Non-concentrating Solar Collector Market Growth Opportunities, Sales Revenue, Developments and Regional Forecast 2022

Market Research Future published a research report on “Non-concentrating Solar Collector Market – Global Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast Report to 2022.

Overview:

Non-concentrating solar collector is basically a flat plate collector that finds widespread utilization in housing and industrial sector. The industry is getting much traction at present due to the growing concerns regarding the environment. People are now opting for sustainable power sources which is giving the global non-concentrating solar collector market the much-needed thrust and it is expected to acquire 12% CAGR during the forecast period (2016-2022). 

Demand for clean energy sources for power generation and almost negligible cost of power production via non-concentrating solar collector are some of the major factors that can impact the non-concentrating solar collector market demography in the coming years. However, the global market can receive certain flacks from the high cost of photovoltaic cells. But the demand for sustainable sources would not let the restraints linger long. 

Competitive Landscape:

The global Non-Concentrating Solar Collector Market is getting much traction from several market leaders such as Dimas SA (Greece), Bosch Thermotechnik (Germany), Prosunpro (China), Greenonetec (Austria), Viessmann (Germany), Soletrol (Brazil), Solahart (Australia), Vaillant Group (Germany), Solimpeks (Turkey), and XNE Group (China). These companies have been profiled in MRFR’s report for a better understanding of the global market in the coming years. Their attempt at making individual progress also takes the global market ahead with considerable ease.

In May 2019, researchers from Loughborough University and the Centre for Renewable Energy Systems Technology (CREST) have developed better solar panels to bring down cost of electricity production. A semiconducting material called cadmium telluride (CdTe) now gets more attention in creating panels where selenium is added to improve performance. Selenium works by overcoming CdTe’s atomic-scale defects. This realization would increase the intake of solar panels to generate power and in a way would impact non-concentrating solar collector market. 

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Segmentation:

The global non-concentrating solar collector market has been segmented by MRFR for a better understanding of the market possibilities in the coming year on the basis of absorber plate and application. This study is further backed by ample data from volume-wise and value-wise readings.

Based on the absorber plate, this non-concentrating solar collector market includes aluminum, copper, and steel. The steel frames are popular as they have a long shelf life. The aluminum segment is growing much as they are light-weight. 

Based on the application, the non-concentrating solar collector market comprises commercial applications, residential applications, and industrial applications. The residential segment is witnessing moderate growth with increase in residential projects. The commercial segment is also growing with increasing eco-awareness. 

Regional Analysis:

Based on the region-specific analysis of MRFR the global non-concentrating solar collector market can be segmented into North America, South America, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA). 

High density of industries, technological advancements, and growing concerns regarding environmental issues are features that are impacting the market in North America. The presence of a superpower like the U.S. and financially strong Canada are boosting the regional market.

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Europe’s market is the largest one and it can be attributed to the growing demand for eco-friendly devices to generate energy. Government initiatives are also working in favor of the regional market growth. Countries such as France, Germany, the U.K., and others are impacting the market comprehensively. The growth of the APAC market is expected to pick up the pace during the forecast period. Countries like India, Japan, China, Thailand, and others have started realizing the importance of non-concentrating solar collector which is why the market is growing big. Government initiatives in the region are also commendable. 

South America lacks infrastructure; however, presence of Argentina and Brazil is boosting the regional market. But it is the MEA that is expected to produce the least share as the region lacks supports from awareness, education, and investment.  

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