033USD 36.1 Billion
Growth Rate (2024-33)4.8%
Historic Period2017-2022
Forecast Period2024-2033
Base Year2023
Segments CoveredSystem, Collector Type, Application, End User, and Region
Key CompaniesAES Solar (UK), Apollo Power Systems Pvt .Ltd. (India), Siemens AG (Germany), SolarUK Limited (UK), Solcrafte (Austria), Stiebel Eltron, Inc. (US), SunEarth (US), SunMaxx Solar (US), THERMIC (Greece), and THERMO|SOLAR Žiar s.r.o. (Slovakia).
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Key Trends

Solar thermal technology is an important part of the energy landscape and has been growing in popularity in recent years. It harnesses the sun’s energy to heat water, pool, or air for residential and commercial use. Solar thermal technology is becoming increasingly cost-effective and is seen as a viable alternative to traditional energy sources. As a result, there are a number of key trends in solar thermal technology that are worth noting.

One of the most significant trends is the emergence of more efficient and cost-effective solar thermal technologies. Advances in photovoltaic (PV) cells, heat exchangers, and other components have enabled the development of more efficient and cost-effective solar thermal systems. This has allowed more homeowners and businesses to adopt solar thermal technology as a viable alternative energy source.

Another key trend is the emergence of integrated solar thermal systems. This involves the combination of solar thermal and PV systems to provide a more efficient and cost-effective energy solution. This is particularly beneficial for larger businesses and organizations that require a significant amount of energy. By combining the two technologies, businesses can reduce their energy costs and generate more energy from the sun.

The use of solar thermal technology for heating and cooling is also becoming increasingly popular. Solar thermal systems can be used to provide hot water, heat, and air conditioning in residential and commercial buildings. This helps to reduce energy costs and improve the comfort of occupants.

The development of smart solar thermal systems is also a key trend in the industry. Smart solar thermal systems are designed to maximize the efficiency of solar thermal systems and reduce energy costs. Smart systems use sensors to monitor the environment and adjust the system accordingly. This helps to ensure that the system is running at its most efficient level and is using the most energy-efficient components.

Key Drivers

Solar thermal is a technology that captures the energy from the sun and converts it into useful thermal energy. Solar thermal technology has been used for centuries to heat buildings, provide hot water, and generate electricity. In recent years, solar thermal technology has become increasingly popular as a way to reduce energy costs and carbon emissions.

The key drivers of the solar thermal market are the increasing demand for renewable energy sources, technological advancements, government incentives and subsidies, and declining costs.

Firstly, the demand for renewable energy sources is increasing due to the urgent need to reduce greenhouse gas emissions and combat climate change. Solar thermal technology is an attractive option for meeting this demand as it produces no air pollutants or greenhouse gases. Additionally, solar thermal technology is becoming increasingly cost competitive with traditional energy sources.

Secondly, technological advancements are making solar thermal technology more efficient, reliable, and cost effective. Improvements in solar panel design and installation methods, advancements in thermal storage systems, and the development of efficient solar-thermal-conversion systems are making solar thermal a more viable option for residential and commercial applications.

Restraints & Challenges

The Solar Thermal market is subject to a number of key restraints and challenges that can limit its growth and potential. These include but are not limited to:

1. High Initial Cost: The initial cost of solar thermal systems is relatively high compared to other renewable energy sources. This high cost can be a deterrent for many potential customers who are looking for cost-effective renewable energy solutions.

2. Lack of Awareness: Despite the fact that solar thermal technology has been around for decades, there is still a lack of awareness among many potential customers. This lack of awareness can be a barrier to the adoption of solar thermal systems, as customers may not know enough about the technology to make an informed decision.

COVID-19 Impact

The global epidemic of COVID-19 has a detrimental influence on the solar thermal sector. The main issue is that corporations may be unable to satisfy project delivery dates, which may affect tax treatment or eligibility for state subsidies for such projects. To minimize the transmission of the virus to personnel, the City of Albuquerque Parks & Recreation announced the temporary closing of the Highland Pool in November 2020. Such interruptions in swimming pool facilities may have an indirect influence on the installation of solar thermal heating systems.

