Some of the key players in the Concentrating Solar Power Market are: Atlantica Yield, BrightSource, NextEra Energy, SENER Group, Tonopah Solar, Florida Power & Light Co., NRG Energy, Acciona Energia, Reliance Power Ltd., Alphabet, FG Emvelo, ACWA Power, Solafrica Thermal Energy, Terra-Gen, Abengoa Solar and Godavari Green Energy Ltd. among others.
The Global Concentrating Solar Power Market size is estimated to be USD 37.40 billion in 2019 and is projected to reach USD 114.42 billion by 2030 with a CAGR of 10.7% from 2020-2030.
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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. Thus, concentrated solar power energy is a carbon-free source of electricity and is best suited to regions with strong radiation such as Southern Europe, Northern Africa and Middle East, South Africa, parts of India, China, Southern U.S., and Australia.
The report segments the concentrated solar power market on the basis of technology, end user industry, and region. Based on technology, the concentrated solar power market is divided into parabolic trough, solar power tower, fresnel reflectors and dish stirling. Parabolic trough is one of the earliest use technology in the concentrated solar power market. In parabolic trough technology the sun’s energy is concentrated by parabolically curved, trough-shaped reflectors onto a receiver pipe running along the inside of the curved surface. The temperature of the thermal oil or other heat transfer fluid flowing is increased from 293ºC to 393ºC through the pipe, and the heat energy is then used to generate electricity in a conventional steam generator. On the basis of end user industry, the concentrated solar power market is classified into residential, commercial, and industrial. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Recent Developments:
· In May 2020, Abengoa formed a consortium with Acciona to build the Cerro Dominador solar thermal plant owned by EIG Global Energy Partners. The consortium has led the melting process of 46,000 tons of salts from the Chilean Atacama Desert having a capacity of 110 MW..
· In December 2019, BrightSource Energy developed a solar-cured coating for DEWA Tower CSP. The coating was designed for longer service lifetime and higher absorptance than the standard Pyromark coating and to help reduce O&M costs..
· In October 2018, ACWA Power expanded by developing a storage technology that enabled utility-scale renewable energy production in Africa. The integration of CSP with thermal storage helps to solve the issues of electricity as the region suffers from energy problems.
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Concentrated solar power is a technology that harnesses the sun’s energy potential and provides reliable renewable energy.
It produces electricity on demand as well as provides dispatchable source of renewable energy.
Concentrating solar power are widely used in residential, commercial, and industrial areas.
Moreover, growing environmental concerns over carbon emissions, Government support and incentives to enable adoption of renewable technologies are some factors which driving the market of concentrating solar power.Global Key Players and Competition AnalysisThe 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 FlagsolRequest a Sample Report @ https://www.marketresearchfuture.com/sample_request/2104Segmentation AnalysisThe MRFR analysis is segmented into three key dynamics for the convenience of understanding: -By Application: Residential, Commercial, Industrial.By Product: Parabolic Trough, Solar Tower, Linear Fresnel.By Region: North America, Europe, APAC and Rest of the World.Regional AnalysisEurope is expected to lead the Concentrating Solar Power Market in terms new projects, number of installation security of supply with an objective to reduce greenhouse gas emission.
Moreover, government initiatives towards grid scale renewable power generation act as a primary driver for the growth of market in the Europe.Browse the market data and information spread across 110 pages with 27 data tables and 15 figures of the report “Global Concentrating Solar Power Market Research Report- Forecast 2022” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/concentrating-solar-power-market-2104About Market Research Future:At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.To stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.Contact:Market Research FutureOffice No.
The Global Concentrating Solar Power Market size is estimated to be USD 4.57 billion in 2019 and is predicted to reach USD 36.20 billion by 2030 with a CAGR of 20.7% from 2020-2030.The Global Concentrating Solar Power Market report factual examinations gives showcase statistical data points to comprehend the present and future development of the worldwide Concentrating Solar Power Market.
Our examination will empower you to take educated choices in the worldwide Concentrating Solar Power Market identifying with acquisition, stock, evaluating, and generation.Request sample copy of this report at:-https://www.nextmsc.com/concentrating-solar-power-market/request-sampleTop Companies: Atlantica Yield, BrightSource, NextEra Energy, Sener Group, Tonopah Solar, Florida Power & Light Co., NRG Energy, Acciona Energia, Reliance Power Ltd and others.Global Concentrating Solar Power Market by Geography: - Latin America, North America, Asia Pacific, the Middle East and Africa and Europe.The prime goal of this Concentrating Solar Power advertise report is to enable the client to comprehend the market as far as its definition, division, showcase potential, persuasive patterns, and the difficulties that the market is confronting.
Profound inquiries about and investigations were finished during the planning of the report.
This upgrades the visual portrayal and furthermore helps in understanding the certainties much better.
The report centers around worldwide real driving Concentrating Solar Power Market players giving data, for example, organization profiles, item picture and determination, limit, creation, value, cost, income and contact data.
Upstream crude materials and gear and downstream interest examination is likewise completed.Inquire for discount offer at:-https://www.nextmsc.com/concentrating-solar-power-market/inquire-before-buyingStudy on Table of Contents:Concentrating Solar Power Market Overview, Scope, Status and Prospect (2015-2020) covering COVID-19 Pandemic.Global Concentrating Solar Power Market Competition by ManufacturersGlobal Concentrating Solar Power Supply (Production), Consumption, Export, Import by Region (2015-2020)Concentrating Solar Power Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and Downstream Buyers, Marketing Strategy Analysis, Distributors/TradersGlobal Concentrating Solar Power Market Effect Factors Analysis and Forecast (2020-2030)Research Findings and Conclusion Appendix – Methodology/Research Approach, Market Size Estimation, Data Source, Secondary Sources, Primary Sources, and Disclaimer.About Next Move Strategy Consulting:Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share.
