Global Non-concentrating Solar Collector Absorber Plate Market By Product Type, By Application, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast (2024 - 2031)
The "Non-concentrating Solar Collector Absorber Plate Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Non-concentrating Solar Collector Absorber Plate market is expected to grow annually by 9.3% (CAGR 2024 - 2031).
This entire report is of 172 pages.
Non-concentrating Solar Collector Absorber Plate Introduction and its Market Analysis
The Non-concentrating Solar Collector Absorber Plate market research report analyzes current market conditions for absorber plates used in non-concentrating solar collectors. These plates absorb solar energy to heat a fluid that can then be used for various applications. The target market includes residential, commercial, and industrial sectors. Major factors driving revenue growth include government incentives for renewable energy, increasing awareness of environmental sustainability, and advancements in solar technology. Key players in the market include Greenonetec, Thermo Solar, Bosch Thermotechnik, Solimpeks, and Viessmann. The report recommends investing in research and development to improve efficiency and cost-effectiveness of absorber plates.
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The non-concentrating solar collector absorber plate market is experiencing growth with the increasing demand for renewable energy sources. Various types of absorber plates such as copper, aluminum, and steel are available for residential, commercial, and industrial applications. Copper absorber plates are known for their high efficiency, while aluminum absorber plates are cost-effective and widely used in commercial settings. Steel absorber plates are durable and popular in industrial applications.
Regulatory and legal factors specific to the market conditions play a crucial role in shaping the growth of the non-concentrating solar collector absorber plate market. Government subsidies, tax incentives, and regulations promoting the use of renewable energy sources can significantly impact the market's growth. Additionally, changes in environmental policies and regulations regarding greenhouse gas emissions can drive the adoption of solar energy technologies like absorber plates. It is essential for companies operating in this market to stay informed about these regulatory factors to ensure compliance and capitalize on opportunities for growth.
Top Featured Companies Dominating the Global Non-concentrating Solar Collector Absorber Plate Market
The non-concentrating solar collector absorber plate market is highly competitive with several key players operating globally. Companies such as Greenonetec, Thermo Solar, DIMAS SA, Five Star, Bosch Thermotechnik, Prosunpro, Ezinc, Soletrol, Vaillant Group, Solimpeks, BDR Thermea, Viessmann, Solahart, XNE Group, and Wolf are prominent players in the market.
These companies manufacture and supply non-concentrating solar collector absorber plates, which are essential components of solar thermal systems. Non-concentrating solar collectors are widely used for heat generation in residential, commercial, and industrial applications.
Companies like Greenonetec, Thermo Solar, and Solimpeks are leading players in the market, offering high-quality absorber plates and innovative solar thermal solutions. These companies focus on research and development to improve the efficiency and performance of their products, thereby driving the growth of the non-concentrating solar collector absorber plate market.
Revenue figures for some of these companies show their significant presence in the market. For example, Greenonetec, the world's largest manufacturer of solar thermal panels, reported sales revenue of over €60 million in 2019. Similarly, Thermo Solar, a leading provider of solar thermal solutions, generated sales revenue of approximately €45 million in the same year.
Overall, companies operating in the non-concentrating solar collector absorber plate market play a crucial role in driving the adoption of solar thermal technology and reducing greenhouse gas emissions. By offering reliable and efficient absorber plates, these companies help to grow the market and contribute to the global transition towards sustainable energy solutions.
- Greenonetec
- Thermo Solar
- DIMAS SA
- Five Star
- Bosch Thermotechnik
- Prosunpro
- Ezinc
- Soletrol
- Vaillant Group
- Solimpeks
- BDR Thermea
- Viessmann
- Solahart
- XNE Group
- Wolf
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Non-concentrating Solar Collector Absorber Plate Market Analysis, by Type:
- Copper Absorber Plate
- Aluminum Absorber Plate
- Steel Absorber Plate
Copper absorber plates are known for their high thermal conductivity and corrosion resistance, making them ideal for non-concentrating solar collectors. Aluminum absorber plates are lightweight, cost-effective, and have good thermal performance. Steel absorber plates offer durability and strength, making them suitable for harsh weather conditions. The variety of absorber plate materials caters to different needs and preferences, thus boosting the demand for non-concentrating solar collector absorber plates in the market. Customers have options to choose the most suitable absorber plate material based on their specific requirements, leading to increased adoption and growth in the industry.
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Non-concentrating Solar Collector Absorber Plate Market Analysis, by Application:
- Residential
- Commercial
- Industrial
Non-concentrating Solar Collector Absorber Plate is commonly used in residential, commercial, and industrial applications for water heating and space heating purposes. In residential settings, these plates are typically installed on rooftops to harness solar energy for heating water. In commercial and industrial settings, they are often integrated into larger systems to provide hot water for various uses. The fastest growing application segment in terms of revenue is the commercial sector, where businesses are increasingly opting for solar energy solutions to reduce their carbon footprint and save on energy costs. This surge in adoption is driving significant revenue growth in the commercial solar market.
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Non-concentrating Solar Collector Absorber Plate Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The non-concentrating solar collector absorber plate market is expected to witness significant growth in the regions of North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In North America, the United States and Canada are projected to dominate the market with a market share of around 30%. In Europe, Germany, France, the ., and Italy are expected to lead with a market share of 25%. Asia-Pacific countries like China, Japan, and India are also expected to have a substantial market share of 20%. Latin America and Middle East & Africa are forecasted to contribute around 15% and 10% respectively to the global market share.
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