Energy & Green Renewable Technology Market News

Europe's solar thermal market will reach 3.43% CAGR by 2022 according to new research report

Energy Market Research

Solar Thermal Market in Europe 2018-2022 report states that one challenge in the market is the intermittency of solar resource.

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

The analysts forecast solar thermal market in Europe to grow at a CAGR of 3.43% during the period 2018-2022. The market is divided into the following segments based on technonlogy: - Low and medium temperature and High temperature.

Report .

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.

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The report, Solar Thermal Market in Europe 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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


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