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Solar Thermal Market Analysis 2024 and Forecasts 2032: Unveiling Growth Opportunities

Solar Thermal Market by Collector Type (Evacuated Tube Collector, Flat Plate Collector, Unglazed Water Collector, Air Collector), by Type of System (Thermosiphon Solar Heating Systems, Pumped Solar Heating System), by Application (Domestic Hot Water Systems, Large DHW Systems, Solar Combi Systems, Swimming Pool Heating, Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2024-2032

Nov 25 2024
Base Year: 2023
150 Pages
Market Research Future Logo

Solar Thermal Market Analysis 2024 and Forecasts 2032: Unveiling Growth Opportunities

Key Insights

The Solar Thermal Marketsize was valued at USD 22.54 Billion in 2023 and is projected to reach USD 31.25 Billion by 2032, exhibiting a CAGR of 4.8 % during the forecast period. Solar thermal energy refers to the use of the sun’s heat to produce electricity or heat something such as water. There are three main types: The type of Solar power technologies are concentrating solar power, solar water heating systems, and solar air heating systems. CSP uses a mirror or lens to focus the Sunlight to a single point of concentrated light with high temperatures that will turn the turbines and produce electricity. Solar hot water system entails the use of a collector to trap heat from the sun and warm water for use in homes or any other building. Solar air heating systems, in the same manner, use sunlight to condition air for space heating or drying. These technologies provide sustainable and clean electricity, heating and cooling, water, and industrial feedstock, to replace fossil fuel and support the environmental goals.

Solar Thermal Market Research Report - Market Size, Growth & Forecast

Solar Thermal Trends

  • Increasing adoption of solar thermal systems in commercial and residential buildings
  • Growing environmental concerns and government incentives
  • Technological advancements enhancing efficiency and reducing costs
  • Integration of solar thermal systems with other renewable energy technologies

Driving Forces: What's Propelling the Solar Thermal Market

  • Rising energy costs and environmental concerns
  • Growing awareness of renewable energy benefits
  • Government subsidies and incentives
  • Declining cost of solar thermal systems

Challenges and Restraints in the Solar Thermal Market

  • High upfront investment costs
  • Intermittent nature of solar energy
  • Lack of skilled professionals
  • Government regulations and permitting hurdles

Emerging Trends in Solar Thermal

  • Development of innovative solar thermal materials and technologies
  • Integration of solar thermal systems with blockchain technology
  • Decentralized solar thermal systems gaining popularity
  • Hybrid solar thermal systems combining solar and other renewable energy sources

Growth Catalysts in the Solar Thermal Industry

Solar Thermal Market Growth
  • Increasing focus on energy security and sustainability
  • Technological advancements leading to cost reduction and efficiency improvement
  • Rise in urbanization and industrialization
  • Favorable government policies and regulations

Market Segmentation: Solar Thermal Analysis

Collector Type:

  • Evacuated Tube Collector
  • Flat Plate Collector
  • Unglazed Water Collector
  • Air Collector

Type of System:

  • Thermosiphon Solar Heating Systems
  • Pumped Solar Heating System

Application:

  • Domestic Hot Water Systems
  • Large DHW Systems
  • Solar Combi Systems
  • Swimming Pool Heating
  • Others

Leading Players in the Solar Thermal Market

  • BrightSource Energy 
  • Abengoa Solar
  • Siemens 
  • Acciona 
  • SolarReserve 
  • Torresol Energy 
  • Trivelli Energia  
  • Abors green GmbH
  • Parvolen 
  • CSP Technologies 

Significant Developments in the Solar Thermal Sector

  • Investment in research and development
  • Partnerships and collaborations between industry players
  • Government support for innovative technologies
  • Merger and acquisition activities to expand market reach

Comprehensive Coverage Solar Thermal Market Report

  • Market size and forecast for 2023-2030
  • In-depth analysis of market segments, including residential, commercial, and industrial
  • Extensive analysis of market drivers, such as rising energy costs, increasing government support, and technological advancements
  • Detailed regional analysis, covering key markets such as North America, Europe, Asia-Pacific, Latin America, and the Middle East
  • Comprehensive competitive landscape, including company profiles, SWOT analysis, and market share analysis
  • Identification of key opportunities, challenges, and growth strategies for market participants

Regional Insight

  • North America: Dominating the market due to favorable government policies and growing consumer awareness
  • Europe: Significant market growth driven by ambitious renewable energy targets
  • Asia-Pacific: Rapidly expanding market with China leading the growth
  • Latin America: High potential for growth due to increasing demand for sustainable solutions
  • Middle East and Africa: Emerging markets with significant potential for solar thermal adoption

Technology Analysis

  • Latest technological advancements and their impact
  • Emerging solar thermal technologies with high growth potential

