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Global Solar Thermal Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Solar thermal energy is a type of energy that is obtained from the sun and used to generate heat using a variety of technologies for industrial, domestic, and commercial applications. As there is a high need for solar heating systems for direct heating, drying, and water desalination, solar thermal is anticipated to expand gradually. The photovoltaic generators, which have previously been utilised to construct gigawatt photovoltaic power stations, are more appropriate for producing electricity from solar energy. As a result, the sector of electricity generation will use solar thermal systems less.
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North America is projected to have the highest CAGR over the forecast period, owing to the government-set renewable energy goals and the declining cost of technology. Pool heating, commercial use and growing worry about the depletion of natural resources are anticipated to boost demand. The use of evacuated tube collectors in industrial applications is projected to increase as a result of the region's growing technological development.
Some of the key players profiled in the Solar Thermal Market include Acciona, Siemens AG, Torresol Energy, Solareast Holdings Co. Ltd., Trivelli Energy, SCHOTT Solar, Greenonetec Solarindustrie GmbH, Lointek, SolarReserve, Photon Energy Systems Limited, Linuo Ritter International Co. Ltd., Abors Green GmbH, BTE Solar Co. Ltd, BrightSourcEnergy, Sener and Abengoa Solar.
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All the customers of this report will be entitled to receive one of the following free customization options:
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Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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