Non-concentrating Solar Collector Market Size, Share, and Industry Analysis By Type (Flat-Plate Collectors, Evacuated Tube Collectors, Thermosyphon Systems, Glazed Collectors, and Others), By Application (Residential, Commercial, Industrial, and Others), and Regional Forecast till 2032

The global non-concentrating solar collector market is witnessing significant growth due to the push for renewable energy and environmental sustainability, as governments and businesses seek to reduce carbon footprints and reliance on fossil fuels. Non-concentrating solar collectors employed in solar water heating and space heating applications are also gaining traction due to financial incentives, tax credits, and subsidies provided by the government.

• According to the International Energy Agency (IEA), global renewable energy capacity has been expanding rapidly, with solar power leading the growth. In 2023, renewable sources accounted for about 30% of global electricity generation, with significant contributions from solar technologies.

Non-concentrating Solar Collector Market Driver

Government Incentives and Subsidies Support Market Expansion

Government incentives and subsidies are a major driver for the market. These financial supports reduce the initial costs associated with solar installations, making solar thermal systems more attractive to consumers and businesses.

• In the U.S., the Solar Investment Tax Credit (ITC) allows a 26% tax credit on the cost of solar installations. According to the Solar Energy Industries Association (SEIA), the ITC has contributed to a significant increase in solar installations across the U.S. Over 3 million solar installations have been completed in the U.S. as of 2024.

Non-concentrating Solar Collector Market Restraint

High Initial Investment Cost May Hamper Industry Expansion

Despite long-term savings on energy bills, the initial cost of purchasing and installing non-concentrating solar collectors can be high. This upfront cost can be a barrier, especially in regions with limited or absent financial incentives. The financial burden of initial investment may deter potential buyers, slowing market growth.

• According to the U.S. Department of Energy, installing a residential solar water heating system ranges from USD 3,000 to USD 6,000, depending on the system's size and complexity. At the higher end, between USD 5,000 and USD 6,000, the cost usually includes more advanced systems such as evacuated tube collectors or larger, more complex installations.

Non-concentrating Solar Collector Market Opportunity

Technological Advancements Present a Significant Opportunity

Innovations in materials, efficiency, and integration with smart technologies can enhance the performance and appeal of non-concentrating solar collector systems. Researchers have been developing new materials and technologies to improve the efficiency of solar collectors. For instance, introducing new selective coatings and heat-resistant materials has significantly enhanced the thermal performance of flat-plate and evacuated tube collectors.

• A study published in Solar Energy Materials & Solar Cells highlighted advancements in nanomaterials and coatings that have increased collector efficiency by up to 20%.

Moreover, integrating solar thermal systems with smart home technology presents a major opportunity. Systems capable of communicating with home energy management systems can optimize energy use and improve overall efficiency.

Segmentation

Key Insights

The report covers the following key insights:

• Recent Advancements in the Non-concentrating Solar Collector Market


• Key Industry Trends


• Regulatory Landscape for Non-concentrating Solar Collector Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

Analysis by Type

Based on type, the market is segmented into flat-plate collectors, evacuated tube collectors, thermosyphon systems, glazed collectors, and others.

The flat-plate collectors segment dominates the market due to their cost-effectiveness, simplicity, and versatility, making them suitable for a wide range of residential and commercial applications. The factors influencing their popularity include their affordability compared to other types, ease of installation and maintenance, and their efficiency in moderate climates. Additionally, technological advancements by major companies have improved their performance and durability, further bolstering their market position.

• In early 2023, Viessmann introduced advanced flat-plate collector models- Viessmann Vitosol 200-F and Vitosol 300-F, designed to maximize efficiency and reduce costs. These new models feature enhanced insulation and innovative materials to improve performance and durability, reflecting the company's commitment to advancing solar thermal technology.

Analysis by Application

Based on application, the market is divided into residential, commercial, industrial, and others.

The residential segment leads the market due to the widespread adoption of solar water heating systems in homes, driven by their cost-effectiveness, ease of installation, and significant long-term energy savings. Government incentives, recent technological advancements in collector efficiency, and steady market growth drive the increasing consumer adoption in the residential sector.

• According to the IEA's Solar Heating and Cooling Technologies Report, as of 2022, residential solar water heating systems account for a substantial share of the total installed solar thermal capacity. The IEA estimates that residential solar water heating systems represent nearly 60% of the total solar thermal market in installed capacity.

Regional Analysis

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Based on region, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

The Asia Pacific region, particularly China, dominates the global market for non-concentrating solar collectors, including flat-plate collectors. The region accounts for most of the world’s installed capacity due to rapid urbanization, industrialization, and supportive government policies.

• According to IEA SHC (International Energy Agency Solar Heating and Cooling Programme), as of 2022, China accounted for over 70% of the global installed solar thermal collectors' installed capacity, which includes non-concentrating systems. China alone has installed over 300 million square meters of solar thermal collectors.

Europe is the second-leading region as it benefits from a high level of adoption due to solid regulatory support, high consumer awareness, and extensive use of solar thermal technologies across both residential and commercial sectors. The European directive sets ambitious renewable energy targets, requiring member states to ensure that a significant portion of their energy comes from renewable sources, including solar thermal energy. Various European countries offer specific incentives.

• For instance, Germany’s "KfW Bank" provides low-interest loans for solar thermal installations, and Austria offers significant subsidies for solar water heating systems.

North America, particularly the U.S., has seen steady growth in adopting non-concentrating solar collectors, driven by favorable policies and increasing consumer awareness, which has contributed significantly to the regional market.

Key Players Covered

The global non-concentrating solar collector market is fragmented, with many group and standalone providers. It is characterized by technological advancements, regional diversification, and varying regulatory support influencing competition.

The report includes the profiles of the following key players:

• Viessmann Group (Germany)


• Bosch GmbH (Germany)


• Rheem Manufacturing Company (U.S.)


• American Solar Direct (U.S.)


• Sungrow Power Supply Co., Ltd. (China)


• Nippon Solar (Japan)


• Himin Solar Energy Group (China)


• Solimpeks Solar Energy (Turkey)


• Ariston Thermo Group (Italy)


• Tata Power Solar (India)


• Caleffi S.p.A. (Italy)


• SolarWorld (Germany)


• BDR Thermea Group (Netherlands)

Key Industry Developments

• October 2023- GlassPoint partnered with the Ministry of Investment of Saudi Arabia (MISA) to build a solar manufacturing facility and technology showcase in the Eastern Province of Saudi Arabia.


• February 2022- Ariston Group acquired the Israeli solar thermal system pioneer manufacturer Chromagen Hot Water Solutions. This collaboration would help Ariston Group reach customers in Israel, Australia, Spain, and other international markets, and this partnership would create new opportunities in these thriving countries.