Solar Thermal Market - Growth, Future Prospects and Competitive Analysis, 2025

Description

List of Tables

The solar thermal market is anticipated to grow at a CAGR of 8.1% during the forecast period 2025 to 2033. This growth is driven by rising global efforts to decarbonize energy systems, coupled with government incentives promoting the adoption of renewable heating solutions. Solar thermal systems convert sunlight into heat for residential, commercial, and industrial applications - especially in regions with high solar insolation. These systems are increasingly favored for domestic hot water, space heating, industrial process heat, and solar cooling. As environmental concerns intensify, solar thermal technologies offer a cost-effective, sustainable alternative to fossil fuel-based heating systems.

Market Drivers

Rising Focus on Renewable Heat for Decarbonization

Global heating sectors account for over 40% of energy-related CO2 emissions. Solar thermal technologies provide a clean and efficient means of reducing emissions from buildings and industrial processes. Policies such as the EU's Renewable Energy Directive (RED III) and China's solar water heating mandates are pushing large-scale solar thermal adoption. For instance, in 2024, numerous governments across Europe and Asia invested in solar district heating networks - boosting long-term market potential.

Cost-Competitiveness and Energy Savings

Once installed, solar thermal systems provide long-term cost savings, especially in regions with high electricity or natural gas prices. Commercial and industrial sectors are particularly attracted to solar heat for pre-heating water or supporting thermal processes below 150°C. Countries like Mexico, India, and Germany have seen significant industrial adoption in sectors such as dairy, textiles, food processing, and pulp & paper.

Technological Advancements in Collector Design

Innovation in collector technologies (including better heat transfer fluids, improved insulation, and selective coatings) has significantly increased system efficiency. In particular, evacuated tube collectors with higher thermal performance in cold or cloudy climates have expanded the geographic scope of deployment. Integrated system designs that include thermal storage or hybrid photovoltaic-thermal (PVT) components further extend use cases.

Market Restraint

Lack of Awareness and Initial Capital Costs

Despite the proven benefits, lack of consumer awareness and relatively high upfront costs remain major barriers to widespread adoption - especially in low-income regions or among small businesses. Financial incentives such as subsidies or green loans are critical to offset these entry costs. Additionally, in markets with dominant low-cost natural gas infrastructure, the business case for solar thermal may be harder to justify without policy support.

Market Segmentation by Collector

The Collector segment includes Evacuated Tube Collectors, Flat Plate Collectors, Unglazed Water Collectors, and Air Collectors. Among these, Flat Plate Collectors generated the highest revenue in 2024, primarily due to their versatility and use in residential and commercial buildings. They are well-suited for moderate climates and low-temperature applications such as domestic water heating. Evacuated Tube Collectors, on the other hand, are expected to witness the highest CAGR from 2025 to 2033. Their ability to operate efficiently in low-irradiance or colder environments makes them ideal for regions with harsh winters or industrial applications requiring higher output temperatures. Advancements in vacuum insulation, absorber coatings, and anti-fouling materials further increase performance and durability. Unglazed Water Collectors are gaining traction in niche applications such as swimming pool heating or agricultural uses where low-cost, low-temperature heating is sufficient. Meanwhile, Air Collectors are finding adoption in commercial ventilation and solar drying applications, particularly in industries such as wood, tea, and spices.

Market Segmentation by Type

The Type segment is categorized into Thermosiphon and Pumped systems. Thermosiphon systems dominated revenue generation in 2024 due to their simplicity, cost-effectiveness, and widespread use in residential applications. They are highly popular in countries like India, Brazil, and South Africa, where decentralized water heating solutions are encouraged. Pumped systems are expected to register higher growth during the forecast period, especially in commercial and industrial segments. These systems allow for greater design flexibility and performance optimization, as they enable fluid circulation irrespective of the storage tank location. The increasing trend of integrating solar thermal with conventional backup heating or district heating networks further supports the growth of pumped configurations.

