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Premium Report Details
Base Year: 2024
Companies covered: 10
Tables & Figures: 20
Countries covered: 15
Pages: 125
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PVT Collectors Market
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PVT Collectors Market Size
The global PVT collectors market was valued at USD 2.2 billion in 2024 and is estimated to grow at a CAGR of 5.1% from 2025 to 2034. Increased demand for solar solutions integrated in remote and off-grid areas and locations is set to propel the use of PVT collectors. The systems offer an economical and efficient source of electrical and thermal energy, decreasing dependence on conventional fuels. Additionally, increased electrification targets in remote areas will propel market growth.
The growing focus on energy efficiency in building infrastructure is likely to boost the use of PVT collectors. For example, according to Solar Heat Worldwide 2024 edition, in 2023, the installed PVT collector area worldwide had reached 1.6 million m², and Europe had provided 64% of this capacity. France, Germany, and the Netherlands contributed the most. This large deployment is a testimonial to increased use of those systems that both produce electricity as well as heat, increasing net energy efficiency as well as fostering market growth.
The growing adoption of hybrid renewable technologies in building energy systems and the growing emphasis on space optimization are expected to promote the installation of photovoltaic thermal (PVT) collectors. These devices provide dual energy output with less land use and installation expenses, making them a promising solution for high-density urban areas. In addition, government pressure towards low-emission buildings will drive the market growth.
The rising integration of PVT systems with heat pumps is expected to stimulate market growth. In 2024, the HPPVT40 project by Fraunhofer ISE aims to develop a system combining PVT collectors with heat pumps, targeting up to a 30% increase in domestic hot water heating efficiency and up to a 10% improvement in space heating efficiency. Also, those combined solutions entail large energy savings, which enhances the PVT collectors market growth.
The increasing demand for effective low-temperature heat for residential and commercial applications and the trend towards decentralized energy systems will shape the utilization of PVT collectors. The dual-generation aspect increases energy gain from small roof areas, providing a cost-effective option compared to individual systems. Overall, rising global awareness of building-integrated renewable energy solutions will further expand the market growth.
Heavy tariffs by the Trump administration on imported components of PVT collectors, such as solar cells and heat exchangers, are expected to have an impact on the market growth. The increased import duties have raised overall system costs and discouraged procurement of high-efficiency hybrid units, particularly from key manufacturing hubs in Asia, thereby hindering deployment timelines and negatively impacting the market expansion.
PVT Collectors Market Trends
PVT Collectors Market Analysis
PVT Collectors Market Share
PVT Collectors Market Companies
Eminent players operating in the PVT collectors industry are:
PVT Collectors Industry News
PVT collectors market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in “(USD Million & MW)” from 2021 to 2034, for the following segments:
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PVT Collectors Market, By Type
PVT Collectors Market, By Application
The above information has been provided for the following regions and countries: