PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1836298
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1836298
Non-concentrating Solar Collector Market size was valued at US$ 14,234.45 Million in 2024, expanding at a CAGR of 15.0% from 2025 to 2032.
A Non-concentrating Solar Collector is a solar thermal apparatus intended to capture and transform sunlight into heat without the use of mirrors or lenses to focus the rays. In this type of collector, the area of the aperture that receives sunlight is equivalent to the absorber area that converts it into thermal energy, enabling it to gather both direct and diffuse radiation. This characteristic renders it effective even in overcast or hazy conditions. Non-concentrating collectors are typically simpler, more economical, and require less maintenance compared to concentrating systems, making them a favored option for residential, commercial, and small-scale industrial thermal energy requirements.
Non-concentrating Solar Collector Market- Market Dynamics
High awareness amongst the consumers about global warming and climate change is expected to drive the growth of market
As the adverse consequences of increasing global temperatures, extreme weather occurrences, and environmental deterioration become more apparent, individuals, businesses, and governments are progressively embracing sustainable energy solutions to minimize their carbon footprint. Non-concentrating solar collectors, recognized as a clean and renewable energy source, correspond with the rising demand for environmentally friendly technologies. 48% of U.S. consumers are willing to alter their consumption patterns to benefit the environment. These consumers allocated USD128.5 billion towards sustainable fast-moving consumer goods (FMCG) in 2018, based on eco-friendly statistics. Moreover, advancements such as enhanced insulation, anti-reflective and selective coatings, and modular mounts may present opportunities for market expansion. However, low thermal efficiency and spatial limitations could hinder market growth.
Non-concentrating Solar Collector Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 15.0% over the forecast period (2025-2032)
Based on Absorber Plates segmentation, Copper plates was predicted to show maximum market share in the year 2024
Based on application segmentation, Residential sector was the leading application in 2024
On the basis of region, Asia Pacific was the leading revenue generator in 2024
The Global Non-concentrating Solar Collector Market is segmented on the basis of Absorber Plates, Application, and Region.
The market is categorized into three segments based on Absorber Plates: Copper, Aluminum, and Steel Plates. Copper plates lead the market growth. The dominance of copper plates in market growth can be attributed to their exceptional thermal conductivity, high durability, and corrosion resistance, which render them highly effective in transferring heat from the absorber surface to the working fluid. The superior heat transfer characteristics of copper facilitate a quicker and more uniform temperature increase, thereby improving the overall efficiency of solar thermal systems. Furthermore, its mechanical strength and capacity to endure high pressures and diverse weather conditions render it a preferred option for durable collector designs. Although copper is comparatively more costly than alternative materials such as aluminum, its performance advantages, minimal maintenance needs, and extended service life continue to sustain its leadership in residential, commercial, and industrial solar thermal applications.
The market is categorized into three segments based on application: Residential, Commercial, and Industrial. The Residential sector is driving market growth due to the increasing demand for domestic hot water systems, space heating solutions, and small-scale renewable energy applications within homes. A heightened awareness of the advantages of clean energy, combined with government incentives, subsidies, and favorable net metering policies, has motivated more homeowners to embrace solar thermal technologies. Non-concentrating collectors, including flat plate and evacuated tube designs, are especially well-suited for residential applications as they are compact, efficient, and can function effectively even in diffuse sunlight conditions. Their relatively low installation and maintenance costs, along with the rising focus on minimizing household carbon footprints and energy expenses, continue to establish the residential sector as the leading end-user segment in this market.
Non-concentrating Solar Collector Market- Geographical Insights
The Asia Pacific region is at the forefront of market growth, driven by rapid urbanization, significant solar irradiance, and robust manufacturing capabilities. The swift expansion of cities in this region is amplifying the demand for sustainable and cost-efficient energy solutions, while the high levels of solar radiation create optimal conditions for the deployment of non-concentrating solar collectors. China is at the turn of this growth. In 2023, it installed 55% more solar capacity compared to the previous year, in contrast to 12% for the G7 nations and 5.9% for the rest of the globe. Regarding wind capacity, China's additions increased by 21% in 2023, while the G7 saw a rise of 4.5% and the rest of the world 5.3%. Europe ranks as the second-largest region for market growth, attributed to escalating environmental and climate concerns.
Major competitors strive to provide innovative designs, including high-efficiency flat plate collectors and evacuated tube collectors, which optimize heat absorption and reduce thermal losses. The competition is intensified by the use of robust materials such as copper and selective coatings that improve both performance and longevity. Numerous firms emphasize forming strategic alliances with installers, distributors, and governmental bodies to obtain substantial residential and commercial projects, frequently utilizing incentives and subsidies to enhance adoption.
The Swiss start-up TVP Solar has created a solar thermal panel capable of generating hot water or steam at temperatures ranging from 80°C to 180°C, suitable for industrial process heating, district heating, and air conditioning.