Concentrated Solar Power Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“Concentrated Solar Power Market Size Worth $8.92 Billion By 2025�
The global concentrated solar power market size is predicted to reach USD 8.92 billion by 2025, according to a new report by Grand View Research, Inc. Increasing awareness about renewable energy along with government regulations to control growing carbon footprint is further propelling the market growth. Increasing clean energy adoption over non-renewable fuels is expected to drive the global concentrated solar power over the forecast timeframe. Favourable government regulations towards reduction of carbon footprint and greenhouse gas (GHG) emissions will further enhance the business growth. Growing electricity demand along with rising investments to augment the efficiency index will provide an impetus to the market growth. The Federal Government sponsored USD 9 million towards the research and development of six new CSP projects in the country, to reduce the total project costs though technological growth. Substantial reduction in the component costs along with supportive government incentives like energy certificates, and carbon credits will expand the concentrated solar power market over the forecast period. Regulators around the world have been encouraging grid integration, making it an affordable alternative compared to non-renewable energy sources.
Concentrated Solar Power technology can store solar energy in the form of heat, even post sunset, which is perceived as the greatest advantage that it offers over all the other competing technologies. Reliable power supply coupled with flexibility in usage assist in bridging the demand supply defic it, currently faced by nations especially in the developing world. However, CSP technology is capital intensive as compared to other solar thermal technologies, as this may prove to be a restraint for the its adoption over the forecast period.
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For Detailed Report Description @ https://www.grandviewresearch.com/industry-analysis/concentrated-solarpower-csp-market
In terms of technology, the parabolic trough technology held over 75% of the global market share in 2016. Matured technology coupled with affordable costs as compared to other forms of available systems will positively influence the growth of the market over the forecast period. Power tower technology was valued over USD 955.5 million by 2025. Enhanced heat storage ability, higher efficiency, and favourable capacity factor will augment the business growth. Further key findings from the report suggest • The U.S. concentrated solar power market, in terms of value, will witness growth of over 18.9% over the forecast period. Favourable government initiatives like tax credits, installation cost subsidies among other benefits will augment the business growth. •
In Morocco, climatic conditions are favourable to the growth of CSP technology adoption, in tandem with the existing pipeline projects. Morocco market is expected to exceed USD 852.2 million over the forecast period.
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Spain market size is set to exceed USD 1.22 billion by 2025. Spain is the market leader with the maximum installed capacity in the world as of year 2017.
Grand View Research has segmented the global concentrated solar power market on the basis of product and region: Concentrated Solar Power Technology Outlook (Volume, Megawatts, 2014 - 2025) (Revenue, USD Million, 2014 - 2025) • Parabolic Trough •
Linear Fresnel
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Dish
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Power Tower
Concentrated Solar Power Application Type Outlook (Volume, Megawatts, 2014 - 2025) (Revenue, USD Million, 2014 - 2025) • Utilities •
Enhanced Oil Recovery
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Desalination
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Others
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions
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1.3. List of Data Sources 1.4. List of Abbreviations Chapter 2. Executive Summary 2.1. Market Snapshot Chapter 3. Concentrated Solar Market Variables, Trends & Scope 3.1. Market Segmentation & Scope 3.2. Penetraion & growth prospect mapping, 2014-2025 3.3. Value chain analysis 3.4. Regulatory framework 3.5. Technology Overview 3.6. Market dynamics 3.6.1. Market driver analysis 3.6.2. Market restraint analysis 3.7. Key opportunities prioritized 3.7.1. New market avenues 3.8. Industry analysis - Porter’s 3.9. PESTEL analysis Chapter 4. Concentrated Solar Power Market: Technology Estimates & Trend Analysis 4.1. Technology movement analysis & market share, 2016 & 2025 4.2. Parabolic Trough 4.2.1. Concentrated solar power market estimates and forecast, 2014 - 2025 (USD Million & Megawatts) 4.2.2. Concentrated solar power market estimates and forecast, 2014 - 2025 (USD Million & Megawatts) 4.3. Linear Fresnel Continue…………………. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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