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The growing integration of low carbon power generation technologies coupled with rising measures taken by national and international organizations & administrations is set to favor the global flat plate solar collector growth. Solar is the leading system among the green technologies that have witnessed huge investments from public & private companies and have demonstrated a significant untapped potential. Furthermore, the flat-plate collector (FPC) method is an extension of the solar thermal energy technique that encompasses various components to trap sun rays and generate energy for the final usage.
An FPC unit contains different systems such as absorber, glass, header pipe, back sheet, aluminum rails, risers, and insulation to deliver reliable performance in different environmental conditions. A black surface absorbs the heat from the sun on the system, and the tubes are then used to transfer the heat by utilizing a liquid or air heating fluid. While the insulation covering the body of the units largely helps to reduce the overall heat losses.
Based on glazing, the industry can be primarily bifurcated into glazed and unglazed. The glazed segment is anticipated to account for a substantial share owing to its high efficiency in maintaining minimal heat losses through the integration of radiation-transmitting materials. Additionally, the unglazed division is also set to observe substantial growth due to its cost-effectiveness coupled with useful designs.
Based on the application, the flat plate solar collector market can be segregated into space heating, water heating, and others. Space heating applications is projected to observe significant expansion owing to favorable norms to increase the thermal efficiency of buildings without increasing the carbon discharges from the structures. Subsequently, rapidly increasing needs for effective alternatives to deliver hot water across residential and commercial operations along with diminishing the energy receipts are likely to support the water heating segment demand.
Favorable legislation included in the national regulatory frameworks of various governments to propel the energy security in buildings will favor the flat plate solar collector market outlook. Furthermore, growing expenditure to erect new advanced establishments in order to support the rapid urbanization is set to complement the industry expansion further.
However, the easy obtainability of other replacements such as solar photovoltaic (PV) technology coupled with inadequate exposure to sunlight due to climatic problems, may obstruct the global flat plate solar collector industry pace. Consequently, FPC systems are not significantly effective with a lower amount of solar radiation, and this can be perceived as a limitation to product adoption.
Key Market Driver -
Stern building energy efficiency norms coupled with construction of innovative residential & commercial spaces
Key Market Restraint -
Easy availability of alternate products
Some of the key players actively functioning across the flat plate solar collector industry are Jiangsu Sunrain Solar Energy Co., Ltd., GREENoneTEC Solarindustrie GmbH, Jinheng Solar Co.,Ltd, DIMAS SA, Guangdong Fivestar Solar Energy Co.,Ltd., Bosch Commercial and Industrial UK, Solimpeks Solar Corp, Viessmann, Guangdong Sunte Solar Co., Ltd., Solahart Industries, Emmvee India, and Ariston Thermo Group.
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The global flat plate solar collector market is categorized into North America, Europe, Latin America, the Middle East and Africa, and Asia Pacific. Europe's flat plate solar collector market is projected to observe substantial increase owing to the mounting demand for space heating systems coupled with encouraging policy framework by the European Union (EU). Additionally, Asia Pacific is also likely to hold significant share due to the presence of various large and small scale manufacturers along with vast untapped potential among nations. Growing expenditure on construction activities, the existence of low-temperature areas, and awareness among customers, are some of the factors propelling the expansion of North America.
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