Concentrating Solar Power Market 2019 Regional Study, Global Segments, Business Trends and Future Prospects to 2025


Posted August 22, 2019 by DhanashreePawar

concentrating solar power market is expected to grow at 11.46% CAGR during the forecast period.

 
Concentrated solar power is a technology that can harness the sun’s energy potential and provide reliable renewable energy. Market Research Future (MRFR) has published a research report about the global concentrating solar power market that predicts growth for this market at between 2016 and 2022.

The prominent factors driving the global concentrating solar power market growth include growing awareness about eco-friendly power, need for renewable sources of energy, cost-effective energy, and low maintenance costs. However, the high cost of initial installation can limit market growth.

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Concentrating Solar Power is more expensive to install than the widely used conventional solar panels. Rising prices of conventional energy and concerns over future energy supply will drive the growth of the global concentrated solar power market. Moreover, has opportunity to grow with the adoption of heat storage systems and hybridization of concentrated solar power plants with conventional thermal plants. However, the high cost of electricity generation is expected to undermine the growth of the market.

Segmentation

The report has analyzed the market based on the three segments: product, application, and end use in the regions of North America, Europe, APAC and rest of the world. On the basis of product it includes parabolic trough, solar tower, Linear Fresnel, Dish sterling. Parabolic trough segment is expected to hold the largest share of the Concentrating Solar Power market due to applicable in all types of end-user industries such as utilities, Enhanced oil recovery, and other end users such as mining and desalination among others. On the basis of application it includes Residential, Commercial, and Industrial. Whereas Europe region expected to grow the Concentrating Solar Power market. The scope of the market has widened over many years owing to the flourishing markets of Europe region. Multiple factors such as cost-effectiveness, durability, and capability of reducing greenhouse gases in the atmosphere are some factors which driving the market in this region.

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Regional Analysis

The regional segmentation of the global concentrating solar power market segments the market into the regional markets known as North America, Asia Pacific, Europe, and rest of the world (RoW). Europe is a priority regional market due to new projects, government initiatives towards grid-scale renewable power generation, and a number of installation security of supply with an objective to reduce greenhouse gas emission. Many important market players are also based in Europe. Vital country-specific markets in this region are France, Germany, and the UK, followed by the remaining countries of Europe.

Leading Players

We recognize the key players in the global Concentrating Solar Power market are Areva Solar, Abengoa Solar S.A., SkyFuel Inc., eSolar Inc., BrightSource Energy Inc., Acciona S.A., SolarReserve LLC, Solar Millennium AG, SCHOTT Solar AG, and TSK Flagsol

Scope of the Report

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global Concentrating Solar Power market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Issued By MRFR
Country India
Categories Business , Energy
Tags concentrating solar power market , concentrating solar power market demand , concentrating solar power market trends
Last Updated August 22, 2019