Following the pandemic breakout, the steady expansion in the building and tourist industries has increased demand for solar thermal systems. Various developing and industrialized nations’ governments have invested in the construction of solar thermal power plants to minimize their reliance on imported fossil fuels and other energy supplies. Furthermore, as people become more conscious of the effect of traditional water heating systems in residential applications, demand for solar thermal systems will rise. The current trend is projected to continue during the projection period.

Solar Thermal Market Segmental Overview

The report analyses the global Solar Thermal Market based on system, collector type, application, end user, and region.

Solar Thermal Market by End User

Based on end user, the Solar Thermal Market is segmented into residential, commercial, and industrial. The residential segment is expected to dominate the market during the forecast period. The majority of residential solar thermal system use is in the generation of hot water via a home hot water system. Increased investment in the construction sector for re-establishment and renovation will boost market growth. The existence of new legislation about implementing green building codes, such as energy conservation building codes in India, China, the United States, and others, will further boost market growth. The expansion of solar district heating projects worldwide is the most prominent driver of the residential solar thermal market. They play an important role in decarbonizing the heating sector and addressing the growing demand for eco-friendly heating solutions, such as residential water heating and space heating. During the projection period, the aforementioned reasons will give significant chances for market expansion.

Solar Thermal Market by System

By system, the market is classified into thermosiphon solar heating system and pumped solar heating system. The thermosiphon solar heating system segment dominated the market in 2023 in terms of revenue and is expected to dominate the market during the forecast period. Thermosiphoning is a technique used in heating and cooling applications such as heat pumps, water heaters, boilers, and furnaces to circulate liquids and volatile gases. Thermo-siphoning also occurs over temperature variations in the air, such as those used in solar chimneys. Demand for thermosiphon solar heating systems has increased as demand for renewable energy resources has increased. The aforementioned elements will give significant prospects for market expansion.

Solar Thermal Market by Collector Type

Based on collector type, the Solar Thermal Market is segmented into evacuated tube collector, flat plate collector, unglazed water collector, and air collector. In 2023, the evacuated tube collector segment dominated the market in terms of revenue and is expected to be the same during the upcoming years. Sunwater heating, sun drying, solar air heating, and solar desalination are all applications for evacuated tube collectors. The significant growth in electricity consumption, along with the steady loss of oil and gas supplies throughout the world, will fuel demand for the solar thermal sector. Furthermore, the massive use of oil and gas has harmed the ecosystem, putting oil and gas reserves on the verge of extinction. The increasing use of solar thermal power plants across the world, as well as continued investments in this sector, has resulted in a growth in demand for evacuated tube collectors, which are critical in converting solar radiation into heat and transferring heat to a medium. The existence of the aforementioned variables will present the industry with several prospects.

Solar Thermal Market by Application

Based on application, the Solar Thermal Market is segmented into hot water systems, solar combi systems, swimming pool heating, and others. The hot water systems segment is expected to dominate the market during the forecast period. The increased need for hot water from different domestic uses such as bathing, washing, cleaning, and cooking has increased the demand for environmentally friendly and sustainable technology such as solar thermal systems. Green technologies and sustainability are becoming more important as many states and towns around the country adopt regulatory measures to reduce greenhouse gas emissions and energy consumption in buildings, which are predicted to give enough prospects for market development.

Geographical Analysis of Solar Thermal Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific has the biggest market share in terms of Solar Thermal Market value followed by North America. India and China are key actors in this region, owing to their large populations and high energy consumption. As part of renewable energy, solar power in India is a rapidly growing business. Because building energy consumption accounts for more than a third of overall energy consumption in India, the government is pushing individuals to switch to solar thermal systems to minimize domestic energy consumption. By 2050, India is anticipated to have the world’s biggest urban population.

Furthermore, more than 70% of the structures that will stand in India in 2030 have yet to be erected. As a result, the need for energy-efficient residential and commercial buildings will rise. Additionally, a boom in local renewable energy producers to capture the potential of solar energy from buildings to fulfill future energy demand is projected. The governments of this region’s emerging countries have taken significant steps to create sustainable solar energy power plants, which will give enough prospects for the solar thermal industry to flourish.

