In 2009, the solar thermal market had a significantly lower growth compared to the evolution of sales seen over the previous years. Due to the financial crisis, and the subsequent collapse in the housing market and the economy, the solar thermal market has declined by 8% during 2009, in spite of the important backing given by the government for renewables.
However some recovery is expected for 2010, as the US economy improves, and consistent high growth rates are expected for the next few years (from 2011 onwards).
The glazed solar thermal water heaters account for around 10% of the total US solar thermal market. Low temperature unglazed collectors for swimming pool water heating account for about 88% of the market.
The Mexican solar thermal market is growing at a strong rate. Traditionally it was a flat plate collector market, but for the last few years there has been a substantial increase in the number of small companies directly importing vacuum tubes systems from China. These thermosiphon systems are sometimes sold for less than US$ 400 and usually consist of a 2 square metre collector combined with a smaller than average water tank (90 - 130 litres). Moreover volume wise flat plate and vacuum tubes have a similar market share; value wise flat plate collectors have a larger share.
BSRIA's study provides a powerful and unbiased assessment tool of the future potential for major renewable heating technologies in Europe, North America and the Asia Pacific region. The research is done presented individual country sections on all major markets, including product segmentation, an application, distribution, and analysis of market drivers and barriers in each country as well as forecasts with scenarios and forecast assumptions.
Note to editors:
BSRIA's world renewables study was published in March 2010 (10 core countries) with a further 8 (non-core countries) releasing in July. They cover a total of 18 countries for electric Heat Pumps and 18 markets for Solar Thermal. Each report contains information on market size and segmentation, market trends, a strategic analysis, sales by application and distribution channel. Also, there is an overview report available which comes in an excel format which provides a useful tool to filter and sort data according to their needs and interests.
The reports are largely based on in-depth interviews with key manufacturers, distributors, utilities, and other influencers in the market.
For further information on content and analysis, please contact Tim Page at BSRIA (firstname.lastname@example.org)