Concentrated Solar Power Market was valued at US$ 4.83 Bn. in 2020. Global Concentrated Solar Power Market size is estimated to grow at a CAGR of 15.93%.
Concentrated Solar Power Market Overview:
The worldwide Concentrated Solar Power Market Research is a specialist and in-depth examination of the Concentrated Solar Power industry, with an emphasis on the global market trend. Furthermore, the competitive analysis regarding various parameters in a specific direct competition, and indirect competition, the strengths and weaknesses of major competitors, the price, a revenue, the gross profit margin, an interview record, a business distribution, entry barriers, and opportunity windows are provided within the report back to help the buyer better understand the competitors.
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Concentrated Solar Power Market Scope:
The global “Concentrated Solar Power Market” research examines major industry elements such as advancement, segmentation, growth prospects, opportunities, challenges, and competitive analysis. The segmental study focuses on revenue and forecast by region, kind, and application. This research examines the market size, development status, and prognosis, as well as a company profile. It also gives facts on the competitive environment as well as statistics from the top significant companies.
Concentrated Solar Power Market Drivers:
The growing government support and initiatives for the adoption of renewable technology, along with an increase in energy consumption and the capacity to deliver power without emitting CO2 are driving the concentrated solar power market growth across the globe. In addition, the growing environmental concerns related to carbon emissions lead to a greater focus on reducing air pollution and raising awareness of global warming leading to rising adoption of CSP installations across the commercial, industrial, and utility-scale applications are boosting the CSP market growth across the globe.
The global installed capacity of concentrated solar power was 5.50 GW with 2.5 GW under construction and 1.5 GW in development in 2019. The average cost of installing CSP systems in 2020 was US$ 4725 per kilowatt installed. According to IEA, from 2020 to 2030, average annual generation growth of 31% is required to achieve Net Zero power generation of 204 TWh from CSP. CSP installations are currently not aligned with the Net Zero Scenario, as this translates to 6.7 GW of new capacity every year. The factors such as the lowering cost of CSP components across the globe are expected to drive the concentrated solar power market during the forecast period.
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Concentrated Solar Power Market Segmentation:
by Technology
• Parabolic Trough
• Linear Fresnel
• Power Tower
• Dish/Engine System
by Component
• Power Block
• Solar Field
• Thermal Energy Storage System
by Application
• Utilities
• Enhanced Oil Recovery
• Desalination
• Others
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Concentrated Solar Power Market Key Players:
Global Concentrated Solar Power Market data includes company profiles, product images and specifications, capacity, production, price, cost, revenue, and contact information. Upstream raw materials and instruments, as well as downstream demand assessments, are also provided. Global Concentrated Solar Power market development patterns and marketing methods are investigated. Finally, the viability of the most recent investment proposals is evaluated, and overall analytical findings are provided.
• Esolar, Inc.
• Frenell Gmbh
• Nexans
• Siemens Ag
• Solar Reserve
• 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.
Concentrated Solar Power Market Regional Analysis:
The study report is divided into groups based on region, manufacturer, type, and application. Each category offers production data for the anticipated period . The consumption by Application section is also provided for the predicted. Understanding the categories aids in determining the significance of various elements that contribute to market growth.
Key Questions Answered in the Concentrated Solar Power Market Report are:
- What will be the CAGR of the Concentrated Solar Power market during the forecast period ?
- Which segment emerged as the leading segment in the Concentrated Solar Power market?
- Which are the main players in the Concentrated Solar Power market?
- What key trends are likely to emerge in the Concentrated Solar Power market in the coming years?
- What will be the Concentrated Solar Power market size ?
- Which company held the largest share in the Concentrated Solar Power market?
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