Solar thermal collectors are a unique kind of heat exchangers that convert sun radiations into thermal energy. Solar thermal collector is a part of solar thermal installation. Concentrating solar thermal collectors mainly use the direct beam of the solar radiation by directing irradiation on the absorber and improving the intensity of radiation on the absorber. Some of the applications of solar thermal collectors are in desalination plants, solar cookers, domestic water heating, space heating, industrial heating, and others. Concentrating solar thermal collectors are used for high temperature application and non-concentrating solar thermal collectors are used for low temperature applications.
MARKET SCOPE
The "Global Solar thermal collectors Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the solar thermal collectors market with detailed market segmentation by type, application, and geography. The global solar thermal collectors 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 collector's market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- The global solar thermal collectors market is segmented on the basis of type, and application.
- On the basis of type, the solar thermal collectors market is segmented into concentrating, and non-concentrating.
- Similarly, on the basis of application the solar thermal collectors market is bifurcated into residential, commercial, and industrial.
MARKET DYNAMICS
Drivers:
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- The increment in price and decrement of non-sustainable sources are the main considerations expected to drive the demand for solar thermal collectors during the analysis period. These collectors are introduced in new residential places for applications, for example, water heating and space heating.
- Moreover, these sun-based thermal collectors are presently utilized in commercial areas, such as shopping centers, malls, and hotels, which is expected to fuel the development and demand for solar thermal collectors..
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- There is lack of awareness in some developing nations with respect to the advantages of solar thermal collectors, thereby obstructing the acceptance of thermal collectors.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Solar thermal collector's oil 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 market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST 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 collectors oil market in these regions.
IMPACT OF COVID-19 ON SOLAR THERMAL COLLECTORS MARKET
The COVID-19 pandemic is spreading across the globe and destabilizing economies.
The renewable energy sector has been negatively impacted due to the lockdown in COVID-19-infected countries. It has resulted in delays in projects due to disruptions in supply chain, problems in project financing, and unavailability of manpower. The disturbance of supply chains and halt on export of solar-powered equipment from China resulted in the demand from India.
Before the outbreak of COVID-19, the market of solar projects execution was at its top in the last quarter of the financial year. The demand and manufacturing markets have been affected because due to COVID-19 outbreak, which is hindering the market growth. At the initial phase of COVID-19 outbreak, the manufacturing sector or supply chain region, which is China, was first hampered. Construction of new energy projects or infrastructure has been stopped or delayed.
However, the negative impact of COVID-19 on the solar thermal collectors market is expected to be there for a short period of time, and by early 2021 the market is anticipated to observe robust recovery rate along with the extensive demand for solar thermal collectors products post pandemic. This is due to the fact that a rise in number of market players are reassessing their strategies and coming up with quick responses to stabilize their supply chain
MARKET PLAYERS
The report covers key developments in the solar thermal collector's oil market 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Solar thermal collectors oilmarket market are anticipated to lucrative growth opportunities in the future with the rising demand for Solar thermal collectors market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the solar thermal collectors market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Alternate Energy Technologies, LLC
- GREENoneTEC Solarindustrie GmbH
- Heliodyne, Inc.
- HTP Comfort Solutions LLC.
- Ouraset
- Solimpeks Solar Energy Corp.
- SunEarth, Inc.
- SUNERG Solar s.r.l.
- SunMaxx Solar, Inc.
- TVP Solar SA.