Solar Thermal Market

1
Opportunity Analysis and Industry Forecast,
2016-20237
Solar Thermal Market by Collector Type, by
System, by Application, by End Use Global
Opportunity Analysis and Industry Forecast,
2021-2031
Pages 456 Tables 386 Charts60
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• Top Impacting Factors
• The solar thermal market size was valued at
  21.5 billion in 2021, and solar thermal industry
  is estimated to reach 35.3 billion by 2031,
  growing at a CAGR of 5.1 from 2022 to 2031.
• Solar thermal systems collect energy from sun and
  transform it into heat which is used to raise the
  temperature of a heat transfer fluid.
• This fluid can be air, water or specially
  designed fluid which can be directly used for hot
  water or space heating and cooling.
• The emergence of solar power as the most
  sustainable source of renewable energy will also
  boost the installation of solar thermal power
  plants worldwide.

Global Solar Thermal Market Outlook (2021 2031)
Pages 456 Tables 386 Charts60
3

• Rise in prominence of solar space heating coupled
  with significant development of testing
  facilities for solar receiver tubes and other
  thermal components, will foster the solar thermal
  market trends.
• The introduction of favorable schemes to
  encourage the installation of solar water heaters
  and heat pump technologies is projected to
  further amplify industry expansion in the
  upcoming years.
• The most rising trend in the solar thermal market
  is the solar district heating system coupled with
  seasonal storage.

Global Solar Thermal Market Outlook (2021 2031)
Pages 456 Tables 386 Charts60
4

• Key Findings of The Solar Thermal Market
• Asia-Pacific is expected to exhibit CAGR of 5.5
  during 2022-2031.
• As per global solar thermal market analysis, by
  collector type, the evacuated tube collector
  segment accounted for the largest share in 2021.
• By system, thermosiphon solar heating system
  reforming was the leading segment in 2021.
• By application, hot water system segment
  accounted for the largest market share in 2021.
• By end use, residential had the largest market
  share in 2021.

Global Solar Thermal Market Outlook (2021 2031)
Pages 456 Tables 386 Charts60
5

• The key players profiled in the report include
• Photon Energy Systems Limited.
• Abengoa Solar
• SolarReserve
• BrightSource Energy Sener
• Acciona
• Trivelli Energy
• Lointek
• Solareast Holdings Co. Ltd
• Liontek
• Linuo Ritter International Co. Ltd
• Abors green GmbH

Global Solar Thermal Market Outlook (2021 2031)
Pages 456 Tables 386 Charts60
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Global Solar Thermal Market Outlook (2021 2031)
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