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Global Solar Thermal Power Market to Attain a Valuation of USD 33.96 Billion By 2030 | Infinium Global Research
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Market Overview: The global solar thermal power market, valued at USD 21.23 billion in 2022, is projected to burgeon to USD 33.96 billion by 2030, manifesting a robust CAGR of 5.36% during the forecast period from 2023 to 2030.
Solar thermal power generation systems harness sunlight to produce high-temperature heat, fueling electricity generation. These systems concentrate solar radiation through mirrors onto collectors, heating a heat-bearing medium that subsequently powers a turbine and generator. One distinctive advantage of solar thermal power is its capability to store thermal energy, ensuring continuous power generation even during low sunlight periods through advanced storage systems like molten salt or compressed air.
Market Dynamics: The shift towards renewable energy sources, propelled by environmental consciousness and carbon emission reduction needs, serves as a major driver for the solar thermal power market. This technology offers a sustainable and clean energy solution by harnessing sunlight for electricity generation. Moreover, technological advancements in solar thermal power systems, enhancing efficiency and cost-effectiveness, significantly contribute to market growth. Despite these advantages, the market faces challenges due to high initial investment costs. Nevertheless, the increasing global electricity demand presents promising growth opportunities.
Regional Insights: Asia Pacific is anticipated to lead the solar thermal power market, leveraging its extensive solar resources and high solar irradiation levels in countries like China, India, and Australia. Abundant sunlight availability in this region makes solar thermal power an attractive option for electricity generation. Favorable climatic conditions further enhance energy production efficiency. With rapid economic growth and escalating energy needs in the Asia Pacific, solar thermal power emerges as a clean and sustainable solution, reducing dependence on fossil fuels.
Segments Covered: The report segments the solar thermal power market based on systems (thermosiphon solar heating system, pumped solar heating system) and applications (hot water systems, solar combi systems, swimming pool heating, and others), providing an in-depth understanding of market dynamics and applications.
Key Market Players: Infinium Global Research profiles industry leaders such as Solar Energy Industries Association, GREENoneTEC Solar Industry GmbH, BTE Technologies, Siemens Energy, ACCIONA, Robert Bosch GmbH, Hitachi Energy Ltd., General Electric, AREVA S.A., and Tucson Electric. offering valuable insights into their market strategies and positioning.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Solar Thermal Power Market Highlights
2.2. Solar Thermal Power Market Projection
2.3. Solar Thermal Power Market Regional Highlights
Chapter 3. Global Solar Thermal Power Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter`s Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by System
3.4.2. IGR-Growth Matrix Analysis by Application
3.4.3. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Solar Thermal Power Market
Chapter 4. Solar Thermal Power Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Solar Thermal Power Market
