Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Solar Thermal Panels Market by Type (Flat, Tubular, Others), By Application (Water Heating, Air Conditioning, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Solar Thermal Panels Market by Type (Flat, Tubular, Others), By Application (Water Heating, Air Conditioning, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 213451 3300 Energy & Power 377 234 Pages 4.8 (48)
                                          

The global solar thermal panels market is expected to grow at a CAGR of around 8.5% during the forecast period, from 2021 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources and the rising awareness about environmental issues. The solar thermal panels are used for heating water and air conditioning purposes, which is one of the major factors driving this market. The flat type segment accounted for a significant share in 2017 owing to its low cost and ease of installation. However, tubular type segment is expected to grow at a higher rate during the forecast period due to its high efficiency levels and lower installation costs as compared with flat type segment.

  1. Solar thermal panels are a renewable energy source that can be used to heat water for homes and businesses.
  2. The cost of solar thermal panels has decreased in recent years, making them more affordable for homeowners and businesses.
  3. Solar thermal panels are environmentally friendly because they do not produce any greenhouse gases or other pollutants when generating electricity or heating water.
  4. Solar thermal panels can be installed on rooftops, which is an attractive option for many homeowners who want to save money on their utility bills by generating their own electricity from the sun's rays instead of paying a monthly fee to an electric company.
  5. The government offers tax credits and rebates for installing solar thermal panels, which makes them even more affordable than they already are.

Industry Growth Insights published a new data on “Solar Thermal Panels Market”. The research report is titled “Solar Thermal Panels Market research by Types (Flat, Tubular, Others), By Applications (Water Heating, Air Conditioning, Others), By Players/Companies Immergas, MHG Heating, Ratiotherm, APRICUS, TISUN, UNICAL, VIESSMANN, BDR Thermea, ELCO, FERROLI, Fondital, Beretta, Buderus, CORDIVARI, CTC Enertech Group, CUPA PIZARRAS, DE DIETRICH, HEWALEX Solar Collectors, Hoval Italia, Ideal Group, Acciona, Alubond Europe, SOLARFOCUS, Solfex, SOLIMPEKS Energy, Sun Rain, SUNERG SOLAR, Thermic Energy, Ariston, Baltur, THERMOROSSI, Vokera, Windhager Zentralheizung”.

Scope Of The Report

Report Attributes

Report Details

Report Title

Solar Thermal Panels Market Research Report

By Type

Flat, Tubular, Others

By Application

Water Heating, Air Conditioning, Others

By Companies

Immergas, MHG Heating, Ratiotherm, APRICUS, TISUN, UNICAL, VIESSMANN, BDR Thermea, ELCO, FERROLI, Fondital, Beretta, Buderus, CORDIVARI, CTC Enertech Group, CUPA PIZARRAS, DE DIETRICH, HEWALEX Solar Collectors, Hoval Italia, Ideal Group, Acciona, Alubond Europe, SOLARFOCUS, Solfex, SOLIMPEKS Energy, Sun Rain, SUNERG SOLAR, Thermic Energy, Ariston, Baltur, THERMOROSSI, Vokera, Windhager Zentralheizung

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

234

Number of Tables & Figures

164

Customization Available

Yes, the report can be customized as per your need.


Global Solar Thermal Panels Industry Outlook


Global Solar Thermal Panels Market Report Segments:

The global Solar Thermal Panels market is segmented on the basis of:

Types

Flat, Tubular, Others

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

Water Heating, Air Conditioning, Others

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:

  1. Immergas
  2. MHG Heating
  3. Ratiotherm
  4. APRICUS
  5. TISUN
  6. UNICAL
  7. VIESSMANN
  8. BDR Thermea
  9. ELCO
  10. FERROLI
  11. Fondital
  12. Beretta
  13. Buderus
  14. CORDIVARI
  15. CTC Enertech Group
  16. CUPA PIZARRAS
  17. DE DIETRICH
  18. HEWALEX Solar Collectors
  19. Hoval Italia
  20. Ideal Group
  21. Acciona
  22. Alubond Europe
  23. SOLARFOCUS
  24. Solfex
  25. SOLIMPEKS Energy
  26. Sun Rain
  27. SUNERG SOLAR
  28. Thermic Energy
  29. Ariston
  30. Baltur
  31. THERMOROSSI
  32. Vokera
  33. Windhager Zentralheizung

Global Solar Thermal Panels Market Overview


Highlights of The Solar Thermal Panels Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Flat
    2. Tubular
    3. Others
  1. By Application:

    1. Water Heating
    2. Air Conditioning
    3. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Solar Thermal Panels 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

Global Solar Thermal Panels Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


A solar thermal panel is a large, flat panel that uses the sun's energy to produce electricity. Solar thermal panels are usually made of several thin sheets of metal that are mounted on a frame. The panels absorb sunlight and heat up, which turns into electrons that can be used to power things like lights or appliances.

