Home Press Releases Europe to be Leading Producer of CSP; Global CSP Market to Reach US$8.67 bn by 2020
Europe to be Leading Producer of CSP; Global CSP Market to Reach US$8.67 bn by 2020
The global concentrated solar power market is progressing at a reportedly significant rate. According to a research report released by Transparency Market Research, the global concentrated solar power market is growing rapidly to reach US$8.67 bn by 2020, after being recorded around US$2.51 bn at the end of 2013. The report, titled “Concentrated Solar Power Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, is available for sale on TMR’s website.
Browse the full Concentrated Solar Power Market for product segment (Parabolic Trough, Tower, Fresnel and Dish Sterling) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2020 report at http://www.transparencymarketresearch.com/concentrated-solar-power-market.html
The report estimates that the global concentrated solar power market is expected to progress at a CAGR of 19.4% between 2014 and 2020 in terms of value. The global concentrated solar power market is expected to exhibit a 20.3% CAGR for the same forecast period in terms of volume.According to the report, the global concentrated solar power market is primarily driven by the inherent advantages that it offers. This includes durability, capability of cutting down on greenhouse gas emissions, and most importantly, cost-effectiveness.
Another driver of the global concentrated solar power market is the increasing concern of multiple nations about the rising global temperatures and the depleting reserves of conventional energy reserves. It is stated in the report that technologies related to concentrated solar power are being used in greater numbers around the world, thus propelling the global CSP market.Europe was revealed as the dominant region in the global concentrated solar power market for 2013. Europe held nearly 43% of the market in 2013. However, the economic downturn in the region has had a negative impact on the global concentrated solar power market, as it did on most other modern markets.
The report also shows how Europe will continue to lead the global concentrated solar power market in terms of usage, number of installations, and new projects. The forecast period will also witness a rapid growth rate for the concentrated solar power market in Asia Pacific and North America, due to growing concerns over the use of scarce conventional resources.It is also stated in the report that the four key technologies in the global concentrated solar power market are dish Stirling, Fresnel, tower, and parabolic trough. Of these, parabolic trough technology has matured the most and is the most widely used in commercial power plants. The report estimates that this segment may also witness the fastest growth rate in the global concentrated solar power market over the given forecast period.
Fresnel and tower are the two segments that follow parabolic troughs in terms of usage. A significant number of commercial and industrial power plants are in the midst of adopting dish Stirling technology as a means of initiation of demos and pilot projects for future benefits.The key players in the global concentrated solar power market as described in the report are BrightSource Energy, Inc., NextEra Energy Resources, LLC, GDF SUEZ, Ibereolica Group, and Abengoa Solar S.A.Major players in the global concentrated solar power market have benefitted significantly in the recent past due to the increasing pressure to use renewable energy sources.
Key segments of the Global Concentrated Solar Power Market
Global Concentrated Solar Power Market: Product Segment
- Parabolic Trough
- Solar Tower
- Linear Fresnel
- Dish Stirling
Global Concentrated Solar Power Market: Regional Segment
- North America
- Asia Pacific
- Rest of the World (RoW)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Mr. Nachiket Ghumare
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
- Industrial Emission Control Systems Market, by Emission Source (Power Plants, Chemical Process Industry, Marine Industry, Waste to Energy Industry, and Other Industries), Device Type (Electrostatic Precipitators, Catalytic Reactors, Incinerators, Filters, and Others) - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023
This research study analyzes the market for industrial emission control systems in terms of revenue (US$ Mn). The industrial emission control systems market has been segmented on the basis of emission source, type of emission control device, and geography. The geographical segmentation includes regions which are further divided into eight countries (major players in the global industrial emission control systems market). For the research, 2014 has been taken as the base year, while all foreca...
- Wind Turbine Operations and Maintenance Market, by Application (Onshore and Offshore) - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 - 2023
This research study analyzes the market for wind turbine operation and maintenance (O&M) in terms of revenue (US$ Mn). The wind turbine O&M market has been segmented on the basis of application and geography. The regional segment has been described separately for onshore and offshore wind turbine O&M market. Regional segment of onshore wind turbine O&M market is further divided into 37 sub-segments that comprise 33 countries, which are major players in the global wind turbine ...
- Torquing Tools Market for the Offshore Industry - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2015 - 2023
Increasing demand for the oil and gas coupled with growing exploration and production activities are the key factors of growth in the offshore industry. In turn, this drives growth in the torquing tools market. Increase in number of offshore platforms coupled with depleting oil and gas reserves are expected to fuel an additional demand for the torquing tools in the offshore industry. Additional investment is required to balance between the depleting reserves and growing energy demand and furt...