Concentrated Solar Power Market was appreciated at US$ 3.03 billion during 2016 and is expected to reach US$ 8.92 billion by the completion of 2025. It is expected to witness a CAGR of 12.7% during the forecast period due to the crunch of electricity together with lessening resources of non-conventional energy for the generation of electricity.
Drivers and Restraints:
Stringent rules by the governments to limit the growing carbon impression together with financial paybacks are expected to increase the acceptance of different sources of energy in the concentrated solar power market.
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Market Synopsis of Concentrated Solar Power Market:
The request for thermal energy storage to upsurge the operation time of concentrated solar power is one of the most important factors motivating the development of market. These plants can merely generate power from sunrise to sunset. The technology of Thermal Energy Storage (TES) permits storage of the thermal energy composed during the daytime from these concentrated solar power plants, and it is used to generate power after the sunset. This increases the operative time span of the concentrated solar power plants. These plants are being fitted along with Thermal Energy Storage (TES) technology to upsurge the rating of capability factor. This is likely to deliver the most important improvement with regards to the acceptance of concentrated solar power as a principal basis for the generation of electricity.
But, the technology of concentrated solar power is funds demanding. This may perhaps show to be a limitation to its acceptance, if not reinforced by government organizations and controlling establishments. Growing alertness in industrialized areas of North America and Europe, along with emerging nations of Asia Pacific is expected to increase the development of the business.
Classification:
The global concentrated solar power (CSP) market can be classified by Application, Technology, Capacity, Storage, and Region. By Application, it can be classified as Desalination, Utilities, Superior Oil Regaining, and others. By Technology it can be classified as Power Tower, Linear Fresnel, Dish, and Parabolic Trough. By Capacity, it can be classified as >100 MW, >50 to ≤100 MW, ≤50 MW. By Storage, it can be classified as Without Storage, With Storage.
Regional Lookout:
By Region the global concentrated solar power industry can be classified as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. Europe ruled the global market for concentrated solar power, by way of more than 45% set up capacity of the world. Spain possesses the extreme aggregate set up capacity with above 2300 MW since 2015. Owing to the significant investments made for evolving the technology, it was almost ruling the international situation.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Concentrated Solar Power: Market Variables, Trends & Scope
Chapter 4 Concentrated Solar Power: Product Estimates & Trend Analysis
Chapter 5 Concentrated Solar Power: Application Estimates & Trend Analysis
Chapter 6 Concentrated Solar Power: End-use Estimates & Trend Analysis
Chapter 7 Concentrated Solar Power: Industrial End-use Estimates & Trend Analysis
Chapter 8 Concentrated Solar Power: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Concentrated Solar Power: Manufacturers Company Profiles
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Concentrated Solar Thermal Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
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The report contains 134 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
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Global Concentrated Solar Power Market was valued US$ 4.60 Bn in 2017 and is estimated to reach US$ 17.02 Bn by 2026 at a CAGR of about 19.82% during a forecast period.Global Concentrated Solar Power Market is segmented by Technology, Component, End-user and Geography.
Technology segment is divided into the parabolic trough, linear Fresnel, dish, power tower.
Based on the component, Global Concentrated Solar Power Market is categorized into power block, solar field and thermal energy storage system.
This growth can be attributed to gigantic proportion about more than 84% predominantly owing to the significant dispersion of the design accompanied by the ease in installation and usage.Based on the end user, the utility segment is projected to witness a high growth rate of the CAGR owing to the constructive government regulations towards accumulative the adoption of renewable sources of energy.
Innumerable economic and economic benefits existing by government bodies such as tax credits Feed in Tariffs will enhancement the concentrated solar power market growth during the forecast period.In terms of region, Europe is expected to dominate the growth in the global concentrated solar power market owing to administrative regulation in the European region concerning with carbon emissions.
The developing economies such as China and India are concentrated on renewable energy and mounted enormous capacity in recent years.Some of the major key players in the concentrated solar power market includes Soltigua, Engine, Aalborg CSP A/S , Abengoa Solar, S.A., Acwa Power, Alsolen, Archimedes Solar Energy, Bay solar CSP , Brightsource Energy, Inc., Cobra Energia, SCHOTT Solar AG, Solar Millennium AG, Acciona, BrightSource Energy Inc.Scope of the report for Global Concentrated Solar Power MarketGlobal Concentrated Solar Power Market, by Technology• Parabolic Trough• Linear Fresnel• Power Tower• Dish/Engine SystemGlobal Concentrated Solar Power Market, by Component• Power Block• Solar Field• Thermal Energy Storage SystemGlobal Concentrated Solar Power Market, End userGet Request For Discount:http://www.marketgrowthanalysis.com/reports/enquiry/224• Utilities• Enhanced Oil Recovery• Desalination• OthersGlobal Concentrated Solar Power Market, by Geography• North America• Europe• Asia Pacific• Middle East & Africa• Latin AmericaKey players in Global Concentrated Solar Power Market• extEra Energy Resources LLC• Esolar, Inc.• Frenell Gmbh• Nexans• Siemens Ag• Solar Reserve, Llc• Ibereolica Group• Solastor• Soltigua• Engie• Aalborg Csp A/S• Abengoa Solar, S.A.• Acwa Power• Alsolen• Archimedes Solar Energy• Baysolar Csp• Brightsource Energy, Inc.• Cobra Energia• SCHOTT Solar AG• Solar Millennium AG• Acciona• BrightSource Energy Inc.Full View of Report Analysis:http://www.marketgrowthanalysis.com/concentrated-solar-power-marketMarket Growth Analysis is one of the leading digital services provider and a result-oriented company based in Malaysia.