Geographic Trends

Geographically, Asia Pacific held the largest market share in 2024 and is projected to retain its dominance through 2033, with the highest CAGR as well. Countries such as China, India, and Japan are aggressively pushing solar thermal installations via mandates, subsidy programs, and awareness campaigns. China's vast residential and commercial sectors are significant contributors to global collector deployment, with millions of square meters of annual collector area additions. Europe remains a mature yet high-value market, especially in countries such as Germany, Austria, and Denmark, which are investing in solar district heating and decarbonized building retrofits. Government initiatives such as REPowerEU, along with national-level energy transition programs, are driving large-scale solar thermal integration in urban heating networks. Latin America, particularly Mexico and Brazil, is gaining momentum due to solar resource availability and national clean energy goals. Meanwhile, Middle East & Africa (MEA) offers strong future potential, driven by rising energy demand, high insolation levels, and a growing push toward clean industrial heat.

Competitive Trends

Key players in the market include CONA Solar, G2 Energy, GREENoneTEC Solarindustrie, Inventive Power, Linuo Ritter, Modulo Solar, Next Source, Ormat Technologies, Photon Energy Systems Limited, Ritter XL Solar, Solareast Group, Shandong Linuo New Energy, Sunoptimo, T.E SOLAR, and Vicot. These companies collectively invested in expanding collector production, enhancing international distribution networks, and developing turnkey thermal energy systems in 2024.

Between 2025 and 2033, leading companies are expected to focus on:

Hybrid integrations (solar + heat pumps or gas boilers)

District heating and industrial-scale systems

Strategic partnerships with engineering procurement and construction (EPC) firms

Digital monitoring and IoT-based performance analytics

Heat storage solutions to enhance dispatchability

GREENoneTEC and Solareast Group have been at the forefront of exporting large-scale collectors, while companies like Ormat and Sunoptimo are investing in modular system designs and solar-thermal hybridization with geothermal or biomass energy. Furthermore, regional companies such as Inventive Power and Modulo Solar are gaining ground in local industrial heat segments across Latin America.

Historical & Forecast Period

This study report represents an analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.

The current report comprises quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends & technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. The key data points that enable the estimation of Solar Thermal market are as follows:

Research and development budgets of manufacturers and government spending

Revenues of key companies in the market segment

Number of end users & consumption volume, price, and value.

Geographical revenues generated by countries considered in the report

Micro and macro environment factors that are currently influencing the Solar Thermal market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top-down and bottom-up approach for validation of market estimation assures logical, methodical, and mathematical consistency of the quantitative data.

Market Segmentation

Collector
Evacuated tube collector
Flat plate collector
Unglazed water collector
Air collector
Type
Thermosiphon
Pumped
System
Small Scale
Large scale
Application
Small scale DHW systems
Large scale DHW systems
Swimming pool heating
Solar combi systems
Others
End Use
Food & beverage
Textile
Chemical
Metal processing
Mining
Agriculture
Machinery and automotive
Others
Region Segment (2023-2033; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa

Key questions answered in this report

What are the key micro and macro environmental factors that are impacting the growth of Solar Thermal market?
What are the key investment pockets concerning product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2033.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Solar Thermal market?
Which is the largest regional market for Solar Thermal market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Solar Thermal market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Solar Thermal market worldwide?

Product Code: 141504-04-25

1. Preface

1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted

2. Executive Summary

2.1. Market Snapshot: Global Solar Thermal Market
2.2. Global Solar Thermal Market, By Collector, 2024 (US$ Million)
2.3. Global Solar Thermal Market, By Type, 2024 (US$ Million)
2.4. Global Solar Thermal Market, By System, 2024 (US$ Million)
2.5. Global Solar Thermal Market, By Application, 2024 (US$ Million)
2.6. Global Solar Thermal Market, By End Use, 2024 (US$ Million)
2.7. Global Solar Thermal Market, By Geography, 2024 (US$ Million)
2.8. Attractive Investment Proposition by Geography, 2024