Solar Thermal Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 4.8% from 2018-2032
Segmentation
    • By Collector Type
      • Evacuated Tube Collector
      • Flat Plate Collector
      • Unglazed Water Collector
      • Air Collector
    • By Type of System
      • Thermosiphon Solar Heating Systems
      • Pumped Solar Heating System
    • By Application
      • Domestic Hot Water Systems
      • Large DHW Systems
      • Solar Combi Systems
      • Swimming Pool Heating
      • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Benelux
      • Nordics
      • Rest of Europe
    • Middle East & Africa
      • Turkey
      • Israel
      • GCC
      • North Africa
      • South Africa
      • Rest of Middle East & Africa
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • ASEAN
      • Oceania
      • Rest of Asia Pacific

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Growing Focus on Safety and Organization to Fuel Market Growth
      • 3.3. Market Restrains
        • 3.3.1. Complex Planning and Delay in Authorization Procedures Can Hamper the Market Growth
      • 3.4. Market Trends
        • 3.4.1. Solar Energy to Play a Significant Role in Achieving Green Energy Targets
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Global Solar Thermal Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Collector Type
      • 5.1.1. Evacuated Tube Collector
      • 5.1.2. Flat Plate Collector
      • 5.1.3. Unglazed Water Collector
      • 5.1.4. Air Collector
    • 5.2. Market Analysis, Insights and Forecast - by Type of System
      • 5.2.1. Thermosiphon Solar Heating Systems
      • 5.2.2. Pumped Solar Heating System
    • 5.3. Market Analysis, Insights and Forecast - by Application
      • 5.3.1. Domestic Hot Water Systems
      • 5.3.2. Large DHW Systems
      • 5.3.3. Solar Combi Systems
      • 5.3.4. Swimming Pool Heating
      • 5.3.5. Others
    • 5.4. Market Analysis, Insights and Forecast - by Region
      • 5.4.1. North America
      • 5.4.2. South America
      • 5.4.3. Europe
      • 5.4.4. Middle East & Africa
      • 5.4.5. Asia Pacific
  6. 6. North America Solar Thermal Market Analysis, Insights and Forecast, 2018-2030
    • 6.1. Market Analysis, Insights and Forecast - by Collector Type
      • 6.1.1. Evacuated Tube Collector
      • 6.1.2. Flat Plate Collector
      • 6.1.3. Unglazed Water Collector
      • 6.1.4. Air Collector
    • 6.2. Market Analysis, Insights and Forecast - by Type of System
      • 6.2.1. Thermosiphon Solar Heating Systems
      • 6.2.2. Pumped Solar Heating System
    • 6.3. Market Analysis, Insights and Forecast - by Application
      • 6.3.1. Domestic Hot Water Systems
      • 6.3.2. Large DHW Systems
      • 6.3.3. Solar Combi Systems
      • 6.3.4. Swimming Pool Heating
      • 6.3.5. Others
  7. 7. South America Solar Thermal Market Analysis, Insights and Forecast, 2018-2030
    • 7.1. Market Analysis, Insights and Forecast - by Collector Type
      • 7.1.1. Evacuated Tube Collector
      • 7.1.2. Flat Plate Collector
      • 7.1.3. Unglazed Water Collector
      • 7.1.4. Air Collector
    • 7.2. Market Analysis, Insights and Forecast - by Type of System
      • 7.2.1. Thermosiphon Solar Heating Systems
      • 7.2.2. Pumped Solar Heating System
    • 7.3. Market Analysis, Insights and Forecast - by Application
      • 7.3.1. Domestic Hot Water Systems
      • 7.3.2. Large DHW Systems
      • 7.3.3. Solar Combi Systems
      • 7.3.4. Swimming Pool Heating
      • 7.3.5. Others
  8. 8. Europe Solar Thermal Market Analysis, Insights and Forecast, 2018-2030
    • 8.1. Market Analysis, Insights and Forecast - by Collector Type
      • 8.1.1. Evacuated Tube Collector
      • 8.1.2. Flat Plate Collector
      • 8.1.3. Unglazed Water Collector
      • 8.1.4. Air Collector
    • 8.2. Market Analysis, Insights and Forecast - by Type of System
      • 8.2.1. Thermosiphon Solar Heating Systems
      • 8.2.2. Pumped Solar Heating System
    • 8.3. Market Analysis, Insights and Forecast - by Application
      • 8.3.1. Domestic Hot Water Systems
      • 8.3.2. Large DHW Systems
      • 8.3.3. Solar Combi Systems
      • 8.3.4. Swimming Pool Heating
      • 8.3.5. Others
  9. 9. Middle East & Africa Solar Thermal Market Analysis, Insights and Forecast, 2018-2030
    • 9.1. Market Analysis, Insights and Forecast - by Collector Type
      • 9.1.1. Evacuated Tube Collector
      • 9.1.2. Flat Plate Collector
      • 9.1.3. Unglazed Water Collector
      • 9.1.4. Air Collector
    • 9.2. Market Analysis, Insights and Forecast - by Type of System
      • 9.2.1. Thermosiphon Solar Heating Systems
