Concentrated Solar Power Dimension, Share, Progress, Evaluation, Report and Forecast Interval.
Concentrated Solar Power Report Scope and Research Methodology
The report provides current Concentrated Solar Power Market trends and future insights in terms of demand, supply, and sales, as well as recent changes. The Concentrated Solar Power market report focuses on the key drivers and restraints for key players, as well as the current competitive landscape and development prospects. The Concentrated Solar Power market report provides the most up-to-date market statistics, as well as future developments, size, and emerging trends, allowing you to identify the products and end users that are driving revenue growth and profitability. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin & Sales by Product are all included in this global Concentrated Solar Power market research report. The research offers market size, growth rate, and country-level data, as well as demand and supply aspects that influence worldwide Concentrated Solar Power market growth in different nations.
Concentrated Solar Power Market Dynamics:
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.
Concentrated Solar Power Market Segmentation :
The high capital cost of concentrated solar power energy generation is expected to hamper the CSP market growth during the forecast period. For instance, the average cost of electricity generated by CSP is US$ 0.20 per Kwh, and for solar PV, it is between US$ 0.05 to 0.10 per kWh. Nonetheless, an increase in investment in renewable energy from various industries, along with an increased acceptance of heat storage systems, are expected to create lucrative opportunities in the CSP market during the forecast period.
Based on the Technology, the Concentrated Solar Power Market is segmented into Parabolic Trough, Linear Fresnel, Power Tower, and Dish/Engine System. The Parabolic Trough segment held the largest market share, accounting for 81.19% in 2020. The segment growth is attributed to the high penetration of design, and easy installation along with convention. The segment required low capital cost as compared to its counterparts. Parabolic trough collectors are the most extensively used CSP technology. More than 4,000 MW of active parabolic trough CSP was present in 2020, out of 6,128 MW of built CSP capacity. In addition, parabolic trough technology offers high efficiency and better capability to store energy, which in turn drives the CSP market growth for this segment.
Concentrated Solar Power Market Key Players:
• Acwa Power
• Alsolen
• Archimedes Solar Energy
• Baysolar Csp
• Brightsource Energy, Inc.
• Cobra Energia
• SCHOTT Solar AG
• Solar Millennium AG
• Acciona
• BrightSource Energy Inc.
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading research firm, has also published the following reports:
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
