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.
In terms of geographic regions, APAC accounted for the major share in the market in 2017. The economic development and the need for energy in the emerging countries such as China and India will propel the growth of the solar thermal electricity market during the forecast period.
The heat generation segment accounted for the major share of the market during 2017. According to our research report, the growing demand for heat generation will significantly drive the growth of the solar thermal energy market during the forecast period.
In 2019, the market size of Solar Thermal is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Solar Thermal.
This report studies the global market size of Solar Thermal, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Solar Thermal production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Abengoa
Bosch Thermotechnology
ACCIONA
GREENoneTEC
Viessmann
...
Market Segment by Product Type
Concentrated Solar Thermal
Non-Concentrated Solar Thermal
Market Segment by Application
Heat Generation
Power Generation
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Solar Thermal status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Solar Thermal manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Solar Thermal are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Solar Thermal. Industry analysis & Market Report on Solar Thermal is a syndicated market report, published as Global (United States, European Union and China) Solar Thermal Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Solar Thermal market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.