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    US Solar Thermal Collectors Market

    ID: MRFR/E&P/13533-HCR
    100 Pages
    Garvit Vyas
    September 2025

    US Solar Thermal Collectors Market Research Report By Product Type (Concentrating, Non- Concentrating) and By Application (Residential, Industrial, Commercial) - Forecast to 2035

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    US Solar Thermal Collectors Market Research Report - Forecast to 2035 Infographic
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    Table of Contents

    US Solar Thermal Collectors Market Summary

    The US Solar Thermal Collectors market is projected to grow from 3.5 USD Billion in 2024 to 7 USD Billion by 2035, reflecting a robust growth trajectory.

    Key Market Trends & Highlights

    US Solar Thermal Collectors Key Trends and Highlights

    • The market is expected to achieve a compound annual growth rate (CAGR) of 6.5 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 7 USD Billion, indicating substantial growth opportunities.
    • The current market size stands at 3.5 USD Billion in 2024, laying a solid foundation for future expansion.
    • Growing adoption of solar thermal technology due to increasing energy efficiency awareness is a major market driver.

    Market Size & Forecast

    2024 Market Size 3.5 (USD Billion)
    2035 Market Size 7 (USD Billion)
    CAGR (2025-2035) 6.5%

    Major Players

    SunEarth, American Solar Direct, Enphase Energy, Sunny Boy Solar, SolarCity, Bosch Thermotechnology, Solaire Generation, Fafco, Rinnai, Heliodyne, SunMaxx Solar, Solartwin, Rheem Manufacturing, APR Energy, Thermal Energy Corporation

    US Solar Thermal Collectors Market Trends

    The US Solar Thermal Collectors Market is seeing significant growth driven by various factors including increased energy efficiency awareness and a strong push towards renewable energy adoption. Government policies, incentives, and tax credits at both federal and state levels are vital market drivers, encouraging consumers and businesses to invest in solar thermal technologies. The growing focus on reducing greenhouse gas emissions aligns with the ongoing transitions in energy policies, prompting expansion in residential and commercial solar thermal installations.

    There are numerous opportunities to capture within this market, particularly in underserved regions and in the integration of solar thermal systems with, smart home technologies and energy-efficient appliances.The development of new technologies, such as advanced thermal storage solutions, is creating avenues for product differentiation and market expansion. Moreover, targeting agricultural applications for water heating and drying processes represents an area ripe for growth, especially in states where farming is a major economic activity.

    US Solar Thermal Collectors Market Drivers

    Market Segment Insights

    US Solar Thermal Collectors Market Segment Insights:

    US Solar Thermal Collectors Market Segment Insights:

    Solar Thermal Collectors Market Product Type Insights

    Solar Thermal Collectors Market Product Type Insights

    The US Solar Thermal Collectors Market is characterized by its division into distinct product types, namely Concentrating and Non-Concentrating collectors, each serving pivotal roles in the solar energy landscape. Concentrating solar thermal collectors capture and utilize sunlight through mirrors or lenses to focus sunlight onto a small area, producing high temperatures ideal for electricity generation and industrial applications.

    This product type is significant due to its ability to absorb higher amounts of solar radiation, thus yielding higher thermal energy output, making it a preferred choice for large-scale solar projects.On the other hand, Non-Concentrating thermal collectors function through flat plates or evacuated tubes to directly convert solar energy into heat for residential, commercial, or small-scale applications such as heating water or space.

    This segment dominates the lower temperature applications, which are crucial for everyday use and contribute substantially to energy savings in residential settings. The rising interest in renewable energy solutions has fueled advancements in both segments, resulting in innovative technologies that enhance efficiency and affordability.Moreover, environmental regulations and incentives provided by the US government to promote clean energy further propel the growth and adoption of these collectors, driving market competition and research efforts toward improved solar technologies.

    The diversification within these product types not only reflects their unique applications but also highlights the broader commitment of the US to sustainable development and energy independence. The insights into the applications, efficiency, and performance trends in both Concentrating and Non-Concentrating segments reveal a promising growth trajectory for the US Solar Thermal Collectors Market, emphasizing the importance of these technologies in achieving both energy security and environmental sustainability.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Solar Thermal Collectors Market Application Insights

    Solar Thermal Collectors Market Application Insights

    The Application segment of the US Solar Thermal Collectors Market encompasses various vital areas including Residential, Industrial, and Commercial applications, which are essential for harnessing solar energy effectively. Residential applications stand out as a key market driver, primarily due to the increasing consumer awareness about energy conservation and the rising cost of traditional energy sources. In the Industrial sector, the integration of solar thermal collectors significantly reduces operational costs and enhances sustainability, making it an attractive solution for manufacturing processes.

