Market Synopsis of Concentrating Solar Power Market
Concentrated solar power is a technology that harnesses the sun’s energy potential and provides reliable renewable energy. It produces electricity on demand as well as provides dispatchable source of renewable energy. Concentrating solar power are widely used in residential, commercial, and industrial areas. Moreover, growing environmental concerns over carbon emissions, Government support and incentives to enable adoption of renewable technologies are some factors which driving the market of concentrating solar power.
However, the high cost of electricity generation, the lack of advanced technology higher payback time period are the major restraints of the global concentrating solar power market
Global Concentrating Solar Power Market segmented as:
- By Product (Parabolic trough, Solar tower, Linear Fresnel, Dish sterling)
- By Application (Residential, Commercial, Industrial)
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The major player operating in the market of Global Concentrating Solar Power 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,
- TSK Flagsol
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- Research Institute / Education Institute
- Potential Investors
Study Objectives of Concentrating Solar Power markets Market.
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Concentrating Solar Power markets Market.
- To provide insights about factors affecting the market growth.
- To analyze the Concentrating Solar Power markets market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
Europe is expected to lead the concentrating solar power market in terms new projects, number of installation security of supply with an objective to reduce greenhouse gas emission. Moreover, government initiatives towards grid scale renewable power generation act as a primary driver for the growth of market in the Europe.
Whereas, Asia Pacific region will grow at good pace during the forecast period because major installations taking place in countries such as China and India. As well as construction of Asia’s largest concentrated solar power plant in the forecasted period pushing the market in this region.
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