Concentrating Solar Power use mirrors to focus sun’s light energy and convert it into heat. The plants consist of two parts, one that collects solar energy and converts it to heat or converts the heat energy to electricity.
The global market of Concentrating Solar Power around the world is growing rapidly due to factors such as heat stored and used even if sun is not shining as well as most cost-effective solar option for large-scale electricity generation are booming the market of concentrating solar power market. Advances in system design have made power plants more efficient at producing electricity. Moreover, factors like low maintenance cost of these panels and growing investments in clean energy are driving the concentrated solar power market. Geographically, Europe Concentrating Solar Power market share witness considerable growth on account of Increasing environmental concern and government supportive initiatives which drives the market in this region.
CSP is more expensive to install than the widely used conventional solar panels. Rising prices of conventional energy and concerns over future energy supply will drive the growth of the global concentrated solar power market. Moreover, has opportunity to grow with the adoption of heat storage systems and hybridization of concentrated solar power plants with conventional thermal plants. However, the high cost of electricity generation is expected to undermine the growth of the market.
Feb 2018 JA Solar Holdings Co Ltd which is a Chinese solar products maker recently stated that it has supplied for a portion of a 250-MW project in Israel about 35 MW of photovoltaic (PV) modules. The mono PERC modules are fuelling a solar plant inside the 250-MW Ashalim park in the Negev desert, which will pool concentrating PV technology and solar power (CSP). When finished, the whole complex is anticipated to source 2% of Israel’s total electricity demand.
Sep 2017 Dubai Electricity and Water Authority of late presented a record bid of $7.3 cents per KWh for the 700MW parabolic trough concentrated solar power phase 4 of the Mohammed bin Rashid Al Maktoum Solar Park in a Saudi Arabia- China consortium.The plan is regarded as the main concentrated solar power development in the world, and was given to a consortium involving China’s Shanghai Electric and Saudi Arabia’s ACWA Power. The mega venture will cost around $3.9 billion, and is anticipated to be built in stages, with the first stage planned for the fourth quarter of the year 2020. Though, financial closure has not been attained yet, it is known that $850 million of the amount will come from ACWA equity. The project will include the world’s highest solar tower of 260 meters.
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The major player operating in the market of Global Concentrating Solar Power are Areva Solar, Abengoa Solar S.A., SkyFuel Inc., eSolar Inc., BrightSource Energy Inc., Acciona S.A., SolarReserve LLC, Solar Millennium AG, SCHOTT Solar AG, TSK Flagsol
Global Competitive Analysis
The sector is undergoing considerable transformation which has accelerated the growth pace of the sector. The industry players in the segment are efficiently utilizing their primary resources to initiate long lasting growth changes. A trend of volume-driven growth has been witnessed in the market of late with the development of different varieties of product types. The best long-term growth opportunities for this sector can be harnessed by ensuring ongoing process improvements and maintaining financial flexibility to invest in the optimal strategies. Conversely, with companies aiming to capture a considerable share of the market segment as early as possible, experimentation with various advantage points is being seriously considered and implemented.
The leading market players in the market for global insulation include Huntsman Corporation, Knauf Gips, Owens Corning, CertainTeed Corporation, Johns Manville to name a few.
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Table of Content
1 MARKET INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.3 MARKET STRUCTURE:
1.3.1 GLOBAL CONCENTRATING SOLAR POWER MARKET: BY PRODUCT
1.3.2 GLOBAL CONCENTRATING SOLAR POWER MARKET: BY APPLICATION
1.3.3 GLOBAL CONCENTRATING SOLAR POWER MARKET: BY REGION
2 RESEARCH METHODOLOGY
2.1 RESEARCH TYPE
2.2 PRIMARY RESEARCHPT
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
2.4.3 MARKET CRACKDOWN & DATA TRIANGULATION
3 MARKET DYNAMICS
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