The solar technology report “Concentrated Solar
Power Market Size, By Technology
(Parabolic, Linear Fresnel, Power Tower, Dish), Industry Analysis Report,
Regional Outlook (U.S., Spain, Italy, Australia, Morocco, China, India, South
Africa, Chile, Saudi Arabia, the UAE), Growth Potential, Price Trends,
Competitive Market Share & Forecast, 2016 – 2025”, by Global Market
Insights, Inc. says Concentrated Solar
Power Market size
will exceed 24 GW by 2025.
Growing adoption of clean energy fuel over
conventional fuel will drive the global concentrated solar power market size
over the forecast timeframe. Government measure towards carbon footprints and
greenhouse gas emissions may further compliant the industry growth.
Rising electricity demand coupled with
increasing investments to raise efficiency index will foster the concentrated
solar power market share. In July 2016, U.S. federal government funded USD 9
million towards research and development of six CSP projects with an aim to
reduce the overall project cost through technological advancements.
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Declining component cost coupled with favorable
government incentives including carbon credits, and renewable energy
certificates will upsurge the global concentrated solar power market by 2025.
Easy integration with grid makes it most cost-effective energy alternatives for
large scale power generation.
Ability to store solar energy as heat, CSP can deliver
low emission power, even after the sun sets. Reliably and flexibly of power
supply help to mitigate the supply and demand mismatch. However, high capital
cost compared to other available sustainable energy may act as restraint over
the forecast timeline.
Parabolic troughs accounted for over 70% of the global
concentrated solar power market in 2015. Low cost with matured technology are
some of the advantages over other available thermal systems will may positively
impact the business growth.
Global concentrated solar power market size from power
tower for 2015 was valued over USD 2.8 billion. Improved heat storage, high
efficiency, low cost, and effective capacity factor may favor the business
landscape.
U.S. concentrated solar power market share will see
growth, of over 8% by 2025. Federal government initiatives including tax
rebate, financial assistance and net metering will complement the industry
outlook.
Chile concentrated solar power market revenue is set
to witness strong growth of over 25% over the forecast timeframe. Favorable
climatic conditions with strong pipeline projects will boost the business.
Morocco is set to exceed USD 5 billion by 2025. Noor solar plan targets of 2 GW
of solar capacity addition by 2020 will positively favor the industry growth.
Spain concentrated solar power market
size for 2015 was valued over USD 15 billion. Government emphasis to replace
conventional fossil fuel technology with efficient clean energy technology will
augment the industry landscape.
China concentrated solar power market is
predicted to exceed 7 GW by 2025. The Government of China in its 13th five year
plans aim to install 110GW solar power plants, of which 5GW will be accounted
from CSP. Favorable initiatives including feed in tariff and tax benefits may
further boost the business.
Key industry players include Siemens,
TSK Flagsol, NextEra Energy Resources, eSolar, Solar Millennium, Areva, Acciona,
Solar Reserve, BrightSource Energy, and Abengoa.
Browse key industry
insights spread across 117 pages with 149 market data tables & 11 figures
& charts from this 2017 report Concentrated
Solar Power Market in detail along with the table of contents:
Concentrated
solar power market research report includes in-depth coverage of the industry with
estimates & forecast in terms of volume in MW and revenue in USD Million
from 2014 to 2025, for the following segments:
Global
Concentrated Solar Power, By Technology
- Parabolic
- Linear Fresnel
- Power Tower
- Dish
The above
information is provided country basis for the following:
- U.S.
- Spain
- Italy
- Australia
- Morocco
- China
- India
- South Africa
- Chile
- Saudi Arabia
- UAE
About Global Market Insights
Global Market
Insights, Inc., headquartered in Delaware, U.S., is a global market research
and consulting service provider; offering syndicated and custom research
reports along with growth consulting services. Our business intelligence and
industry research reports offer clients with penetrative insights and
actionable market data specially designed and presented to aid strategic
decision making. These exhaustive reports are designed via a proprietary
research methodology and are available for key industries such as chemicals,
advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun
Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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