2021 Concentrated Solar Power Industry Global Analysis Report

Stratistics MRC 2021 Concentrated Solar Power Market report is generation of electricity via mirrors to concentrate the sunrays to the temperature between 400 and 1,000 °C.

Concentrated solar power energy is generation of electricity via mirrors to concentrate the sunrays to the temperature varying between 400 and 1,000 °C. This energy is then usually employed in various applications such as heating fluid, mainly water or oil, which in turn produces steam or hot air. The steam produced is used to drive turbines connected to a generator to generate electricity. There are different types of mirror shapes and sun-tracking methods to provide useful energy, but all of them work under a same principle of driving a heat engine to generate electricity that can then be fed into the grid.
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Asia Pacific is projected to have the highest CAGR over the forecast period due to the growing in installations of concentrating solar power (CSP) plants. China is projected to grow at the highest CAGR during the forecast period. This is mainly due to the increasing investment in concentrating solar power for stabilizing power grid which is driving this country. Constant increase in population and improvement in lifestyle have supplemented the growth of the Asia-Pacific CSP market. Furthermore, growth in manufacturing industries, rise in economic growth rate, increase in foreign investments, and universal shift in production capacities from developed to emerging economies drive the Asia-Pacific CSP market. Furthermore, the region focuses on the need to generate continuous renewable electricity to support growing economic activities.

Some of the key players profiled in the Concentrated Solar Power Market include Aalborg CSP A/S, Abengoa Solar, S.A, ACWA Power, Archimede Solar Energy, Baysolar CSP, Chiyoda Corporation, Cobra Energia, Esolar, Inc, Frenell GmbH, General Electric, GlassPoint Solar, Hayward Tyler, Nexans, Novatec Solar, Shams Power, Shouhang, Siemens AG, Solarreserve, LLC, Soltigua, Torresol Energy, Brightsource Energy, Inc, and TSK Flagsol Engineering GmbH.
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