      • 9.2.2. Pumped Solar Heating System
    • 9.3. Market Analysis, Insights and Forecast - by Application
      • 9.3.1. Domestic Hot Water Systems
      • 9.3.2. Large DHW Systems
      • 9.3.3. Solar Combi Systems
      • 9.3.4. Swimming Pool Heating
      • 9.3.5. Others
  10. 10. Asia Pacific Solar Thermal Market Analysis, Insights and Forecast, 2018-2030
    • 10.1. Market Analysis, Insights and Forecast - by Collector Type
      • 10.1.1. Evacuated Tube Collector
      • 10.1.2. Flat Plate Collector
      • 10.1.3. Unglazed Water Collector
      • 10.1.4. Air Collector
    • 10.2. Market Analysis, Insights and Forecast - by Type of System
      • 10.2.1. Thermosiphon Solar Heating Systems
      • 10.2.2. Pumped Solar Heating System
    • 10.3. Market Analysis, Insights and Forecast - by Application
      • 10.3.1. Domestic Hot Water Systems
      • 10.3.2. Large DHW Systems
      • 10.3.3. Solar Combi Systems
      • 10.3.4. Swimming Pool Heating
      • 10.3.5. Others
  11. 11. North America Solar Thermal Market Analysis, Insights and Forecast, 2018-2030
      • 11.1. Market Analysis, Insights and Forecast - By Collector Type
        • 11.1.1 Evacuated Tube Collector
        • 11.1.2 Flat Plate Collector
        • 11.1.3 Unglazed Water Collector
        • 11.1.4 Air Collector
      • 11.2. Market Analysis, Insights and Forecast - By Type of System
        • 11.2.1 Thermosiphon Solar Heating Systems
        • 11.2.2 Pumped Solar Heating System
      • 11.3. Market Analysis, Insights and Forecast - By Application
        • 11.3.1 Domestic Hot Water Systems
        • 11.3.2 Large DHW Systems
        • 11.3.3 Solar Combi Systems
        • 11.3.4 Swimming Pool Heating
        • 11.3.5 Others
      • 11.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 11.4.1 United States
        • 11.4.2 Canada
        • 11.4.3 Mexico
        • 11.4.4 Rest of North America
  12. 12. Middle East & Africa Solar Thermal Market Analysis, Insights and Forecast, 2018-2030
      • 12.1. Market Analysis, Insights and Forecast - By Collector Type
        • 12.1.1 Evacuated Tube Collector
        • 12.1.2 Flat Plate Collector
        • 12.1.3 Unglazed Water Collector
        • 12.1.4 Air Collector
      • 12.2. Market Analysis, Insights and Forecast - By Type of System
        • 12.2.1 Thermosiphon Solar Heating Systems
        • 12.2.2 Pumped Solar Heating System
      • 12.3. Market Analysis, Insights and Forecast - By Application
        • 12.3.1 Domestic Hot Water Systems
        • 12.3.2 Large DHW Systems
        • 12.3.3 Solar Combi Systems
        • 12.3.4 Swimming Pool Heating
        • 12.3.5 Others
      • 12.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 12.4.1 UAE
        • 12.4.2 South Africa
        • 12.4.3 Saudi Arabia
        • 12.4.4 Rest of MEA
  13. 13. Asia Pacific Solar Thermal Market Analysis, Insights and Forecast, 2018-2030
      • 13.1. Market Analysis, Insights and Forecast - By Collector Type
        • 13.1.1 Evacuated Tube Collector
        • 13.1.2 Flat Plate Collector
        • 13.1.3 Unglazed Water Collector
        • 13.1.4 Air Collector
      • 13.2. Market Analysis, Insights and Forecast - By Type of System
        • 13.2.1 Thermosiphon Solar Heating Systems
        • 13.2.2 Pumped Solar Heating System
      • 13.3. Market Analysis, Insights and Forecast - By Application
        • 13.3.1 Domestic Hot Water Systems
        • 13.3.2 Large DHW Systems
        • 13.3.3 Solar Combi Systems
        • 13.3.4 Swimming Pool Heating
        • 13.3.5 Others
      • 13.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 13.4.1 China
        • 13.4.2 Japan
        • 13.4.3 India
        • 13.4.4 South Korea
        • 13.4.5 Taiwan
        • 13.4.6 Australia
        • 13.4.7 Rest of Asia-Pacific
  14. 14. Europe Solar Thermal Market Analysis, Insights and Forecast, 2018-2030
      • 14.1. Market Analysis, Insights and Forecast - By Collector Type
        • 14.1.1 Evacuated Tube Collector
        • 14.1.2 Flat Plate Collector
        • 14.1.3 Unglazed Water Collector
        • 14.1.4 Air Collector
      • 14.2. Market Analysis, Insights and Forecast - By Type of System
        • 14.2.1 Thermosiphon Solar Heating Systems
        • 14.2.2 Pumped Solar Heating System
      • 14.3. Market Analysis, Insights and Forecast - By Application
        • 14.3.1 Domestic Hot Water Systems
        • 14.3.2 Large DHW Systems
        • 14.3.3 Solar Combi Systems
        • 14.3.4 Swimming Pool Heating
        • 14.3.5 Others
      • 14.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 14.4.1 Germany
        • 14.4.2 France
