Concentrated solar power is a technology that can harness the sun’s energy potential and provide reliable renewable energy. Market Research Future (MRFR) has published a research report about the global concentrating solar power market that predicts growth for this market at between 2016 and 2022.
Analyzing the market structure, this report gauges the future growth potential of the market. It monitors the plans of the key players in the market and supports the competitive developments like joint ventures, new product developments, mergers & acquisitions, research and developments (R&D) in the market.
The prominent factors driving the global concentrating solar power market growth include growing awareness about eco-friendly power, need for renewable sources of energy, cost-effective energy, and low maintenance costs. However, the high cost of initial installation can limit market growth.
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Prominent Players
The key players in the global concentrating solar power market include Abengoa Solar S.A. (Spain), Acciona S.A. (Spain), Areva Solar (USA), BrightSource Energy Inc. (USA), eSolar Inc. (USA), SkyFuel Inc. (USA), SolarReserve LLC (USA), Solar Millennium AG (Germany), Schott Solar AG (Germany), and TSK Flagsol (Germany).
Concentrating Solar Power Market Segments Analysis
The global concentrating solar power market has been segmented on the basis of application, product, and lastly, region.
The application-based segmentation segments this market into commercial application, industrial application, residential application.
Commercial areas are places where businesses and retail stores are located. Industrial areas are areas where factories and manufacturing units are located. Residential areas are areas where residential premises are located.
Based on product, the market has been segmented dish sterling, linear Fresnel, parabolic trough, and solar tower.
The regional segmentation of the global concentrating solar power market segments the market into the regional markets known as North America, Asia Pacific, Europe, and rest of the world (RoW).
Geographic Analysis
Europe is a priority regional market due to new projects, government initiatives towards grid-scale renewable power generation, and a number of installation security of supply with an objective to reduce greenhouse gas emission.
In North America, the market is significant due to established industries, government initiatives favoring eco-friendly methods of power generation, and the presence of many key market players in North America.
During the forecast period, the Asia Pacific regional market is expected to grow at high speed due to major installations taking place in countries such as China and India.
The RoW segment lists the countries of the Middle East & Africa (MEA). In the MEA region, the market is limited due to poor countries, lack of awareness, lack of technological advancement, and lack of education.
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LIST OF TABLES
Table 1 Global Concentrating Solar Power Market, By Product
Table 2 Global Concentrating Solar Power Market, By Application
Table 3 Global Concentrating Solar Power Market, By Regions
Table 4 North America Concentrating Solar Power Market, By Country
Table 5 North America Concentrating Solar Power Market, By Product
Table 6 North America Concentrating Solar Power Market, By Application
Table 7 U.S. Concentrating Solar Power Market, By Product
Table 8 U.S. Concentrating Solar Power Market, By Application
Table 9 Canada Concentrating Solar Power Market, By Product
Table 10 Canada Concentrating Solar Power Market, By Application
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