Press release
Concentrated Solar Power Market Size, Industry Trends, Share and Forecast 2019-2025
The global concentrated solar power market was valued at $ 3,793.0 million in 2018 and is projected to reach $ 8,046.7 million by 2026, growing at a CAGR of 10% from 2019 to 2025. The MEA region accounted for nearly 21.0% market share in 2018.A full report of Concentrated Solar Power Market is available at: https://www.orionmarketreports.com/concentrated-solar-power-market/10581/
Increasing government support for adopting renewable technologies, along with increasing energy demand and the ability to deliver power without CO2 emissions, drives the market's growth. In addition, the increasing environmental problems caused by carbon emissions are focused on reducing air pollution with awareness of global warming. This factor is also expected to drive market growth. However, the high costs incurred during concentrated solar energy production hinder the market growth during the forecast period. In addition, increasing investments in various industries for renewable resources and increased acceptance of heat storage systems are factors that represent great opportunities for the market.
Key players in the concentrating solar power market such as Abengoa SA, Solarreserve, LLC, ACWA Power, Brightsource Energy, Inc., and Esolar, Inc. are actively focusing on signing contracts and agreements to supply concentrating solar powers. For instance, in 2018, Abengoa (Spain) received a contract worth USD 650 million to provide 3 200 MW parabolic trough plants to the 700 MW DEWA concentrated solar project in Dubai. Moreover, in 2016, Esolar, Inc. (US), received a contract from Aalborg CSP A/S (Denmark) to provide concentrated solar power in Australia. These contracts would propel the growth of concentrated solar power market.
Concentrated Solar Power Market Segmentation
By Technology
• Parabolic Trough
• Solar Power Tower
• Fresnel Reflectors
• Dish Stirling
By End-User Industry
• Residential
• Commercial
• Industrial
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Concentrated Solar Power Market Report
• What was the Concentrated Solar Power Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Concentrated Solar Power Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Concentrated Solar Power Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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