Concentrated Solar Power Market key Insights Based on Product Type, End-use and Regional Demand Till 2020

Albany, USA, 2019-Jul-16 — /EPR Network/ —In order to study the various trends and patterns prevailing in the overall market for Concentrated Solar Power , Market Research Reports Search Engine (MRRSE) has included a new report titled “Concentrated Solar Power Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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Global concentrated solar power market is estimated to expand robustly at a CAGR of 19.4% in terms of value, during the period between 2014 and 2020. The report, titled “Concentrated Solar Power Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020,” projects the global concentrated solar power market to be worth US$8.67 bn by 2020. The overall market was valued at US$2.51 bn in 2013. In terms of volume, the market is anticipated to expand at a CAGR of 20.3% during the forecast period.

The report points out that the rising awareness about global warming, coupled with increasing greenhouse gas emissions, is fuelling demand from the concentrated solar power market. Rising prices of conventional energy and concerns over future energy supply will drive the growth of the global concentrated solar power market. Government support and incentives are expected to further boost the market growth during the forecast period. However, the high cost of electricity generation is expected to undermine the growth of the market. The generation of power through solar energy is still at its nascent stage due to the lack of advanced technology. The overall market has a huge opportunity to grow with the adoption of heat storage systems and hybridization of concentrated solar power plants with conventional thermal plants.

On the basis of product type, the report segments the global concentrated solar power market into linear Fresnel, solar tower, parabolic trough, and dish stirling. The demand for the parabolic trough technology is the highest across commercial power plants as it has matured the most. This segment is also expected to register the fastest growth in the market during the forecast horizon, followed by the linear Fresnel and solar tower technologies. A number of industrial and commercial power plants are increasingly adopting dish stirling technology to initiate pilot projects for future benefits.

The report studies the global concentrated solar power market across four key regions: North America, Europe, Asia Pacific, and Rest of the World. Europe is anticipated to lead the overall market in terms of usage, new projects, and number of installations. During the forecast period, the markets in Asia Pacific and North America are expected to witness rapid growth owing to the growing concerns over the scarcity of the conventional resources.

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This report also includes Porter’s five forces model, value chain analysis, and market attractiveness analysis by end-users. Porter’s five forces model has been used to analyze the buyer’s power, supplier’s power, overall attractiveness in market and level of competition within the industry. Value chain analysis includes the entire process of installing a CSP plant from raw material to furnished product. These have been included with respect to the raw material provider, manufacturer, developer and suppliers. Drivers, restraints and opportunities of the CSP market have been mostly identified and are subjected to region wise variation. On the worldwide scale only the major drivers and restraints have been included. The market attractiveness study has been conducted on regional level. The study has been justified using different factor that play a major role in understanding the overall attractiveness of the market.

Some of the key market participants that deal in Concentrated Solar Power market include Abengoa Solar S.A., Ibereolica Group, GDF SUEZ, NextEra Energy Resources, LLC. and BrightSource Energy, Inc. The report provides an overview of these companies followed by their business overview, business strategies, SWOT analysis and recent developments.

The research provides detailed analysis of companies dealing in concentrated solar power trend analysis and demand forecast by geography. The value chain for concentrated solar power study encompasses all the stages of setting up the systems and its applications.

The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the concentrated solar power market as below:

Global Concentrated Solar Power Market: Product Segment

• Parabolic Trough
• Solar Tower
• Linear Fresnel
• Dish Stirling

Global Concentrated Solar Power Market: Regional Segment

• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)

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