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What's Driving The Concentrated Solar Power (CSP) Market Size? Key Company Profiled In Acciona, Abengoa Solar, GE Renewable Energy, Enel Green Power, TSK Flagsol, Suntrace, BrightSource, Atlantica Yield, Shams Power, CSP Services, SolarReserve, ACWA

What's Driving The Concentrated Solar Power (CSP) Market Size?

U.S. ‘Concentrated Solar Power (CSP) Market’ worth USD 12 billion in 2015, is projected to grow at a CAGR of 8% over the period of 2018-2025.

CSP Report Contain:
Historical data coverage: 2014 to 2016
Growth Projections: 2017 to 2025
2018 Market Value: $8 BN
Regional scope: North America, Europe, Asia Pacific, Middle East & Africa, Latin America

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Companies mentioned:
1. Acciona,
2. Abengoa Solar,
3. GE Renewable Energy,
4. Enel Green Power,
5. TSK Flagsol, Suntrace,
6. BrightSource,
7. Atlantica Yield,
8. Shams Power,
9. CSP Services,
10. SolarReserve,
11. ACWA,
12. Chiyoda Corporation
13. Therminol amongst others.

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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• 265 pages
• 441 market data tables
• 35 figures & charts

CSP market size is set to witness growth on account of growing adoption of renewable energy driven by favorable governments initiatives. For instance in 2017, National Development & Reform Commission (NDRC) of China has drafted a policy to increase the 2030 renewable energy target from 20% to 35%. Furthermore, stringent carbon emission standards along with growing effects of global warming will drive the technological deployment.

Regional Insights:
Growing adoption of high efficiency systems along with favorable government policies will boost the power tower CSP market size. The technology will further witness growth on account of its higher working temperature, lower thermal losses and less energy transfer steps as compared to other available alternatives. In addition, shifting trends toward thermal energy storage systems coupled with its better compatibility with power tower systems will boost the technology deployment.

Relatively lower specific cost characterized by economies of scale along with growing demand for electricity will drive the >100 MW CSP market size in the forecast timeframe. As per the statistics stated by International Renewable Energy Agency (IRENA), cost of a 100 MW CSP project is nearly 12% lower than that of a 50 MW project employing the same technology. Moreover, larger reflecting area associated to larger project provide higher operating temperatures implying to better overall efficiency of the plant.

Browse Complete Summary of this report @ www.gminsights.com/industry-analysis/concentrated-solar-p...

Report Content

Chapter 1 Methodology & Scope

1.1 Methodology

1.2 Market definitions

1.3 Market estimates & forecast parameters

1.4 Data sources

1.4.1 Primary

1.4.2 Secondary

1.4.2.1 Paid sources

1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Concentrated solar power market 3600 synopsis, 2014 – 2025

2.1.1 Business trends

2.1.2 Technology trends

2.1.3 Capacity trends

2.1.4 Storage trends

2.1.5 Regional trends

Chapter 3 Concentrated Solar Power Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2018 - 2025

3.3 Industry ecosystem analysis

3.3.1 Vendor matrix

3.4 Price trend analysis

3.4.1 Cost structure by component 2015 & 2025

3.5 Comparison of CSP technologies

3.6 Innovation & sustainability

3.6.1 BrightSource Energy

3.6.2 Schlaich Bergermann Partner

3.6.3 Abengoa

3.6.4 Other Innovations

3.7 Regulatory landscape

3.7.1 China

3.7.1.1 Feed-In Tariff (FIT)

3.7.2 India

3.7.2.1 Jawaharlal Nehru National Solar Mission

3.7.2.2 RE Tariff Regulations

3.7.3 UAE

3.7.4 Chile

3.7.5 South Africa

3.7.5.1 Renewable Energy Independent Power Producer Programme (REIPPP)

3.7.5.2 Income Tax Act 1962

3.7.6 Morocco

3.7.6.1 Intended Nationally Determined Contribution (INDC)

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
Web: www.gminsights.com

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.

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