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:
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