Market Insights
Market Research Future has published its report on the global solar thermal collector market 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 thermal collectors. Energy efficiency has become vital due to rapid and ongoing industrialization and urbanization, thus driving the demand for solar thermal collectors, particularly in industrial applications in an effort to reduce overhead costs.
Solar thermal collectors have a high initial cost of investment which deters rapid adoption and hampers market growth. However, increasing focus and government support for the development of renewable energy technology is expected to lead to advancements in solar thermal technology which in turn, will provide the market with opportunities in the foreseeable future.
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Key Players
Noted market players of importance in MRFR’s global solar thermal collectors market report include Absolicon Solar Collector AB, Solimpeks, TVP Solar, Sunerg Solar s.r.l., Alternate Energy Technologies, LLC., Ouraset, GREENONETEC SOLARINDUSTRIE GMBH, SunEarth, HTP Comfort Solutions LLC., and Heliodyne, Inc.
Market Segmentation
MRFR has analyzed the market in its various parts to provide a complete picture. As such, the global solar thermal collectors market is segmented on the basis of product type, application, and region. Product types available in the solar thermal collector market are broadly segmented into concentrating, and non-concentrating. The concentrating segment is divided further to include compound parabolic concentrator, parabolic dish, parabolic trough, and solar tower. Meanwhile, the non-concentrating segment is segmented further into flat plate and evacuated tube. The non-concentrating segment accounts for both a dominant market share and fastest growth between the two main segments.
Applications of solar thermal collectors are segmented to include residential, industrial, and commercial. The industrial application segment which is growing at the most rapid pace, also has the highest share of the market, thus acquiring a leadership role in the global market.
Regional Analysis
MRFR's analysis of the various prominent regions that make up the global solar thermal collectors market includes North America, Europe, Asia-Pacific, and the Rest of the World. Among these regions, the Asia Pacific has been observed to be the biggest contributor to growth for the global market. The APAC solar thermal collector regional market possesses a dominant share of the global market and is expected to retain its leadership position as it grows at the highest CAGR over the review period. The region is significant in the global solar thermal collectors market due to the rapid ongoing industrialization and urbanization in the region. Countries such as India, China, and several others in the region are emerging markets which have established themselves as manufacturing hubs. Moreover, the region has a large population with high energy demands for which solar energy is considered a sustainable solution as the region naturally receives high amounts of sunlight for a majority of the year.
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About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
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Market Insights 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 thermal collectors.
Energy efficiency has become vital due to rapid and ongoing industrialization and urbanization, thus driving the demand for solar thermal collectors, particularly in industrial applications in an effort to reduce overhead costs.Market Research Future has published its report on the global solar thermal collector market which projects and records several vital factors and figures relevant to the market.
However, increasing focus and government support for the development of renewable energy technology is expected to lead to advancements in solar thermal technology which in turn, will provide the market with opportunities in the foreseeable future.
Market Research Future’s report on the global automotive battery thermal management system market emphasizes on drivers and challenges to be faced by automakers for the period of 2017 to 2023 (forecast period).
The COVID-19 pandemic and its implications on the industry are explored in the report.Get Free Sample Report in PDF Format @ https://www.marketresearchfuture.com/sample_request/5728Market ScopeThe automotive battery thermal management system market is estimated to grow at approximately 16% CAGR during the forecast period.
The quiet and reliable nature of thermoelectric coolers can convert heat into electricity with ease ensuring the smooth functioning of EVs.
Air system and liquid system segments are projected to lead in the market till the end of the forecast period.By propulsion, it is segmented into PHEV, BEV, HEV, and FCV.
This is attributed to maximum subsidies offered for these vehicles and increasing number of BEVs offered by automotive manufacturers.
Dip in battery prices and decreased battery charging times can boost the segment demand in the global automotive BTMS market.Regional AnalysisThe market is segmented based on America, Asia Pacific, Europe, and Rest of the World.
Market Overview Global Lawn and Garden Equipment Market in terms of volume is estimated to reach USD 47 Million units by 2026, registering a 13.04% CAGR during the forecast period.
