Bright Future Anticipated for Global Solar Mirrors
A rising emphasis on solar thermal installations across the globe is helping to drive expanding demand for solar mirrors.
The global solar mirror market stood at $827 million in 2017 and is projected to grow at a CAGR of 12.5% to reach $1.6 billion by 2023, according to a report by TechSci Research. A rising emphasis on solar thermal installations across the globe is helping to drive expanding demand. In addition, increasing demand for electricity would also aid the global solar mirror market, as solar mirrors are used extensively for power generation.
The use of solar mirrors for mass cooking, agriculture and enhanced oil recovery represent other application areas that would ensure the global growth of the solar mirror market during the forecast period. In addition, emerging technologies such as self-orienting solar mirrors and aluminum-based reflecting material in solar mirrors are expected to further boost the demand for solar mirrors in the coming years.
Additional details are available at www.techsciresearch.com.