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Global Solar Thermal Market 2018-2022

  • Published: Jul 2018
  • Pages: 80
  • SKU: IRTNTR22607
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Technavio’s market research analysts have predicted that the solar thermal market will register a CAGR close to 5% by 2022. This industry research report presents a comprehensive analysis of the global solar thermal market by application such as heat generation and power generation. The report also presents a detailed analysis of the market’s growth prospects across regions such as the Americas, APAC, and EMEA.

Global Solar Thermal Industry Overview

Our analysts have identified the growing investments in renewable energy to be one of the major factors driving market growth. The total revenue of electricity generated from renewable sources is higher than that from conventional sources. The use of advanced technology to generate electricity from renewable energy sources is increasing at a fast-pace. This increases the market competition with newly built fossil fuel power plants. In the recent times, the investments have increased significantly in renewable sources of energy worldwide owing to low carbon emission and the competitive cost of generating electricity. The growing investment in renewable energy has, in turn, increased the amount of electricity production. Solar and wind power accounts for the highest share of renewable capacity addition.

 

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Companies covered

The solar thermal market is moderately fragmented owing to the presence of a large number of vendors. This solar thermal industry analysis report will help the clients identify new growth opportunities and design new growth strategies. Also, this report offers a competitive analysis of the players in the solar thermal energy market along with information on the products offered by the companies.

The report offers a complete analysis of a number of companies including:

  • Abengoa
  • ACCIONA
  • Bosch Thermotechnology
  • GREENoneTEC
  • Viessmann

Solar thermal market growth based on geographic regions

  • Americas
  • APAC
  • EMEA

In terms of geographic regions, APAC accounted for the major share in the market in 2017. The economic development and the need for energy in the emerging countries such as China and India will propel the growth of the solar thermal electricity market during the forecast period.

Solar thermal market growth based on application

  • Heat generation
  • Power generation

The heat generation segment accounted for the major share of the market during 2017. According to our research report, the growing demand for heat generation will significantly drive the growth of the solar thermal energy market during the forecast period.

Key highlights of the global solar thermal market for the forecast years 2018-2022:

  • CAGR of the market during the forecast period 2018-2022
  • Detailed information on factors that will accelerate the growth of the solar thermal market during the next five years
  • Precise estimation of the global solar thermal market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • Growth of the solar thermal industry across various geographies such as the Americas, APAC, and EMEA
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive information about factors that will challenge the growth of solar thermal manufacturers

 

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This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the solar thermal market and its stakeholders over the forecast years. Our analysts at Technavio have also considered how the performance of other related markets in the energy will impact the size of the solar thermal market till 2022. Some of the markets most likely to influence the growth of the solar thermal market over the coming years are the concentrated solar power market and solar thermal market in Europe.

 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: MARKET SEGMENTATION BY APPLICATION

  • Segmentation by application
  • Comparison by application
  • Heat generation – Market size and forecast 2017-2022
  • Power generation – Market size and forecast 2017-2022
  • Market opportunity by application

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • APAC – Market size and forecast 2017-2022
  • EMEA – Market size and forecast 2017-2022
  • Americas – Market size and forecast 2017-2022
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Solar thermal enhanced oil recovery
  • Development of zero-energy buildings
  • Reduction in CSP system cost

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Abengoa
  • ACCIONA
  • Bosch Thermotechnology
  • GREENoneTEC
  • Viessmann

PART 15: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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