Concentrated solar power
is a technology that harnesses the sun’s energy potential and provides reliable
renewable energy. It produces electricity on demand as well as provides
dispatchable source of renewable energy. Concentrating solar power are widely
used in residential, commercial, and industrial areas. Moreover, growing
environmental concerns over carbon emissions, Government support and incentives
to enable adoption of renewable technologies are some factors which driving the
market of concentrating solar power.
However, the high cost of
electricity generation, the lack of advanced technology higher payback time
period are the major restraints of the global concentrating solar power market.
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The report for Global
Concentrating Solar Power Market of Market Research Future comprises of
extensive primary research along with the detailed analysis of qualitative as
well as quantitative aspects by various industry experts, key opinion leaders
to gain the deeper insight of the market and industry performance. The report
gives the clear picture of current market scenario which includes historical
and projected market size in terms of value and volume, technological
advancement, macro economical and governing factors in the market.
Regional Outlook
Europe is expected to
lead the concentrating solar power market in terms new projects, number of
installation security of supply with an objective to reduce greenhouse gas
emission. Moreover, government initiatives towards grid scale renewable power
generation act as a primary driver for the growth of market in the Europe.
Whereas, Asia Pacific
region will grow at good pace during the forecast period because major
installations taking place in countries such as China and India. As well as
construction of Asia’s largest concentrated solar power plant in the forecasted
period pushing the market in this region.
Key Players
The major player
operating in the market of Global Concentrating Solar Power are 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
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