Global Solar Thermal Market 2018-2022 | Heat Generation Segment Dominates the Global Market | Technavio
LONDON--(BUSINESS WIRE)--Sep 28, 2018--According to the market research report released by Technavio, the global solar thermal market is expected to accelerate at a CAGR of nearly 5% during the forecast period. The rise in investments in renewable energy is one of the key factors triggering the growth of the market.
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According to the market research report released by Technavio, the global solar thermal market is expected to accelerate at a CAGR of nearly 5% until 2022. (Graphic: Business Wire)
This research report titled ’ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
The market research analysis categorizes the global solar thermal market into the following applications:Heat generation Power generation
In 2017, the heat generation segment accounted for 99% of the global market and is projected to decline to 98% by 2022, exhibiting almost 1% decrease in market share.
Global solar thermal market: Key emerging trend
Solar thermal enhanced oil recovery is an emerging trend in the solar thermal market space. Solar thermal enhanced oil recovery is a technique applied to increase the production from maturing oil reservoirs using CSP technology. With the maturing oil fields, the production decreases substantially. Therefore, it has become crucial to use different oil recovery methods to ensure adequate production from oil reservoirs. Thermal EOR technique involves the burning of natural gas to reduce the viscosity of heavy oil, thus aiding in vaporizing reservoir water to steam. The process increases the amount of oil that can ultimately be recovered along with the enhanced rate of production. The three most common steam injection methods used are continuous stem injection, steam-assisted gravity drainage, and cyclic steam stimulation.
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
Executive ReportMarket Outline Global Solar Thermal Market Overview
Market InsightsMarket Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends
Market Segmentation AnalysisRegional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by application (heat generation and power generation)
Vendor LandscapeVendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Abengoa, ACCIONA, Bosch Thermotechnology, GREENoneTEC, Viessmann)
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SOURCE: Technavio Research
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PUB: 09/28/2018 06:39 AM/DISC: 09/28/2018 06:38 AM