$20bn, Global thermal residential water heating market in 2014

GLOBAL MARKETS FOR RESIDENTIAL AND COMMERCIAL SOLAR THERMAL TECHNOLOGIES from BCC Research, 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, for a five-year CAGR of 19.8 percent.

The largest segment of the market, water heating, is estimated to be worth $7.9 billion in 2009, and is projected to grow at a CAGR of 19.9 percent to reach $19.6 billion in 2014.

The smaller segment, air heating, is expected to reach nearly $92 million in 2014

The following residential and commercial solar-thermal technologies are included in the scope of this report: unglazed solar collectors, flat-plate solar collectors, evacuated-tube solar collectors, integral collector storage, concentrating solar collectors, glazed solar air collectors, and transpired solar air collectors.

source: http://www.solarfeeds.com