The global demand for Concentrated Solar Power Market is presumed to reach the valuation of nearly USD XXX MN by 2026 from USD XXX MN in 2019 with a CAGR of X.XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XXX Megawatts in 2019 and foreseen to touch XXX Megawatts by 2026 with a CAGR of X.X% during 2020-2026.
The boosting application of the clean fuel substitutes and the expanding environmental issues are the fundamental factors driving the growth of global concentrated solar power market. Concentrated solar power uses the solar power to an utmost extent by concentrating the power from numerous directions to one epicentre that generates heat using different mechanisms resulting in electricity production. With many countries understanding the benefits of solar power, solar panels have been employed in different parts of its boundaries to enhance the power generation using solar energy, which will necessarily strengthen the market growth in the forthcoming years.
Concentrated solar power is a technique that utilizes concentrated solar energy to store and create electricity. It is a process encompassing the use of numerous mirrors to direct the sunlight on a specific point, where the energy from the sun is packed and utilized to produce high-temperature heat. This heat is now used to generate steam, which is the basis to drive the steam turbine to produce electricity. Electricity is produced by passing the generated steam through a traditional generator. The concentrated solar plant in the system has generally two parts, one which is used for the storage of solar energy and transformation into heat and the second one is used to produce electricity using the generated heat. The main variation in different technologies used is the fixation of mirrors and the receiver at different places.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of concentrated solar power.
The entire Concentrated Solar Power market has been sub-categorized into technology, application type. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Application Type
- Parabolic Trough
- Linear Fresnel
- Power Tower
This section covers regional segmentation which accentuates on current and future demand for concentrated solar power market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Concentrated Solar Power Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the concentrated solar power market include BrightSource Energy, Abengoa Solar, Siemens, Acciona, SolarReserve, Torresol Energy, Trivelli Energia, Abors green GmbH, Parvolen CSP Technologies, Sener, Lointek, Rioglass. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.