Global SHIP Market Reaches Five-Year High Despite National Fluctuations

Industry News – March 17, 2025

©kampolz / Shutterstock

"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

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