Concentrated Solar Power Market Will Continue to Grow by 2020
Concentrated solar power (CSP) is also called as concentrated solar thermal. Solar energy can be used to create electricity in two separate ways. First is solar concentrators and the second is photovoltaic systems. Concentrated solar power is a technology that generates electricity by concentrating solar energy in a main point. It is use to focus sunlight. Concentrated solar power plant generates electric power uses mirrors to concentrate the large area of sunlight onto a small area and also focus the sun’s energy. CSP can also provide combined power and heat, particularly in desalinization plants. Concentrated solar power technologies subsist in five general types, such as parabolic trough, enclosed trough, concentrating linear Fresnel reflector, dish Stirlings and solar power tower.
Concentrated solar power market is mainly driven by various benefits offered over conventional source of power. Use of CAP can result into significant reduction in greenhouse gas emissions, durability and cost-effectiveness. The major driving factor for the global concentrated solar power market is growing awareness about environmental concerns. Rising prices of conventional energy is also expected to fuel the growth of this industry. Government initiatives and funding has provided strong boost to the growth of concentrated solar power market across the world. However, high cost of electricity generation is expected to hamper growth of concentrated solar power market.
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Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa with its further bifurcation into major countries including U.S., Germany, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for concentrated solar power based on individual products in all the regions and countries. Europe was dominated concentrated solar power market in 2014. North America and Asia Pacific are also growing region in concentrated solar power market due to the use of scarce conventional resources.
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The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include Areva Solar Ibereolica Group, Abengoa Solar S.A., kyFuel, Inc., Acciona S.A., GDF SUEZ, NextEra Energy Resources, LLC., Bright Source Energy, Inc, Solar Millennium AG, Solar Reserve, LLC and SCHOTT Solar AG.
Concentrated solar power Market: Product Segment Analysis
- Parabolic Trough
- Solar Tower
- Linear Fresnel
- Dish Stirling
Concentrated solar power Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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