A comprehensive overview of the global solar thermal market is recently added by UnivDatos Market Insights to its humongous database. The global Solar Thermal Market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the global solar thermal market. The global solar thermal market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the global solar thermal market at the country levels.
Market Overview
The global solar thermal market is expected to witness a boost on account of the rising demand for clean energy as there are rising incidences of deaths due to pollution caused primarily due to fossil fuel combustion. For instance, according to the World Health Organization, every year nearly 7 million people die because of air pollution. Also, 91% of the population across the world live in places where air quality exceeds limits set by WHO which may cause major health hazards to the people of the world.
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Furthermore, the Global Solar Thermal market is boosting on account of rapid technological advancements in solar energy and increasing deployment of solar thermal systems to meet the customer needs in the residential, public, commercial, and industrial sectors. There has been a significant increase in the growth rates among several largest solar thermal markets across the world which shows that solar thermal systems are cost-competitive in various applications. For instance, in 2019, the market in Denmark grew by 170% whereas the market in South Africa and India grew by only 20% and 2%, respectively.
COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The pandemic brought the world to a standstill as lockdown restrictions have resulted in disruption of supply chains, delays in projects, and shortage of labor. All industries have suffered some form of loss due to the pandemic and the solar sector has not been left untouched by this unprecedented crisis of modern times. This industry has its share of challenges due to the COVID-19 pandemic such as manpower shortage, lack of parts or equipment supply owing to the interrupted supply chain. Currently, the solar industry imports almost 80% of its major solar value chain supplies from China. These supplies have been drastically affected due to the pandemic as many manufacturing capacities of China and other major ship container companies had also stopped functioning out of Chinese ports and transporting goods from China to other countries, including India.
Global solar thermal market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Collector type, the market is primarily segmented into
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- Air Collector
The evacuated tube collector segment generated revenue of US$ X billion in 2020 and is expected to grow at a CAGR of X% during the forecast period. However, the flat plate collector segment is expected to grow with the highest CAGR of X% between 2021-2027
By Application, the market is primarily segmented into
- Space Heating System
- Domestic Hot Water Systems
- Solar Combi Systems
- Others
Amongst applications, the space heating system segment of the global solar thermal market was valued at US$ X billion in 2020 and is likely to reach US$ X billion by 2027 growing at a CAGR of X% from 2021-2027.
Global Solar Thermal Market Geographical Segmentation Includes:
- North America
- Europe
- Asia-Pacific
- Rest of the World
Based on the estimation, Asia-Pacific dominated the solar thermal market with almost X% revenue share in 2020 owing to the wide adoption of renewable energy sources as rising air pollution in the country is causing serious to human lives and economy. For instance, as per the clean air counter tracker, since January 2020, air pollution has caused nearly 49,000 deaths and USD 23 billion in economic losses in the cities of Beijing and Shanghai.
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The major players targeting the market includes
- Siemens AG
- SolarReserve
- Sunrain
- Photon Energy Systems Ltd
- BTE Solar Co. Ltd
- Greenonetec Solarindustrie GmbH
- LINUO RITTER INTERNATIONAL CO. LTD
- Acciona
- Sener
- SCHOTT
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global solar thermal market. The leading players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
- What are the latest trends, new patterns, and technological advancements in the global solar thermal market?
- Which factors are influencing the global solar thermal market over the forecast period?
- What are the global challenges, threats, and risks in the solar thermal market?
- Which factors are propelling and restraining the global solar thermal market?
- What are the demanding global regions of the solar thermal market?
- What will be the market size in the upcoming years?
- What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
Final Report will add the analysis of the impact of COVID-19 on this industry.”
In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.
The report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.
An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.
The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.
A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:
What is the aim of the report?
- The market report presents the estimated market size of solar thermal market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
- Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Players
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
- the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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