Press release
Concentrated Solar Power Market Key Players, Trends, Sales, Supply, Demand, Analysis and Forecast 2025
Concentrated Solar Power Market
The size of Concentrated Solar Power Market was registered at USD 8 billion in the year 2018 and annual installed capacity is set to exceed 800 MW by 2025. Technological advancements and huge investments in R&D will remarkably alter the growth curve of concentrated solar power industry over the coming years of 2016 to 2025. Based on technology, power tower will register an annual growth rate of more than 23% over the years ahead, owing to its enhanced performance, low cost, high efficiency, and large capacity.
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Several companies have invested in this technology subject to its excellent features. DLR had a major hand in installing the PS10 solar power tower in Spain (the world's first commercial concentrated solar power tower plant). Speaking of Spain, in 2013, the country fulfilled more than 3.1% of the electricity demand from photovoltaic plants and 1.8% with concentrated solar power plants. Government encouragement toward the adoption of clean energy will stimulate Spain concentrated solar power market share, which is anticipated to surpass a capacity of 3.5 GW by 2025.
Parabolic trough technology accounted for more than 70% revenue share in 2015 and will exhibit considerable growth rate over the period of 2016 to 2025, primarily driven by its cost-effectiveness as well as high efficiency as compared to the other technologies. Linear Fresnel is also another lucrative technology segment, which will surpass a revenue collection of USD 9 billion by 2025. The revenue generation is credited to its ground-based mirror design and the availability of collectors at affordable rates.
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Chile concentrated solar power market will exhibit lucrative growth rate of more than 27% over the period of 2016 to 2025. The fact the major industry giants have planned potential solar power projects in the region due to favorable climatic conditions will push the regional growth.
India concentrated solar power market was worth around USD 1 billion in 2015 and will generate lucrative revenue over the coming timeframe, primarily driven by the steps the government has taken toward the production of energy from renewable sources. The government is also providing significant funding to install CSPs across the country to fulfill the increasing electricity demand.
Partial Table of Contents (ToC) of the report:
Chapter 4 Concentrated Solar Power Market, By Technology
4.1 Concentrated solar power market share by technology, 2018 & 2025
4.2 Parabolic trough
4.2.1 Global CSP market from parabolic trough, 2014 - 2025
4.2.2 Global CSP market from parabolic trough, by region, 2014 - 2025
4.3 Linear fresnel reflector
4.3.1 Global CSP market from linear fresnel reflector, 2014 - 2025
4.3.2 Global CSP market from linear fresnel reflector, by region, 2014 - 2025
4.4 Power tower
4.4.1 Global CSP market from power tower, 2014 - 2025
4.4.2 Global CSP market from power tower, by region, 2014 - 2025
Chapter 5 Concentrated Solar Power Market, By Capacity
5.1 Concentrated solar power market share by capacity, 2018 & 2025
5.2 100 MW, by region, 2014 - 2025
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/concentrated-solar-power-market
Morocco concentrated solar power industry will collect a revenue of more than USD 5 billion by 2025, mainly driven by the favorable steps taken by the Moroccan Agency for Solar Energy to install a solar power plant of capacity 2 GW.
The noteworthy participants in concentrated solar power market are BrightSource Energy, NextEra Energy Resources, Siemens, Areva, Solar Reserve, Solar Millennium, Abengoa, TSK Flagsol, Acciona, and eSolar.
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