Solar Thermal Collectors Market

  Market Insights Market Research Future has published its report on the global  solar thermal collector market analysis  which projects and records several vital factors and figures relevant to the market. MRFR's expert analysis of the market has calculated growth at a healthy CAGR of 7.8% during the assessment period from 2018 to 2023. This projection is expected to lead the market toward revenue of USD 41,960 Mn by the end of 2023. Increasing environmental consciousness combined with a desire to move away from heavy reliance on increasingly expensive and rapidly depleting fossil fuel reserves have given rise to the demand for renewable energy. Since solar thermal collectors, as the name suggests, rely on solar power, the demand for the same has increased drastically. In residential, industrial and commercial applications, water heating, and air heating often have a high impact on energy consumption. The growing demand and need for energy efficiency propel the demand for solar th