Solar Thermal Market Players

Some of the key players of Solar Thermal market are AES Solar (UK), Apollo Power Systems Pvt .Ltd. (India), Siemens AG (Germany), SolarUK Limited (UK), Solcrafte (Austria), Stiebel Eltron, Inc. (US), SunEarth (US), SunMaxx Solar (US), THERMIC (Greece), and THERMO|SOLAR Žiar s.r.o. (Slovakia).

Recent Developments
  • One of Germany’s biggest solar process heat plants, a 1.5 MW vacuum tube collector field for a gas pressure regulation system, began operations on November 21, 2023. The 1.5 MW facility remarkably shows that local organization is possible for the commercial heat transition in Germany. A firm in the same federal state of Brandenburg, Akotec Produktionsgesellschaft, sourced the 165 collector panels, each measuring 13 m2. The University of Kassel in central Germany provided help to the German company Enertracting, which developed the project.
  • In the upcoming year, a number of concentrated solar process heat systems will come online in Flanders, in the northern part of Belgium. The 2.5 MW parabolic trough collector field at Turnhout-based Avery Dennison, a well-known worldwide packaging and materials firm, is the starting point. It was officially opened in early September 2023.
  • In July 2021, In Hyderabad, a Concentrated Solar Thermal (CST) testing facility was constructed to assist India’s burgeoning solar sector in testing the capabilities and performance of solar thermal components such as solar receiver tubes, heat transfer fluids, and concentrating mirrors.
Solar Thermal Market Report Coverage
  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Solar Thermal Market outlook and estimations from 2023 to 2033, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of the Solar Thermal Market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Solar Thermal industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country, market analysis is also presented in this report.
  • The Solar Thermal Market Study comprises an analysis of 23 countries. The research also encompasses a segment analysis of every country in terms of value (USD Million) throughout the study period.
  • Analytical depiction of the Solar Thermal Market along with current trends and future estimations to depict imminent investment pockets. The overall Solar Thermal industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Solar Thermal Market are also analyzed.
  • The report also involves market strategy factors such as the ANSOFF Matrix, 4Ps Model, Demand-Supply Analysis, Competition Product Analysis, Recent Developments, Consumer Buying Interest, and Supply Chain Analysis among others.

Frequently Asked Questions

Q1. How big is the Solar Thermal Market?

Ans. The global Solar Thermal Market size was US$ 22.6 billion in 2023 and is anticipated to reach US$ 36.1 billion in 2033, growing at a rate of 4.8% from 2023 to 2033.

Q2. What is the Solar Thermal Market growth rate?

Ans. The growth rate of the Solar Thermal Market is 4.8% from 2024 to 2033.

Q3. Which region holds a major market share for the Solar Thermal Market?

Ans. Asia Pacific holds a major market share of the Solar Thermal Market in 2023.

Q4. Which segment accounted for the largest Solar Thermal Market share?

Ans. Based on end user, the Solar Thermal Market is segmented into residential, commercial and industrial. The residential segment is expected to dominate the market during the forecast period.

Q5. Who are the key players in the Solar Thermal Market?

Ans. The global Solar Thermal Market report includes players such as AES Solar (UK), Apollo Power Systems Pvt .Ltd. (India), Siemens AG (Germany), SolarUK Limited (UK), Solcrafte (Austria), Stiebel Eltron, Inc. (US), SunEarth (US), SunMaxx Solar (US), THERMIC (Greece), and THERMO|SOLAR Žiar s.r.o. (Slovakia).

Q6. What are the factors driving the Solar Thermal Market growth?

Ans. The major factor driving the growth of the market is the Increasing Demand for renewable energy sources and technological advancements are making solar thermal technology more efficient, reliable, and cost effective.

Q7. What are the key growth strategies of Solar Thermal Market players?

Ans. The key growth strategies of Solar Thermal Market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the Solar Thermal Market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the Solar Thermal Market during the forecast period.

Why GIS?