        • 14.4.3 Italy
        • 14.4.4 United Kingdom
        • 14.4.5 Netherlands
        • 14.4.6 Rest of Europe
  15. 15. South America Solar Thermal Market Analysis, Insights and Forecast, 2018-2030
      • 15.1. Market Analysis, Insights and Forecast - By Collector Type
        • 15.1.1 Evacuated Tube Collector
        • 15.1.2 Flat Plate Collector
        • 15.1.3 Unglazed Water Collector
        • 15.1.4 Air Collector
      • 15.2. Market Analysis, Insights and Forecast - By Type of System
        • 15.2.1 Thermosiphon Solar Heating Systems
        • 15.2.2 Pumped Solar Heating System
      • 15.3. Market Analysis, Insights and Forecast - By Application
        • 15.3.1 Domestic Hot Water Systems
        • 15.3.2 Large DHW Systems
        • 15.3.3 Solar Combi Systems
        • 15.3.4 Swimming Pool Heating
        • 15.3.5 Others
      • 15.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 15.4.1 Brazil
        • 15.4.2 Argentina
        • 15.4.3 Rest of South America
  16. 16. Competitive Analysis
    • 16.1. Global Market Share Analysis 2023
      • 16.2. Company Profiles
        • 16.2.1 BrightSource Energy
          • 16.2.1.1. Overview
          • 16.2.1.2. Products
          • 16.2.1.3. SWOT Analysis
          • 16.2.1.4. Recent Developments
          • 16.2.1.5. Financials (Based on Availability)
        • 16.2.2 Abengoa Solar
          • 16.2.2.1. Overview
          • 16.2.2.2. Products
          • 16.2.2.3. SWOT Analysis
          • 16.2.2.4. Recent Developments
          • 16.2.2.5. Financials (Based on Availability)
        • 16.2.3 Siemens
          • 16.2.3.1. Overview
          • 16.2.3.2. Products
          • 16.2.3.3. SWOT Analysis
          • 16.2.3.4. Recent Developments
          • 16.2.3.5. Financials (Based on Availability)
        • 16.2.4 Acciona
          • 16.2.4.1. Overview
          • 16.2.4.2. Products
          • 16.2.4.3. SWOT Analysis
          • 16.2.4.4. Recent Developments
          • 16.2.4.5. Financials (Based on Availability)
        • 16.2.5 SolarReserve
          • 16.2.5.1. Overview
          • 16.2.5.2. Products
          • 16.2.5.3. SWOT Analysis
          • 16.2.5.4. Recent Developments
          • 16.2.5.5. Financials (Based on Availability)
        • 16.2.6 Torresol Energy
          • 16.2.6.1. Overview
          • 16.2.6.2. Products
          • 16.2.6.3. SWOT Analysis
          • 16.2.6.4. Recent Developments
          • 16.2.6.5. Financials (Based on Availability)
        • 16.2.7 Trivelli Energia
          • 16.2.7.1. Overview
          • 16.2.7.2. Products
          • 16.2.7.3. SWOT Analysis
          • 16.2.7.4. Recent Developments
          • 16.2.7.5. Financials (Based on Availability)
        • 16.2.8 Abors green GmbH
          • 16.2.8.1. Overview
          • 16.2.8.2. Products
          • 16.2.8.3. SWOT Analysis
          • 16.2.8.4. Recent Developments
          • 16.2.8.5. Financials (Based on Availability)
        • 16.2.9 Parvolen CSP Technologies
          • 16.2.9.1. Overview
          • 16.2.9.2. Products
          • 16.2.9.3. SWOT Analysis
          • 16.2.9.4. Recent Developments
          • 16.2.9.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Global Solar Thermal Market Revenue Breakdown (USD Billion, %) by Region 2023 & 2031
  2. Figure 2: Global Solar Thermal Market Revenue (USD Billion), by Collector Type 2023 & 2031
  3. Figure 3: Global Solar Thermal Market Revenue Share (%), by Collector Type 2023 & 2031
  4. Figure 4: Global Solar Thermal Market Forecast (USD Billion), by Evacuated Tube Collector 2020 & 2031
  5. Figure 5: Global Solar Thermal Market Forecast (USD Billion), by Flat Plate Collector 2020 & 2031
  6. Figure 6: Global Solar Thermal Market Forecast (USD Billion), by Unglazed Water Collector 2020 & 2031
  7. Figure 7: Global Solar Thermal Market Forecast (USD Billion), by Air Collector 2020 & 2031
  8. Figure 8: Global Solar Thermal Market Revenue (USD Billion), by Type of System 2023 & 2031
  9. Figure 9: Global Solar Thermal Market Revenue Share (%), by Type of System 2023 & 2031
  10. Figure 10: Global Solar Thermal Market Forecast (USD Billion), by Thermosiphon Solar Heating Systems 2020 & 2031
  11. Figure 11: Global Solar Thermal Market Forecast (USD Billion), by Pumped Solar Heating System 2020 & 2031
  12. Figure 12: Global Solar Thermal Market Revenue (USD Billion), by Application 2023 & 2031
  13. Figure 13: Global Solar Thermal Market Revenue Share (%), by Application 2023 & 2031
  14. Figure 14: Global Solar Thermal Market Forecast (USD Billion), by Domestic Hot Water Systems 2020 & 2031