Some of the major players in the solar thermal panels market are Immergas, MHG Heating, Ratiotherm, APRICUS, TISUN, UNICAL, VIESSMANN, BDR Thermea, ELCO, FERROLI, Fondital, Beretta, Buderus, CORDIVARI, CTC Enertech Group, CUPA PIZARRAS, DE DIETRICH, HEWALEX Solar Collectors, Hoval Italia, Ideal Group, Acciona, Alubond Europe, SOLARFOCUS, Solfex, SOLIMPEKS Energy, Sun Rain, SUNERG SOLAR, Thermic Energy, Ariston, Baltur, THERMOROSSI, Vokera, Windhager Zentralheizung.

The solar thermal panels market is expected to grow at a compound annual growth rate of 8.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Solar Thermal Panels Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Solar Thermal Panels Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Solar Thermal Panels Market - Supply Chain
   4.5. Global Solar Thermal Panels Market Forecast
      4.5.1. Solar Thermal Panels Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Solar Thermal Panels Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Solar Thermal Panels Market Absolute $ Opportunity

5. Global Solar Thermal Panels Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Solar Thermal Panels Market Size and Volume Forecast by Type
      5.3.1. Flat
      5.3.2. Tubular
      5.3.3. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Solar Thermal Panels Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Solar Thermal Panels Market Size and Volume Forecast by Application
      6.3.1. Water Heating
      6.3.2. Air Conditioning
      6.3.3. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Solar Thermal Panels Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Solar Thermal Panels Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Solar Thermal Panels Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Solar Thermal Panels Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Solar Thermal Panels Demand Share Forecast, 2019-2026

9. North America Solar Thermal Panels Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Solar Thermal Panels Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Solar Thermal Panels Market Size and Volume Forecast by Application
      9.4.1. Water Heating
      9.4.2. Air Conditioning
      9.4.3. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Solar Thermal Panels Market Size and Volume Forecast by Type
      9.7.1. Flat
      9.7.2. Tubular
      9.7.3. Others
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Solar Thermal Panels Demand Share Forecast, 2019-2026

10. Latin America Solar Thermal Panels Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Solar Thermal Panels Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Solar Thermal Panels Market Size and Volume Forecast by Application
      10.4.1. Water Heating
      10.4.2. Air Conditioning
      10.4.3. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Solar Thermal Panels Market Size and Volume Forecast by Type
      10.7.1. Flat
      10.7.2. Tubular
      10.7.3. Others
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Solar Thermal Panels Demand Share Forecast, 2019-2026

11. Europe Solar Thermal Panels Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Solar Thermal Panels Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Solar Thermal Panels Market Size and Volume Forecast by Application
      11.4.1. Water Heating
      11.4.2. Air Conditioning
      11.4.3. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Solar Thermal Panels Market Size and Volume Forecast by Type
      11.7.1. Flat
      11.7.2. Tubular
      11.7.3. Others
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Solar Thermal Panels Demand Share, 2019-2026

12. Asia Pacific Solar Thermal Panels Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Solar Thermal Panels Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Solar Thermal Panels Market Size and Volume Forecast by Application
      12.4.1. Water Heating
      12.4.2. Air Conditioning
      12.4.3. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Solar Thermal Panels Market Size and Volume Forecast by Type
      12.7.1. Flat
      12.7.2. Tubular
      12.7.3. Others
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Solar Thermal Panels Demand Share, 2019-2026

13. Middle East & Africa Solar Thermal Panels Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Solar Thermal Panels Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Solar Thermal Panels Market Size and Volume Forecast by Application
      13.4.1. Water Heating
      13.4.2. Air Conditioning
      13.4.3. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Solar Thermal Panels Market Size and Volume Forecast by Type
      13.7.1. Flat
      13.7.2. Tubular
      13.7.3. Others
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Solar Thermal Panels Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Solar Thermal Panels Market: Market Share Analysis
   14.2. Solar Thermal Panels Distributors and Customers
   14.3. Solar Thermal Panels Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Immergas
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. MHG Heating
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Ratiotherm
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. APRICUS
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. TISUN
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. UNICAL
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. VIESSMANN
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. BDR Thermea
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. ELCO
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. FERROLI
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Fondital
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Beretta
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Buderus
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. CORDIVARI
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. CTC Enertech Group
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. CUPA PIZARRAS
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. DE DIETRICH
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. HEWALEX Solar Collectors
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. Hoval Italia
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. Ideal Group
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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