3. Solar Thermal Market: Competitive Analysis

3.1. Market Positioning of Key Solar Thermal Market Vendors
3.2. Strategies Adopted by Solar Thermal Market Vendors

4. Solar Thermal Market: Macro Analysis & Market Dynamics

4.1. Introduction
4.2. Global Solar Thermal Market Value, 2023 - 2033, (US$ Million)
4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. Porter's Five Force Model
- 4.5.1. Supplier Power
- 4.5.2. Buyer Power
- 4.5.3. Threat Of Substitutes
- 4.5.4. Threat Of New Entrants
- 4.5.5. Competitive Rivalry
4.6. PESTEL Analysis
- 4.6.1. Political Landscape
- 4.6.2. Economic Landscape
- 4.6.3. Technology Landscape
- 4.6.4. Legal Landscape
- 4.6.5. Social Landscape

5. Solar Thermal Market: By Collector, 2023-2033, USD (Million)

5.1. Market Overview
5.2. Growth & Revenue Analysis: 2024 Versus 2033
5.3. Market Segmentation
- 5.3.1. Evacuated tube collector
- 5.3.2. Flat plate collector
- 5.3.3. Unglazed water collector
- 5.3.4. Air collector

6. Solar Thermal Market: By Type, 2023-2033, USD (Million)

6.1. Market Overview
6.2. Growth & Revenue Analysis: 2024 Versus 2033
6.3. Market Segmentation
- 6.3.1. Thermosiphon
- 6.3.2. Pumped

7. Solar Thermal Market: By System, 2023-2033, USD (Million)

7.1. Market Overview
7.2. Growth & Revenue Analysis: 2024 Versus 2033
7.3. Market Segmentation
- 7.3.1. Small Scale
- 7.3.2. Large scale

8. Solar Thermal Market: By Application, 2023-2033, USD (Million)

8.1. Market Overview
8.2. Growth & Revenue Analysis: 2024 Versus 2033
8.3. Market Segmentation
- 8.3.1. Small scale DHW systems
- 8.3.2. Large scale DHW systems
- 8.3.3. Swimming pool heating
- 8.3.4. Solar combi systems
- 8.3.5. Others

9. Solar Thermal Market: By End Use, 2023-2033, USD (Million)

9.1. Market Overview
9.2. Growth & Revenue Analysis: 2024 Versus 2033
9.3. Market Segmentation
- 9.3.1. Food & beverage
- 9.3.2. Textile
- 9.3.3. Chemical
- 9.3.4. Metal processing
- 9.3.5. Mining
- 9.3.6. Agriculture
- 9.3.7. Machinery and automotive
- 9.3.8. Others

10. North America Solar Thermal Market, 2023-2033, USD (Million)

10.1. Market Overview
10.2. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
10.3. Solar Thermal Market: By Type, 2023-2033, USD (Million)
10.4. Solar Thermal Market: By System, 2023-2033, USD (Million)
10.5. Solar Thermal Market: By Application, 2023-2033, USD (Million)
10.6. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
10.7. Solar Thermal Market: By Region, 2023-2033, USD (Million)
- 10.7.1. North America
  - 10.7.1.1. U.S.
    - 10.7.1.1.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 10.7.1.1.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 10.7.1.1.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 10.7.1.1.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 10.7.1.1.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
  - 10.7.1.2. Canada
    - 10.7.1.2.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 10.7.1.2.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 10.7.1.2.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 10.7.1.2.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 10.7.1.2.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
  - 10.7.1.3. Rest of North America
    - 10.7.1.3.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 10.7.1.3.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 10.7.1.3.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 10.7.1.3.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 10.7.1.3.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)