    The Commercial segment also plays a significant role, with many businesses adopting solar thermal solutions to lower energy expenditures and align with corporate sustainability goals. This trend is supported by favorable government incentives and policies promoting renewable energy usage across the US, which contribute to the expanding interest in solar thermal systems.

    Overall, the market's growth is supported by technological advancements, an increasing focus on clean energy, and a growing understanding of the long-term economic benefits associated with solar thermal energy.The segmentation of the US Solar Thermal Collectors Market not only highlights diverse application areas but also underscores the adaptability of solar technologies in various settings, contributing to enhanced market growth potential.

    Get more detailed insights about US Solar Thermal Collectors Market Research Report - Forecast to 2035

    Regional Insights

    Key Players and Competitive Insights

    The competitive landscape of the US Solar Thermal Collectors Market is characterized by a diverse array of players striving for a significant share in a growing industry driven by increasing awareness of renewable energy sources and sustainability. With a shift towards energy-efficient solutions, there is a high demand for solar thermal technologies among residential and commercial sectors. Companies operating in this market are focusing on innovation, product differentiation, and strategic partnerships to enhance their offerings and meet the varying needs of consumers.

    As the market evolves, established players are continuously working on improving their technology and service delivery, while new entrants are challenging the status quo with competitive pricing and alternative solutions.

    The growing emphasis on governmental policies and incentives for renewable energy adoption is also shaping the competitive dynamics in the industry, making it an exciting and rapidly changing marketplace.SunEarth stands out within the US Solar Thermal Collectors Market due to its strong reputation for producing high-quality solar thermal products, including flat plate and evacuated tube collectors widely utilized in both residential and commercial applications. The company's commitment to quality and performance has garnered a loyal customer base, positioning it as a trusted brand in the industry.

    SunEarth's extensive range of products caters to varying consumer needs, emphasizing efficiency and durability, which are crucial factors for customers. Moreover, the company invests in research and development to enhance its offerings, ensuring that they remain at the forefront of technological advancements. Their market presence is bolstered by a robust network of distribution, allowing them to effectively reach customers across different regions, further solidifying their competitive edge.

    American Solar Direct, a notable player in the US Solar Thermal Collectors Market, focuses on delivering innovative solar energy solutions primarily aimed at residential customers. The company specializes in solar thermal systems designed to reduce energy costs while promoting environmental sustainability. One of its key strengths lies in its ability to provide tailored solutions that meet specific consumer needs, coupled with excellent customer service.

    American Solar Direct also demonstrates a strong market presence through strategic partnerships and collaborations with local utilities and energy providers, amplifying their reach and impact. The company is constantly evolving its product lineup, which includes solar thermal panels designed for high efficiency and utility. Furthermore, American Solar Direct is actively seeking opportunities for mergers and acquisitions to bolster its market share and drive growth, ensuring a scalable operation that aligns with the increasing demand for solar thermal technologies.

    Key Companies in the US Solar Thermal Collectors Market market include

    Industry Developments

    The US Solar Thermal Collectors Market has recently seen significant developments, particularly with companies such as SunEarth and Rinnai expanding their product offerings to enhance residential and commercial installations. In July 2023, Enphase Energy introduced new software features aimed at optimizing solar energy management, illustrating a trend toward innovation in solar technologies. In terms of mergers and acquisitions, Bosch Thermotechnology announced its acquisition of a strategic asset in August 2023 to bolster its thermal technology solutions, aligning with the growing demand for efficient solar collectors.

    Furthermore, the market has been influenced by increasing consumer interest in sustainable energy solutions, leading to a reported growth in market valuation of around 15% during 2023, stimulated by favorable state policies and incentives. Notable advancements include developments by SolarCity and Fafco, focusing on combining solar thermal systems with electric heating applications, enhancing overall energy efficiency. Over the past two years, trends point toward a consolidation of services within the market, driving companies to adapt via strategic partnerships and technology advancements, reflecting ongoing shifts toward sustainability and energy independence within the United States.

