The global market of Concentrating Solar
Power around the world is growing rapidly due to factors such as heat stored
and used even if sun is not shining as well as most cost-effective solar option
for large-scale electricity generation are booming the market of concentrating
solar power market. Advances in system design have made power plants more
efficient at producing electricity. Moreover, factors like low maintenance cost
of these panels and growing investments in clean energy are driving the
concentrated solar power market. Geographically, Europe Concentrating Solar
Power market share witness considerable growth on account of Increasing
environmental concern and government supportive initiatives which drives the
market in this region. Concentrating Solar Power use mirrors to
focus sun’s light energy and convert it into heat. The plants consist of two
parts, one that collects solar energy and converts it to heat or converts the
heat energy to electricity.
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Industry
Segmentation
The report has analyzed the market based
on the three segments: product, application, and end use in the regions of
North America, Europe, APAC and rest of the world.
On the basis of product, it includes
parabolic trough, solar tower, Linear Fresnel, Dish sterling. Parabolic trough
segment is expected to hold the largest share of the Concentrating Solar Power
market due to applicable in all types of end-user industries such as utilities,
Enhanced oil recovery, and other end users such as mining and desalination
among others.
On the basis of application, it includes
Residential, Commercial, and Industrial. Whereas Europe region expected to grow
the Concentrating Solar Power market. The scope of the market has widened over
many years owing to the flourishing markets of Europe region. Multiple factors
such as cost-effectiveness, durability, and capability of reducing greenhouse
gases in the atmosphere are some factors which driving the market in this
region.
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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.
Prominent
Players
We recognize the key players in the global
Concentrating Solar Power market 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, and TSK Flagsol
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