Market Overview:
The global flat solar thermal collectors market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources and rising awareness about the benefits of using solar thermal collectors for various applications such as water heating, air conditioning, and other applications. Based on type, the global flat solar thermal collectors market can be segmented into water heating type, air conditioning type, and other types. The water heating type is expected to hold a major share of the global flat solar thermal collectors market during the forecast period owing to its growing demand for residential and commercial applications across different regions. Based on application, the global flat solar thermal collectors market can be segmented into commerce, residence, and other applications.
Product Definition:
A flat solar thermal collector is a type of solar thermal collector that is designed to be mounted on a roof or wall in a horizontal orientation. Flat solar thermal collectors are typically used for residential and commercial applications where space is limited. The importance of flat solar thermal collectors lies in their ability to efficiently collect heat from the sun and convert it into usable energy.
For Water Heating:
For water heating, solar thermal collectors use direct or indirect ( collector type) solar radiation to heat the water. The process does not require any fuelwood or other external energy source. It is a passive technology and works on the basis of thermodynamics and optical properties of light. Flat-plate collector is one such technology that uses sunlight to generate heat for residential applications including space heating, cooking, hot water generation and re-circulation etc.
For Air Conditioning:
For air conditioning, the equipment works by moving cooler outside air into a closed space, like a room or an automobile. The process is done to decrease the temperature inside the closed space so that it is comfortable. For solar thermal collectors, there are no compressorors and fans as in case of for air conditioning; instead heat transfer takes place between the object to be cooled and the ambient environment using conduction and convection radiation methods.
Application Insights:
The market is segmented on the basis of application into commercial, residential and others. The commercial sector dominated the global flat solar thermal collectors market in 2017, accounting for over 60% share of the overall revenue. Increasing number of shopping complexes, hotels and hospitals coupled with rising demand from water heating applications are expected to drive growth over the forecast period.
Commerce is anticipated to be one of the fastest-growing application segments during the forecast period owing to increasing investments by foreign companies in India and China as a result of attractive tax benefits offered by these countries on overseas investment.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in infrastructure development and rapid industrialization and commercialization of solar thermal energy in China, India, Japan, South Korea, Indonesia and Malaysia. In 2016, China accounted for more than 30% of global installations.
The growing number of projects is likely to boost demand over the coming years as it will reduce fossil fuel consumption for space heating and water heating applications. Furthermore, favorable government policies are expected to play a crucial role in promoting FITs deployment across residential as well as commercial sectors thereby driving industry growth during the forecast period.
Growth Factors:
- Increasing demand for flat solar thermal collectors from the residential and commercial sectors on account of their high efficiency and low cost as compared to traditional solar thermal collectors.
- Growing popularity of renewable energy sources over conventional ones, owing to concerns about global warming and climate change.
- Favorable government policies and incentives for adoption of solar energy across various countries worldwide.
- Technological advancements in flat solar thermal collector design and manufacturing that have resulted in higher efficiency levels and lower costs, making them more competitive against traditional technologies such as parabolic troughs or dishes collectors .
Scope Of The Report
Report Attributes
Report Details
Report Title
Flat Solar Thermal Collectors Market Research Report
By Type
For Water Heating, For Air Conditioning, Other
By Application
Commerce, Residence, Other
By Companies
SOLIMPEKS Solar, CUPA PIZARRAS, ELDOMINVEST, Immergas, ELCO, Riello, Vaillant, Buderus Heiztechnik, WAGNER & Co, BDR Thermea, APRICUS, HEWALEX Solar Collectors
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Flat Solar Thermal Collectors Market Report Segments:
The global Flat Solar Thermal Collectors market is segmented on the basis of:
Types
For Water Heating, For Air Conditioning, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commerce, Residence, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SOLIMPEKS Solar
- CUPA PIZARRAS
- ELDOMINVEST
- Immergas
- ELCO
- Riello
- Vaillant
- Buderus Heiztechnik
- WAGNER & Co
- BDR Thermea
- APRICUS
- HEWALEX Solar Collectors
Highlights of The Flat Solar Thermal Collectors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- For Water Heating
- For Air Conditioning
- Other
- By Application:
- Commerce
- Residence
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flat Solar Thermal Collectors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A flat solar thermal collector is a type of solar thermal collector that uses a large area to collect sunlight. This allows the collector to heat up more quickly, which in turn allows the system to produce more energy.
Some of the key players operating in the flat solar thermal collectors market are SOLIMPEKS Solar, CUPA PIZARRAS, ELDOMINVEST, Immergas, ELCO, Riello, Vaillant, Buderus Heiztechnik, WAGNER & Co, BDR Thermea, APRICUS, HEWALEX Solar Collectors.
The flat solar thermal collectors market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Flat Solar Thermal Collectors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Flat Solar Thermal Collectors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Flat Solar Thermal Collectors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Flat Solar Thermal Collectors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Flat Solar Thermal Collectors Market Size & Forecast, 2020-2028
4.5.1 Flat Solar Thermal Collectors Market Size and Y-o-Y Growth
4.5.2 Flat Solar Thermal Collectors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 For Water Heating
5.2.2 For Air Conditioning
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commerce
6.2.2 Residence
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Flat Solar Thermal Collectors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Flat Solar Thermal Collectors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 For Water Heating
9.6.2 For Air Conditioning
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commerce
9.10.2 Residence
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 For Water Heating
10.6.2 For Air Conditioning
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commerce
10.10.2 Residence
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 For Water Heating
11.6.2 For Air Conditioning
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commerce
11.10.2 Residence
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 For Water Heating
12.6.2 For Air Conditioning
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commerce
12.10.2 Residence
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 For Water Heating
13.6.2 For Air Conditioning
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commerce
13.10.2 Residence
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Flat Solar Thermal Collectors Market: Competitive Dashboard
14.2 Global Flat Solar Thermal Collectors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SOLIMPEKS Solar
14.3.2 CUPA PIZARRAS
14.3.3 ELDOMINVEST
14.3.4 Immergas
14.3.5 ELCO
14.3.6 Riello
14.3.7 Vaillant
14.3.8 Buderus Heiztechnik
14.3.9 WAGNER & Co
14.3.10 BDR Thermea
14.3.11 APRICUS
14.3.12 HEWALEX Solar Collectors
