Non-concentrating Solar Collector Market Analysis

Absorber Plates (Copper, Aluminium, Steel Plates)

Non-concentrating solar collector market from the copper segment is anticipated to hold a share of 42% during the foreseen period. The most popular kind of non-concentrating solar collector is the flat-plate solar collector, which has several uses. Due to its superior heat conductivity, durability, and corrosion resistance, copper is frequently used for absorber plates. Some other benefits such as low heat loss and great efficiency in mild climes and low-temperature applications, as well as simplicity, durability, and ease of installation and maintenance, are driving the growth of the copper segment. Sunlight heat is effectively transferred to the working fluid or heat transfer medium. Copper is capable of tolerating heat cycling and is suitable for high-temperature applications. Therefore, these factors are contributing to the expansion of the copper segment.

Application (Residential, Commercial, Industrial)

The residential segment is expected to hold around 46% share of the global non-concentrating solar collector market by 2036. Residential utilization of solar thermal systems is mostly in the production of hot water through domestic hot water systems. The expansion of solar district heating projects worldwide is the primary factor propelling the residential solar thermal industry. They are essential to the decarbonization of the heating industry and to addressing the growing need for environmentally friendly solutions for space and household water heating, among other heating needs. The presence of new policies in regard to the launch of green building codes, such as energy conservation building codes in India, China, the US, and others will further augment the growth of the market. For instance, China's green building action plan committed to raising the percentage of environmentally friendly building materials in the construction sector to 20%. Also, a rise in investment in the construction sector in the re-establishment and refurbishment of buildings will drive market growth.

Our in-depth analysis of the global market includes the following segments: