The global market for Solar Thermal Collectors was estimated at US$43.1 Billion in 2024 and is projected to reach US$66.0 Billion by 2030, growing at a CAGR of 7.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Solar Thermal Collectors market.
Global Solar Thermal Collectors Market - Key Trends and Drivers Summarized
How Are Solar Thermal Collectors Improving Energy Efficiency?
Solar thermal collectors capture sunlight and convert it into thermal energy, providing an efficient way to heat water, air, and other fluids for residential, commercial, and industrial use. These collectors are integral to solar heating systems and are widely used in applications such as space heating, water heating, and industrial process heating. Solar thermal collectors come in various designs, including flat-plate, evacuated tube, and parabolic trough collectors, each offering different levels of efficiency and capacity. As energy costs rise and the demand for sustainable solutions increases, solar thermal collectors are becoming essential components of modern energy systems.What Are the Key Segments in the Solar Thermal Collectors Market?
Key types include flat-plate collectors, evacuated tube collectors, and concentrating collectors, with flat-plate collectors holding the largest market share due to their cost-effectiveness and widespread use in residential water heating. Applications span residential water heating, commercial space heating, and industrial process heating, with residential water heating representing a significant segment driven by the need for cost-effective and eco-friendly heating solutions. End-users include households, commercial buildings, and industrial facilities, with households leading the market as they adopt solar heating systems to reduce energy costs and carbon emissions.How Are Solar Thermal Collectors Integrated Across Different Sectors?
In residential settings, solar thermal collectors are used to heat water for domestic purposes, such as showers, dishwashing, and space heating, reducing reliance on conventional energy sources. In commercial buildings, these collectors support space heating and hot water supply, contributing to energy efficiency and reduced operational costs in hotels, offices, and educational institutions. Industrial facilities use solar thermal collectors to generate heat for processes like drying, pasteurization, and desalination, supporting sustainable production practices and reducing fossil fuel consumption. Additionally, advancements in collector design, such as improved insulation and selective coatings, have enhanced the efficiency and durability of solar thermal collectors, enabling broader applications across various climates and industries.What Factors Are Driving the Growth in the Solar Thermal Collectors Market?
The growth in the Solar Thermal Collectors market is driven by several factors, including increasing demand for renewable energy solutions to reduce greenhouse gas emissions and energy costs. Advancements in collector technology, such as evacuated tube designs and concentrating collectors, have improved efficiency, supporting wider adoption across residential, commercial, and industrial sectors. The focus on energy efficiency, particularly in building heating systems, has further fueled demand as stakeholders seek to minimize energy consumption and enhance sustainability. Government incentives, subsidies, and regulations promoting solar energy adoption have also contributed to market expansion, encouraging investment in solar heating systems. Additionally, the growing awareness of the long-term cost savings associated with solar thermal collectors has driven adoption among households and businesses.SCOPE OF STUDY:
The report analyzes the Solar Thermal Collectors market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: Product (Non-Concentrating, Concentrating); Application (Industrial, Commercial, Residential)
- Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Non-Concentrating segment, which is expected to reach US$60.7 Billion by 2030 with a CAGR of a 7.6%. The Concentrating segment is also set to grow at 5.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $11.2 Billion in 2024, and China, forecasted to grow at an impressive 10.9% CAGR to reach $16.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Solar Thermal Collectors Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Solar Thermal Collectors Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Solar Thermal Collectors Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Alternate Energy Technologies, LLC, GREENoneTEC Solarindustrie GmbH, Heliodyne, Inc., HTP Comfort Solutions LLC., Ouraset and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 34 companies featured in this Solar Thermal Collectors market report include:
- Alternate Energy Technologies, LLC
- GREENoneTEC Solarindustrie GmbH
- Heliodyne, Inc.
- HTP Comfort Solutions LLC.
- Ouraset
- Solimpeks Solar Energy Corp.
- SunEarth, Inc.
- SUNERG Solar s.r.l.
- SunMaxx Solar, Inc.
- TVP Solar SA
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alternate Energy Technologies, LLC
- GREENoneTEC Solarindustrie GmbH
- Heliodyne, Inc.
- HTP Comfort Solutions LLC.
- Ouraset
- Solimpeks Solar Energy Corp.
- SunEarth, Inc.
- SUNERG Solar s.r.l.
- SunMaxx Solar, Inc.
- TVP Solar SA
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 89 |
| Published | June 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 43.1 Billion |
| Forecasted Market Value ( USD | $ 66 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
