Solar Thermal Market Volume Forecast and Value Chain Analysis 2024-2030

Solar Thermal Market Report Overview:

The research gives a comprehensive analysis of the Solar Thermal Market, including dynamic patterns, industry landscape, and all main market features. The Solar Thermal market research report also offers a thorough examination of the key players.

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Estimated Revenue Growth:

The Solar Thermal market size was valued at USD 21.55 Billion in 2022 and is expected to grow by 5.29% from 2023 to 2029, reaching nearly USD 30.91 Billion.

Solar Thermal Market Scope and Research Methodology:

The aim of this report is to assess and predict the size of the Solar Thermal market. It offers strategic profiles of significant market participants to provide an accurate depiction of the competitive landscape within the global Solar Thermal market. This includes a comprehensive analysis of recent developments such as new product launches, acquisitions, mergers, joint ventures, brand activities, and major players in the Solar Thermal industry. The report presents insights into industry trends, dynamics, and potentials, assisting professionals in staying informed about the latest trends and sector performance. This insight aids in predicting growth and decline in Solar Thermal market share over the forecast period.

In-depth understanding of the Solar Thermal industry was achieved through a combination of primary and secondary research methods. Various methodologies, including PESTLE, PORTER, and SWOT analysis, were employed to ensure accurate findings. SWOT analysis was employed to outline strengths, weaknesses, opportunities, and challenges for key players within the Solar Thermal industry. Additionally, the use of PORTER and PESTLE analysis allowed for an understanding of the microeconomic and macroeconomic factors influencing the Solar Thermal industry.

Market Dynamics:

Rapid technological advancements and increased investment in solar energy

The market is expanding as a result of solar energy’s rapid technological advancement, increased government and private sector investment, and the availability of solar thermal applications in the building industry. For example, Chinese flat plate collector manufacturers increased production volume by 21% in response to rising demand from the country’s construction industry for both external building integration and central collector fields, despite the fact that the global solar thermal market contracted in 2019.

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Solar Thermal Market Segmentation:

by Collector Type
1.Evacuated Tube Collector
2.Flat Plate Collector
3.Unglazed Water Collector
4.Air Collector
5.Others

The Solar Thermal Market is divided into five collector types: evacuated tube collectors, flat plate collectors, unglazed water collectors, air collectors, and others. The Evacuated Tube Collector segment held the greatest market share in 2022. The evacuated tube consists of a smaller glass tube. Because of its potential to reduce heat loss from the solar collector, this vacuum layer is an essential component of solar thermal systems. Evacuated tube collectors have a variety of applications, including solar water heating, drying, air heating, and desalination.

by Applications
1.Domestic Hot Water Systems
2.Large DHW Systems
3.Solar Combi Systems
4.Swimming Pool Heating
5.Others

The Solar Thermal Market is divided into five applications: domestic hot water systems, large DHW systems, solar combi systems, swimming pool heating, and others. The Domestic Hot Water Systems segment had the greatest market share in 2022. The segment’s rise is related to the increased usage of solar water heaters in households, which have various advantages such as high efficiency and a low carbon footprint. Furthermore, the flexibility of home hot water heaters to be installed in less space and at a cheaper cost than conventional solar PV panels is likely to drive segment expansion over the projection period.

by Type of System
1.Thermosiphon Solar
2.Heating Systems
3.Pumped Solar Heating System

Solar Thermal Market Key Players:

1.Siemens AG
2.Solareast Holdings Co. Ltd
3.Greenonetec Solarindustrie GmbH
4.BTE solar Co. Ltd
5.Linuo Ritter International Co. Ltd
6.Acciona
7. SolarReserve
8.Torresol Energy
9.Trivelli Energy
10.Sener
11. Lointek
12.SCHOTT
13. Abors green GmbH
14. Liontek Photon Energy Systems Limited.
15.BrightSource Energy
16. Abengoa Solar

Solar Thermal Market Regional Perspectives:

The report is segmented into several key countries, with market size, growth rate, import and export of Solar Thermal market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.

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Key Questions answered in the Solar Thermal Market Report are:

Which segment grabbed the largest share in the Solar Thermal market?
Which segment is expected to grow at a high rate during the forecast period?
How is the competitive scenario of the Solar Thermal market?
Which are the key factors driving the Solar Thermal market growth?
Which are the factors restraining the Solar Thermal market growth?
Which region holds the maximum share in the Solar Thermal market?
What will be the CAGR of the Solar Thermal market during the forecast period?
Which are the prominent players in the Solar Thermal market?

Key Offerings:

A detailed Analysis of the Market Overview
Market Share, Size Forecast by Revenue | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Table of Content: Solar Thermal Market

Part 01: Executive Summary

Part 02: Scope of the Solar Thermal Market Report

Part 03: Solar Thermal Market Landscape

Part 04: Solar Thermal Market Sizing

Part 05: Solar Thermal Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

About Maximize Market Research:

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