Table of Contents

Chapter 1. Solar Thermal Market Overview
1.1. Objectives of the Study
1.2. Market Definition and Scope of the Report
1.3. Report Limitations
1.4. Years & Currency Considered in the Study
1.5. Research Methodologies
1.5.1. Secondary Research
1.5.1.1. Data Collection
1.5.1.2. List of Secondary Sources
1.5.1.3. Key Data from Secondary Sources
1.5.2. Primary Research
1.5.2.1. List of Primary Research Sources
1.5.3. Market Size Estimation: Top-Down Approach
1.5.4. Market Size Estimation: Bottom-Up Approach
1.5.5. Data Triangulation and Validation

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Opinion Leaders
2.3. Key Highlights of the Market, by End User
2.4. Key Highlights of the Market, by System
2.5. Key Highlights of the Market, by Collector Type
2.6. Key Highlights of the Market, by Application

Chapter 3. Premium Insights on the Market
3.1. Market Attractiveness Analysis, by Region
3.2. Market Attractiveness Analysis, by End User
3.3. Market Attractiveness Analysis, by System
3.4. Market Attractiveness Analysis, by Collector Type
3.5. Market Attractiveness Analysis, by Application

Chapter 4. Solar Thermal Market Outlook
4.1. Solar Thermal Market Segmentation
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.1.1. Driver 1
4.2.1.2. Driver 2
4.2.1.3. Driver 3
4.2.2. Market Restraints
4.2.2.1. Restraint 1
4.2.2.2. Restraint 2
4.2.3. Market Opportunities
4.2.3.1. Opportunity 1
4.2.3.2. Opportunity 2
4.3. Porter’s Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Buyers
4.3.4. Bargaining Power of Supplier
4.3.5. Competitive Rivalry
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.6. 4Ps Model
4.7. ANSOFF Matrix
4.8. Impact of COVID-19 on the Pharmacovigilance Market
4.9. Impact of the Russia-Ukraine War on the Pharmacovigilance Market
4.10. Parent Market Analysis
4.11. Supply-Demand Analysis
4.12. Consumer Buying Interest
4.13. Case Study Analysis
4.14. Pricing Analysis
4.15. Regulatory Landscape
4.16. Supply Chain Analysis
4.17. Competition Product Analysis
4.18. Recent Developments

Chapter 5. Solar Thermal Market, by End User
5.1. Market Overview
5.2. Residential
5.2.1. Key Market Trends & Opportunity Analysis
5.2.2. Market Size and Forecast, by Region
5.3. Commercial
5.3.1. Key Market Trends & Opportunity Analysis
5.3.2. Market Size and Forecast, by Region
5.4. Industrial
5.4.1. Key Market Trends & Opportunity Analysis
5.4.2. Market Size and Forecast, by Region

Chapter 6. Solar Thermal Market, by System
6.1. Market Overview
6.2. Thermosiphon Solar Heating System
6.2.1. Key Market Trends & Opportunity Analysis
6.2.2. Market Size and Forecast, by Region
6.3. Pumped Solar Heating System
6.3.1. Key Market Trends & Opportunity Analysis
6.3.2. Market Size and Forecast, by Region

Chapter 7. Solar Thermal Market, by Collector Type
7.1. Market Overview
7.2. Evacuated Tube Collector
7.2.1. Key Market Trends & Opportunity Analysis
7.2.2. Market Size and Forecast, by Region
7.3. Flat Plate Collector
7.3.1. Key Market Trends & Opportunity Analysis
7.3.2. Market Size and Forecast, by Region
7.4. Unglazed Water Collector
7.4.1. Key Market Trends & Opportunity Analysis
7.4.2. Market Size and Forecast, by Region
7.5. Air Collector
7.5.1. Key Market Trends & Opportunity Analysis
7.5.2. Market Size and Forecast, by Region

Chapter 8. Solar Thermal Market, by Application
8.1. Market Overview
8.2. Hot Water Systems
8.2.1. Key Market Trends & Opportunity Analysis
8.2.2. Market Size and Forecast, by Region
8.2.3. Market Size and Forecast, by Sub-Segment
8.2.3.1. Domestic
8.2.3.2. Large
8.3. Solar Combi Systems
8.3.1. Key Market Trends & Opportunity Analysis
8.3.2. Market Size and Forecast, by Region
8.4. Swimming Pool Heating
8.4.1. Key Market Trends & Opportunity Analysis
8.4.2. Market Size and Forecast, by Region
8.5. Others
8.5.1. Key Market Trends & Opportunity Analysis
8.5.2. Market Size and Forecast, by Region

