The global concentrated solar power market is anticipated to grow at a considerable CAGR of 9.5% during the forecast period (2023-2029). Across the globe concentrated solar power is being adopted, as this systems offer several advantages such as cost-effective investment, and a shorter span of installation, and it also combines with fossil fuels and other renewable energy sources. Hence, governments of every nation can take steps and focus on reducing the cost of these systems. Moreover, these systems are highly efficient and also these systems are helping to achieve green energy targets and help in control carbon emissions, and reduce air pollution as these are the most driving factors in the increased carbon emission and air pollution across the globe. Hence, if sudden steps on reducing the installation and equipment cost of these systems will be taken then these steps will attract various investors and this can be integrated into utilities. For instance, in March 2021 the US Energy Department has planned to cut the cost of solar energy by 60% till 2030 and it has also funded $128 million to lower costs, improve performance, and speed the deployment of solar energy technologies in upcoming years.
Furthermore, As the demand and number of solar installations is been increased, the key players in the market are now mainly focusing on developing and manufacturing new technology-based solar power that is propelling the market growth. Moreover, innovative heat transfer fluids that include, cSOC, and new salts are being introduced and researchers are working on new coatings that will reduce the amount of light reflected These are the factors that are driving the market growth. For instance, in March 2020, Shouhang Hightech Energy Technology Co., Ltd signed an agreement to invest in Jinta 100MW molten salt tower concentrating solar power project with Gansu Province.
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Market Coverage
- The market number available for – 2022-2029
- Base year- 2022
- Forecast period- 2023-2029
Segment Covered-
- By Technology
- By Component
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Abengoa Solar, Acciona Energy, Areva Solar, Bright Source Energy Inc., Cobra Energia, Esolar Inc., Glasspoint Solar, Novatec Solar, and others.
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Concentrated Solar Power Market Report Segment
By Technology
- Dish Stirling
- Enclosed Trough
- Parabolic Trough
- Fresnel Reflectors
By Component
Solar Field
- Tower/Concentrator Structure
- Reflectors
- Heat Collection Element (HCE)
- Pump And Heat Transfer Fluid
- Thermal Energy Storage
- Power Generation System
By Application
- Industrial
- Residential
- Commercial
Concentrated Solar Power Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Aalborg CSP A/S
- Abengoa
- ACWA Power International
- Acciona, SA
- Atlantica Sustainable Infrastructure PLC.
- BrightSource Energy
- Corporación Acciona Energías Renovables, S.A.
- DEUTSCHES INDUSTRIENETZWERK CONCENTRATED SOLAR POWER
- FRENELL GmbH
- E SOLAR
- Enel S.p.A.,
- GlassPoint
- Green Living GmbH
- GRUPO COBRA
- INITEC Energía
- RIOGLASS SOLAR HOLDING, S.A.
- SCHOTT AG
- SENER GRUPO DE INGENIERÍA S.A.
- Siemens Energy
- SR ENERGY
- Suntrace GmbH
- Trivelli Energia srl
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
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