Global Market For Solar Thermal Pegged To Grow 250% In 5 Years
The global market for residential and commercial solar-thermal technologies is
worth an estimated $8 billion in 2009 but is expected to increase to nearly $20
billion in 2014, according to a new technical market research report from
Wellesley, Mass.-based BCC Research. The report, titled "Global Markets For
Residential And Commercial Solar Thermal Technologies (EGY069A)," states that
the largest segment of the market, water heating, is estimated to be worth $7.9
billion in 2009. It is projected to reach $19.6 billion in 2014, a compound
annual growth rate of 19.9%.
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