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Concentrated Solar Power Market share to hit 24 GW
by 2025: Fractovia.org
An outlook on Concentrated Solar Power Market growth is presented in this latest
research report that reviews industry growth drivers, trends, regional factors &
companies as well as provides forecasts for next few years.
The shifting global focus toward renewable energy sources will lead to concentrated
solar power market exhibiting a flourishing growth rate in the years ahead. The
industry participants can expect lucrative growth opportunities in the future to generate
significant revenue from concentrated solar power market. To expand their business
presence across the globe, many of the market players are adopting strategies such
as mergers and acquisitions & joint ventures. As per the report by Global Market
Insights, Inc., “The installation capacity of concentrated solar power market will cross
the limit of 24 GW by 2025.” This industry collected a revenue of USD 30 billion in
2015, owing to the benefits that CSP plants offer for electric grids in terms of backup
To overcome the energy deficiency caused due to the depletion of fossil fuels and
reduce GHG emissions, the world is shifting its focus toward renewable energy. This,
in turn, will boost concentrated solar power market share noticeably. U.S.
concentrated solar power industry generated a revenue of more than USD 12 billion
in 2015 and is predicted to record a considerable growth rate the years ahead. The
attributing factor toward the industry growth is implementation of stringent
governmental norms to reduce the carbon content in the environment. In addition,
financial support from the government in terms of tax subsidies and tariff will fuel
concentrated solar power market trends noticeably.
Technological advancements and huge investments in R&D will remarkably alter the
growth curve of concentrated solar power industry over the coming years of 2016 to
2025. Based on technology, power tower will register an annual growth rate of more
than 23% over the years ahead, owing to its enhanced performance, low cost, high
efficiency, and large capacity. Several companies have invested in this technology
subject to its excellent features. DLR had a major hand in installing the PS10 solar
power tower in Spain (the world’s first commercial concentrated solar power tower
plant). Speaking of Spain, in 2013, the country fulfilled more than 3.1% of the electricity
demand from photovoltaic plants and 1.8% with concentrated solar power plants.
Government encouragement toward the adoption of clean energy will stimulate Spain
concentrated solar power market share, which is anticipated to surpass a capacity of
3.5 GW by 2025.
Global Concentrated Solar Power (CSP) Market installed capacity, by
technology 2016 & 2025 (GW)
Parabolic trough technology accounted for more than 70% revenue share in 2015 and
will exhibit considerable growth rate over the period of 2016 to 2025, primarily driven
by its cost-effectiveness as well as high efficiency as compared to the other
technologies. Linear Fresnel is also another lucrative technology segment, which will
surpass a revenue collection of USD 9 billion by 2025. The revenue generation is
credited to its ground-based mirror design and the availability of collectors at
Chile concentrated solar power market will exhibit lucrative growth rate of more than
27% over the period of 2016 to 2025. The fact the major industry giants have planned
potential solar power projects in the region due to favorable climatic conditions will
push the regional growth.
India concentrated solar power market was worth around USD 1 billion in 2015 and
will generate lucrative revenue over the coming timeframe, primarily driven by the
steps the government has taken toward the production of energy from renewable
sources. The government is also providing significant funding to install CSPs across
the country to fulfill the increasing electricity demand.
Morocco concentrated solar power industry will collect a revenue of more than USD 5
billion by 2025, mainly driven by the favorable steps taken by the Moroccan Agency for
Solar Energy to install a solar power plant of capacity 2 GW.
The noteworthy participants in concentrated solar power market are BrightSource
Energy, NextEra Energy Resources, Siemens, Areva, Solar Reserve, Solar Millennium,
Abengoa, TSK Flagsol, Acciona, and eSolar.
Table of Content of Concentrated Solar Power Market:
Methodology & Scope
Initial data exploration
Statistical model and forecast
Industry insights and validation
Research scope and assumptions
Concentrated solar power industry 3600 synopsis, 2014 - 2025
CSP Industry Insights
Industry size & forecast, 2014 – 2025
Industry ecosystem analysis
Price trend analysis
Cost structure, by component
Innovation & sustainability
Regulatory trends & impact forecast
Industry impact forces
220.127.116.11 Favorable government initiatives
18.104.22.168 Rising electricity demand
22.214.171.124 Increasing clean energy demand
Industry pitfalls & challenges
126.96.36.199 High initial investment
188.8.131.52 Availability of other alternative sources
Growth potential analysis
3.10 Competitive landscape, 2015
3.10.1 Strategy dashboard
3.11 PESTEL analysis
Browse key industry insights spread across 117 pages with 149 market data tables &
11 figures & charts from the report Concentrated Solar Power Market in detail along
with the table of contents:
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