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.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
- Solar Wind Hybrid System Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2016 - 2023
One of the primary needs for the economic development of a country is to provide reliable and continuous power supply. Throughout the world fossil fuel reserves are depleting at a fast pace. In the present scenario, majority of the energy demand is met by fossil fuels. A small part of the demand is met by renewable energy technologies such as the solar, biomass, geothermal, wind. Soon there will be a situation when the entire world will face severe fuel shortage. According to the law of energ...
- Wind Turbine Alternator Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023
Wind energy is playing a critical role in establishment of an environmentally sustainable low carbon economy. The wind turbine alternator is an essential part of a fuel efficient wind power generation system. With developments in technology, turbine component manufacturing companies are producing fuel efficient and low maintenance wind turbine alternators. Permanent magnet series hybrid alternators have been developed which are far more efficient than conventional induction alternators. Wind ...
- Flexible Power Plant Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2016 - 2023
The global power plants continue to grow and reached a record high in 2011 while renewable energy power plant dominates followed by gas power plant and coal power plant. There is climatic change pathway due to emission of CO2 from them. To meet the need of dynamic global market, efficient and flexible power plants are required. Renewable sources are on the depletion phase with the majority of new installation being wind and solar. This increases the need for flexibility and back up in other r...