New Solar Thermal Market In Europe Research during 2021-2025 | COVID-19 Industry Planning Structure | Technavio
21 Enero 2021 - 8:07PM
Business Wire
The new solar thermal market in Europe research from Technavio
indicates growth in the short term as the business impact of
COVID-19 spreads.
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the full release here:
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Technavio has announced its latest market
research report titled Solar Thermal Market in Europe 2021-2025
(Graphic: Business Wire)
Get detailed insights on the COVID-19 pandemic
crisis and recovery analysis of the solar thermal market in
Europe.
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"One of the primary growth drivers for this market is the
increasing demand for CSP,” says a senior analyst for the utilities
industry at Technavio. As the markets recover, Technavio expects
the solar thermal market in Europe size to grow by 0.54
Terawatt-hour during the period 2021-2025.
Solar Thermal Market in Europe Segment Highlights for 2020
- The solar thermal market in Europe is expected to post a
year-over-year growth rate of 1.3%.
- Based on the technology, the low and medium temperature segment
saw maximum growth in 2020. The low and medium temperature segment
primarily includes the small- and medium-scale solar water heating
systems for residential and commercial buildings. The segment is
facing severe competition from the PV systems and the heat
pumps.
- The growth of the market segment will be significant during the
forecast period.
Regional Analysis
- 91% of the growth will originate from the Spain region.
- The decrease in the prices of CSP with thermal energy storage
will facilitate the solar thermal market growth in Spain over the
forecast period.
- The market growth in Spain will be slower than the growth of
the market in the rest of Europe.
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Notes:
- The solar thermal market in Europe size is expected to
accelerate at a CAGR of 2% during the forecast period.
- The solar thermal market in Europe is segmented by technology
(Low and medium temperature and High temperature) and geography
(Spain and Rest of Europe).
- The market is fragmented due to the presence of many
established vendors holding significant market share.
- The research report offers information on several market
vendors, including Aalborg CSP AS, Abengoa SA, Acciona SA, Bosch
Thermotechnik GmbH, BrightSource Energy Inc., Cosmosolar, DEL PASO
SOLAR SL, GREENoneTEC Solarindustrie GmbH, SENER group, and
Vaillant GmbH.
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version on businesswire.com: https://www.businesswire.com/news/home/20210121006011/en/
Technavio Research Jesse Maida Media & Marketing Executive
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