11. UK and European Union Solar Thermal Market, 2023-2033, USD (Million)

11.1. Market Overview
11.2. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
11.3. Solar Thermal Market: By Type, 2023-2033, USD (Million)
11.4. Solar Thermal Market: By System, 2023-2033, USD (Million)
11.5. Solar Thermal Market: By Application, 2023-2033, USD (Million)
11.6. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
11.7. Solar Thermal Market: By Region, 2023-2033, USD (Million)
- 11.7.1. UK and European Union
  - 11.7.1.1. UK
    - 11.7.1.1.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 11.7.1.1.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 11.7.1.1.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 11.7.1.1.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 11.7.1.1.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
  - 11.7.1.2. Germany
    - 11.7.1.2.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 11.7.1.2.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 11.7.1.2.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 11.7.1.2.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 11.7.1.2.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
  - 11.7.1.3. Spain
    - 11.7.1.3.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 11.7.1.3.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 11.7.1.3.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 11.7.1.3.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 11.7.1.3.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
  - 11.7.1.4. Italy
    - 11.7.1.4.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 11.7.1.4.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 11.7.1.4.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 11.7.1.4.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 11.7.1.4.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
  - 11.7.1.5. France
    - 11.7.1.5.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 11.7.1.5.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 11.7.1.5.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 11.7.1.5.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 11.7.1.5.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
  - 11.7.1.6. Rest of Europe
    - 11.7.1.6.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 11.7.1.6.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 11.7.1.6.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 11.7.1.6.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 11.7.1.6.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)

12. Asia Pacific Solar Thermal Market, 2023-2033, USD (Million)

12.1. Market Overview
12.2. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
12.3. Solar Thermal Market: By Type, 2023-2033, USD (Million)
12.4. Solar Thermal Market: By System, 2023-2033, USD (Million)
12.5. Solar Thermal Market: By Application, 2023-2033, USD (Million)
12.6. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
12.7. Solar Thermal Market: By Region, 2023-2033, USD (Million)
- 12.7.1. Asia Pacific
  - 12.7.1.1. China
    - 12.7.1.1.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 12.7.1.1.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 12.7.1.1.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 12.7.1.1.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 12.7.1.1.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
  - 12.7.1.2. Japan
    - 12.7.1.2.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 12.7.1.2.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 12.7.1.2.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 12.7.1.2.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 12.7.1.2.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
  - 12.7.1.3. India
    - 12.7.1.3.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 12.7.1.3.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 12.7.1.3.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 12.7.1.3.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 12.7.1.3.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
  - 12.7.1.4. Australia
    - 12.7.1.4.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 12.7.1.4.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 12.7.1.4.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 12.7.1.4.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 12.7.1.4.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
  - 12.7.1.5. South Korea
    - 12.7.1.5.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 12.7.1.5.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 12.7.1.5.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 12.7.1.5.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 12.7.1.5.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
  - 12.7.1.6. Rest of Asia Pacific
    - 12.7.1.6.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 12.7.1.6.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 12.7.1.6.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 12.7.1.6.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 12.7.1.6.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)

13. Latin America Solar Thermal Market, 2023-2033, USD (Million)

13.1. Market Overview
13.2. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
13.3. Solar Thermal Market: By Type, 2023-2033, USD (Million)
13.4. Solar Thermal Market: By System, 2023-2033, USD (Million)
13.5. Solar Thermal Market: By Application, 2023-2033, USD (Million)
13.6. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
13.7. Solar Thermal Market: By Region, 2023-2033, USD (Million)
- 13.7.1. Latin America
  - 13.7.1.1. Brazil
    - 13.7.1.1.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 13.7.1.1.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 13.7.1.1.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 13.7.1.1.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 13.7.1.1.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
  - 13.7.1.2. Mexico
    - 13.7.1.2.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 13.7.1.2.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 13.7.1.2.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 13.7.1.2.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 13.7.1.2.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
  - 13.7.1.3. Rest of Latin America
    - 13.7.1.3.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 13.7.1.3.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 13.7.1.3.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 13.7.1.3.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 13.7.1.3.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)

