Demand for solar thermal energy equipment will continue to increase steadily over the next five years, though competition from solar PV manufacturers will limit substantial growth. Nevertheless, continued government incentives and innovation from industry manufacturers will bolster revenue during the period, boosting overall demand.
This industry manufactures solar thermal energy (STE) equipment. STE is a technology for harnessing solar energy by capturing concentrated sunlight on a particular surface. The surface takes captured energy and creates steam to power turbines and produce electricity. The USA Energy Information Administration classifies solar thermal collectors as low-, medium- or high-temperature. Industry products are different from photovoltaics, which convert solar energy directly into electricity.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.