Dublin, April 08, 2020 (GLOBE NEWSWIRE) -- The "Concentrated Solar Power - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.
The Global Concentrated Solar Power market accounted for $5.57 billion in 2018 and is expected to reach $14.84 billion by 2027 growing at a CAGR of 11.5% during the forecast period. Some of the key factors influencing market growth include growing environmental concerns over carbon emissions and efforts to reduce air pollution, increase in government support for the adoption of renewable technologies, rise in energy demand & capability to supply power without CO2 emission. However, the higher cost of generation compared to other renewable technologies is restricting market growth.
Concentrated solar power energy is the 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 the 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 the Middle East, South Africa, parts of India, China, Southern U.S., and Australia.
Amongst technology, the parabolic trough segment led the overall concentrating solar power market during the forecast period. A parabolic trough is one of the oldest technologies used to generate electricity from concentrated solar power. All parabolic trough plants used presently are "hybrids," and they utilize fossil fuel to supplement the solar output during low solar radiation periods. These systems are applicable in all types of end-user industries such as utilities, Enhanced oil recovery, and other end-users such as mining and desalination among others. Parabolic trough technology is the most commercialized and mature technology in the CSP technology arena.
By Geography, The Asia-Pacific concentrated solar power market offers lucrative opportunities for key manufacturers, owing to rapid installation capacity of solar energy to increase renewable generation. Besides, China is actively boosting the growth of the market to cope up with its severe pollution problems and develop its domestic manufacturing industry. Furthermore, the availability of low labour has led to an increase in energy production through concentrated solar power, which fuels the growth of the market in the region.
Some of the key players in global concentrated solar power market are Shams Power, ACWA Power, Frenell GmbH, Archimede Solar Energy, Abengoa Solar, S.A., Baysolar CSP, Esolar, Inc., TSK Flagsol Engineering GmbH, Torresol Energy, Brightsource Energy, Inc., Cobra Energia, General Electric, Siemens AG, Soltigua, GlassPoint Solar, Solarreserve, LLC, Nexans, Aalborg CSP A/S., Chiyoda Corporation, and Novatec Solar.
What the report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
2 Preface
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Concentrated Solar Power Market, By Component
5.1 Introduction
5.2 Power Block
5.3 Thermal Energy Storage System
5.4 Solar Field
5.4.1 Pump and Heat Transfer Fluid
5.4.1.1 Water-based
5.4.1.2 Oil-based
5.4.1.3 Molten Salt
5.4.2 Reflectors
5.4.3 Heat Collection Element (HCE)
5.4.4 Tower/Concentrator Structure
6 Global Concentrated Solar Power Market, By Technology
6.1 Introduction
6.2 Solar Power Tower
6.3 Parabolic Trough
6.4 Linear Fresnel Reflectors
6.5 Dish Stirling/Engine Systems
6.6 Enclosed Trough
7 Global Concentrated Solar Power Market, By Capacity
7.1 Introduction
7.2 >100 MW
7.3 >50100 MW
7.4 50 MW
8 Global Concentrated Solar Power Market, By Storage
8.1 Introduction
8.2 Without Storage
8.3 With Storage
9 Global Concentrated Solar Power Market, By End User
9.1 Introduction
9.2 Commercial
9.3 Domestic
9.4 Residential
9.5 Utilities
9.6 Industrial
9.6.1 Electricity Generation
9.6.2 Enhanced Oil Recovery
9.6.3 Water Desalination
9.7 Non-Residential
10 Global Concentrated Solar Power Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Shams Power
12.2 ACWA Power
12.3 Frenell GmbH
12.4 Archimede Solar Energy
12.5 Abengoa Solar, S.A.
12.6 Baysolar CSP
12.7 Esolar, Inc.
12.8 TSK Flagsol Engineering GmbH
12.9 Torresol Energy
12.10 Brightsource Energy, Inc.
12.11 Cobra Energia
12.12 General Electric
12.13 Siemens AG
12.14 Soltigua
12.15 GlassPoint Solar
12.16 Solarreserve, LLC
12.17 Nexans
12.18 Aalborg CSP A/S.
12.19 Chiyoda Corporation
12.20 Novatec Solar
For more information about this report visit https://www.researchandmarkets.com/r/ers2ju
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