Solar Thermal Market Comprehensive Insight by Growth Rate, Industry Status,Industry Trends, Market Size, Competitive Analysis and Forecast – 2022 to 2028

Solar Thermal Market was valued at USD 25.8 billion in 2021 and is expected to grow at a CAGR of 8% between 2022 and 2028. Solar space heating uses solar energy to heat the space inside the building. Heating with solar energy can lower heating costs and reduce dependence on fossil fuels such as oil, propane and natural gas. In 2019, space heating applications accounted for more than 50% of global solar installations. This trend is expected to continue during the forecast period.

Top Major Key Players Industries

Siemens AG,
SolarReserve,
Sunrain,
Photon Energy Systems Ltd,
BTE Solar Co. Ltd,
Sener,
SCHOTT,
ACCIONA,
Greenonetec Solarindustrie GmbH,
LINUO RITTER INTERNATIONAL CO. LTD.

By Collector Type

Glazed Collector
Unglazed Collector

By Application

Space Heating Systems
Domestic Hot Water Systems
Others

Scope of the Report

The research study analyzes the global Solar Thermal industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size andor Volume
o Latin America Market Size andor Volume
o Europe Market Size andor Volume
o Asia-Pacific Market Size andor Volume
o Rest of the world Market Size andor Volume

Key Questions Answered by Solar Thermal Market Report

What was the Solar Thermal Market size in 2018 and 2022; what are the estimated growth trends and market forecast (2022-2028).
What will be the CAGR of Solar Thermal Market during the forecast period (2022-2028)
Which segments (product type or applications or end-user) were most attractive for investments in 2018 How these segments are expected to grow during the forecast period (2022-2028).
Which manufacturer vendor or players in the Solar Thermal Market was the market leader in 2022
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market ?