London, 09 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Solar Thermal Market in Europe 2014-2018.
Solar thermal energy uses the sun’s energy to produce low-cost, eco-friendly thermal energy. Solar thermal energy generation systems capture solar rays through an optical concentration—an arrangement of mirrors or lenses, which concentrates sunlight onto a small area, thereby generating high temperatures. The Solar Thermal Market in Europe is expected to grow at a CAGR of 18.2 percent during the forecast period.
About the Report
The latest report by TechNavio focuses on changing patterns of power generation that has helped the market gain significant traction in Europe. 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. Furthermore, the report highlights the growth in population and increased urbanization that has triggered increased power consumption across the continent.
“Increased power consumption has led to a huge demand-supply gap, which has resulted in power outages in many countries. These power outages could be attributed to the huge transmission and distribution losses. Solar thermal power plants can contribute towards meeting this increased power demand,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Changing Pattern of Power Generation.
- For a full detailed list, view our report.
Market Challenges:
- Seasonal Fluctuations in Availability of Sunlight.
- For a full detailed list, view our report.
Market Trends:
- Growth in Power Demand.
- For a full detailed list, view our report.
Key Vendors:
- Abengoa Solar
- Areva Solar
- BrightSource Energy
- Torresol Energy
Other Prominent Vendors:
- Aora Solar
- Novatech Solar
- Rackam
- SENER
https://www.technavio.com/%3Cp%3E%C2%A0%3C/p%3E%3Cp%3E%3Ca%20href%3D%22ht…
