The analysts forecast the global solar thermal market to grow at a CAGR of 4.78% during the period 2018-2022.
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.
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.
One trend in the market is solar thermal enhanced oil recovery. Solar thermal enhanced oil recovery (EOR) is a technique applied to increase the production from maturing oil reservoirs using CSP technology. With the maturing oil fields, the production decreases substantially.
One driver in the market is the rise in investments in renewable energy. The total cost of electricity generated from renewable energy sources is more than that from conventional sources. However, the technology used to generate electricity from renewable energy sources is growing rapidly.
The report states that one challenge in the market is technical challenges associated with solar thermal technology. Grid operators face certain technical challenges associated with the power generated through solar thermal technology. At the national level, it is necessary to identify the pathways to integrate power generation into existing energy systems owing to the intermittent nature of renewable sources of energy.
- Bosch Thermotechnology
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Market Segmentation By Application
8: Customer Landscape
9: Regional Landscape
10: Decision Framework
11: Drivers And Challenges
12: Market Trends
13: Vendor Landscape
14: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/qzb7zr/global_solar?w=4