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Solar Thermal Market

Solar Thermal Market Size, Share & Growth Analysis By Type (Thermosiphon, Pumped), By Collector (Evacuated Tube Collector, Flat Plate Collector, Unglazed Water Collector, Air Collector), By System (Small Scale, Large Scale), By Application (Small Scale DHW Systems, Large Scale DHW Systems, Swimming Pool Heating, Solar Combi Systems, Others), By End-Use (Food & Beverage, Textile, Chemical, Metal Processing, Mining, Agriculture, Machinery And Automotive, Others), And Regional Forecast, 2025-2034

  • No of Pages: 133
  • Published On: Jun 2025
  • Format: PDF
  • Report ID : 34856

Report Summary

Solar thermal energy concentrates sun rays on a heat transfer fluid to produce steam. This steam is then converted into mechanical energy in a turbine that turns a generator to produce electricity. It is different from solar photovoltaic (PV) systems, wherein the electricity is produced directly from solar radiation using solar panels.

In terms of geographic regions, APAC accounted for the major share in the market in 2017. The economic development and the need for energy in the emerging countries such as China and India will propel the growth of the solar thermal electricity market during the forecast period.

The heat generation segment accounted for the major share of the market during 2017. According to our research report, the growing demand for heat generation will significantly drive the growth of the solar thermal energy market during the forecast period.

The global Solar Thermal market was xx million US$ in 2024 and is expected to xx million US$ by the end of 2034, growing at a CAGR of xx% between 2025 and 2034.

This report studies the Solar Thermal market size (value and volume) by players, regions, product types and end industries, history data 2020-2023 and forecast data 2025-2034; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Solar Thermal in these regions, from 2020 to 2034, covering

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
  • South America (Brazil etc.)
  • Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

  • BrightSource Energy
  • Abengoa Solar
  • Siemens
  • Acciona
  • SolarReserve
  • Torresol Energy
  • Trivelli Energia
  • Abors green GmbH
  • Parvolen CSP Technologies
  • Sener

Market, By Type

  • Thermosiphon
  • Pumped

Market, By Collector

  • Evacuated Tube Collector
  • Flat Plate Collector
  • Unglazed Water Collector
  • Air Collector

Market, By System

  • Small Scale
  • Large Scale

Market, By Application

  • Small-Scale DHW Systems
  • Large Scale DHW Systems
  • Swimming Pool Heating
  • Solar Combi Systems
  • Others

Market, By End Use

  • Food & Beverage
  • Textile
  • Chemical
  • Metal Processing
  • Mining
  • Agriculture
  • Machinery And Automotive
  • Others

We can also provide the customized separate regional or country-level reports, for the following regions:

  • North America
    • United States
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Singapore
    • Malaysia
    • Philippines
    • Thailand
    • Vietnam
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Central & South America
    • Brazil
    • Rest of Central & South America
  • Middle East & Africa
    • GCC Countries
    • Turkey
    • Egypt
    • South Africa
    • Rest of Middle East & Africa

The study objectives of this report are:

  • To study and analyze the global Solar Thermal market size (value & volume) by company, key regions/countries, products and application, history data from 2020 to 2023, and forecast to 2034.
  • To understand the structure of Solar Thermal market by identifying its various subsegments.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • Focuses on the key global Solar Thermal manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the Solar Thermal with respect to individual growth trends, future prospects, and their contribution to the total market.
  • To project the value and volume of Solar Thermal submarkets, with respect to key regions (along with their respective key countries).
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Solar Thermal are as follows:

  • History Year: 2020-2023
  • Base Year: 2024
  • Estimated Year: 2024
  • Forecast Year 2025 to 2034

This report includes the estimation of market size for value (million USD) and volume (MW). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Solar Thermal market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2024 is considered as the base year. Whenever data information was unavailable for the base year, the prior year was considered.

