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[Market Report] Global Solar Thermal Market

The global solar thermal market is projected to reach 35.2 billion USD by 2031.

The global solar thermal market, an essential element of the renewable energy revolution, demonstrated remarkable growth with sales of approximately $22.5 billion in 2022. As the world continues to transition to cleaner energy sources, the market is expected to reach $35.2 billion by 2031. This growth trajectory is supported by a robust compound annual growth rate (CAGR) of 5.1% during the forecast period from 2023 to 2031. Solar thermal energy is regarded as one of the most sustainable forms of renewable energy and is widely adopted as countries and industries seek to reduce carbon dioxide emissions and mitigate the impacts of climate change. For application methods, please check the [PDF download] button or apply directly through the related links.