    Market Segmentation

    Outlook

    • Residential
    • Industrial
    • Commercial

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 2.93 (USD Billion)
    MARKET SIZE 2024 3.5 (USD Billion)
    MARKET SIZE 2035 7.0 (USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 6.504% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED SunEarth, American Solar Direct, Enphase Energy, Sunny Boy Solar, SolarCity, Bosch Thermotechnology, Solaire Generation, Fafco, Rinnai, Heliodyne, SunMaxx Solar, Solartwin, Rheem Manufacturing, APR Energy, Thermal Energy Corporation
    SEGMENTS COVERED Product Type, Application
    KEY MARKET OPPORTUNITIES Residential solar thermal adoption, Government incentives and tax credits, Commercial sector energy efficiency, Technological advancements in collectors, Growing demand for sustainable energy
    KEY MARKET DYNAMICS Government incentives and subsidies, Increasing demand for renewable energy, Rising installation of solar systems, Technological advancements in efficiency, Growing environmental awareness among consumers
    COUNTRIES COVERED US

    Market Highlights

    Author
    Garvit Vyas
    Analyst

    Explore the profile of Garvit Vyas, one of our esteemed authors at Market Research Future, and access their expert research contributions in the field of market research and industry analysis

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    FAQs

    What is the expected market size of the US Solar Thermal Collectors Market in 2024?

    The US Solar Thermal Collectors Market is expected to be valued at 3.5 billion USD in 2024.

    What market value is anticipated for the US Solar Thermal Collectors Market by 2035?

    By 2035, the US Solar Thermal Collectors Market is anticipated to reach a value of 7.0 billion USD.

    What is the projected compound annual growth rate (CAGR) for the US Solar Thermal Collectors Market from 2025 to 2035?

    The projected CAGR for the US Solar Thermal Collectors Market from 2025 to 2035 is 6.504%.

    Which product type holds the largest market share in the US Solar Thermal Collectors Market in 2024?

    In 2024, the Non-Concentrating product type holds the largest share, valued at 2.0 billion USD.

    What is the expected market size of the Concentrating product type by 2035?

    The Concentrating product type is expected to reach a market size of 3.0 billion USD by 2035.

    What are some key players in the US Solar Thermal Collectors Market?

    Key players in the US Solar Thermal Collectors Market include SunEarth, American Solar Direct, and Bosch Thermotechnology among others.

    Which segment is expected to grow significantly in the US Solar Thermal Collectors Market between 2025 to 2035?

    The Non-Concentrating segment is expected to grow significantly, reaching 4.0 billion USD by 2035.

    How has the US Solar Thermal Collectors Market been impacted by global economic scenarios?

    The US Solar Thermal Collectors Market continues to adapt to global economic conditions, showing resilience in growth.

    What are some growth drivers for the US Solar Thermal Collectors Market?

    Key growth drivers include increasing demand for renewable energy solutions and advancements in technology.

    What is the market growth rate for key applications in the US Solar Thermal Collectors Market?

    Key applications are expected to drive consistent growth, contributing to the overall increase in market value during the forecast period.

