Global Solar Thermal Market by Collector Types, System Types, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026.

The global Solar Thermal market is expected to grow with a substantial CAGR, during the forecast period, 2020–2026. Surging investment in renewable energy is one of the major factors driving the overall market growth.

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A solar thermal system uses the sunrays to make heat which in turn is used to run various systems. They majorly include solar panels to catch sun rays. The panel used can be photovoltaic or concentrating solar panels, as they are able to generate a massive amount of energy which can be used for serving more people as compared to photovoltaic panels.

The adoption of solar thermal energy has risen in recent years across almost every regions attributing to green energy targets set by countries.

Market Trends, Drivers, Restraints, and Opportunities:

• Growing adoption of clean fuel alternatives is projected to cater to global solar thermal market growth, during the forecast period. The aim of curbing the carbon emissions coupled with operational and economic advantages is expected to bolster the market growth.
• Government in many countries and international organizations has released several targets to be achieved by the end of 2020, 2030, 2040, and 2050. These targets focus on increasing the dependency on renewable energy sources. This integrated with provided incentives by the government is projected to further drive the market growth.
• The increasing investment in renewable energy has, in turn, boosted the amount of electricity production. Solar and wind power accounts for the highest share of renewable capacity addition.
• The fact that solar thermal system is not perfectly reliable is expected to a restrain the market growth.
• The use of advanced technology to generate electricity from renewable energy sources is increasing at a fast-pace. This factor is a major opportunity for the market growth in the coming years.

Competitive Landscape:

Key players include BrightSource Energy, Abengoa Solar, Siemens, Acciona, SolarReserve, Torresol Energy, Trivelli Energia, Abors green GmbH, Parvolen CSP Technoligies, Sener, Lointek, and SCHOTT.

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The global Solar Thermal market has been segmented on the basis of:

Collector Types

• Evacuated Tube Collector
• Flat Plate Collector
• Unglazed Water Collector
• Air Collector Line-interactive

Systems Types

• Thermosiphon Solar Heating Systems
• Pumped Solar Heating Systems

Applications

• Domestic Hot Water Systems
• Large DHW Systems
• Solar Combi System
• Swimming Pool Heating
• others

Regions

• Asia-Pacific
• North America
• Europe
• Latin America
• Middle East & Africa

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Table of Contents

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Thermal Market Overview
5. Global Solar Thermal Market Analysis and Forecast by Type
6. Global Solar Thermal Market Analysis and Forecast by Application
7. Global Solar Thermal Market Analysis and Forecast by Sales Channel
8. Global Solar Thermal Market Analysis and Forecast by Region
9. North America Solar Thermal Market Analysis and Forecast
10. Latin America Solar Thermal Market Analysis and Forecast
11. Europe Solar Thermal Market Analysis and Forecast
12. Asia Pacific Solar Thermal Market Analysis and Forecast
13. Middle East & Africa Solar Thermal Market Analysis and Forecast
14. Competition Landscape

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