The report covers segmentation and market dynamics for a better glimpse of the market in the coming years.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/10230 Regional Analysis Based on region, the report on the global lawn and garden equipment market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
High competition, rapid advances in technology, frequent changes in government policies, and stringent environmental regulations are some of the critical factors that could restrain the market growth.
Vendors must provide cost-effective and efficient products to survive and succeed in a competitive market environment.
Thus, the vendors should focus on expanding their presence and improving their services.
Market Highlights:According to MRFR, the Global Security Operation Center Market is slated to register a CAGR of 10.31% over the review period (2019–2025).An important factor boosting the SOC market is the increasing sophistication of cyberattacks.
Nonetheless, a factor that hinders its growth is the lack of reliability of third-party vendors.
Security operations centers are imperative to effectively detect cyber threats and identify existing vulnerabilities within the system.
Meanwhile, corporate initiatives like bring-your-own-device (BYOD) and bring-your-own-access (BYOA) to improve employee satisfaction and efficiency, often raise cyberattack risks.
The growing need for banking , financial services, and insurance (BFSI), IT and telecommunications, healthcare , manufacturing, and other vertical vital data security provides lucrative opportunities for key players on the global SOC market.
Competitive Dynamics:The Key Players include Secureworks Inc. (US), Capgemini SE (CAPMF), Cisco Systems Inc. (US), Symantec Corporation (US), Raytheon Company (US), Dark Matters Inc. (UAE), Netmagic Solutions (India), Digital Guardian (US), AT (US), Rapid7 (US), Alertlogic (US), F5 Networks Inc. (US), Fortinet Inc. (US), and Netdatavault (India).
Market Overview: The global RFID printer market is highly competitive.
Various established international brands, domestic brands and as well as new entrants form a competitive landscape.
The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.
The RFID Printer Market is highly competitive due to the presence of several large vendors.
The vendors or the manufacturers are continuously coming up with new ideas and technologies to gain competitive advantage over their competitors.The global RFID Printer market is expected to reach approximately USD 4.82 billion by the end of 2023 with 4.90% CAGR during forecast period 2017-2023.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/4538Key PlayersThe key players in the global RFID Printer market include- Zebra Technologies Corporation, SATO Holdings Corporation, Honeywell International Inc., Toshiba Tec Corp., Avery Dennison Corporation, Seiko Epson Corporation, TSC Auto ID Technology Co., Ltd, Wasp Barcode Technologies, Dascom, Postek Electronics Co., Ltd. and Godex International Co. Ltd. among others.RFID Printer Market – SegmentationFor the purpose of this study, Market Research Future has segmented the market of RFID Printer into product type, technology, end-users and region.By Printer TypeIndustrial PrintersDesktop PrintersMobile PrintersBy Printing TechnologyThermal TransferDirect ThermalInkjetBy ApplicationManufacturingRetailTransportation and LogisticsHealthcareGovernmentEntertainmentOthersBy RegionNorth AmericaEuropeAsia-PacificRest Of The WorldGlobal RFID Printer Market – Regional AnalysisThe global RFID printer market is expected to grow significantly over the forecast period, 2017-2023.
Technological advancement in consumer electronics such as TV, microwave, smartphones, fitness trackers are expected to expected to grow the market in past few years.The global RFID printer market segmented into four main regions such as North America, Asia-Pacific, Europe and Rest of the World.
Commonwealth Games are one of the Upcoming Sports Events worldwide and it has offered India several opportunities in showing its hospitality as well as other facets of the country in the 21st century.
All stages of government and administration are supportive of making the event a grand success starting from the parliament to much smaller bodies where the authorities concerned keep on assisting in building up this mega event.
It is actually a multi-sport international event that takes place once in four years where lakhs of athletes compete from the league of the commonwealth of nations.
Tourist attraction in the commonwealth games: Commonwealth Games conducted in Delhi have attracted several tourists and it fascinates them whenever they plan to tour India or Delhi.
New Delhi which is the capital of India presents a great contrast between advanced technology and historically rich places where the Commonwealth Games takes place effectively.
Challenges in the commonwealth games: Commonwealth games present a challenge for the architects and engineers where they have to ensure that everything goes as planned and without any troubles.
