The global non-concentrating solar collector market size, in terms of value, was USD XXbillion in 2016 and is projected to grow up to USD XX billion by the year 2020, at a healthy CAGR of 12%. Non-concentrating solar collectors are called flat plate collectors; wherein the area which collects the solar radiation is same as the area collecting the solar energy. These solar collectors can easily found in industries, commercial buildings and also the households. Renewable energy sources are the best solutions to the growing demand for power. Other sources of energy such as hydropower, fossil fuels, nuclear power have environmental concerns which make the renewable sources highly relevant and crucial.
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Solar energy is available in abundance; the Earth receives 174 petawatts of solar energy every year, making it the largest source of energy. In the last few years, global solar power production has increased from 7 GW to 40 GW. Also, lots of research has been going on in this area to make the solar panel more user friendly, and smaller in size. Various techniques such as thin film processing, nanocrystalline solar cells, polymer processing, metamorphic multijunction solar cells will help in the progress of this industry.
The escalation of non-concentrating solar collectors is estimated to increase as more people are now aware about the harmful effects of global warming and greenhouse gas emissions. The factors such as rising prices of conventional energy, concerns over supply of energy in future, renewable energy certificates and support of government are fuelling the demand for the concentrated solar collectors.
However, the huge cost of photovoltaic cells hinders the growth of the non-concentrating solar collector market. Due to lack of advanced technology, the power generation is at nascent stage.
The global non-concentrating solar collectors’ market is segmented on the basis of absorber plate, application and technology. By absorber plate, market can be segmented into aluminium, copper and steel. By application, market can be segmented into commercial, institutional, residential and industrial.
The market is segmented into North America, Western Europe, Eastern Europe, China, Southeast Asia, Japan and India. The United States’ non-concentrating solar collectormarket is anticipated to see growth over 8% by the year 2025, reason being federal government initiatives like financial assistance, tax rebate and net metering. Also, Chile is ready to witness growth above 25 % in the forecast period with its favorable climatic conditions. The government of China announced initiatives such as tax benefits and feed in tariff to boost the business.
Some of the key players in the market include Greenonetec, Thermo Solar, DIMAS SA,Five Star, Bosch Thermotechnik, Prosunpro, Ezinc, Soletrol, Vaillant Group, Solimpeks, BDR Thermea, Viessmann, Solahart, XNE Group and Wolf.
Report ContentsRegional AnalysisReport Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
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Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage