Solar Thermal Market in Europe 2018-2022

Solar Thermal Market in Europe 2018-2022

  • March 2018 •
  • 106 pages •
  • Report ID: 5356604 •
  • Format: PDF
About Solar Thermal Technology

The solar thermal technology captures the solar radiation and uses the energy to produce electricity and heat. It is different from solar photovoltaic (PV) system where the electricity is directly produced from the solar radiation through solar panels. In solar thermal technology, the sun’s radiations are concentrated to heat a heat transfer fluid, which is then used to generate steam that runs the turbine to generate electricity. Solar thermal is also used for space heating purpose.

Technavio’s analysts forecast the solar thermal market in Europe to grow at a CAGR of 3.43% during the period 2018-2022.

Covered in this report
The report covers the present scenario and the growth prospects of the Solar Thermal Market in Europe for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

Technavio’s report, Solar Thermal Market in Europe 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Market driver
• Change in energy mix
• For a full, detailed list, view our report

Market challenge
• Intermittency of solar resource
• For a full, detailed list, view our report

Market trend
• Emergence of smart cities
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

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