    1. EXECUTIVE SUMMARY
    2. Market Overview
    3. Key Findings
    4. Market Segmentation
    5. Competitive Landscape
    6. Challenges and Opportunities
    7. Future Outlook
    8. MARKET INTRODUCTION
    9. Definition
    10. Scope of the study
    11. Research Objective
    12. Assumption
    13. Limitations
    14. RESEARCH METHODOLOGY
    15. Overview
    16. Data Mining
    17. Secondary Research
    18. Primary Research
    19. Primary Interviews and Information Gathering Process
    20. Breakdown of Primary Respondents
    21. Forecasting Model
    22. Market Size Estimation
    23. Bottom-Up Approach
    24. Top-Down Approach
    25. Data Triangulation
    26. Validation
    27. MARKET DYNAMICS
    28. Overview
    29. Drivers
    30. Restraints
    31. Opportunities
    32. MARKET FACTOR ANALYSIS
    33. Value chain Analysis
    34. Porter's Five Forces Analysis
    35. Bargaining Power of Suppliers
    36. Bargaining Power of Buyers
    37. Threat of New Entrants
    38. Threat of Substitutes
    39. Intensity of Rivalry
    40. COVID-19 Impact Analysis
    41. Market Impact Analysis
    42. Regional Impact
    43. Opportunity and Threat Analysis
    44. US Solar Thermal Collectors Market, BY Product Type (USD Billion)
    45. Concentrating
    46. Non- Concentrating
    47. US Solar Thermal Collectors Market, BY Application (USD Billion)
    48. Residential
    49. Industrial
    50. Commercial
    51. Competitive Landscape
    52. Overview
    53. Competitive Analysis
    54. Market share Analysis
    55. Major Growth Strategy in the Solar Thermal Collectors Market
    56. Competitive Benchmarking
    57. Leading Players in Terms of Number of Developments in the Solar Thermal Collectors Market
    58. Key developments and growth strategies
    59. New Product Launch/Service Deployment
    60. Merger & Acquisitions
    61. Joint Ventures
    62. Major Players Financial Matrix
    63. Sales and Operating Income
    64. Major Players R&D Expenditure. 2023
    65. Company Profiles
    66. SunEarth
    67. Financial Overview
    68. Products Offered
    69. Key Developments
    70. SWOT Analysis
    71. Key Strategies
    72. American Solar Direct
    73. Financial Overview
    74. Products Offered
    75. Key Developments
    76. SWOT Analysis
    77. Key Strategies
    78. Enphase Energy
    79. Financial Overview
    80. Products Offered
    81. Key Developments
    82. SWOT Analysis
    83. Key Strategies
    84. Sunny Boy Solar
    85. Financial Overview
    86. Products Offered
    87. Key Developments
    88. SWOT Analysis
    89. Key Strategies
    90. SolarCity
    91. Financial Overview
    92. Products Offered
    93. Key Developments
    94. SWOT Analysis
    95. Key Strategies
    96. Bosch Thermotechnology
    97. Financial Overview
    98. Products Offered
    99. Key Developments
    100. SWOT Analysis
    101. Key Strategies
    102. Solaire Generation
    103. Financial Overview
    104. Products Offered
    105. Key Developments
    106. SWOT Analysis
    107. Key Strategies
    108. Fafco
    109. Financial Overview
    110. Products Offered
    111. Key Developments
    112. SWOT Analysis
    113. Key Strategies
    114. Rinnai
    115. Financial Overview
    116. Products Offered
    117. Key Developments
    118. SWOT Analysis
    119. Key Strategies
    120. Heliodyne
    121. Financial Overview
    122. Products Offered
    123. Key Developments
    124. SWOT Analysis
    125. Key Strategies
    126. SunMaxx Solar
    127. Financial Overview
    128. Products Offered
    129. Key Developments
    130. SWOT Analysis
    131. Key Strategies
    132. Solartwin
    133. Financial Overview
    134. Products Offered
    135. Key Developments
    136. SWOT Analysis
    137. Key Strategies
    138. Rheem Manufacturing
    139. Financial Overview
    140. Products Offered
    141. Key Developments
    142. SWOT Analysis
    143. Key Strategies
    144. APR Energy
    145. Financial Overview
    146. Products Offered
    147. Key Developments
    148. SWOT Analysis
    149. Key Strategies
    150. Thermal Energy Corporation
    151. Financial Overview
    152. Products Offered
    153. Key Developments
    154. SWOT Analysis
    155. Key Strategies
    156. References
    157. Related Reports
    158. US Solar Thermal Collectors Market SIZE ESTIMATES & FORECAST, BY PRODUCT TYPE, 2019-2035 (USD Billions)
    159. US Solar Thermal Collectors Market SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD Billions)
    160. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    161. ACQUISITION/PARTNERSHIP
    162. MARKET SYNOPSIS
    163. US SOLAR THERMAL COLLECTORS MARKET ANALYSIS BY PRODUCT TYPE
    164. US SOLAR THERMAL COLLECTORS MARKET ANALYSIS BY APPLICATION
    165. KEY BUYING CRITERIA OF SOLAR THERMAL COLLECTORS MARKET
    166. RESEARCH PROCESS OF MRFR
    167. DRO ANALYSIS OF SOLAR THERMAL COLLECTORS MARKET
    168. DRIVERS IMPACT ANALYSIS: SOLAR THERMAL COLLECTORS MARKET
    169. RESTRAINTS IMPACT ANALYSIS: SOLAR THERMAL COLLECTORS MARKET
    170. SUPPLY / VALUE CHAIN: SOLAR THERMAL COLLECTORS MARKET
    171. SOLAR THERMAL COLLECTORS MARKET, BY PRODUCT TYPE, 2025 (% SHARE)
    172. SOLAR THERMAL COLLECTORS MARKET, BY PRODUCT TYPE, 2019 TO 2035 (USD Billions)
    173. SOLAR THERMAL COLLECTORS MARKET, BY APPLICATION, 2025 (% SHARE)
    174. SOLAR THERMAL COLLECTORS MARKET, BY APPLICATION, 2019 TO 2035 (USD Billions)
    175. BENCHMARKING OF MAJOR COMPETITORS

    US Solar Thermal Collectors Market Segmentation

    • Solar Thermal Collectors Market By Product Type (USD Billion, 2019-2035)

      • Concentrating
      • Non- Concentrating
    • Solar Thermal Collectors Market By Application (USD Billion, 2019-2035)

      • Residential
      • Industrial
      • Commercial

     

     

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