5.2. Companies Profiles
5.2.1. Solar Energy Industries Association
5.2.2. GREENoneTEC Solar Industry GmbH
5.2.3. BTE Technologies
5.2.4. Siemens Energy
5.2.5. ACCIONA
5.2.6. Robert Bosch GmbH
5.2.7. Hitachi Energy Ltd.
5.2.8. General Electric
5.2.9. AREVA S.A.
5.2.10. Tucson Electric
Chapter 6. Global Solar Thermal Power Market by System
6.1. Thermosiphon Solar Heating System
6.2. Pumped Solar Heating System
Chapter 7. Global Solar Thermal Power Market by Application
7.1. Hot Water Systems
7.2. Solar Combi Systems
7.3. Swimming Pool Heating
7.4. Others
Chapter 8. Global Solar Thermal Power Market by Region 2023-2030
8.1. North America
8.1.1. North America Solar Thermal Power Market by System
8.1.2. North America Solar Thermal Power Market by Application
8.1.3. North America Solar Thermal Power Market by Country
8.1.3.1. The U.S. Solar Thermal Power Market
8.1.3.1.1. The U.S. Solar Thermal Power Market by System
8.1.3.1.2. The U.S. Solar Thermal Power Market by Application
8.1.3.2. Canada Solar Thermal Power Market
8.1.3.2.1. Canada Solar Thermal Power Market by System
8.1.3.2.2. Canada Solar Thermal Power Market by Application
8.1.3.3. Mexico Solar Thermal Power Market
8.1.3.3.1. Mexico Solar Thermal Power Market by System
8.1.3.3.2. Mexico Solar Thermal Power Market by Application
8.2. Europe
8.2.1. Europe Solar Thermal Power Market by System
8.2.2. Europe Solar Thermal Power Market by Application
8.2.3. Europe Solar Thermal Power Market by Country
8.2.3.1. Germany Solar Thermal Power Market
8.2.3.1.1. Germany Solar Thermal Power Market by System
8.2.3.1.2. Germany Solar Thermal Power Market by Application
8.2.3.2. United Kingdom Solar Thermal Power Market
8.2.3.2.1. United Kingdom Solar Thermal Power Market by System
8.2.3.2.2. United Kingdom Solar Thermal Power Market by Application
8.2.3.3. France Solar Thermal Power Market
8.2.3.3.1. France Solar Thermal Power Market by System
8.2.3.3.2. France Solar Thermal Power Market by Application
8.2.3.4. Italy Solar Thermal Power Market
8.2.3.4.1. Italy Solar Thermal Power Market by System
8.2.3.4.2. Italy Solar Thermal Power Market by Application
8.2.3.5. Rest of Europe Solar Thermal Power Market
8.2.3.5.1. Rest of Europe Solar Thermal Power Market by System
8.2.3.5.2. Rest of Europe Solar Thermal Power Market by Application
8.3. Asia Pacific
8.3.1. Asia Pacific Solar Thermal Power Market by System
8.3.2. Asia Pacific Solar Thermal Power Market by Application
8.3.3. Asia Pacific Solar Thermal Power Market by Country
8.3.3.1. China Solar Thermal Power Market
8.3.3.1.1. China Solar Thermal Power Market by System
8.3.3.1.2. China Solar Thermal Power Market by Application
8.3.3.2. Japan Solar Thermal Power Market
8.3.3.2.1. Japan Solar Thermal Power Market by System
8.3.3.2.2. Japan Solar Thermal Power Market by Application
8.3.3.3. India Solar Thermal Power Market
8.3.3.3.1. India Solar Thermal Power Market by System
8.3.3.3.2. India Solar Thermal Power Market by Application
8.3.3.4. South Korea Solar Thermal Power Market
8.3.3.4.1. South Korea Solar Thermal Power Market by System
8.3.3.4.2. South Korea Solar Thermal Power Market by Application
8.3.3.5. Australia Solar Thermal Power Market
8.3.3.5.1. Australia Solar Thermal Power Market by System
8.3.3.5.2. Australia Solar Thermal Power Market by Application
8.3.3.6. Rest of Asia-Pacific Solar Thermal Power Market
8.3.3.6.1. Rest of Asia-Pacific Solar Thermal Power Market by System
8.3.3.6.2. Rest of Asia-Pacific Solar Thermal Power Market by Application
8.4. RoW
8.4.1. RoW Solar Thermal Power Market by System
8.4.2. RoW Solar Thermal Power Market by Application
8.4.3. RoW Solar Thermal Power Market by Sub-region
8.4.3.1. Latin America Solar Thermal Power Market
8.4.3.1.1. Latin America Solar Thermal Power Market by System
8.4.3.1.2. Latin America Solar Thermal Power Market by Application
8.4.3.2. Middle East Solar Thermal Power Market
8.4.3.2.1. Middle East Solar Thermal Power Market by System
8.4.3.2.2. Middle East Solar Thermal Power Market by Application
8.4.3.3. Africa Solar Thermal Power Market
8.4.3.3.1. Africa Solar Thermal Power Market by System
8.4.3.3.2. Africa Solar Thermal Power Market by Application
More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/market-reports/enquiry/1021
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of solar thermal power.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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