Chapter 9. Solar Thermal Market, by Region
9.1. Overview
9.2. North America
9.2.1. Key Market Trends and Opportunities
9.2.2. North America Solar Thermal Market Size and Forecast, by End User
9.2.3. North America Solar Thermal Market Size and Forecast, by Collector Type
9.2.4. North America Solar Thermal Market Size and Forecast, by System
9.2.5. North America Solar Thermal Market Size and Forecast, by Application
9.2.6. The U.S.
9.2.6.1. The U.S. Solar Thermal Market Size and Forecast, by End User
9.2.6.2. The U.S. Solar Thermal Market Size and Forecast, by Collector Type
9.2.6.3. The U.S. Solar Thermal Market Size and Forecast, by System
9.2.6.4. The U.S. Solar Thermal Market Size and Forecast, by Application
9.2.7. Canada
9.2.7.1. Canada Solar Thermal Market Size and Forecast, by End User
9.2.7.2. Canada Solar Thermal Market Size and Forecast, by Collector Type
9.2.7.3. Canada Solar Thermal Market Size and Forecast, by System
9.2.7.4. Canada Solar Thermal Market Size and Forecast, by Application
9.2.8. Mexico
9.2.8.1. Mexico Solar Thermal Market Size and Forecast, by End User
9.2.8.2. Mexico Solar Thermal Market Size and Forecast, by Collector Type
9.2.8.3. Mexico Solar Thermal Market Size and Forecast, by System
9.2.8.4. Mexico Solar Thermal Market Size and Forecast, by Application
9.3. Europe
9.3.1. Key Market Trends and Opportunities
9.3.2. Europe Solar Thermal Market Size and Forecast, by End User
9.3.3. Europe Solar Thermal Market Size and Forecast, by Collector Type
9.3.4. Europe Solar Thermal Market Size and Forecast, by System
9.3.5. Europe Solar Thermal Market Size and Forecast, by Application
9.3.6. Europe Solar Thermal Market Size and Forecast, by Country
9.3.7. The UK
9.3.7.1. The UK Solar Thermal Market Size and Forecast, by End User
9.3.7.2. The UK Solar Thermal Market Size and Forecast, by Collector Type
9.3.7.3. The UK Solar Thermal Market Size and Forecast, by System
9.3.7.4. The UK Solar Thermal Market Size and Forecast, by Application
9.3.8. Germany
9.3.8.1. Germany Solar Thermal Market Size and Forecast, by End User
9.3.8.2. Germany Solar Thermal Market Size and Forecast, by Collector Type
9.3.8.3. Germany Solar Thermal Market Size and Forecast, by System
9.3.8.4. Germany Solar Thermal Market Size and Forecast, by Application
9.3.9. France
9.3.9.1. France Solar Thermal Market Size and Forecast, by End User
9.3.9.2. France Solar Thermal Market Size and Forecast, by Collector Type
9.3.9.3. France Solar Thermal Market Size and Forecast, by System
9.3.9.4. France Solar Thermal Market Size and Forecast, by Application
9.3.10. Spain
9.3.10.1. Spain Solar Thermal Market Size and Forecast, by End User
9.3.10.2. Spain Solar Thermal Market Size and Forecast, by Collector Type
9.3.10.3. Spain Solar Thermal Market Size and Forecast, by System
9.3.10.4. Spain Solar Thermal Market Size and Forecast, by Application
9.3.11. Italy
9.3.11.1. Italy Solar Thermal Market Size and Forecast, by End User
9.3.11.2. Italy Solar Thermal Market Size and Forecast, by Collector Type
9.3.11.3. Italy Solar Thermal Market Size and Forecast, by System
9.3.11.4. Italy Solar Thermal Market Size and Forecast, by Application
9.3.12. Netherlands
9.3.12.1. Netherlands Solar Thermal Market Size and Forecast, by End User
9.3.12.2. Netherlands Solar Thermal Market Size and Forecast, by Collector Type
9.3.12.3. Netherlands Solar Thermal Market Size and Forecast, by System
