Solar thermal power generation market situation

What is the solar thermal power market trend?

Also, the green energy targets being looked upon by countries have increased the deployment rate of solar power in the region. Currently, China is the market leader both regionally and globally, and this solar thermal power market trend is set to continue with rising investment being witnessed for solar power.

What is the global solar thermal market size?

The global solar thermal market size stood at 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. We are in process of revamping Solar Thermal Market with respect to COVID-19 Impact. Solar thermal systems utilize the sunrays to generate heat which is then used to run various systems.

How much is the solar thermal market worth?

Fortune Business Insights says that the Solar Thermal market was valued at 496.15 GW in 2018. How much will the global solar thermal market be worth in the future?

Why is the solar thermal market growing?

The technological advancements brought in the flat plate collectors to increase their efficiency has been one of the reasons for high solar thermal market growth. Air collectors occupy a minimal solar thermal market share in the market as they are only deployed for some specific use and have low operational efficiency.

What is the solar thermal market report?

The report provides a detailed solar thermal market analysis and focuses on key aspects such as leading companies, product/service types, and key applications of the product. Besides this, the report offers insights into the market, recent market trends, and highlights key industry developments.

Which country dominates the solar thermal installation market?

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.