According to a research report published by Spherical Insights & Consulting, the Global Non-concentrating Solar Collector Market Size is Expected to Grow from USD 13.54 Billion in 2023 to USD 48.23 Billion by 2033, at a CAGR of 13.55% during the forecast period 2023-2033.

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The non-concentrating solar collectors, which are frequently found in residential and business complexes, are expanding quickly because of environmental concerns and their capacity to produce about 500GW. Non-concentrating solar collectors are gaining popularity due to their lower cost and global expansion. China leads the export market, while India and Brazil import due to renewable energy demand and government subsidies. Non-concentrating solar collectors, a subset of renewable energy, come in a variety of shapes and sizes and use passive collection techniques to capture sunlight across a greater surface area without the need for mechanical tracking devices. The market for non-concentrating solar collectors is growing because of its affordability, scalability, and ease of use, which make it appropriate for decentralized energy systems and rural electrification. European policies like the Green Deal and China’s “Top Runner Program” encourage growth in this diverse industry, as do solar irrigation projects in India. For instance, The Pradhan Mantri Suryodaya Yojana is one of the programs the Indian government has started to encourage solar energy. By 2026, one crore homes nationwide are expected to have rooftop solar power systems installed thanks to this program. Reducing grid electricity consumption and encouraging the use of renewable energy sources are the objectives. However, market growth in regions with little solar exposure and little government assistance may be hampered by the low light efficiency and high installation costs of non-concentrating solar collectors.

Browse key industry insights spread across 199 pages with 110 Market data tables and figures & charts from the report on the Global Non-concentrating Solar Collector Market Size, Share, and COVID-19 Impact Analysis, By Absorber Plates (Copper, Aluminum, Steel Plates), By Application (Residential, Commercial, and Industrial), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

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The copper segment is predicted to hold the greatest market share through the forecast period.

Based on the absorber plates, the non-concentrating solar collector market is classified into copper, aluminum, and steel plates. Among these, the copper segment is predicted to hold the greatest market share through the forecast period. The longevity and effectiveness of energy absorption are improved by copper’s strong thermal conductivity and resistance to corrosion. It is perfect for long-term solar systems because of its extended lifespan and minimal maintenance requirements. It has a competitive advantage because of its capacity to retain heat amid fluctuating weather conditions.

The commercial segment is anticipated to hold the fastest market share during the projected timeframe. 

Based on the application, the non-concentrating solar collector market is divided into residential, commercial, and industrial. Among these, the commercial segment is anticipated to hold the fastest market share during the projected timeframe. Companies are using renewable energy to cut operating expenses because of financial incentives and corporate sustainability objectives. Businesses with large rooftops have the potential to save energy, especially in places where green energy use is encouraged by laws.

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Asia Pacific is estimated to hold the largest share of the non-concentrating solar collector market over the forecast period.

Asia Pacific is estimated to hold the largest share of the non-concentrating solar collector market over the forecast period. China and India are making investments in renewable energy as a result of their fast urbanization and industrialization. Cheap solar solutions are in high demand due to rural initiatives in Vietnam and Bangladesh. Asia Pacific presents exceptional prospects for market expansion in the field of solar technology innovation.

Europe is predicted to have the fastest CAGR growth in the non-concentrating solar collector market over the forecast period. Renewable energy investments, building solar technology, public and private investment, and Europe’s leadership are being fueled by European regulatory frameworks, energy efficiency standards, and creative financing structures.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Global Non-concentrating Solar Collector Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major key players in the non-concentrating solar collector market include Greenonetec, Soletrol, Prosunpro, Bosch Thermotechnik, Viessmann, Solahart, Vaillant Group, Xne Group, Dimas, Solimpeks, and Others.

Recent Development

• In July 2024, a Memorandum of Understanding (MoU) was signed by Tata Power Renewable Energy Limited and NHPC Renewable Energy Limited to install rooftop solar projects in various government buildings. By December 2025, this program, which is part of the ambitious PM Surya Ghar Yojana Scheme, seeks to have all government-owned buildings fully solarized.
• In May 2024, Bosch Ventures’ two battery recycling projects furthered the company’s dedication to clean technologies.
• In April 2024, A partnership was established between EnBW and Viessmann Deutschland GmbH, a division of Viessmann Climate Solutions. The alliance provides homeowners with helpful information and professional guidance on how to choose the best heat pump.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the non-concentrating solar collector market based on the below-mentioned segments:

Global Non-concentrating Solar Collector Market, By Absorber Plates

• Copper
• Aluminum
• Steel Plates

Global Non-concentrating Solar Collector Market, By Application

• Residential
• Commercial
• Industrial

Global Non-concentrating Solar Collector Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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