9.3.12.4. Netherlands Solar Thermal Market Size and Forecast, by Application
9.3.13. Sweden
9.3.13.1. Sweden Solar Thermal Market Size and Forecast, by End User
9.3.13.2. Sweden Solar Thermal Market Size and Forecast, by Collector Type
9.3.13.3. Sweden Solar Thermal Market Size and Forecast, by System
9.3.13.4. Sweden Solar Thermal Market Size and Forecast, by Application
9.3.14. Switzerland
9.3.14.1. Switzerland Solar Thermal Market Size and Forecast, by End User
9.3.14.2. Switzerland Solar Thermal Market Size and Forecast, by Collector Type
9.3.14.3. Switzerland Solar Thermal Market Size and Forecast, by System
9.3.14.4. Switzerland Solar Thermal Market Size and Forecast, by Application
9.3.15. Denmark
9.3.15.1. Denmark Solar Thermal Market Size and Forecast, by End User
9.3.15.2. Denmark Solar Thermal Market Size and Forecast, by Collector Type
9.3.15.3. Denmark Solar Thermal Market Size and Forecast, by System
9.3.15.4. Denmark Solar Thermal Market Size and Forecast, by Application
9.3.16. Finland
9.3.16.1. Finland Solar Thermal Market Size and Forecast, by End User
9.3.16.2. Finland Solar Thermal Market Size and Forecast, by Collector Type
9.3.16.3. Finland Solar Thermal Market Size and Forecast, by System
9.3.16.4. Finland Solar Thermal Market Size and Forecast, by Application
9.3.17. Russia
9.3.17.1. Russia Solar Thermal Market Size and Forecast, by End User
9.3.17.2. Russia Solar Thermal Market Size and Forecast, by Collector Type
9.3.17.3. Russia Solar Thermal Market Size and Forecast, by System
9.3.17.4. Russia Solar Thermal Market Size and Forecast, by Application
9.3.18. Rest of Europe
9.3.18.1. Rest of Europe Solar Thermal Market Size and Forecast, by End User
9.3.18.2. Rest of Europe Solar Thermal Market Size and Forecast, by Collector Type
9.3.18.3. Rest of Europe Solar Thermal Market Size and Forecast, by System
9.3.18.4. Rest of Europe Solar Thermal Market Size and Forecast, by Application
9.4. Asia-Pacific
9.4.1. Key Market Trends and Opportunities
9.4.2. Asia-Pacific Solar Thermal Market Size and Forecast, by End User
9.4.3. Asia-Pacific Solar Thermal Market Size and Forecast, by Collector Type
9.4.4. Asia-Pacific Solar Thermal Market Size and Forecast, by System
9.4.5. Asia-Pacific Solar Thermal Market Size and Forecast, by Application
9.4.6. Asia-Pacific Solar Thermal Market Size and Forecast, by Country
9.4.7. China
9.4.7.1. China Solar Thermal Market Size and Forecast, by End User
9.4.7.2. China Solar Thermal Market Size and Forecast, by Collector Type
9.4.7.3. China Solar Thermal Market Size and Forecast, by System
9.4.7.4. China Solar Thermal Market Size and Forecast, by Application
9.4.8. India
9.4.8.1. India Solar Thermal Market Size and Forecast, by End User
9.4.8.2. India Solar Thermal Market Size and Forecast, by Collector Type
9.4.8.3. India Solar Thermal Market Size and Forecast, by System
9.4.8.4. India Solar Thermal Market Size and Forecast, by Application
9.4.9. Japan
9.4.9.1. Japan Solar Thermal Market Size and Forecast, by End User
9.4.9.2. Japan Solar Thermal Market Size and Forecast, by Collector Type
9.4.9.3. Japan Solar Thermal Market Size and Forecast, by System
9.4.9.4. Japan Solar Thermal Market Size and Forecast, by Application
9.4.10. South Korea
9.4.10.1. South Korea Solar Thermal Market Size and Forecast, by End User
9.4.10.2. South Korea Solar Thermal Market Size and Forecast, by Collector Type
9.4.10.3. South Korea Solar Thermal Market Size and Forecast, by System
