Industry Overview
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.
Concentrated
solar power market is gaining an edge successfully in improving profitability
and developing new revenue streams. Growth of the concentrated solar power
industry is increasingly being driven by government policies aimed at reducing
GHG emissions and balancing the fossil fuel depletion. For instance, the U.S.
treasury department and the state government have awarded tax credits to CPS
projects which make use of clean energy. Another prominent example is the
Office of Energy Efficiency and Renewable Energy, which provided funds of
approximately USD 9 million to 6 CSP projects to achieve a substantial reduction
in the prices and ensure technological advancements.
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The
mounting need for efficient renewable energy sources for large scale
electricity generation, owing to rapid industrialization and urbanization is
likely to propel the global concentrated solar power industry.
Amongst
the various types of solar power generators based on technological bifurcation,
parabolic troughs accounted for over 70% of the global concentrated solar power
industry in 2015. High efficiency and low cost of the parabolic troughs is
gaining preference in the mass market. Linear Fresnel, power tower, and dish are
the other technologies used in solar power generators witnessing noticeable
growth. Linear Fresnel concentrated solar power industry is anticipated to
surpass USD 9 billion by 2025. In addition, improved performance, low cost,
high storage, high efficiency, and high capacity will set a promising growth
for the power tower CSP market.
Considering
the deployment of concentrated solar power generators around the world Chile is
leading the industry and is estimated to record a highest growth rate of more
than 27% over the period of 2016-2025. The favorable climatic conditions and an
adequate hub of current projects will pave the way for border deployment in the
region. Chile holds around 400 MW of solar photovoltaic generation under
construction. This number is more than any other nation in South America.
U.S.
concentrated solar power market worth USD 12 billion in 2015, is projected to
grow at a CAGR of 8% over the period of 2016-2025. Spain is estimated to exceed
3.5 GW by 2025, in which 3.1% of the total electricity demand is met by
photovoltaics and 1.8% is met by concentrated solar power plants. Government regulations to curb carbon
footprints and emphasis on adapting clean energy channels will complement the
regional growth.
Morocco concentrated solar power
industry is set to expand with target market size slated to reach USD 5 billion
by 2025. India concentrated solar power market is booming with the rising
electricity demand in this region. Promising government initiatives have played
a vital role in industry growth.
Mergers and acquisitions is one of
the main strategies adopted by leading companies to expand their regional
presence. Notable concentrated solar power industry players include Siemens,
TSK Flagsol, Solar Millennium, Acciona, NextEra Energy Resources, eSolar,
Areva, Solar Reserve, BrightSource Energy, and Abengoa.
Browse
key industry insights spread across 117 pages with 149 market data tables &
11 figures & charts from the report Concentrated
Solar Power Market in detail along with the table of contents:
Chapter 1 Methodology & Scope
1.1 Research
Methodology
1.1.1 Initial data
exploration
1.1.2 Statistical
model and forecast
1.1.3 Industry
insights and validation
1.1.4 Research scope
and assumptions
1.2 Data Sources
1.2.1. Primary sources
1.2.2. Secondary
sources
2.1 Concentrated solar
power industry 3600 synopsis, 2014 - 2025
2.1.1 Business trends
2.1.2 Technology
trends
2.1.3 Regional trends
3.1 Industry
segmentation
3.2 Industry size
& forecast, 2014 – 2025
3.3 Industry ecosystem
analysis
3.3.1 Vendor matrix
3.4 Price trend analysis
3.4.1 Cost structure,
by component
3.5 Innovation &
sustainability
3.6 Regulatory trends
& impact forecast
3.6.1 U.S.
3.6.2 Spain
3.6.3 India
3.6.4 China
3.6.5 Morocco
3.6.6 UAE
3.6.7 South Africa
3.6.8 Chile
3.7 Industry impact
forces
3.7.1 Growth drivers
3.7.1.1 Favorable government
initiatives
3.7.1.2 Rising electricity
demand
3.7.1.3 Increasing clean
energy demand
3.7.2 Industry pitfalls & challenges
3.7.2.1 High initial
investment
3.7.2.2 Availability of
other alternative sources
3.8 Growth potential
analysis
3.9 Porter’s analysis
3.10 Competitive landscape, 2015
3.10.1 Strategy dashboard
3.11 PESTEL analysis
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