Global SHIP market reaches five-year high

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.

 Solrico has been conducting annual surveys among SHIP project developers since 2017. The long-term balance sheet shows that Mexico, the Netherlands, China and Germany are the top markets in terms of total number of SHIP systems in operation.

You find the results of the most current SHIP survey in several articles on solarthermalworld.org:

Global SHIP market reaches five-year high despite national fluctuations

Key factors behind SHIP project developers’ business satisfaction

The evolving SHIP supply industry: Key players and new entrants