9.4.10.4. South Korea Solar Thermal Market Size and Forecast, by Application
9.4.11. Australia
9.4.11.1. Australia Solar Thermal Market Size and Forecast, by End User
9.4.11.2. Australia Solar Thermal Market Size and Forecast, by Collector Type
9.4.11.3. Australia Solar Thermal Market Size and Forecast, by System
9.4.11.4. Australia Solar Thermal Market Size and Forecast, by Application
9.4.12. Singapore
9.4.12.1. Singapore Solar Thermal Market Size and Forecast, by End User
9.4.12.2. Singapore Solar Thermal Market Size and Forecast, by Collector Type
9.4.12.3. Singapore Solar Thermal Market Size and Forecast, by System
9.4.12.4. Singapore Solar Thermal Market Size and Forecast, by Application
9.4.13. Indonesia
9.4.13.1. Indonesia Solar Thermal Market Size and Forecast, by End User
9.4.13.2. Indonesia Solar Thermal Market Size and Forecast, by Collector Type
9.4.13.3. Indonesia Solar Thermal Market Size and Forecast, by System
9.4.13.4. Indonesia Solar Thermal Market Size and Forecast, by Application
9.4.13.5. Indonesia Solar Thermal Market Size and Forecast, by Application
9.4.14. Taiwan
9.4.14.1. Taiwan Solar Thermal Market Size and Forecast, by End User
9.4.14.2. Taiwan Solar Thermal Market Size and Forecast, by Collector Type
9.4.14.3. Taiwan Solar Thermal Market Size and Forecast, by System
9.4.14.4. Taiwan Solar Thermal Market Size and Forecast, by Application
9.4.15. Malaysia
9.4.15.1. Malaysia Solar Thermal Market Size and Forecast, by End User
9.4.15.2. Malaysia Solar Thermal Market Size and Forecast, by Collector Type
9.4.15.3. Malaysia Solar Thermal Market Size and Forecast, by System
9.4.15.4. Malaysia Solar Thermal Market Size and Forecast, by Application
9.4.16. Rest of Asia-Pacific
9.4.16.1. Rest of Asia-Pacific Solar Thermal Market Size and Forecast, by End User
9.4.16.2. Rest of Asia-Pacific Solar Thermal Market Size and Forecast, by Collector Type
9.4.16.3. Rest of Asia-Pacific Solar Thermal Market Size and Forecast, by System
9.4.16.4. Rest of Asia-Pacific Solar Thermal Market Size and Forecast, by Application
9.5. Rest of the World
9.5.1. Key Market Trends and Opportunities
9.5.2. Rest of the World Solar Thermal Market Size and Forecast, by End User
9.5.3. Rest of the World Solar Thermal Market Size and Forecast, by Collector Type
9.5.4. Rest of the World Solar Thermal Market Size and Forecast, by System
9.5.5. Rest of the World Solar Thermal Market Size and Forecast, by Application
9.5.6. Rest of the World Solar Thermal Market Size and Forecast, by Country
9.5.7. Latin America
9.5.7.1. Latin America Solar Thermal Market Size and Forecast, by End User
9.5.7.2. Latin America Solar Thermal Market Size and Forecast, by Collector Type
9.5.7.3. Latin America Solar Thermal Market Size and Forecast, by System
9.5.7.4. Latin America Solar Thermal Market Size and Forecast, by Application
9.5.8. Middle East
9.5.8.1. Middle East Solar Thermal Market Size and Forecast, by End User
9.5.8.2. Middle East Solar Thermal Market Size and Forecast, by Collector Type
9.5.8.3. Middle East Solar Thermal Market Size and Forecast, by System
9.5.8.4. Middle East Solar Thermal Market Size and Forecast, by Application
9.5.9. Africa
9.5.9.1. Africa Solar Thermal Market Size and Forecast, by End User
9.5.9.2. Africa Solar Thermal Market Size and Forecast, by Collector Type
9.5.9.3. Africa Solar Thermal Market Size and Forecast, by System
9.5.9.4. Africa Solar Thermal Market Size and Forecast, by Application

