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.
- Solar thermal panels are a renewable energy source that can be used to heat water for homes and businesses.
- The cost of solar thermal panels has decreased in recent years, making them more affordable for homeowners and businesses.
- Solar thermal panels are environmentally friendly because they do not produce any greenhouse gases or other pollutants when generating electricity or heating water.
- 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.
- 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 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:
- 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
Highlights of The Solar Thermal Panels 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:
- Flat
- Tubular
- Others
- By Application:
- Water Heating
- Air Conditioning
- Others
- 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 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
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 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