  15. Figure 15: Global Solar Thermal Market Forecast (USD Billion), by Large DHW Systems 2020 & 2031
  16. Figure 16: Global Solar Thermal Market Forecast (USD Billion), by Solar Combi Systems 2020 & 2031
  17. Figure 17: Global Solar Thermal Market Forecast (USD Billion), by Swimming Pool Heating 2020 & 2031
  18. Figure 18: Global Solar Thermal Market Forecast (USD Billion), by Others 2020 & 2031
  19. Figure 19: Global Solar Thermal Market Revenue (USD Billion), by Region 2023 & 2031
  20. Figure 20: Global Solar Thermal Market Revenue Share (%), by Region 2023 & 2031
  21. Figure 21: North America Solar Thermal Market Revenue (USD Billion), by Collector Type 2023 & 2031
  22. Figure 22: North America Solar Thermal Market Revenue Share (%), by Collector Type 2023 & 2031
  23. Figure 23: North America Solar Thermal Market Revenue (USD Billion), by Type of System 2023 & 2031
  24. Figure 24: North America Solar Thermal Market Revenue Share (%), by Type of System 2023 & 2031
  25. Figure 25: North America Solar Thermal Market Revenue (USD Billion), by Application 2023 & 2031
  26. Figure 26: North America Solar Thermal Market Revenue Share (%), by Application 2023 & 2031
  27. Figure 27: North America Solar Thermal Market Revenue (USD Billion), by Country 2023 & 2031
  28. Figure 28: North America Solar Thermal Market Revenue Share (%), by Country 2023 & 2031
  29. Figure 29: Middle East & Africa Solar Thermal Market Revenue (USD Billion), by Collector Type 2023 & 2031
  30. Figure 30: Middle East & Africa Solar Thermal Market Revenue Share (%), by Collector Type 2023 & 2031
  31. Figure 31: Middle East & Africa Solar Thermal Market Revenue (USD Billion), by Type of System 2023 & 2031
  32. Figure 32: Middle East & Africa Solar Thermal Market Revenue Share (%), by Type of System 2023 & 2031
  33. Figure 33: Middle East & Africa Solar Thermal Market Revenue (USD Billion), by Application 2023 & 2031
  34. Figure 34: Middle East & Africa Solar Thermal Market Revenue Share (%), by Application 2023 & 2031
  35. Figure 35: Middle East & Africa Solar Thermal Market Revenue (USD Billion), by Country 2023 & 2031
  36. Figure 36: Middle East & Africa Solar Thermal Market Revenue Share (%), by Country 2023 & 2031
  37. Figure 37: Asia Pacific Solar Thermal Market Revenue (USD Billion), by Collector Type 2023 & 2031
  38. Figure 38: Asia Pacific Solar Thermal Market Revenue Share (%), by Collector Type 2023 & 2031
  39. Figure 39: Asia Pacific Solar Thermal Market Revenue (USD Billion), by Type of System 2023 & 2031
  40. Figure 40: Asia Pacific Solar Thermal Market Revenue Share (%), by Type of System 2023 & 2031
  41. Figure 41: Asia Pacific Solar Thermal Market Revenue (USD Billion), by Application 2023 & 2031
  42. Figure 42: Asia Pacific Solar Thermal Market Revenue Share (%), by Application 2023 & 2031
  43. Figure 43: Asia Pacific Solar Thermal Market Revenue (USD Billion), by Country 2023 & 2031
  44. Figure 44: Asia Pacific Solar Thermal Market Revenue Share (%), by Country 2023 & 2031
  45. Figure 45: Europe Solar Thermal Market Revenue (USD Billion), by Collector Type 2023 & 2031
  46. Figure 46: Europe Solar Thermal Market Revenue Share (%), by Collector Type 2023 & 2031
  47. Figure 47: Europe Solar Thermal Market Revenue (USD Billion), by Type of System 2023 & 2031
  48. Figure 48: Europe Solar Thermal Market Revenue Share (%), by Type of System 2023 & 2031
  49. Figure 49: Europe Solar Thermal Market Revenue (USD Billion), by Application 2023 & 2031
  50. Figure 50: Europe Solar Thermal Market Revenue Share (%), by Application 2023 & 2031
  51. Figure 51: Europe Solar Thermal Market Revenue (USD Billion), by Country 2023 & 2031
  52. Figure 52: Europe Solar Thermal Market Revenue Share (%), by Country 2023 & 2031
  53. Figure 53: South America Solar Thermal Market Revenue (USD Billion), by Collector Type 2023 & 2031
  54. Figure 54: South America Solar Thermal Market Revenue Share (%), by Collector Type 2023 & 2031
  55. Figure 55: South America Solar Thermal Market Revenue (USD Billion), by Type of System 2023 & 2031
  56. Figure 56: South America Solar Thermal Market Revenue Share (%), by Type of System 2023 & 2031
  57. Figure 57: South America Solar Thermal Market Revenue (USD Billion), by Application 2023 & 2031
  58. Figure 58: South America Solar Thermal Market Revenue Share (%), by Application 2023 & 2031
  59. Figure 59: South America Solar Thermal Market Revenue (USD Billion), by Country 2023 & 2031
  60. Figure 60: South America Solar Thermal Market Revenue Share (%), by Country 2023 & 2031
