Solar Thermal Technologies: Applications and Global Markets
The global market for solar thermal technologies is expected to grow at a compound annual growth rate (CAGR) of 16.6%, from nearly $19.8 billion in 2014 to about $42.6 billion in 2019.
- An overview of the global markets for solar thermal technologies and applications
- Analyses of market trends, with data from 2013, estimates for 2014, and projections of CAGRs through 2019
- Discussion and analysis of the market based on market share, technology type, geography, and field of application
- Assessments of the influence of regulations and energy policies on the market
- A listing of all currently applied solar thermal technologies as well as information regarding market shares for each applied technology
- Analysis of the advantages and disadvantages to using each type of technology covered
- Comprehensive company profiles of major players in the solar thermal technologies field
The scope of this investigation includes only major viable technologies and products implemented in all market sectors to concentrate, collect, receive, absorb or otherwise make available solar thermal energy for heating or power generation processes. These ST technologies can include various components such as receiver surfaces, receiver tubes (heat collection elements), solar collector assemblies (structural frames), reflective surfaces (mirrors, reflective film), and solar tracking and motion control systems. Solar thermal technologies are integral components to any ST system whose sales and manufacturing volumes are largely indicative of the actual or anticipated performance of the entire ST technology market. Emerging ST technologies anticipated to be commercially nonviable are not included in the market assessment of this report.
BCC Research analyzes each major viable ST technology, determines its current market status, examines its impact on future markets and presents forecasts of growth over the next five years. Technological issues, including the latest trends, are assessed and discussed, as are the current and likely regulatory environment in support of this industry.
BCC Research analyzes the industry on a worldwide basis in terms of its manufacture and deployment of its technologies or products. BCC Research examines government roles in support of solar thermal technologies worldwide, including regulatory support and requirements, feed-in tariffs and promotional incentives for various ST technologies, as relevant and available. The report provides a review of the most relevant ST technologies, discusses recent trends in capacity installation and unit sales, and provides industry overviews and market assessments for each ST technology. By 2019, the worldwide markets for ST technologies are expected to reach $42.6 billion with an estimated compound annual growth rate (CAGR) of 16% from 2014 to 2019.
The following is a list of the major worldwide markets that were assessed in support of this study:
- United States.
- Europe: European Union; Non-EU members.
- Asia (excluding China).
- MENA Region.
- Rest of the world (ROW)
Nikolaos Bazoukis has more than a decade of experience working in the energy and environmental industries. While doing his MSc course at the School of Mechanical Engineering of Aristotle University in Greece, he practiced at the Public Power Co. of Greece. After graduation, he worked as a freelance engineer and consultant and provided economic analysis, market assessments, environmental analysis, and technical water and energy reports to state and local governments, other consultants, and privately owned companies and individuals throughout Greece. He is currently a chartered building surveyor at the Greek Ministry of Environment, Energy and Climate Change. He has also served as an energy auditor for the same Ministry and as an investment auditor for the Business and Cultural Development Centre and the National Bank of Greece. He is also a certified public projects systems designer for electrical, mechanical and electronic projects. Over the last few years, he has focused on solar thermal technologies by implementing them in the hospitality industry for the large-scale production of domestic hot water.