Concentrated Solar Power Market expected to show steady growth by 2020

Concentrated Solar Power Market
Concentrated Solar Power Market

Concentrated Solar Power Market

Concentrated solar power (CSP) is also called as concentrated solar thermal. Solar energy can be used to create electricity in two separate ways. First is solar concentrators and the second is photovoltaic systems. Concentrated solar power is a technology that generates electricity by concentrating solar energy on the main point. It is used to focus sunlight. The concentrated solar power plant generates electric power uses mirrors to concentrate the large area of sunlight onto a small area and also focus the sun’s energy. CSP can also provide combined power and heat, particularly in desalinization plants. Concentrated solar power technologies subsist in five general types, such as parabolic trough, enclosed trough, concentrating linear Fresnel reflector, dish Stirling, and solar power tower.

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Concentrated solar power market is mainly driven by various benefits offered by the conventional source of power. Use of CAP can result into significant reduction in greenhouse gas emissions, durability, and cost-effectiveness. The major driving factor for the global concentrated solar power market is growing awareness about environmental concerns. Rising prices of conventional energy are also expected to fuel the growth of this industry. Government initiatives and funding has provided the strong boost to the growth of concentrated solar power market across the world. However, the high cost of electricity generation is expected to hamper the growth of concentrated solar power market.

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This report provides detailed analysis and forecast of the concentrated solar power market on a global and regional level. The report includes the detailed competitive landscape of the global concentrated solar power market and an analysis of Porter’s five forces model for the concentrated solar power market has also been included. It includes company market share analysis, the product portfolio of the major industry participants. The report provides detailed segmentation of the concentrated solar power market based on products and region segment. Key product market for concentrated solar power includes parabolic trough, solar tower, linear Fresnel, and dish Stirling. The parabolic trough was the leading product segment for concentrated solar power market. Parabolic Trough is the most developing technology and it is commonly used in commercial level for power production. Parabolic Trough segment followed by the solar tower and linear Fresnel segment are also expected to growing segment in this market.

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Major regional segments analyzed in this study include North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa with its further bifurcation into major countries including U.S., Germany, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for concentrated solar power based on individual products in all the regions and countries. Europe was dominated concentrated solar power market in 2014. North America and Asia-Pacific are also growing region in concentrated solar power market due to the use of scarce conventional resources.

The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include Areva Solar Ibereolica Group, Abengoa Solar S.A., kyFuel, Inc., Acciona S.A., GDF SUEZ, NextEra Energy Resources, LLC., Bright Source Energy, Inc, Solar Millennium AG, Solar Reserve, LLC and SCHOTT Solar AG.

Concentrated solar power Market: Product Segment Analysis

  • Parabolic Trough
  • Solar Tower
  • Linear Fresnel
  • Dish Stirling

Concentrated solar power Market: Regional Segment Analysis

  • North AmericaU.S.
  • EuropeGermany
  • France
  • UK
  • Asia PacificChina
  • Japan
  • India
  • Latin AmericaBrazil
  • The Middle East & Africa

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