Solar Thermal Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION
Solar Thermal Energy is a form of energy that is used for harnessing solar energy to generate thermal energy for commercial and residential use. Solar thermal power or electric generation systems can collect and concentrate the sunlight to generate high-temperature heat that is required to produce electricity.

MARKET SCOPE
The "Global Solar Thermal Market Analysis 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on global market trend analysis. The report aims to provide an overview of the Solar Thermal Market with detailed market segmentation into by collector type, by system type, by application, and by region. The Solar Thermal Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Solar Thermal Market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
The Solar Thermal Market has been segmented into by collector type, by system type, and by application. By collector type the market has been bifurcated into evacuated tube collector, flat plate collector, unglazed water collector, and air collector. By type the market has been bifurcated into thermosiphon solar heating systems, and pumped solar heating system. By application the market has been bifurcated into domestic hot water systems, large DHW systems, solar combi systems, and others.

MARKET DYNAMICS
Growth Factors

 Rise in use of clean fuel alternatives

 Favourable government schemes

 Rapid industrialization
Restraints

 Increasing deployment of individual solar systems

REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Solar Thermal Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the Solar Thermal Market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Solar Thermal Market in these regions.
Impact of Covid 19 on Solar Thermal Market
The Covid 19 pandemic had a significant impact on the Solar Thermal Market. Due to rise in the number of cases several government authorities and regulatory bodies imposed lockdowns and restrictions to curtail the spread of Covid 19. The pandemic caused major ructions across the energy sector and growth factors were diminished due to uncertainty over power demand as the industrial and commercial sectors were closed down. But it is expected that the Solar Thermal Market will show a steady growth in the coming years due to government regulations and people shifting towards clean and greener alternatives.

Solar Thermal Market Report Analysis

Solar Thermal Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Abengoa Solar
• BrightSource Energy
• HTP Comfort Solutions LLC
• Lointek
• Robert Bosch
• SCHOTT
• Sener
• Siemens
• SolarReserve

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Collector Type

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

By Type

• Thermosiphon Solar Heating Systems
• Pumped Solar Heating Systems

By Application

• Domestic Hot Water Systems
• Large DHW Systems
• Solar Combi Systems

MARKET PLAYERS
The report covers vital developments in the Solar Thermal Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the Off Solar Thermal Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Solar Thermal Market. Below mentioned is the list of a few companies engaged in the Solar Thermal Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Solar Thermal Market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

•  Abengoa Solar
  
•  BrightSource Energy
  
•  HTP Comfort Solutions LLC
  
•  Lointek
  
•  Robert Bosch
  
•  SCHOTT
  
•  Sener
  
•  Siemens
  
•  SolarReserve
  
•  Sunrain
  

  Solar Thermal Market Report Scope

  Report Attribute	Details
  Market size in 2023	US$ XX Million
  Market Size by 2031	US$ XX Million
  Global CAGR (2023 - 2031)	XX%
  Historical Data	2021-2022
  Forecast period	2024-2031
  Segments Covered	By Collector Type Evacuated Tube Collector Flat Plate Collector Unglazed Water Collector Air Collector By Type Thermosiphon Solar Heating Systems Pumped Solar Heating Systems By Application Domestic Hot Water Systems Large DHW Systems Solar Combi Systems
  Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
  Market leaders and key company profiles	Abengoa Solar BrightSource Energy HTP Comfort Solutions LLC Lointek Robert Bosch SCHOTT Sener Siemens SolarReserve