Chapter 10. Competitive Landscape
10.1. Overview
10.2. Market Share Analysis/Key Player Positioning
10.3. Competitive Leadership Mapping
10.3.1. Star Players
10.3.2. Innovators
10.3.3. Emerging Players
10.4. Vendor Benchmarking
10.5. Developmental Strategy Benchmarking
10.5.1. New Product Developments
10.5.2. Product Launches
10.5.3. Business Expansions
10.5.4. Partnerships, Joint Ventures, and Collaborations
10.5.5. Mergers and Acquisitions

Chapter 11. Company Profiles
11.1. AES Solar (UK)
11.1.1. Company Overview
11.1.2. Company Snapshot
11.1.3. Business Segments
11.1.4. Business Performance
11.1.5. Product offerings
11.1.6. Key Developmental Strategies
11.1.7. SWOT Analysis
11.2. Apollo Power Systems Pvt .Ltd. (India)
11.2.1. Company Overview
11.2.2. Company Snapshot
11.2.3. Business Segments
11.2.4. Business Performance
11.2.5. Product offerings
11.2.6. Key Developmental Strategies
11.2.7. SWOT Analysis
11.3. Siemens AG (Germany)
11.3.1. Company Overview
11.3.2. Company Snapshot
11.3.3. Business Segments
11.3.4. Business Performance
11.3.5. Product offerings
11.3.6. Key Developmental Strategies
11.3.7. SWOT Analysis
11.4. SolarUK Limited (UK)
11.4.1. Company Overview
11.4.2. Company Snapshot
11.4.3. Business Segments
11.4.4. Business Performance
11.4.5. Product offerings
11.4.6. Key Developmental Strategies
11.4.7. SWOT Analysis
11.5. Solcrafte (Austria)
11.5.1. Company Overview
11.5.2. Company Snapshot
11.5.3. Business Segments
11.5.4. Business Performance
11.5.5. Product offerings
11.5.6. Key Developmental Strategies
11.5.7. SWOT Analysis
11.6. Stiebel Eltron, Inc. (US)
11.6.1. Company Overview
11.6.2. Company Snapshot
11.6.3. Business Segments
11.6.4. Business Performance
11.6.5. Product offerings
11.6.6. Key Developmental Strategies
11.6.7. SWOT Analysis
11.7. SunEarth (US)
11.7.1. Company Overview
11.7.2. Company Snapshot
11.7.3. Business Segments
11.7.4. Business Performance
11.7.5. Product offerings
11.7.6. Key Developmental Strategies
11.7.7. SWOT Analysis
11.8. SunMaxx Solar (US)
11.8.1. Company Overview
11.8.2. Company Snapshot
11.8.3. Business Segments
11.8.4. Business Performance
11.8.5. Product offerings
11.8.6. Key Developmental Strategies
11.8.7. SWOT Analysis
11.9. THERMIC (Greece)
11.9.1. Company Overview
11.9.2. Company Snapshot
11.9.3. Business Segments
11.9.4. Business Performance
11.9.5. Product offerings
11.9.6. Key Developmental Strategies
11.9.7. SWOT Analysis
11.10. THERMO|SOLAR Žiar s.r.o. (Slovakia)
11.10.1. Company Overview
11.10.2. Company Snapshot
11.10.3. Business Segments
11.10.4. Business Performance
11.10.5. Product offerings
11.10.6. Key Developmental Strategies
11.10.7. SWOT Analysis

*The list of companies is subject to change during the final compilation of the report
Market Segments

By System

  • Thermosiphon Solar Heating System
  • Pumped Solar Heating System

By Collector Type

  • Evacuated Tube Collector
  • Flat Plate Collector
  • Unglazed Water Collector
  • Air Collector

By Application

  • Hot Water Systems
    • Domestic
    • Large
  • Solar Combi Systems
  • Swimming Pool Heating
  • Others

By End User

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Order this Report

Have questions about the scope of the report ?

Have specific requirements ?

Budget Constraints ?

Related Reports

Hybrid power solutions typically involve the use of…
DC switchgear refers to a type of electrical…
A Gas Insulated Smart Ring Main Unit (GISRMU)…
Thin-film batteries are a type of rechargeable battery…
A lithium-ion capacitor (LIC) is a device that…
Plastic to fuel is the process of converting…
The Smart Grid Market size was USD 51.3…
The global dolomite mining market was valued at…
A porcelain surge arrester is a type of…
A flexible battery is a type of battery…