Market Research Report
Solar Thermal Collectors Market Analysis By Product [Concentrating, Non-Concentrating (Flat Plate, Evacuated Tube, Unglazed Water Collector, Air Collector)], By Application, By Region, And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||572925|
|Published||Content info||79 Pages
Delivery time: 2-3 business days
|Solar Thermal Collectors Market Analysis By Product [Concentrating, Non-Concentrating (Flat Plate, Evacuated Tube, Unglazed Water Collector, Air Collector)], By Application, By Region, And Segment Forecasts, 2014 - 2025|
|Published: September 25, 2017||Content info: 79 Pages||
The global solar thermal collector market is expected to reach USD 41.96 billion by 2025, according to a new report by Grand View Research, Inc. Solar thermal collector market is growing worldwide on account of increasing need for renewable energy.
Limited fossil fuel resources coupled with environmental problems associated with them have facilitated the use of new sustainable energy supply options that use renewable energy. The low price of installation as well as reduced electricity cost has led to high demand for non-concentrating collectors across Asia Pacific, thereby providing new avenues for growth of the market.
Utilization of the product in the residential application including water heating and space heating results in energy and cost saving for the consumers. Initiatives taken by the government to protect the depleting natural resources coupled with increasing preference of consumers towards low cost energy options is anticipated to provide positive scope for product demand over the forecast period.