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Latest News / Radiant/Hydronics / HVAC

Global Market For Solar Thermal To Reach $20 Billion In 2014

December 10, 2009
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The global market for residential and commercial solar-thermal technologies is worth an estimated $8 billion in 2009 but is expected to increase to nearly $20 billion in 2014, according to a new technical market research report from Wellesley, Mass.-based BCC Research.

The report, titled “Global Markets For Residential And Commercial Solar Thermal Technologies (EGY069A)” states that the largest segment of the market, water heating, is estimated to be worth $7.9 billion in 2009. It is projected to reach $19.6 billion in 2014, a compound annual growth rate of 19.9 percent.

The smaller segment, air heating, is expected to reach nearly $92 million in 2014, after increasing at a 7.9 percent growth rate from $62.5 million in 2009.

The following residential and commercial solar-thermal technologies are included in the scope of this report: unglazed solar collectors, flat-plate solar collectors, evacuated-tube solar collectors, integral collector storage, concentrating solar collectors, glazed solar air collectors, and transpired solar air collectors.

For more report details, contact BCC Research at www.bccresearch.com, 866/285-7215, editor@bccresearch.com.

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