Concentrated Solar Power Market By Technology (Parabolic Trough, Power Tower, Linear Fresnel, and Dish/Engine System),grow at a rate of 12.90%

Concentrated solar power market will reach at estimated value of USD 15.76 billion and grow at a rate of 12.90% for the forecast period of 2021 to 2028. Growing environmental concerns over carbon emissions and efforts to reduce air pollution is a vital factor driving the growth of concentrated solar power market.

Concentrated solar power energy is a type of energy which is a generation of electricity via mirrors that concentrates the sunrays to the temperature varying between 400 and 1,000 °C. The energy is then employed in numerous applications such as heating fluid, basically water or oil, which in turn produces steam or hot air. The steam that is produced is used to drive turbines and is connected to a generator to generate electricity. There are numerous types of mirror shapes and sun-tracking methods which helps in providing useful energy.

View Detailed Analysis Report: https://www.databridgemarketresearch.com/reports/global-concentrated-solar-power-market

Rising policy support from government to enable adoption of renewable technologies is the vital factor escalating the market growth, also increasing effective integration of CSP systems with thermal storage systems, increasing growth in demand for renewable energy, increasing boost in the demand for solar energy from emerging economies, rising demand for clean energy, increasing favourable government initiatives and continuous decline in LCOE are the major factors among others driving the concentrated solar power market. Moreover, rising integration of CSP in hybrid power plants and increasing use of CSP in desalination and enhanced oil recovery processes will further create new opportunities for the concentrated solar power market in the forecast period of 2021- 2028.

However, increasing cost of generation compared to other renewable technologies, rising aavailability of other renewable alternatives and increasing capital expenditure are the major factors among others acting as a restraint, and will further challenge the growth of concentrated solar power market in the forecast period mentioned above.

Key Players Analysis

The major players covered in the concentrated solar power market report are Abengoa, ACCIONA, GENERAL ELECTRIC, TSK Flagsol, Enel Spa, Suntrace GmbH, BrightSource Energy, Inc., Atlantica Sustainable Infrastructure plc, Shams Power, SolarReserve LLC, ACWA POWER, Eastman Chemical Company or its subsidiaries, and Chiyoda Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Concentrated Solar Power Market Scope and Market Size

Concentrated solar power market is segmented on the basis of technology, components, end-user and heat transfer fluid. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

Based on technology, the concentrated solar power market is segmented into parabolic trough, power tower, linear fresnel, and dish/engine system.

Based on components, the concentrated solar power market is segmented into solar field, power block and thermal storage.

Based on end-user, the concentrated solar power market is segmented into utilities, enhanced oil recovery (EOR) and others.

The concentrated solar power market is also segmented on the basis of heat transfer fluid into molten salt, water-based, oil-based, and other heat transfer fluids

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