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Concentrated Solar Power Market Size - Industry Analysis, Share, Growth, Trends, and Forecast 2019-2027

Press release   •   Sep 25, 2019 14:30 IST

Concentrated Solar Power Market

The concentrated solar power plants promote renewable and clean energy generation over conventional sources. Increasing energy demand and government initiatives for solar power generation are creating a positive outlook for the market players. Depleting fossil fuels and investments towards sustainable development further complement the market scenario.

The concentrated solar power market is anticipated to grow in the forecast period owing to driving factors such as developments in the field of renewable energy resources and favorable government policies. Moreover, increasing environmental concerns against carbon emissions are expected to augment the market growth. However, higher generation cost may hamper the growth of the concentrated solar power market during the forecast period. On the other hand, growing applicability in hybrid power plants and investments by the mining industry are expected to offer growth opportunity for the key players over the coming years.

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The key players influencing the market are:

Aalborg CSP, Abengoa S.A., Acciona Energía, S.A., ACWA Power, ALCEN, BrightSource Energy, Chiyoda Corporation, Shams Power Company PJSC, SolarReserve, Suntrace

The global concentrated solar power market is segmented on the basis of technology, capacity, storage and end user. By technology, the market is segmented as parabolic troughs, linear fresnel, dish-stirling, tower and concentrator photovoltaic. Based on capacity, the market is segmented as less than 50 MW, 50 to 100 MW and more than 100 MW. On the basis of the storage, the market is segmented as with storage and without storage. The market on the basis of the end user is classified as residential, commercial and industrial.

The "Global Concentrated Solar Power Market Analysis to 2027" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of concentrated solar power market with detailed market segmentation by technology, capacity, storage, end user and geography. The global concentrated solar power market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading concentrated solar power market players and offers key trends and opportunities in the market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global concentrated solar power market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The concentrated solar power market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting concentrated solar power market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the concentrated solar power market in these regions.The reports cover key developments in the concentrated solar power market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from concentrated solar power market are anticipated to lucrative growth opportunities in the future with the rising demand for concentrated solar power in the global market.

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