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The global market size of Concentrating Solar Power (CSP) Systems is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2025 with a CAGR of XX% from 2019 to 2025.
Overview:
Concentrating solar power (CSP) plants use mirrors to concentrate the energy from the sun to drive conventional steam engines or turbines to produce electricity. CSP is used in utility-scale applications to help provide power to an electricity grid. CSP has a built-in thermal storage capability that allows power generation even after sunset or cloud cover and an improved hybrid operating capability to meet base-load demand at night. Moreover, CSP energy is a carbon-free source of electricity and is best suited for regions with strong radiation. The global concentrated solar power market focuses on six regions namely North America, South America, Europe, Asia Pacific, Middle East, and Africa.
Drivers:
Government initiatives for the adoption of renewable energy is expected to drive growth of the global concentrated solar power market during the forecast period. For instance, the Government of India plans to set up 175 GW of renewable energy capacity by 2022. Rising demand for green electricity across the world is also expected to fuel growth of the market. Moreover, increasing installations of CSP is expected to propel the global concentrated solar power market growth.
Restrain:
High cost incurred during CSP energy production is expected to hamper growth of the global concentrated solar power market during the forecast period.
Regional Insights:
Africa is expected to witness growth in the global concentrated solar power market due to increasing demand for CSP in this region. For instance, in 2018, Morocco build the world’s largest concentrated solar power plant, named Noor Complex Solar Power Plant, with a total capacity of 580 MW.
Asia Pacific is expected to register robust growth in the global concentrated solar power market due to increased use of renewable energy. For instance, in February 2020, GE Energy received a contract to supply and install 112 wind turbines for 300 MW wind farm in Gujarat, India.
Competitive Section:
Kay players operating in the global concentrated solar power market are Abengoa, Areva, SolarReserve, Siemens, Schott, BrightSource Energy, Acciona, ESolar, Cool Earth, Wilson Solarpower, Lointek, Novatec, NextEra Energy Resources, Absolicon, Shams Power, Rioglass Solar, and ZED Solar.
In May 2020, Abengoa joined forces with Acciona to construct the Cerro Dominador solar power plant in the Atacama Desert, South America.
In December 2019, BrightSource Energy developed a new kind of absorber coating for the DEWA concentrated solar power plant.
Global Concentrating Solar Power (CSP) Systems Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Concentrating Solar Power (CSP) Systems industry.
The key insights of the report:
1. The report provides key statistics on the market status of the Concentrating Solar Power (CSP) Systems manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2. The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3. The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5. The report estimates 2019-2025 market development trends of Concentrating Solar Power (CSP) Systems industry.
6. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7. The report makes some important proposals for a new project of Concentrating Solar Power (CSP) Systems Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Concentrating Solar Power (CSP) Systems as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share
For product type segment, this report listed main product type of Concentrating Solar Power (CSP) Systems market
* Product Type I
* Product Type II
* Product Type III
For end use/application segment, this report focuses on the status and outlook for key applications. End users are also listed.
* Application I
* Application II
* Application III
For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.
