During the projection period, the “Global Solar Chimney Market“ is predicted to increase at a Compound Annual Growth Rate (CAGR) of 9%, from USD 1.2 million in 2018 to USD X.XX million in 2028. People’s increased awareness for environmentally friendly products and services has resulted in a surge in demand for solar chimneys all over the world.
Solar chimneys, also known as thermal chimneys or solar updraft towers, are renewable energy structures that capture hot air from the sun and cause it to rise. Solar Chimneys are ideal for generating wind energy because they consume relatively little land while providing large amounts of electricity.
The market is divided into three groups based on size: small, medium, and large.
Tiny Size Solar Chimneys are solar chimneys with small diameters and heights ranging from a few metres to 100 metres. Hot gases are produced by natural convection in various sorts of Solar chimneys, causing the working fluid to flow higher and spin the turbine, which generates energy. Depending on the number of tubes put within a unit, it can also be employed in heating applications or mixed cooling/heating cycles. These Small Size Solar Chimneys work at lesser temperature differences than the other varieties of Solar Chimneys discussed above, but they do necessitate a larger land area.
The most common type of solar chimney is the medium size solar chimney. They stand between 20 and 50 metres tall and have a diameter of about 12 metres. Because they are larger than small solar chimneys or huge wind turbines, they may create more energy. Solar chimneys of medium size are also less expensive to produce and install than massive solar chimneys. They are, nonetheless, a good choice for many applications due to their reduced cost and higher power output.
Size: Extra Large
Large-scale solar chimneys are a commercial and domestic application of technology with a large-scale industrial application. It is larger than small and medium-sized varieties, making it suited for use by large enterprises such as oil refineries and steel mills that require a huge volume intake of fresh air to meet their ventilation needs.
The market is divided into three categories based on application: commercial, residential, and industrial.
Fields of commerce
Solar chimneys are primarily used in commercial structures. These systems are erected on the roofs of tall buildings to prevent heat loss, reduce reliance on typical HVAC systems, and offer fresh air. The solar chimney is a sort of natural ventilation method that can be employed in a variety of settings, including cold storage and freezing facilities, restaurants, and museums.
Fields of residence
In residential areas, solar chimneys are utilised for the following purposes:
- To provide the building with ventilation and cooling.
- To lessen the amount of air cooling required.
- To increase the quality of indoor air.
- Solar energy is used to generate power.
- To bring water or other liquids to a boil.
Fields of industry
The solar chimney is used in industry for a variety of purposes, including cooling and heating buildings in the summer and winter. It can also be used in agricultural activities, such as food preservation, seed germination, and so on, where temperature control is beneficial. Solar chimneys can also be used as air filters to filter contaminants from the surrounding air, reducing pollution. For converting sunlight into electricity, this technology could be paired with a filtration system and energy harvesting devices such as solar PV cells.
The market is divided into five regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Over the projected period, North America is expected to dominate the market, with the highest CAGR. Over the projected period, Europe is expected to be the second-highest revenue-generating market. The solar chimney market is expected to grow rapidly in Asia Pacific, the Middle East, and Africa between 2018 and 2028, owing to rising demand for environmentally friendly technology and high population density in areas where this technology can meet clean air criteria.
The Solar Chimney Market’s Growth Factors
Global warming and rising demand for environmentally sustainable energy are driving the Solar Chimney Market. Growing market awareness of the benefits of solar chimneys, as well as favourable government legislation, are the Solar Chimney Market’s growth drivers. Furthermore, technological improvements in the solar chimney industry are assisting its growth.
Solar Chimney Market research report, categorised by Types (Small Size, Medium Size, Large Size), Applications (Commercial, Residential, Industrial), and Players/Companies Solar Innovations, Helioakmi, EnviroMission Limited, Specflue, Anusolar” has been published by Zion Market Research.