Global Solar Thermal Market Insights and Forecast to 2027

Solar thermal energy concentrates sun rays on a heat transfer fluid to produce steam. This steam is then converted into mechanical energy in a turbine that turns a generator to produce electricity. It is different from solar photovoltaic (PV) systems, wherein the electricity is produced directly from solar radiation using solar panels.
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.

Market Analysis and Insights: Global Solar Thermal Market
The global Solar Thermal market is valued at US$ XX million in 2019. The market size will reach US$ XX million by the end of 2026, growing at a CAGR of XX% during 2021-2026.

Global Solar Thermal Scope and Segment
Solar Thermal market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Solar Thermal market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Concentrated Solar Thermal
Non-Concentrated Solar Thermal

Segment by Application
Heat Generation
Power Generation

By Company
Abengoa
Bosch Thermotechnology
ACCIONA
GREENoneTEC
Viessmann

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E