The global concentrated solar power market was valued at $ 3,793.0 million in 2018 and is projected to reach $ 8,046.7 million by 2026, growing at a CAGR of 10% from 2019 to 2025. The MEA region accounted for nearly 21.0% market share in 2018.
A full report of Concentrated Solar Power Market is available at: https://www.orionmarketreports.com/concentrated-solar-power-market/10581/
Increasing government support for adopting renewable technologies, along with increasing energy demand and the ability to deliver power without CO2 emissions, drives the market’s growth. In addition, the increasing environmental problems caused by carbon emissions are focused on reducing air pollution with awareness of global warming. This factor is also expected to drive market growth. However, the high costs incurred during concentrated solar energy production hinder the market growth during the forecast period. In addition, increasing investments in various industries for renewable resources and increased acceptance of heat storage systems are factors that represent great opportunities for the market.
Concentrated Solar Power Market Segmentation
By Technology
• Parabolic Trough
• Solar Power Tower
• Fresnel Reflectors
• Dish Stirling
By End-User Industry
• Residential
• Commercial
• Industrial
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