14. Middle East and Africa Solar Thermal Market, 2023-2033, USD (Million)

14.1. Market Overview
14.2. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
14.3. Solar Thermal Market: By Type, 2023-2033, USD (Million)
14.4. Solar Thermal Market: By System, 2023-2033, USD (Million)
14.5. Solar Thermal Market: By Application, 2023-2033, USD (Million)
14.6. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
14.7. Solar Thermal Market: By Region, 2023-2033, USD (Million)
- 14.7.1. Middle East and Africa
  - 14.7.1.1. GCC
    - 14.7.1.1.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 14.7.1.1.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 14.7.1.1.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 14.7.1.1.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 14.7.1.1.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
  - 14.7.1.2. Africa
    - 14.7.1.2.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 14.7.1.2.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 14.7.1.2.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 14.7.1.2.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 14.7.1.2.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)
  - 14.7.1.3. Rest of Middle East and Africa
    - 14.7.1.3.1. Solar Thermal Market: By Collector, 2023-2033, USD (Million)
    - 14.7.1.3.2. Solar Thermal Market: By Type, 2023-2033, USD (Million)
    - 14.7.1.3.3. Solar Thermal Market: By System, 2023-2033, USD (Million)
    - 14.7.1.3.4. Solar Thermal Market: By Application, 2023-2033, USD (Million)
    - 14.7.1.3.5. Solar Thermal Market: By End Use, 2023-2033, USD (Million)

15. Company Profile

15.1. CONA Solar
15.2. G2 Energy
15.3. GREENoneTEC Solarindustrie
15.4. Inventive Power
15.5. Linuo Ritter
15.6. Next Source
15.7. Ormat Technologies
15.8. Photon Energy Systems Limited
15.9. Ritter XL Solar
15.10. Solareast Group
15.11. Shandong Linuo New Energy
15.12. Sunoptimo
15.13. T.E SOLAR
15.14. Other Notable Players

Product Code: 141504-04-25

List of Tables

FIG. 1 Global Solar Thermal Market: Market Coverage
FIG. 2 Research Methodology and Data Sources
FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
FIG. 4 Global Solar Thermal Market: Quality Assurance
FIG. 5 Global Solar Thermal Market, By Collector, 2024
FIG. 6 Global Solar Thermal Market, By Type, 2024
FIG. 7 Global Solar Thermal Market, By System, 2024
FIG. 8 Global Solar Thermal Market, By Application, 2024
FIG. 9 Global Solar Thermal Market, By End Use, 2024
FIG. 10 Global Solar Thermal Market, By Geography, 2024
FIG. 11 Market Geographical Opportunity Matrix - Global Solar Thermal Market, 2024
FIG. 12 Market Positioning of Key Solar Thermal Market Players, 2024
FIG. 13 Global Solar Thermal Market, By Collector, 2024 Vs 2033, %
FIG. 14 Global Solar Thermal Market, By Type, 2024 Vs 2033, %
FIG. 15 Global Solar Thermal Market, By System, 2024 Vs 2033, %
FIG. 16 Global Solar Thermal Market, By Application, 2024 Vs 2033, %
FIG. 17 Global Solar Thermal Market, By End Use, 2024 Vs 2033, %
FIG. 18 U.S. Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 19 Canada Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 20 Rest of North America Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 21 UK Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 22 Germany Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 23 Spain Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 24 Italy Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 25 France Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 26 Rest of Europe Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 27 China Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 28 Japan Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 29 India Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 30 Australia Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 31 South Korea Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 32 Rest of Asia Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 33 Brazil Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 34 Mexico Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 35 Rest of Latin America Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 36 GCC Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 37 Africa Solar Thermal Market (US$ Million), 2023 - 2033
FIG. 38 Rest of Middle East and Africa Solar Thermal Market (US$ Million), 2023 - 2033

