Solar Thermal Market In Europe Analysis 2018

THE REPORT RECOGNIZES THE FOLLOWING COMPANIES AS THE KEY PLAYERS IN THE SOLAR THERMAL MARKET IN EUROPE: ABENGOA SOLAR, AREVA SOLAR, BRIGHTSOURCE ENERGY AND TORRESOL ENERGY. Solar thermal energy utilizes solar energy to produce low-cost, eco-friendly thermal energy. The energy can be used to boil water or other fluids, and also power solar cooling systems. Solar thermal technology differs from solar PV, which generates electricity rather than heat. Solar thermal energy generation system captures solar rays through optical concentration. Optical concentration is the arrangement of mirrors or lenses in such a way that it generates high temperature by concentrating sunlight to a small area. This high temperature is used to turn water into steam that is used to rotate turbines which generate electricity. Analysts forecast the SOLAR THERMAL MARKET IN EUROPE to grow at a CAGR of 18.2 percent over the period 2013-2018. The report recognizes the following companies as the key players in the Solar Thermal Market in Europe: Abengoa Solar, Areva Solar, BrightSource Energy and Torresol Energy. Other Prominent Vendors in the market are: Aora Solar, Novatech Solar, Rackam, SENER and Skyfuel. Power consumption has grown exponentially in the region. Increased population growth and electricity use in different sectors have triggered an increase in power demand. COVERED IN THIS REPORT The report covers the segmentation of the Solar Thermal market in Europe in two segments; Technology and Geography. The Technology segment consists of Parabolic and Frensel Trough, Central Receiver, Dish-engine System, and Solar Updraft Tower. The Geographical segments include Germany, Greece, and Austria. Solar Thermal Market in Europe 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers detailed study of the technological segmentation based on demand for solar thermal energy; it also covers the Solar Thermal market in Europe landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. According to the report, changing patterns of power generation has helped the market gain significant traction in Europe. Some of the European countries are changing their power generation patterns. Countries such as Germany, Switzerland, Spain, and Belgium are phasing out their nuclear power plants because of safety-related issues and concerns following the Fukushima plant disaster in Japan. Further, the report states that seasonal fluctuations in the availability of sunlight have prevented the market from achieving sustained growth. The Solar Thermal market depends on the availability of sunlight, the intensity of which is prone to seasonal fluctuations and variations in intensity. The post Solar Thermal Market in Europe Analysis 2018 appeared first on World Of Solar Thermal.