Concentrating Solar Power is more
expensive to install than the widely used conventional solar panels. Rising
prices of conventional energy and concerns over future energy supply will drive
the growth of the global concentrated solar power market. Moreover, has
opportunity to grow with the adoption of heat storage systems and hybridization
of concentrated solar power plants with conventional thermal plants. However,
the high cost of electricity generation is expected to undermine the growth of
the market. A detailed analysis report of COVID-19
impact on Concentrated Solar Power Market is provided with the report.
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.
Browse Full Report @ https://www.marketresearchfuture.com/reports/concentrating-solar-power-market-2104
Regional Analysis
Europe
is considered as one of the largest producer for Concentrating Solar Powers.
Rising environmental concern and growing awareness among consumers are some of
the key factors boosting the concentrated solar power market. Moreover, governments in the European region
are providing incentives and rebates for attracting investors to invest in the
market.
Leading 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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