Solar Thermal Market Demand, Rising Trends and Technology Advancements 2022 to 2026

Posted on Jun 20 2022 4:28 AM

"list Of Companies Profiled Are BrightSource Energy, Abengoa Solar, Siemens, Acciona, SolarReserve, Torresol Energy, Trivelli Energia, Abors green GmbH, Parvolen CSP Technologies, Sener, Lointek, SCHOTT "

The global submersible pump market size stood at USD 12.95 billion in 2018 is projected to reach USD 20.58 billion by 2026, exhibiting a CAGR of 6.0% during the forecast period.

The Solar Thermal Market 2022 | Energy And Power Industry Global Analysis by Covid-19 Impact On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2026 is latest study published by Fortune Business Insights.The Solar Thermal Market Growth rate or CAGR exhibited by a market for a given forecast period is calculated based on various factors and their level of impact on the market.

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                           Solar Thermal Market

Key Industry Development: 

In November 2019, Heliogen launched a new breakthrough in its technological portfolio, which is being funded by Bill Gates who also has investments made in Malta. The company also announced its technology which would make operations possible at 1,000 degrees celsius. This would help replace the use of fossil fuels in industrial processes, and therefore reducing GHG emissions.
In November 2019, Abengoa carried out a successful synchronization of the turbine at Luneng Haixi 50GW solar thermal power plant, which indicates the correct operation of mechanical and electrical infrastructure in the solar field. This project is being carried out as a part of the renewable energy program launched by the Chinese government back in 2018. The program aims at increasing the solar thermal installed base in-country to 27GW by 2030.

Solar Thermal Market Report Scope: 

Market size available for years 2019-2026
CAGR Value  5.6%
Base year considered 2018
Historical data 2015-2017
Forecast Period 2019-2026
Quantitative units Revenue in USD million and CAGR from 2019-20261
Segments Covered Types, Applications, End-Users, and more.
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Customization scope Report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Avail of customized purchase options to meet your exact research needs. Explore purchase options


Industry Globalization Drivers:

“Growing Adoption of Clean Fuel Alternatives Will Cater to Solar Thermal Market Growth”

The increasing emphasis on the adoption of clean fuel alternatives with the aim to curb carbon emissions is one of the primary factors driving the growth of the solar thermal market. Solar thermal systems can be deployed for diverse applications, which certainly reduce the dependency on fossil fuels. This, coupled with the operational and economic advantages for the user and the service provider, will act as the driving factors for solar thermal market growth.

“Renewable Target Rollouts by Governments Are Projected to Fuel Solar Thermal Industry Growth”

Governments in many countries and international organizations have rolled out several targets to be achieved by the end of 2020, 2030, 2040, and 2050. These targets mainly emphasize on increasing the share of renewables in energy generation. This factor, coupled with the incentives provided by the government to achieve the same, is acting as the driving force for rising investments in the solar industry. This has also helped the market to be fragmented and allowing new players to enter the market. These factors collectively are anticipated to help increase the overall solar thermal market size during the forecast period.


The Solar Thermal Market COVID-19 influence analysis:

  • Pre & post COVID-19 market size
  • A qualitative investigation of the long-term & short term influence of COVID-19 on the industry
  • The analysis provides the main approaches adopted by competitors to minimize the impact of the epidemics on their enterprise activities & scope for future developments.

Stepping into a Post-COVID Economy: How Energy and Power Industry Will Play an Essential Role in its Recovery. Request Sample Copy

The study provides analysis on market participants including:

  • BrightSource Energy
  • Abengoa Solar
  • Siemens
  • Acciona
  • SolarReserve
  • Torresol Energy
  • Trivelli Energia
  • Abors green GmbH
  • Parvolen CSP Technologies
  • Sener
  • Lointek

Segmental Outlook

Key segments, including types and applications, were detailed in this report. Consultants of verified market reports studied all segments and used historical data to provide market size. They also talked about the growth opportunities the segment could pose in the future. The study provides production and revenue data by type and application during the past period and forecast period(2022-2026).

Highlights of the Report:

Industry Overview: The first section of the research study covers an overview of the global Solar Thermal Market,market status and prospects,and product range. In addition,it provides highlights of the major segments of the global Solar Thermal Market,i.e. region, type and application segments.

 Competitive Analysis:This report illuminates important mergers and acquisitions,business expansion,product or service differences,market concentration,competitive status of the global Solar Thermal Market, and market size by player.

Company Profiles and Key Data:This section covers companies profiling the major players in the global Solar Thermal Market based on the aforementioned revenue,products,business and other factors.

 Market size by type and application:In addition to providing in-depth analysis of the global Solar Thermal Market size by type and application,this section provides research on top end users or consumers and potential applications.

Market Dynamics: This report covers the drivers, trends and opportunities of the global Solar Thermal Market. This section also includes Porter's analysis of five forces.

 Findings and Conclusions:It provides strong recommendations for new as well as established players for securing a position of strength in the global Solar Thermal Market.

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Detailed TOC of Global Solar Thermal Market Report 2022

Solar Thermal Market Introduction and Market Overview

  • Objectives of the Study
  • Overview of Solar Thermal Market
  • Solar Thermal Market Market Scope and Market Size Estimation
  • Market Concentration Ratio and Market Maturity Analysis
  • Global Solar Thermal Market Revenue and Growth Rate

 Market Segmentation

  • Types of Solar Thermal Market
  • Applications of Solar Thermal Market
  • Research Regions
  • Market Dynamics
  • Solar Thermal Market Industry Trends
  • Solar Thermal Market Drivers
  • Solar Thermal Market Market Challenges
  • Solar Thermal Market Market Restraints
  • Industry News and Policies by Regions
  • Industry News
  • Industry Policies
  • Mergers & Acquisitions, Expansion Plans
  • Solar Thermal Market Development Trends under COVID-9 Outbreak
  • Global COVID-9 Status Overview
  • Influence of COVID-9 Outbreak on Solar Thermal Market Industry Development

Industry Chain Analysis

  • Upstream Raw Material Supply and Demand Analysis
  • Global Solar Thermal Market Major Upstream Raw Material and Suppliers
  • Raw Material Source Analysis
  • Major Players of Solar Thermal Market
  • Major Players Manufacturing Base of Solar Thermal Market in 2026
  • Major Players Market Distribution in 2026
  • Solar Thermal Market Manufacturing Cost Structure Analysis
  • Production Process Analysis
  • Manufacturing Cost Structure of Solar Thermal Market
  • Market Channel Analysis of Solar Thermal Market
  • Major Down Stream Customers by Application


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