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Concentrating Solar Power Market Report (2023-2032)- Competitive Landscape, Recent Developments, Future Outlook And Major Players | Abengoa S.A., BrightSource Energy Inc., ACWA Power, Aalborg CSP A/S, SolarReserve
Concentrating Solar Power Market
Concentrating Solar Power Market Size, Growth Rate, And Forecast:
The global concentrating solar power market size grew from $5.61 billion in 2022 to $6.78 billion in 2023 at a compound annual growth rate (CAGR) of 20.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The concentrating solar power market size is expected to grow to $13.18 billion in 2027 at a CAGR of 18.1%.
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Concentrating Solar Power Market Drivers:
Growing demand for renewable energy is driving the growth of the concentrating solar power market. Renewable energy is collected from renewable resources such as wind, rain, sunlight, tides, waves, and geothermal heat that reduces the effects of global warming and rising issues related to fossil fuels. The rising demand for electricity coupled with the stringent regulations of greenhouse gas emissions supports the demand and adaption of renewable energy. Concentrating solar power technologies employ mirrors to concentrate (focus) the sun's light energy and convert it to heat, which drives a turbine that generates electricity.
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Concentrating Solar Power Market Segments:
By Technology: Parabolic Trough, Solar Power Tower, Fresnel Reflectors, Dish Stirling
By Capacity: Less Than or Equal To 50 MW, Greater Than 50 MW To Less Than or Equal To 100 MW, Greater Than 100 MW
By Heat Transfer Fluid: Molten Salt, Water-Based, Oil-Based, Other Heat Transfer Fluids
By Storage: With Storage, Without Storage
By Application: Utility, EOR, Desalination, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Concentrating Solar Power Market.
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Concentrating Solar Power Market Key Players:
Major competitors in the concentrating solar power market include Abengoa S.A., BrightSource Energy Inc., ACWA Power, Aalborg CSP A/S, SolarReserve, Atlantica Sustainable Infrastructure plc, GE Renewable Energy.
The Business Research Company's "Global Concentrating Solar Power Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Concentrating Solar Power Market Include:
1. Executive Summary
2. Concentrating Solar Power Market Characteristics
3. Concentrating Solar Power Market Trends And Strategies
4. Impact Of COVID-19 On Concentrating Solar Power
5. Concentrating Solar Power Market Size And Growth
……
26. Africa Concentrating Solar Power Market
27. Concentrating Solar Power Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Concentrating Solar Power Market
29. Concentrating Solar Power Market Future Outlook and Potential Analysis
30. Appendix
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