List of Figures

TABLE 1 Global Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 2 Global Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 3 Global Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 4 Global Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 5 Global Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 6 North America Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 7 North America Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 8 North America Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 9 North America Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 10 North America Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 11 U.S. Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 12 U.S. Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 13 U.S. Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 14 U.S. Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 15 U.S. Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 16 Canada Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 17 Canada Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 18 Canada Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 19 Canada Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 20 Canada Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 21 Rest of North America Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 22 Rest of North America Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 23 Rest of North America Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 24 Rest of North America Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 25 Rest of North America Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 26 UK and European Union Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 27 UK and European Union Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 28 UK and European Union Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 29 UK and European Union Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 30 UK and European Union Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 31 UK Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 32 UK Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 33 UK Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 34 UK Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 35 UK Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 36 Germany Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 37 Germany Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 38 Germany Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 39 Germany Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 40 Germany Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 41 Spain Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 42 Spain Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 43 Spain Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 44 Spain Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 45 Spain Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 46 Italy Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 47 Italy Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 48 Italy Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 49 Italy Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 50 Italy Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 51 France Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 52 France Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 53 France Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 54 France Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 55 France Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 56 Rest of Europe Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 57 Rest of Europe Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 58 Rest of Europe Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 59 Rest of Europe Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 60 Rest of Europe Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 61 Asia Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 62 Asia Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 63 Asia Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 64 Asia Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 65 Asia Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 66 China Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 67 China Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 68 China Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 69 China Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 70 China Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 71 Japan Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 72 Japan Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 73 Japan Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 74 Japan Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 75 Japan Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 76 India Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 77 India Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 78 India Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 79 India Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 80 India Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 81 Australia Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 82 Australia Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 83 Australia Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 84 Australia Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 85 Australia Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 86 South Korea Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 87 South Korea Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 88 South Korea Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 89 South Korea Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 90 South Korea Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 91 Latin America Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 92 Latin America Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 93 Latin America Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 94 Latin America Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 95 Latin America Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 96 Brazil Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 97 Brazil Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 98 Brazil Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 99 Brazil Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 100 Brazil Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 101 Mexico Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 102 Mexico Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 103 Mexico Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 104 Mexico Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 105 Mexico Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 106 Rest of Latin America Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 107 Rest of Latin America Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 108 Rest of Latin America Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 109 Rest of Latin America Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 110 Rest of Latin America Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 111 Middle East and Africa Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 112 Middle East and Africa Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 113 Middle East and Africa Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 114 Middle East and Africa Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 115 Middle East and Africa Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 116 GCC Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 117 GCC Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 118 GCC Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 119 GCC Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 120 GCC Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 121 Africa Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 122 Africa Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 123 Africa Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 124 Africa Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 125 Africa Solar Thermal Market By End Use, 2023-2033, USD (Million)
TABLE 126 Rest of Middle East and Africa Solar Thermal Market By Collector, 2023-2033, USD (Million)
TABLE 127 Rest of Middle East and Africa Solar Thermal Market By Type, 2023-2033, USD (Million)
TABLE 128 Rest of Middle East and Africa Solar Thermal Market By System, 2023-2033, USD (Million)
TABLE 129 Rest of Middle East and Africa Solar Thermal Market By Application, 2023-2033, USD (Million)
TABLE 130 Rest of Middle East and Africa Solar Thermal Market By End Use, 2023-2033, USD (Million)

Solar Thermal Market - Growth, Future Prospects and Competitive Analysis, 2025 - 2033

Description

Table of Contents

List of Tables

Market Segmentation

Key questions answered in this report

Table of Contents

1. Preface

2. Executive Summary

3. Solar Thermal Market: Competitive Analysis

4. Solar Thermal Market: Macro Analysis & Market Dynamics

5. Solar Thermal Market: By Collector, 2023-2033, USD (Million)

6. Solar Thermal Market: By Type, 2023-2033, USD (Million)

7. Solar Thermal Market: By System, 2023-2033, USD (Million)

8. Solar Thermal Market: By Application, 2023-2033, USD (Million)

9. Solar Thermal Market: By End Use, 2023-2033, USD (Million)

10. North America Solar Thermal Market, 2023-2033, USD (Million)

11. UK and European Union Solar Thermal Market, 2023-2033, USD (Million)

12. Asia Pacific Solar Thermal Market, 2023-2033, USD (Million)

13. Latin America Solar Thermal Market, 2023-2033, USD (Million)

14. Middle East and Africa Solar Thermal Market, 2023-2033, USD (Million)

15. Company Profile

List of Tables

List of Figures