  61. Figure 61: North America Solar Thermal Market Revenue (USD Billion), by Collector Type 2023 & 2031
  62. Figure 62: North America Solar Thermal Market Revenue Share (%), by Collector Type 2023 & 2031
  63. Figure 63: North America Solar Thermal Market Revenue (USD Billion), by Type of System 2023 & 2031
  64. Figure 64: North America Solar Thermal Market Revenue Share (%), by Type of System 2023 & 2031
  65. Figure 65: North America Solar Thermal Market Revenue (USD Billion), by Application 2023 & 2031
  66. Figure 66: North America Solar Thermal Market Revenue Share (%), by Application 2023 & 2031
  67. Figure 67: North America Solar Thermal Market Revenue (USD Billion), by Country 2023 & 2031
  68. Figure 68: North America Solar Thermal Market Revenue Share (%), by Country 2023 & 2031
  69. Figure 69: South America Solar Thermal Market Revenue (USD Billion), by Collector Type 2023 & 2031
  70. Figure 70: South America Solar Thermal Market Revenue Share (%), by Collector Type 2023 & 2031
  71. Figure 71: South America Solar Thermal Market Revenue (USD Billion), by Type of System 2023 & 2031
  72. Figure 72: South America Solar Thermal Market Revenue Share (%), by Type of System 2023 & 2031
  73. Figure 73: South America Solar Thermal Market Revenue (USD Billion), by Application 2023 & 2031
  74. Figure 74: South America Solar Thermal Market Revenue Share (%), by Application 2023 & 2031
  75. Figure 75: South America Solar Thermal Market Revenue (USD Billion), by Country 2023 & 2031
  76. Figure 76: South America Solar Thermal Market Revenue Share (%), by Country 2023 & 2031
  77. Figure 77: Europe Solar Thermal Market Revenue (USD Billion), by Collector Type 2023 & 2031
  78. Figure 78: Europe Solar Thermal Market Revenue Share (%), by Collector Type 2023 & 2031
  79. Figure 79: Europe Solar Thermal Market Revenue (USD Billion), by Type of System 2023 & 2031
  80. Figure 80: Europe Solar Thermal Market Revenue Share (%), by Type of System 2023 & 2031
  81. Figure 81: Europe Solar Thermal Market Revenue (USD Billion), by Application 2023 & 2031
  82. Figure 82: Europe Solar Thermal Market Revenue Share (%), by Application 2023 & 2031
  83. Figure 83: Europe Solar Thermal Market Revenue (USD Billion), by Country 2023 & 2031
  84. Figure 84: Europe Solar Thermal Market Revenue Share (%), by Country 2023 & 2031
  85. Figure 85: Middle East & Africa Solar Thermal Market Revenue (USD Billion), by Collector Type 2023 & 2031
  86. Figure 86: Middle East & Africa Solar Thermal Market Revenue Share (%), by Collector Type 2023 & 2031
  87. Figure 87: Middle East & Africa Solar Thermal Market Revenue (USD Billion), by Type of System 2023 & 2031
  88. Figure 88: Middle East & Africa Solar Thermal Market Revenue Share (%), by Type of System 2023 & 2031
  89. Figure 89: Middle East & Africa Solar Thermal Market Revenue (USD Billion), by Application 2023 & 2031
  90. Figure 90: Middle East & Africa Solar Thermal Market Revenue Share (%), by Application 2023 & 2031
  91. Figure 91: Middle East & Africa Solar Thermal Market Revenue (USD Billion), by Country 2023 & 2031
  92. Figure 92: Middle East & Africa Solar Thermal Market Revenue Share (%), by Country 2023 & 2031
  93. Figure 93: Asia Pacific Solar Thermal Market Revenue (USD Billion), by Collector Type 2023 & 2031
  94. Figure 94: Asia Pacific Solar Thermal Market Revenue Share (%), by Collector Type 2023 & 2031
  95. Figure 95: Asia Pacific Solar Thermal Market Revenue (USD Billion), by Type of System 2023 & 2031
  96. Figure 96: Asia Pacific Solar Thermal Market Revenue Share (%), by Type of System 2023 & 2031
  97. Figure 97: Asia Pacific Solar Thermal Market Revenue (USD Billion), by Application 2023 & 2031
  98. Figure 98: Asia Pacific Solar Thermal Market Revenue Share (%), by Application 2023 & 2031
  99. Figure 99: Asia Pacific Solar Thermal Market Revenue (USD Billion), by Country 2023 & 2031
  100. Figure 100: Asia Pacific Solar Thermal Market Revenue Share (%), by Country 2023 & 2031
List of Tables
  1. Table 1: Global Solar Thermal Market Revenue USD Billion Forecast, by Collector Type 2018 & 2031
  2. Table 2: Global Solar Thermal Market Revenue USD Billion Forecast, by Type of System 2018 & 2031
  3. Table 3: Global Solar Thermal Market Revenue USD Billion Forecast, by Application 2018 & 2031
  4. Table 4: Global Solar Thermal Market Revenue USD Billion Forecast, by Region 2018 & 2031
  5. Table 5: Global Solar Thermal Market Revenue USD Billion Forecast, by Collector Type 2018 & 2031
  6. Table 6: Global Solar Thermal Market Revenue USD Billion Forecast, by Type of System 2018 & 2031
