Global Solar Thermal Market 2022-2028
About Solar Thermal
Solar thermal energy concentrates sun rays on a heat transfer fluid to produce steam. This steam is then converted into mechanical energy in a turbine that turns a generator to produce electricity. It is different from solar photovoltaic (PV) systems, wherein the electricity is produced directly from solar radiation using solar panels.
The analysts forecast the global solar thermal market to grow at a CAGR of 4.78% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global solar thermal market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Solar Thermal Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Abengoa
• ACCIONA
• Bosch Thermotechnology
• GREENoneTEC
• Viessmann
Market driver
• Rise in investments in renewable energy
• For a full, detailed list, view our report
Market challenge
• Technical challenges associated with solar thermal technology
• For a full, detailed list, view our report
Market trend
• Solar thermal enhanced oil recovery
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Solar thermal energy concentrates sun rays on a heat transfer fluid to produce steam. This steam is then converted into mechanical energy in a turbine that turns a generator to produce electricity. It is different from solar photovoltaic (PV) systems, wherein the electricity is produced directly from solar radiation using solar panels.
The analysts forecast the global solar thermal market to grow at a CAGR of 4.78% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global solar thermal market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Solar Thermal Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Abengoa
• ACCIONA
• Bosch Thermotechnology
• GREENoneTEC
• Viessmann
Market driver
• Rise in investments in renewable energy
• For a full, detailed list, view our report
Market challenge
• Technical challenges associated with solar thermal technology
• For a full, detailed list, view our report
Market trend
• Solar thermal enhanced oil recovery
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Frequently Asked Questions
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