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Global Solar Thermal Market 2018-2022

Global Solar Thermal Market 2018-2022

About Solar Thermal

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.

Technavio’s analysts forecast the global solar thermal market to grow at a CAGR of 4.78% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global solar thermal market 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:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Solar Thermal Market 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.

Key vendors
  • Abengoa
  • ACCIONA
  • Bosch Thermotechnology
  • GREENoneTEC
  • Viessmann
Market driver
  • Rise in investments in renewable energy
  • For a full, detailed list, view our report
Market challenge
  • Technical challenges associated with solar thermal technology
  • For a full, detailed list, view our report
Market trend
  • Solar thermal enhanced oil recovery
  • 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?


  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global renewable energy market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition – Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global – Market size and forecast 2017-2022 (MW)
      • Table Global heat in final energy consumption and global energy consumption for heat 2015
      • Table Global – Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition – Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Application – Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Heat generation – Market size and forecast 2017- 2022
      • Table Heat generation – Market size and forecast 2017-2022 (MW)
      • Table Heat generation – Year-over-year growth 2018-2022 (%)
    • Power generation – Market size and forecast 2017-2022
      • Table Power generation – Market size and forecast 2017-2022 (MW)
      • Table Power generation – Year-over-year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Regional – Market share by geography 2017-2022 (%)
    • Regional comparison
    • APAC – Market size and forecast 2017-2022
      • Table APAC – Market size and forecast 2017-2022 (MW)
      • Table APAC – Year-over-year growth 2018-2022 (%)
    • EMEA – Market size and forecast 2017-2022
      • Table EMEA – Market size and forecast 2017-2022 (MW)
      • Table EU energy strategy 2020 and 2030
      • Table EMEA – Year-over-year growth 2018-2022 (%)
    • Americas – Market size and forecast 2017-2022
      • Table Americas – Market size and forecast 2017-2022 (MW)
      • Table Americas – Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global investments in renewable energy 2000-2016 ($ billions)
      • Table Cumulative investments in solar and wind energy 2007-2016 ($ billions)
    • Market challenges
      • Table Heating oil price components in US 2017 (% per gallon)
  • Market trends
    • Solar thermal enhanced oil recovery
    • Development of zero-energy buildings
    • Reduction in CSP system cost
      • Table Indexed LCOE cost of CSP 2010-2020
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Abengoa
      • Table Abengoa overview
      • Table Abengoa – Business segments
      • Table Abengoa – Organizational developments
      • Table Abengoa – Geographic focus
      • Table Abengoa – Segment focus
      • Table Abengoa – Key offerings
    • ACCIONA
      • Table ACCIONA overview
      • Table ACCIONA – Business segments
      • Table ACCIONA – Organizational developments
      • Table ACCIONA – Geographic focus
      • Table ACCIONA – Segment focus
      • Table ACCIONA – Key offerings
    • Bosch Thermotechnology
      • Table Bosch Thermotechnology overview
      • Table Bosch Thermotechnology – Business segments
      • Table Bosch Thermotechnology – Organizational developments
      • Table Bosch Thermotechnology – Key offerings
    • GREENoneTEC
      • Table GREENoneTEC overview
      • Table GREENoneTEC – Business segments
      • Table GREENoneTEC – Organizational developments
      • Table GREENoneTEC – Key offerings
    • Viessmann
      • Table Viessmann overview
      • Table Viessmann – Business segments
      • Table Viessmann – Organizational developments
      • Table Viessmann – Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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