Solar Thermal Market
Solar Thermal Market - Global Industry Assessment & Forecast
Segments Covered
- By Applications Hot Water Systems, Solar Combi Systems, Swimming Pool Heating, Other Applications
- By End Uses Residential, Commercial, Industrial
- By Collector Types Evacuated Tube Collector, Flat Plate Collector, Unglazed Water Collector, Air Collector System, Thermosiphon Solar Heating System, Pumped Solar Heating System
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 20.94 Billion |
Revenue 2030: | USD 30.24 Billion |
Revenue CAGR (2023 - 2030): | 4.70% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Solar Thermal Market Segment Analysis
- Solar Thermal Applications Outlook (Revenue, USD Million, 2018 - 2030)
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- Solar Thermal End Uses Outlook (Revenue, USD Million, 2018 - 2030)
- Residential
- Commercial
- Industrial
- Solar Thermal Collector Types Outlook (Revenue, USD Million, 2018 - 2030)
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
-
North America Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
-
North America Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- U.S.
- U.S. Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- U.S. Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- U.S. Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- U.S. Solar Thermal Market, by Applications
- Canada
- Canada Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- Canada Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- Canada Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- Canada Solar Thermal Market, by Applications
-
Mexico
- Mexico Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- Mexico Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- Mexico Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- Mexico Solar Thermal Market, by Applications
-
North America Solar Thermal Market, by Applications
- Europe
-
Europe Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
-
Europe Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
-
Europe Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- U. K.
- U.K. Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- U.K. Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- U.K. Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- U.K. Solar Thermal Market, by Applications
- France
- France Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- France Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- France Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- France Solar Thermal Market, by Applications
-
Germany
- Germany Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- Germany Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- Germany Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- Germany Solar Thermal Market, by Applications
-
Italy
- Italy Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- Italy Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- Italy Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- Italy Solar Thermal Market, by Applications
-
Spain
- Spain Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- Spain Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- Spain Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- Spain Solar Thermal Market, by Applications
-
Rest of Europe
- Rest of Europe Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- Rest of Europe Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- Rest of Europe Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- Rest of Europe Solar Thermal Market, by Applications
-
Europe Solar Thermal Market, by Applications
- Asia Pacific
-
Asia Pacific Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
-
Asia Pacific Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
-
Asia Pacific Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- China
- China Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- China Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- China Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- China Solar Thermal Market, by Applications
- Japan
- Japan Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- Japan Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- Japan Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- Japan Solar Thermal Market, by Applications
-
Germany
- Germany Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- Germany Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- Germany Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- Germany Solar Thermal Market, by Applications
-
India
- India Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- India Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- India Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- India Solar Thermal Market, by Applications
-
South Korea
- South Korea Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- South Korea Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- South Korea Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- South Korea Solar Thermal Market, by Applications
-
South East Asia
- South East Asia Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- South East Asia Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- South East Asia Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- South East Asia Solar Thermal Market, by Applications
-
Rest of Asia Pacific
- Rest of Asia Pacific Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- Rest of Asia Pacific Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- Rest of Asia Pacific Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- Rest of Asia Pacific Solar Thermal Market, by Applications
-
Asia Pacific Solar Thermal Market, by Applications
- Latin America
-
Latin America Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
-
Latin America Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
-
Latin America Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- Brazil
- Brazil Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- Brazil Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- Brazil Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- Brazil Solar Thermal Market, by Applications
- Argentina
- Argentina Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- Argentina Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- Argentina Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- Argentina Solar Thermal Market, by Applications
-
Rest of Latin America
- Rest of Latin America Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- Rest of Latin America Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- Rest of Latin America Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- Rest of Latin America Solar Thermal Market, by Applications
-
Latin America Solar Thermal Market, by Applications
- Middle East & Africa
-
Middle East & Africa Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
-
Middle East & Africa Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
-
Middle East & Africa Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- GCC Countries
- GCC Countries Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- GCC Countries Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- GCC Countries Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- GCC Countries Solar Thermal Market, by Applications
- South Africa
- South Africa Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- South Africa Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- South Africa Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- South Africa Solar Thermal Market, by Applications
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Solar Thermal Market, by Applications
- Hot Water Systems
- Solar Combi Systems
- Swimming Pool Heating
- Other Applications
- Rest of Middle East & Africa Solar Thermal Market, by End Uses
- Residential
- Commercial
- Industrial
- Rest of Middle East & Africa Solar Thermal Market, by Collector Types
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector System
- Thermosiphon Solar Heating System
- Pumped Solar Heating System
- Rest of Middle East & Africa Solar Thermal Market, by Applications
-
Middle East & Africa Solar Thermal Market, by Applications
- North America
FAQ
Frequently Asked Question
What is the global demand for Solar Thermal in terms of revenue?
-
The global Solar Thermal valued at USD 20.94 Billion in 2022 and is expected to reach USD 30.24 Billion in 2030 growing at a CAGR of 4.70%.
Which are the prominent players in the market?
-
The prominent players in the market are Solareast Holdings Co. Ltd. (China), Greenonetec Solarindustrie GmbH (Austria), BTE Solar Co. Ltd (China), Linuo Ritter International Co. Ltd. (China), Photon Energy Systems Limited (India), BrightSourcEnergy (US), Abengoa Solar (Spain), Siemens AG (Germany), Acciona (Spain), SolarReserve (US), Torresol Energy (Spain), Trivelli Energy (Italy), Sener (Spain), Lointek (Spain), SCHOTT (Germany), Abors Green GmbH (Germany), Liontek (US).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.70% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Solar Thermal include
- Increasing Construction Industry
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Solar Thermal in 2022.