  • Key Stakeholders
  • Raw material suppliers
  • Distributors/traders/wholesalers/suppliers
  • Regulatory bodies, including government agencies and NGO
  • Commercial research & development (R&D) institutions
  • Importers and exporters
  • Government organizations, research organizations, and consulting firms
  • Trade associations and industry bodies
  • End-use industries

Available Customizations

With the given market data, EternityInsights offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Solar Thermal market on basis of the key contributing countries. Detailed analysis and profiling of additional market players.


Table Of Contents

Table of Contents

1 Solar Thermal Market Overview
1.1 Solar Thermal Product Overview
1.2 Solar Thermal Market Segment by Type
1.2.1 Concentrated Solar Thermal
1.2.2 Non-Concentrated Solar Thermal
1.3 Global Solar Thermal Market Size by Type
1.3.1 Global Solar Thermal Sales and Growth by Type
1.3.2 Global Solar Thermal Sales and Market Share by Type (2017-2020)
1.3.3 Global Solar Thermal Revenue and Market Share by Type (2017-2020)
1.3.4 Global Solar Thermal Price by Type (2017-2020)

2 Global Solar Thermal Market Competition by Company
2.1 Global Solar Thermal Sales and Market Share by Company (2017-2020)
2.2 Global Solar Thermal Revenue and Share by Company (2017-2020)
2.3 Global Solar Thermal Price by Company (2017-2020)
2.4 Global Top Players Solar Thermal Manufacturing Base Distribution, Sales Area, Product Types
2.5 Solar Thermal Market Competitive Situation and Trends
2.5.1 Solar Thermal Market Concentration Rate
2.5.2 Global Solar Thermal Market Share of Top 5 and Top 10 Players
2.5.3 Mergers & Acquisitions, Expansion

3 Solar Thermal Company Profiles and Sales Data
3.1 Abengoa
3.1.1 Company Basic Information, Manufacturing Base and Competitors
3.1.2 Solar Thermal Product Category, Application and Specification
3.1.3 Abengoa Solar Thermal Sales, Revenue, Price and Gross Margin(2017-2020)
3.1.4 Main Business Overview
3.2 Bosch Thermotechnology
3.2.1 Company Basic Information, Manufacturing Base and Competitors
3.2.2 Solar Thermal Product Category, Application and Specification
3.2.3 Bosch Thermotechnology Solar Thermal Sales, Revenue, Price and Gross Margin(2017-2020)
3.2.4 Main Business Overview
3.3 ACCIONA
3.3.1 Company Basic Information, Manufacturing Base and Competitors
3.3.2 Solar Thermal Product Category, Application and Specification
3.3.3 ACCIONA Solar Thermal Sales, Revenue, Price and Gross Margin(2017-2020)
3.3.4 Main Business Overview
3.4 GREENoneTEC
3.4.1 Company Basic Information, Manufacturing Base and Competitors
3.4.2 Solar Thermal Product Category, Application and Specification
3.4.3 GREENoneTEC Solar Thermal Sales, Revenue, Price and Gross Margin(2017-2020)
3.4.4 Main Business Overview
3.5 Viessmann
3.5.1 Company Basic Information, Manufacturing Base and Competitors
3.5.2 Solar Thermal Product Category, Application and Specification
3.5.3 Viessmann Solar Thermal Sales, Revenue, Price and Gross Margin(2017-2020)
3.5.4 Main Business Overview

4 Solar Thermal Market Status and Outlook by Regions
4.1 Global Market Status and Outlook by Regions
4.1.1 Global Solar Thermal Market Size and CAGR by Regions
4.1.2 North America
4.1.3 Asia-Pacific
4.1.4 Europe
4.1.5 South America
4.1.6 Middle East and Africa
4.2 Global Solar Thermal Sales and Revenue by Regions
4.2.1 Global Solar Thermal Sales and Market Share by Regions (2017-2020)
4.2.2 Global Solar Thermal Revenue and Market Share by Regions (2017-2020)
4.2.3 Global Solar Thermal Sales, Revenue, Price and Gross Margin (2017-2020)
4.3 North America Solar Thermal Sales, Revenue, Price and Gross Margin
4.3.1 United States
4.3.2 Canada
4.3.3 Mexico
4.4 Europe Solar Thermal Sales, Revenue, Price and Gross Margin
4.4.1 Germany
4.4.2 UK
4.4.3 France
4.4.4 Italy
4.4.5 Russia
4.4.6 Turkey
4.5 Asia-Pacific Solar Thermal Sales, Revenue, Price and Gross Margin
4.5.1 China
4.5.2 Japan
4.5.3 Korea
4.5.4 Southeast Asia
4.5.4.1 Indonesia
4.5.4.2 Thailand
4.5.4.3 Malaysia
4.5.4.4 Philippines
4.5.4.5 Vietnam
4.5.5 India
4.5.6 Australia
4.6 South America Solar Thermal Sales, Revenue, Price and Gross Margin
4.6.1 Brazil
4.7 Middle East and Africa Solar Thermal Sales, Revenue, Price and Gross Margin
4.7.1 Egypt
4.7.2 GCC Countries

