| Product Code: ETC6191531 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Australia`s import trend for solar thermal collectors in 2024 displayed a significant growth rate of 348.84% from 2023. The compound annual growth rate (CAGR) for the period 2020-2024 stood at 55.46%. This substantial surge in imports can be attributed to the growing demand for renewable energy solutions and the increasing focus on sustainability in the market.
The Solar Thermal Collectors Market, a subset of the solar thermal segment, consists of devices that capture solar radiation to produce thermal energy. This includes flat-plate collectors, evacuated tube collectors, and concentrating collectors. The Australia market benefits from abundant solar resources, encouraging adoption for water heating, space heating, and industrial processes.
The solar thermal collectors market is witnessing increased efficiency through improved absorber coatings and selective materials. There is a push toward flat-plate and evacuated tube collectors tailored for different climatic conditions. The integration of collectors with smart control systems for temperature regulation is a growing trend enhancing energy savings.
Collectors must maintain high thermal efficiency while being durable against environmental degradation like UV radiation and corrosion. Innovations to reduce costs without sacrificing performance are ongoing challenges. Market penetration is limited by the preference for electric or gas heating systems in many segments.
Within the broader thermal segment, solar thermal collectors have strong potential, especially in residential and hospitality sectors for hot water and space heating. Investment in manufacturing, installation services, and hybrid systems that combine thermal and PV technologies can help address growing demand in energy-efficient buildings.
Policies under the RET and energy efficiency programs incentivize the use of solar thermal collectors, especially for water heating. The government also supports solar hot water systems through rebates and low-interest financing programs. These policies aim to reduce the burden on the electrical grid and promote renewable heating solutions in residential and commercial buildings.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Solar Thermal Collectors Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Solar Thermal Collectors Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Solar Thermal Collectors Market - Industry Life Cycle |
3.4 Australia Solar Thermal Collectors Market - Porter's Five Forces |
3.5 Australia Solar Thermal Collectors Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Australia Solar Thermal Collectors Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Australia Solar Thermal Collectors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government support and incentives for renewable energy projects in Australia |
4.2.2 Growing awareness and concern for environmental sustainability |
4.2.3 Rising energy costs leading to a shift towards alternative energy sources |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with solar thermal collectors |
4.3.2 Intermittent nature of solar energy leading to variability in energy production |
4.3.3 Competition from other renewable energy sources like wind and hydropower |
5 Australia Solar Thermal Collectors Market Trends |
6 Australia Solar Thermal Collectors Market, By Types |
6.1 Australia Solar Thermal Collectors Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Australia Solar Thermal Collectors Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Australia Solar Thermal Collectors Market Revenues & Volume, By Concentrating, 2021- 2031F |
6.1.4 Australia Solar Thermal Collectors Market Revenues & Volume, By Non-Concentrating, 2021- 2031F |
6.2 Australia Solar Thermal Collectors Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Australia Solar Thermal Collectors Market Revenues & Volume, By Commercial, 2021- 2031F |
6.2.3 Australia Solar Thermal Collectors Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.4 Australia Solar Thermal Collectors Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Australia Solar Thermal Collectors Market Import-Export Trade Statistics |
7.1 Australia Solar Thermal Collectors Market Export to Major Countries |
7.2 Australia Solar Thermal Collectors Market Imports from Major Countries |
8 Australia Solar Thermal Collectors Market Key Performance Indicators |
8.1 Average daily solar radiation levels in key regions of Australia |
8.2 Number of new solar thermal collector installations in the market |
8.3 Efficiency improvements in solar thermal technology |
8.4 Adoption rate of solar thermal collectors in residential and commercial sectors |
8.5 Research and development investment in solar thermal technology |
9 Australia Solar Thermal Collectors Market - Opportunity Assessment |
9.1 Australia Solar Thermal Collectors Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Australia Solar Thermal Collectors Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Australia Solar Thermal Collectors Market - Competitive Landscape |
10.1 Australia Solar Thermal Collectors Market Revenue Share, By Companies, 2024 |
10.2 Australia Solar Thermal Collectors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |