Concentrated Solar Power Market for product segment (Parabolic Trough, Tower, Fresnel and Dish Sterling) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2020
According
to a recent market research report published by Transparency Market
Research, the global concentrated solar power market is estimated to
expand robustly at a CAGR of 19.4% in terms of value, during the period
between 2014 and 2020. The report, titled “Concentrated Solar Power
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2014 - 2020,” projects the global concentrated solar power
market to be worth US$8.67 bn by 2020. The overall market was valued at
US$2.51 bn in 2013. In terms of volume, the market is anticipated to
expand at a CAGR of 20.3% during the forecast period.
The
report points out that the rising awareness about global warming,
coupled with increasing greenhouse gas emissions, is fuelling demand
from the concentrated solar power market. Rising prices of conventional
energy and concerns over future energy supply will drive the growth of
the global concentrated solar power market. Government support and
incentives are expected to further boost the market growth during the
forecast period. However, the high cost of electricity generation is
expected to undermine the growth of the market. The generation of power
through solar energy is still at its nascent stage due to the lack of
advanced technology. The overall market has a huge opportunity to grow
with the adoption of heat storage systems and hybridization of
concentrated solar power plants with conventional thermal plants.
On
the basis of product type, the report segments the global concentrated
solar power market into linear Fresnel, solar tower, parabolic trough,
and dish stirling. The demand for the parabolic trough technology is the
highest across commercial power plants as it has matured the most. This
segment is also expected to register the fastest growth in the market
during the forecast horizon, followed by the linear Fresnel and solar
tower technologies. A number of industrial and commercial power plants
are increasingly adopting dish stirling technology to initiate pilot
projects for future benefits.
The
report studies the global concentrated solar power market across four
key regions: North America, Europe, Asia Pacific, and Rest of the World.
Europe is anticipated to lead the overall market in terms of usage, new
projects, and number of installations. During the forecast period, the
markets in Asia Pacific and North America are expected to witness rapid
growth owing to the growing concerns over the scarcity of the
conventional resources.
Describing
the competitive hierarchy, the report profiles some of the key players
in the global concentrated solar power market such as 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, GDF SUEZ, Ibereolica Group, and NextEra Energy Resources
LLC. The report further provides insightful information about the key
players including their business strategies, product portfolio, and
recent developments.
Global Concentrated Solar Power Market has been segmented as:
Global Concentrated Solar Power Market: Product Segment
-Parabolic Trough
-Solar Tower
-Linear Fresnel
-Dish Stirling
Global Concentrated Solar Power Market: Regional Segment
-North America
-Europe
-Asia Pacific
-Rest of the World (RoW)
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1898
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