5 Solar Thermal Application/End Users
5.1 Solar Thermal Segment by Application
5.1.1 Heat Generation
5.1.2 Power Generation
5.2 Global Solar Thermal Product Segment by Application
5.2.1 Global Solar Thermal Sales by Application
5.2.2 Global Solar Thermal Sales and Market Share by Application (2017-2020)

6 Global Solar Thermal Market Forecast
6.1 Global Solar Thermal Sales, Revenue Forecast (2021-2027)
6.1.1 Global Solar Thermal Sales and Growth Rate Forecast (2021-2027)
6.1.1 Global Solar Thermal Revenue and Growth Rate Forecast (2021-2027)
6.2 Global Solar Thermal Forecast by Regions
6.2.1 North America Solar Thermal Sales and Revenue Forecast (2021-2027)
6.2.2 Europe Solar Thermal Sales and Revenue Forecast (2021-2027)
6.2.3 Asia-Pacific Solar Thermal Sales and Revenue Forecast (2021-2027)
6.2.3.1 China
6.2.3.2 Japan
6.2.3.3 Korea
6.2.3.4 Southeast Asia
6.2.3.5 India
6.2.3.6 Australia
6.2.4 South America Solar Thermal Sales and Revenue Forecast (2021-2027)
6.2.5 Middle East and Africa Solar Thermal Sales and Revenue Forecast (2021-2027)
6.2.5.1 Egypt
6.2.5.2 GCC Countries
6.3 Solar Thermal Forecast by Type
6.3.1 Global Solar Thermal Sales and Revenue Forecast by Type (2021-2027)
6.3.2 Concentrated Solar Thermal Gowth Forecast
6.3.3 Non-Concentrated Solar Thermal Gowth Forecast
6.4 Solar Thermal Forecast by Application
6.4.1 Global Solar Thermal Sales Forecast by Application (2021-2027)
6.4.2 Global Solar Thermal Forecast in Heat Generation
6.4.3 Global Solar Thermal Forecast in Power Generation

7 Solar Thermal Upstream Raw Materials
7.1 Solar Thermal Key Raw Materials
7.1.1 Key Raw Materials
7.1.2 Key Raw Materials Price
7.1.3 Raw Materials Key Suppliers
7.2 Manufacturing Cost Structure
7.2.1 Raw Materials
7.2.2 Labor Cost
7.2.3 Manufacturing Expenses
7.3 Solar Thermal Industrial Chain Analysis

8 Marketing Strategy Analysis, Distributors
8.1 Marketing Channel
8.1.1 Direct Marketing
8.1.2 Indirect Marketing
8.1.3 Marketing Channel Development Trend
8.2 Distributors
8.3 Downstream Customers

9 Research Findings and Conclusion

Appendix
Methodology/Research Approach
Research Programs/Design
Market Size Estimation
Market Breakdown and Data Triangulation
Data Source
Secondary Sources
Primary Sources
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Frequently Asked Questions on this Report

The Solar Thermal Market is segmented based on Type, Application, and by region.

Key Player 1, Key Player 2, Key Player 3 and Key Player 4 are the leading players of global Solar Thermal market.

The forecast period would be from 2022 to 2030 in the market report with year 2021 as a base year.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
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