Global Concentrated Solar Power Market Growth Evolution By Top Key Players; AREVA T&D, ACCIONA, Abengoa, SCHOTT, NextEra Energy Resources, Siemens, eSolar, BrightSource Energy, Inc., SolarReserve, Novatec, Shams Power Company, Millennium Energy Industr
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.
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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. AREVA T&D
5. NextEra Energy Resources
8. BrightSource Energy, Inc.
11. Shams Power Company
12. Millennium Energy Industries
As reported in the latest study by Global Market Insights, Inc., Global concentrated solar power market 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.
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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.
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.
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. 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.
The key industry players in concentrated solar power market includes BrightSource Energy, Inc., AREVA T&D, eSolar, ACCIONA, Millennium Energy Industries, Abengoa, SCHOTT, NextEra Energy Resources, SolarReserve, Siemens, Wilson Solarpower, Novatec, LOINTEK, Shams Power Company, and ZED Solar.
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:
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