  7. Table 7: Global Solar Thermal Market Revenue USD Billion Forecast, by Application 2018 & 2031
  8. Table 8: Global Solar Thermal Market Revenue USD Billion Forecast, by Region 2018 & 2031
  9. Table 9: Global Solar Thermal Market Revenue USD Billion Forecast, by Collector Type 2018 & 2031
  10. Table 10: Global Solar Thermal Market Revenue USD Billion Forecast, by Type of System 2018 & 2031
  11. Table 11: Global Solar Thermal Market Revenue USD Billion Forecast, by Application 2018 & 2031
  12. Table 12: Global Solar Thermal Market Revenue USD Billion Forecast, by Country 2018 & 2031
  13. Table 13: United States Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  14. Table 14: Canada Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  15. Table 15: Mexico Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  16. Table 16: Rest of North America Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  17. Table 17: Global Solar Thermal Market Revenue USD Billion Forecast, by Collector Type 2018 & 2031
  18. Table 18: Global Solar Thermal Market Revenue USD Billion Forecast, by Type of System 2018 & 2031
  19. Table 19: Global Solar Thermal Market Revenue USD Billion Forecast, by Application 2018 & 2031
  20. Table 20: Global Solar Thermal Market Revenue USD Billion Forecast, by Country 2018 & 2031
  21. Table 21: UAE Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  22. Table 22: South Africa Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  23. Table 23: Saudi Arabia Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  24. Table 24: Rest of MEA Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  25. Table 25: Global Solar Thermal Market Revenue USD Billion Forecast, by Collector Type 2018 & 2031
  26. Table 26: Global Solar Thermal Market Revenue USD Billion Forecast, by Type of System 2018 & 2031
  27. Table 27: Global Solar Thermal Market Revenue USD Billion Forecast, by Application 2018 & 2031
  28. Table 28: Global Solar Thermal Market Revenue USD Billion Forecast, by Country 2018 & 2031
  29. Table 29: China Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  30. Table 30: Japan Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  31. Table 31: India Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  32. Table 32: South Korea Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  33. Table 33: Taiwan Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  34. Table 34: Australia Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  35. Table 35: Rest of Asia-Pacific Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  36. Table 36: Global Solar Thermal Market Revenue USD Billion Forecast, by Collector Type 2018 & 2031
  37. Table 37: Global Solar Thermal Market Revenue USD Billion Forecast, by Type of System 2018 & 2031
  38. Table 38: Global Solar Thermal Market Revenue USD Billion Forecast, by Application 2018 & 2031
  39. Table 39: Global Solar Thermal Market Revenue USD Billion Forecast, by Country 2018 & 2031
  40. Table 40: Germany Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  41. Table 41: France Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  42. Table 42: Italy Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  43. Table 43: United Kingdom Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  44. Table 44: Netherlands Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  45. Table 45: Rest of Europe Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  46. Table 46: Global Solar Thermal Market Revenue USD Billion Forecast, by Collector Type 2018 & 2031
  47. Table 47: Global Solar Thermal Market Revenue USD Billion Forecast, by Type of System 2018 & 2031
  48. Table 48: Global Solar Thermal Market Revenue USD Billion Forecast, by Application 2018 & 2031
  49. Table 49: Global Solar Thermal Market Revenue USD Billion Forecast, by Country 2018 & 2031
  50. Table 50: Brazil Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  51. Table 51: Argentina Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  52. Table 52: Rest of South America Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  53. Table 53: Global Solar Thermal Market Revenue USD Billion Forecast, by Collector Type 2018 & 2031
  54. Table 54: Global Solar Thermal Market Revenue USD Billion Forecast, by Type of System 2018 & 2031
  55. Table 55: Global Solar Thermal Market Revenue USD Billion Forecast, by Application 2018 & 2031
  56. Table 56: Global Solar Thermal Market Revenue USD Billion Forecast, by Country 2018 & 2031
