Regardless of a company’s size or income, the most recent research report from Quadintel offers a thorough analysis of the global Concentrating Solar Power Market for the years 2023–2030.
The global market report provides statistics and information on the evolution of the investment structure, technological advancements, industry trends and developments, market players’ capabilities, and in-depth details on the major market players. The analysis also includes a summary of the global market strategies that have been implemented in light of the industry’s present and future conditions.
An overview of the Concentrating Solar Power Market, the current state of the industry, market trends, significant market participants, product type, application, and geography are provided at the beginning of the study. It also covers how COVID-19 has affected market participants, end-user industries, future predictions, growth potential, and worldwide market trends.
Request To Download Free Sample of This Strategic Report:–https://www.quadintel.com/request-sample/global-concentrating-solar-power-market/3-6-1073
Market Overview:
Global Concentrating Solar Power Market is valued approximately USD 4.77 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 27% over the forecast period 2022-2029.
Mirrors are used to focus the incoming sunlight into a single spot for concentrated solar power. Here, the energy is transformed into heat, which can then be used to generate steam to power a turbine or as process heat in industry. These systems include thermal energy storage capabilities that enable them to produce power even when there is no sunlight or when it is cloudy. For this technology, a number of contemporary devices, including parabolic troughs, Fresnel reflectors, and power towers, are available. The best one can be used based on the circumstances. The Concentrating Solar Power market is expanding because of factors such as growing environmental concerns over carbon emissions and efforts to reduce air pollution, support from governments to enable adoption of renewable technologies, effective integration of CSP systems with thermal storage systems. However, higher cost of generation compared with other renewable technologies may halt market growth.
By 2022, the Indian government wants to install 175 GW of renewable energy capacity, of which 60 GW will come from wind, 10 GW from biopower, 100 GW will come from solar, and 5 GW will come from small hydropower. Similarly, the Spanish government increased its goal for renewable energy to 74% by 2030 and plans to add 157 GW of additional renewable energy capacity. The IEA estimates that CSP generation rose by 34% in 2019. This can be accomplished by sustaining legislative support for CSP projects in the Middle East and Africa, Asia Pacific, and North America. As a result, it is anticipated that more concentrating solar power technologies will be installed, which will spur market expansion. Furthermore, integration of CSP in hybrid power plants and use of CSP in desalination and enhanced oil recovery processes a lucrative market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Concentrating Solar Power Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the space in terms of revenue, owing to growing demand for continuous generation of electricity and increasing support from governments to adopt renewable technologies.
Request a Sample PDF copy of the report @–https://www.quadintel.com/request-sample/global-concentrating-solar-power-market/3-6-1073
Major market players included in this report are:
- General Electronics
- Abengoa
- BrightSource energy
- Acwa power
- Glasspoint solar
- Enel green power
- Solarreserve
- Aalborg csp
- TSK Flagsol engineering gmbh
- Alsolen
Recent Developments in the Market:
In January 2022, Part of the Mohammed bin Rashid Al Maktoum Solar Park mega-project south of Dubai, Abengoa has finished building three 200 MW parabolic trough units. The business managed the technology, design, engineering, and construction of the parabolic trough plants while working under a contract with the phase IV EPC contractor Shanghai Electric Group.
In June 2021, ACWA entered into an offtake agreement with Eskom Holdings SOC Ltd to finance the construction of the biggest concentrated solar power facility in South Africa,. Redstone CSP is anticipated to begin commercial operations in the fourth quarter of 2023 and is planned to have a 100 MW generation capacity. The CSP plant will have a 12-hour thermal energy storage system so that it can supply electricity to about 200,000 houses around-the-clock.
In April 2019, The ASHALIM project, a solar field with 121 MW of power that started operating in 2019, was a collaboration between BrightSource Energy and General Electric. The solar power plant’s engineering, procurement, and construction (EPC) was handled by GE, and BrightSource provided the cutting-edge solar field technology.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Technology offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Technology:
Solar Powers Towers
Linear Concentrating Systems
Dish Stirling Technology
By Operation Type:
Stand -Alone
Storage
Download Free Sample of This Strategic Report: –https://www.quadintel.com/request-sample/global-concentrating-solar-power-market/3-6-1073
By Capacity:
Less than 50 MW
50 MW to 99 MW
100 MW and Above
By End User:
Utilities
Enhanced Oil Recovery
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Request full Report Description, TOC, Table of Figure, Chart, etc.@–https://www.quadintel.com/request-sample/global-concentrating-solar-power-market/3-6-1073
Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
Request Full Report–https://www.quadintel.com/request-sample/global-concentrating-solar-power-market/3-6-1073
About Quadintel:
We are the best market research reports provider in the industry. Quadintel believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Quadintel is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Quadintel:
Email:sales@quadintel.com
Address: Office – 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)
Website:https://www.quadintel.com/