Global SHIP Market Reaches Five-Year High Despite National Fluctuations

Industry News – March 17, 2025

"The global solar industrial heat (SHIP) market maintained its dynamic development in 2024. The project developers reported 106 new systems with a total capacity of 120 MW for the year. A further 125 MW were under construction by the end of 2024. This is an enormous capacity increase compared to the new SHIP capacity of 94 MW in 2023. The results last year were significantly influenced by three countries. China installed by far the largest SHIP capacity (84.6 MW).

This came about through the commissioning of the 80 MW parabolic trough field in Handan, one of the uses for which is snow production for a tourism resort (see photo). The Netherlands and Mexico led the world market in 2024 with 24 and 22 new systems respectively. The survey was carried out by the German agency solrico in January and February 2025 and supported by Natural Resources Canada."

Read the full article at solarthermalworld.org

Further Content
Industry News
Thermal Solar Gains Ground across Mexico, Latin America

August 5, 2025 | Article from Mexico Business News

"What are the main advantages and applications of solar water heating in Mexico today? A: Solar water heating is a technology that has existed for many years. In fact, Módulo Solar is a company that has been in the market for over four decades. This technology has the important characteristic of being a clean and renewable way to produce heat, which may sound very general, but there are many applications where you need to heat a fluid. It is about being able to generate hot water, generate steam, or even produce goods in industry. Many industrial processes require hot water."

Industry News
Mexico Sets Regional Benchmark With New Battery Storage Rules

October 31, 2025 | Article from pv magazine

"Mexico’s new regulation mandating battery systems for solar and wind projects positions it as a model for energy storage integration in Latin America, according to a new report."

Industry News
Mexico Advances Clean Energy Strategy

March 31, 2026 | Mexicobusiness.News.

"Mexico is accelerating its transition toward clean energy through a combination of state-level agreements, international cooperation, and private-sector investments, reinforcing its position as a strategic hub for sustainable industrial development in North America."

Industry News
Industrial Decarbonization an Urgent Challenge

April 1, 2026 | Mexicobusiness.News.

"In the shadow of escalating global geopolitical tensions, particularly the ongoing war involving Iran that erupted in late February 2026, the fragility of our dependence on fossil fuels has never been more apparent."

Intersolar Mexico
About Intersolar Mexico | Impressions

September 1–3, 2026

Intersolar Mexico serves as the industry’s go-to source for invaluable technology trends and premier B2B contacts in the promising Mexican solar market.

You are using an outdated browser

The website cannot be viewed in this browser. Please open the website in an up-to-date browser such as Edge, Chrome, Firefox, or Safari.