Portland, Oct. 07, 2019 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global concentrated solar power market was pegged at $3.79 billion in 2018 and is projected to garner $8.04 billion by 2026, growing at a CAGR of 10.3% from 2019 to 2026.
Increased demand for renewable energy and the discovery of innovative ways to utilize solar energy in emerging countries have boosted the growth of the global concentrated solar power market. However, high initial investment hampers market growth. On the contrary, supportive government initiatives and the emergence of awareness programs are expected to create lucrative opportunities in the near future.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/3093
The global concentrated solar power market is divided on the basis of technology, end-user industry, and geography. Based on technology, the market is segmented into the parabolic trough, solar power tower, Fresnel reflectors, and dish Stirling. The parabolic trough segment dominated the market in 2018, contributing more than three-fifths of the market and is expected to maintain its dominance throughout the forecast period. However, the solar power tower segment is expected to register the fastest CAGR of 12.5% during the study period.
On the basis of the end-user industry, the market is bifurcated into residential, commercial, and industrial. The industrial sector held the largest share in 2018, accounting for more than two-fifths of the market. Moreover, the segment is anticipated to manifest the fastest CAGR of 10.6% from 2019 to 2026.
Have Any Query? Ask our Research Experts: https://www.alliedmarketresearch.com/purchase-enquiry/3093
The global concentrated solar power market is analyzed across various regions such as North America, Europe, Asia-Pacific, and MEA. The market across Europe held the largest share in 2018, contributing more than two-fifths of the market share. However, the market across MEA is estimated to register the fastest CAGR of 11.7% during the study period.
The global concentrated solar power market report provides an in-depth analysis of the market players such as Abengoa, SolarReserve, Acciona, ACWA Power, BrightSource Energy, Suntrace, GE Energy, Frenell GMBH, SCHOTT, and Siemens.
About Us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.