Research on Solar Chimney Market in Global Industry By Segments, Major Geographies And Current Market Trends 2017

Albany, NY, 20 JAN : The increasing depletion of fossil non-renewable sources has shifted the focus of investors towards exploring renewable sources for energy generation. With the sun being the most prominent resource of renewable energy in the world, solar energy offers lucrative cost benefits in comparison to other renewable energy. As a result, consumers are highly attracted towards the products that function on solar energy, among which, solar chimneys are prominent ones. Although these chimneys run on a recently developed technique, their future is teeming with productive opportunities.

This research study attempts to present a complete and an unbiased overview of the global market for solar chimneys on the basis of its past and existing performance. The key driving factors, restraints, significant trends, opportunities, challenges, and future prospects of this market have also been studied thoroughly in this research report.

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Solar chimneys, commonly known as thermal chimneys, are the systems that provide ventilation using the solar energy. These chimneys function on the basis of three essential parts, namely, glass roof collector, wind turbines, and chimney. The air is passed through the glass roof, which then heats up the water existing in the tubes. This water, which gets heated up in the day time, eliminates heat at night, completing the function of solar chimneys.

Single solar chimney with the large size roof area is sufficient enough to generate 150 MW to 250 MW continuously for 24 Hours. Thus, small numbers of solar chimneys can replace a nuclear power station in the future, requiring low operational and maintenance costs. Solar chimneys are almost similar to hydroelectric power stations. Both the power generation systems require a pressure staged turbines and are capable of achieving low power production costs due to their less running costs and longer lifespan.

The reservoir area and collector roof required for solar chimneys are also comparable to the amount of electricity generated. However, the collector roof can be easily built in desert areas and can be removed with ease, whereas large quantity of land is submerged under the reservoirs. Solar chimneys requires dry air and can work without the cavitations and corrosions created by water. Soon they will be as successful as power stations with low operational costs.

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Geographies analyzed under this research report include

North America
Asia Pacific
Europe
Rest of the World

This report provides comprehensive analysis of

Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years

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