Solar Thermal Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Market Report Covers Global Solar Thermal Collectors Manufacturers and is segmented by Collector Type (Glazed Collector and Unglazed Collector), Application (Residential, Commercial, and Industrial), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Solar Thermal Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Solar Thermal Market Size

Solar Thermal Market Size
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 4.50 %
Fastest Growing Market Europe
Largest Market Asia Pacific
Market Concentration Low

Major Players

Solar Thermal Market Key Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Solar Thermal Market with other markets in Energy & Power Industry

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Solar Thermal Market Analysis

The Solar Thermal Market is expected to register a CAGR of greater than 4.5% during the forecast period.

  • The residential segment is expected to dominate the market during the forecast period due to the growth in solar district heating plant installations in many parts of the world.
  • The introduction of solar heating systems for industrial processes places tremendous opportunities for market development. Many companies have successfully experimented with the commercial viability of solar heating systems in the commercial and industrial sectors. The best example is the Solar Payback Project initiated by Bundesverband Solarwirtschaft e. V., the German solar association, recently promoted the use of Solar Heat for Industrial Processes (SHIP) in four countries, namely India, Brazil, Mexico, and South Africa.
  • The European region is expected to witness the highest growth during the forecast period due to the falling cost of solar heating technologies in European countries.

Solar Thermal Industry Overview

The solar thermal market is fragmented. Some of the major players in this market include Solareast Holdings Co. Ltd, Greenonetec Solarindustrie GmbH, BTE solar Co. Ltd, Linuo Ritter International Co. Ltd, and Photon Energy Systems Limited.

Solar Thermal Market Leaders

  1. Photon Energy Systems Limited

  2. Solareast Holdings Co Ltd.

  3. Greenonetec Solarindustrie GmBH

  4. BTE Solar Co Ltd.

  5. Linuo Ritter International Co. Ltd

  6. *Disclaimer: Major Players sorted in no particular order
Photon Energy Systems Limited, Solareast Holdings Co Ltd., Greenonetec Solarindustrie GmBH, BTE Solar Co Ltd., Linuo Ritter International Co. Ltd
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Solar Thermal Market News

  • In July 2021, a Concentrated Solar Thermal (CST) based testing facility was established in Hyderabad to help India's growing solar sector to test the capabilities and performance of solar thermal components such as solar receiver tubes, heat transfer fluids, and concentrating mirrors.

Solar Thermal Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Solar Thermal Installed Capacity and Forecast in GW, till 2027
  • 4.4 Recent Trends and Developments
  • 4.5 Government Policies and Regulations
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Supply Chain Analysis
  • 4.8 Porter's Five Forces Analysis
    • 4.8.1 Bargaining Power of Suppliers
    • 4.8.2 Bargaining Power of Consumers
    • 4.8.3 Threat of New Entrants
    • 4.8.4 Threat of Substitutes Products and Services
    • 4.8.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Collector Type
    • 5.1.1 Glazed Collector
    • 5.1.2 Unglazed Collector
  • 5.2 Application
    • 5.2.1 Residential
    • 5.2.2 Commercial
    • 5.2.3 Industrial
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Europe
    • 5.3.3 Asia-Pacific
    • 5.3.4 South-America
    • 5.3.5 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Solareast Holdings Co. Ltd
    • 6.3.2 Greenonetec Solarindustrie GmbH
    • 6.3.3 BTE solar Co. Ltd
    • 6.3.4 Linuo Ritter International Co. Ltd
    • 6.3.5 Photon Energy Systems Limited
    • 6.3.6 HTP Comfort Solutions LLC
    • 6.3.7 Viessmann Manufacturing Company Inc.
    • 6.3.8 Alternate Energy Technologies LLC
    • 6.3.9 Aalborg CSP AS
    • 6.3.10 Savosolar Oyj
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Solar Thermal Industry Segmentation

The solar thermal market report includes:

Collector Type Glazed Collector
Unglazed Collector
Application Residential
Commercial
Industrial
Geography North America
Europe
Asia-Pacific
South-America
Middle-East and Africa
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Solar Thermal Market Research FAQs

What is the current Solar Thermal Market size?

The Solar Thermal Market is projected to register a CAGR of greater than 4.5% during the forecast period (2025-2030)

Who are the key players in Solar Thermal Market?

Photon Energy Systems Limited, Solareast Holdings Co Ltd., Greenonetec Solarindustrie GmBH, BTE Solar Co Ltd. and Linuo Ritter International Co. Ltd are the major companies operating in the Solar Thermal Market.

Which is the fastest growing region in Solar Thermal Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Solar Thermal Market?

In 2025, the Asia Pacific accounts for the largest market share in Solar Thermal Market.

What years does this Solar Thermal Market cover?

The report covers the Solar Thermal Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Solar Thermal Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Solar Thermal Industry Report

Statistics for the 2025 Solar Thermal market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Solar Thermal analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.