A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Solar
Cooling
Market. The
study, titled “Solar
Cooling Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Solar
cooling is also known as air-conditioning that utilizes solar power.
This can be done through solar thermal energy conversion,
photovoltaic conversion, and passive solar building design. Solar
cooling provides zero-energy and energy-plus design of buildings.
Lighting and air-conditioning accounts for more than 50% of the
overall electricity consumption in the industrial sector. Thus,
industry needs new solutions to reduce the electricity demand of
conventional A/C systems. This would drive the solar cooling market
during the forecast period. Increasing demand for refrigeration and
air-conditioning has led to increase in electricity demand across the
globe. This would also drive the solar cooling market in the near
future, as solar thermal cooling can reduce the conventional electric
A/C loads. Key challenge before the market is to reduce system costs.
Browse
Market Research Report @
Based
on end-use, the solar cooling market has been segmented into
commercial, residential, and industrial. Air-conditioning is a
constantly growing industry and is likely to expand during the
forecast period. Renewable energy is now a lucrative industry and it
is projected to expand tremendously across the globe in the near
future. Renewable energy includes solar cooling application and solar
thermal energy application which are growing tremendously. The
increasing demand for renewable energy is estimated to boost the
solar cooling market during the forecast period.
Based
on solar cooling system, the solar cooling market has been divided
into desiccant systems and absorption systems. In a desiccant system,
air passes through a drying material such as silica gel, which
absorbs moisture from the air and makes the air more comfortable. The
desiccant is regenerated by using solar heat. Absorption chiller
systems, the most common solar cooling systems, use solar water
heating collectors and a thermal–chemical absorption process to
attain air-conditioning without using the electricity.
Geographically,
the global solar cooling market has been segmented into North
America, Latin America, Europe, Asia Pacific, and Middle East &
Africa. Asia Pacific is one of the key consumers of solar cooling
systems. Developing economies such as China witness significant
growth in the industrialization. Moreover, changing lifestyles also
play a role in propelling the solar air-conditioning market. Asia
Pacific is estimated to be a rapidly expanding market for solar
cooling in the next few years, due to growing economy of the region
and presence of developing countries such as China and India in Asia
Pacific.
Stringent
government regulations and incentives have been fueling the solar
cooling market in Italy for the last few years. The high budget
available for a national incentive scheme called Conto Termico 2.0
has made several manufacturers and service providers positive about
the solar cooling market in Italy. The market in the country is
likely to expand during the forecast period. China holds a major
share of the solar cooling market across the globe. In 2016, two
large solar thermal cooling systems were installed in China. One of
them was a 23-kW Yazaki absorption system and the other one was a
newly developed, 50-kW, variable-effect absorption chiller driven by
a Fresnel collector. Jordan (MEA) is witnessing rapid increase in
demand for solar cooling, as the German Agency for International
Cooperation is expected to initiate a solar cooling project in
industrial and commercial sectors in Jordan.
The
solar cooling includes both solar PV solutions and solar thermal
market in near future across globe. However, PV cooling technologies
are more economical than grid-driven electric chillers at cooling
loads of 100 KWc. On the other hand, solar thermal cooling should be
used for 1 MWc cooling. Europe is the second-largest market for solar
cooling across the globe, as Germany is one of the key markets for
solar cooling or solar air conditioning.
Get
accurate market forecast and analysis on the Solar Cooling market.
Request a sample to stay abreast on the key trends impacting this
market@
Key
players operating in the global solar cooling market include
SolXenergy, LLC, Honeywell International Inc., SorTech AG, SM Solar
Pvt. Ltd., and Arka Technologies.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Us
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