Press release
Solar Thermal Market Projection By Key Players, Status, Growth, Revenue, SWOT Analysis Forecast Outlook 2028
The global solar thermal market size was 496.15 GW in 2018 and is projected to reach 767.73 GW by 2026, exhibiting a CAGR of 5.6% during the forecast period.
Fortune Business Insights provides a detailed evaluation of the global market by analyzing factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.
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What Does the Report Contain?
Elaborate information about various insights, such as global market trends, opportunities, challenges, growth drivers, and major obstacles.
Analysis of every segment present in the market.
Comprehensive analysis of the market by evaluating top players and following significant product positioning.
Top Players Mentioned:
Epicor Software
HighJump Software
Tecsys, Inc.
Infor Inc.
JDA Software Group, Inc.
LogFire Inc.
Made4net LLC
Manhattan Associates Inc.
Oracle Corporation
Reply
SAP SE
Softeon, Inc.
Synergy Logistics Ltd.
The rising instability in crude oil prices is expected to positively impact the growth of the Solar Thermal Collector Market. Rising privatization and relaxation in the FDI norms are factors enabling growth in the market. Also, governments are heavily investing in power projects, which in turn, may fuel demand for energy and power plants across the globe.
The increased spending on oil and gas across the world is another factor likely to drive the Solar Thermal Collector Market rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fuelling demand for energy, and is expected to drive the Solar Thermal Collector Market.
Solar thermal systems utilize the sunrays to generate heat which is then used to run various systems. They mainly consist of panels that capture the sun rays. The panels used can be photovoltaic or concentrating solar panels. The most preferred panels for solar thermal systems are concentrating solar panels as these are capable of generating a greater amount of energy which can be used for serving more people as compared to photovoltaic panels. Also, the inclination towards renewables in recent years has propelled the solar thermal market growth. The infrastructure required for solar thermal has been developed in the developing nations and also in countries that are already equipped with the same for capacity addition.
The adoption of solar thermal energy has increased in recent years across all regions owing to the green energy targets set by countries. The Asia Pacific has dominated the market for solar thermal installations, with a major share being occupied by China. China has witnessed the maximum number of installations in the historical years, and it also has a strong planned installation to be carried out in the given forecast period. The major factors driving the growth of the region are green energy target rollouts by the major countries in the region, rural electrification plans, increasing population and increasing demand for clean energy.
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Market Segmentation:
By Collector Type
Evacuated Tube Collector
Flat Plate Collector
Unglazed Water Collector
Air Collector
By Type of System
Thermosiphon Solar Heating Systems
Pumped Solar Heating System
By Application
Domestic hot water systems
Large DHW systems
Solar Combi systems
Swimming pool heating
Others
By Region
North America (the U.S. and Canada)
Europe (U.K., Germany, France, Italy, Spain, Turkey and the Rest of Europe)
Asia Pacific (China, India, Japan, Australia, Southeast Asia and the Rest of Asia Pacific)
Latin America (Brazil, Mexico and the Rest of Latin America)
Middle East & Africa (GCC, South Africa and the Rest of the Middle East & Africa)
The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive the competition and maintain their stronghold.
MARKET DRIVERS
The increasing emphasis on the adoption of clean fuel alternatives with the aim to curb carbon emissions is one of the primary factors driving the growth of the solar thermal market. Solar thermal systems can be deployed for diverse applications, which certainly reduce the dependency on fossil fuels. This, coupled with the operational and economic advantages for the user and the service provider, will act as the driving factors for solar thermal market growth. Governments in many countries and international organizations have rolled out several targets to be achieved by the end of 2020, 2030, 2040, and 2050. These targets mainly emphasize on increasing the share of renewables in energy generation. This factor, coupled with the incentives provided by the government to achieve the same, is acting as the driving force for rising investments in the solar industry. This has also helped the market to be fragmented and allowing new players to enter the market. These factors collectively are anticipated to help increase the overall solar thermal market size during the forecast period.
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Major Table of Content for Solar Thermal Collector Market:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Emerging Trends - For Major Countries
Latest Technological Advancement
Regulatory Landscape
Industry SWOT Analysis
Porters Five Forces Analysis
Global Solar Thermal Market Analysis (GW), Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast - By Collector Type
Evacuated Tube Collector
Flat Plate Collector
Unglazed Water Collector
Air Collector
Market Analysis, Insights and Forecast - By Type of System
Thermosiphon Solar Heating Systems
Non-Thermosiphon Solar Heating Systems
Market Analysis, Insights and Forecast - By Application
Domestic Hot Water System
Large DHW System
Solar Combi System
Swimming Pool Heating
Other
Market Analysis, Insights and Forecast - By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
North America Solar Thermal Market Analysis (GW), Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast - By Collector Type
Evacuated Tube Collector
Flat Plate Collector
Unglazed Water Collector
Air Collector
Market Analysis, Insights and Forecast - By Type of System
Thermosiphon Solar Heating Systems
Non-Thermosiphon Solar Heating Systems
Market Analysis, Insights and Forecast - By Application
Domestic Hot Water System
Large DHW System
Solar Combi System
Swimming Pool Heating
Other
Market Analysis, Insights and Forecast - By Country
U.S.
Canada
TOC Continued…!!!
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