Concentrated Solar Power Market was appreciated at US$ 3.03 billion during 2016 and is expected to reach US$ 8.92 billion by the completion of 2025. It is expected to witness a CAGR of 12.7% during the forecast period due to the crunch of electricity together with lessening resources of non-conventional energy for the generation of electricity.
Drivers and Restraints:
Stringent rules by the
governments to limit the growing carbon impression together with financial
paybacks are expected to increase the acceptance of different sources of energy
in the concentrated solar power market.
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Market Synopsis of Concentrated Solar Power Market:
The request for thermal energy storage
to upsurge the operation time of concentrated solar power is one of the most
important factors motivating the development of market. These plants can merely
generate power from sunrise to sunset. The technology of Thermal Energy Storage
(TES) permits storage of the thermal energy composed during the daytime from
these concentrated solar power plants, and it is used to generate power after
the sunset. This increases the operative time span of the concentrated solar
power plants. These plants are being fitted along with Thermal Energy Storage
(TES) technology to upsurge the rating of capability factor. This is likely to
deliver the most important improvement with regards to the acceptance of
concentrated solar power as a principal basis for the generation of
electricity.
But, the technology of
concentrated solar power is funds demanding. This may perhaps show to be a
limitation to its acceptance, if not reinforced by government organizations and
controlling establishments. Growing alertness in industrialized areas of North
America and Europe, along with emerging nations of Asia Pacific is expected to
increase the development of the business.
Classification:
The global concentrated solar
power (CSP) market can be classified by Application, Technology, Capacity,
Storage, and Region. By Application, it can be classified as Desalination,
Utilities, Superior Oil Regaining, and others. By Technology it can be
classified as Power Tower, Linear Fresnel, Dish, and Parabolic Trough. By
Capacity, it can be classified as >100 MW, >50 to ≤100 MW, ≤50 MW. By
Storage, it can be classified as Without Storage, With Storage.
Regional Lookout:
By Region the global concentrated
solar power industry can be classified as North America, Europe, Asia Pacific,
Central & South America, and Middle East & Africa. Europe ruled the
global market for concentrated solar power, by way of more than 45% set up
capacity of the world. Spain possesses the extreme aggregate set up capacity
with above 2300 MW since 2015. Owing to the significant investments made for
evolving the technology, it was almost ruling the international situation.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Concentrated Solar
Power: Market Variables, Trends & Scope
Chapter 4 Concentrated Solar
Power: Product Estimates & Trend Analysis
Chapter 5 Concentrated Solar
Power: Application Estimates & Trend Analysis
Chapter 6 Concentrated Solar
Power: End-use Estimates & Trend Analysis
Chapter 7 Concentrated Solar
Power: Industrial End-use Estimates & Trend Analysis
Chapter 8 Concentrated Solar
Power: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Concentrated Solar
Power: Manufacturers Company Profiles
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