  57. Table 57: United States Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  58. Table 58: Canada Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  59. Table 59: Mexico Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  60. Table 60: Global Solar Thermal Market Revenue USD Billion Forecast, by Collector Type 2018 & 2031
  61. Table 61: Global Solar Thermal Market Revenue USD Billion Forecast, by Type of System 2018 & 2031
  62. Table 62: Global Solar Thermal Market Revenue USD Billion Forecast, by Application 2018 & 2031
  63. Table 63: Global Solar Thermal Market Revenue USD Billion Forecast, by Country 2018 & 2031
  64. Table 64: Brazil Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  65. Table 65: Argentina Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  66. Table 66: Rest of South America Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  67. Table 67: Global Solar Thermal Market Revenue USD Billion Forecast, by Collector Type 2018 & 2031
  68. Table 68: Global Solar Thermal Market Revenue USD Billion Forecast, by Type of System 2018 & 2031
  69. Table 69: Global Solar Thermal Market Revenue USD Billion Forecast, by Application 2018 & 2031
  70. Table 70: Global Solar Thermal Market Revenue USD Billion Forecast, by Country 2018 & 2031
  71. Table 71: United Kingdom Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  72. Table 72: Germany Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  73. Table 73: France Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  74. Table 74: Italy Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  75. Table 75: Spain Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  76. Table 76: Russia Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  77. Table 77: Benelux Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  78. Table 78: Nordics Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  79. Table 79: Rest of Europe Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  80. Table 80: Global Solar Thermal Market Revenue USD Billion Forecast, by Collector Type 2018 & 2031
  81. Table 81: Global Solar Thermal Market Revenue USD Billion Forecast, by Type of System 2018 & 2031
  82. Table 82: Global Solar Thermal Market Revenue USD Billion Forecast, by Application 2018 & 2031
  83. Table 83: Global Solar Thermal Market Revenue USD Billion Forecast, by Country 2018 & 2031
  84. Table 84: Turkey Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  85. Table 85: Israel Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  86. Table 86: GCC Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  87. Table 87: North Africa Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  88. Table 88: South Africa Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  89. Table 89: Rest of Middle East & Africa Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  90. Table 90: Global Solar Thermal Market Revenue USD Billion Forecast, by Collector Type 2018 & 2031
  91. Table 91: Global Solar Thermal Market Revenue USD Billion Forecast, by Type of System 2018 & 2031
  92. Table 92: Global Solar Thermal Market Revenue USD Billion Forecast, by Application 2018 & 2031
  93. Table 93: Global Solar Thermal Market Revenue USD Billion Forecast, by Country 2018 & 2031
  94. Table 94: China Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  95. Table 95: India Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  96. Table 96: Japan Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  97. Table 97: South Korea Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  98. Table 98: ASEAN Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  99. Table 99: Oceania Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  100. Table 100: Rest of Asia Pacific Solar Thermal Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 4.8% from 2018-2032
Segmentation
    • By Collector Type
      • Evacuated Tube Collector
      • Flat Plate Collector
      • Unglazed Water Collector
      • Air Collector
    • By Type of System
      • Thermosiphon Solar Heating Systems
      • Pumped Solar Heating System
    • By Application
      • Domestic Hot Water Systems
      • Large DHW Systems
      • Solar Combi Systems
      • Swimming Pool Heating
      • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Benelux
      • Nordics
      • Rest of Europe
    • Middle East & Africa
      • Turkey
      • Israel
      • GCC
      • North Africa
      • South Africa
      • Rest of Middle East & Africa
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • ASEAN
      • Oceania
      • Rest of Asia Pacific

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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