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$10.96 Billion Concentrating Solar Power Market 2017 by Technology, Components, End-User and Region - Global Forecast to 2021 - Research and Markets

(February 17, 2017)

DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Concentrating Solar Power Market by Technology (Parabolic Trough, Power Tower, Linear Fresnel & Dish/Engine system), Components (Solar field, Power Block, and Thermal Storage), End-User (Utilities, EOR & Others), and Region - Global Forecast to 2021" report to their offering.


The global concentrating solar power market is projected to grow at a CAGR of 10.3% from 2016 to 2021, to reach a market size of USD 10.96 Billion by 2021.

The growth is attributed to growing environmental concerns over carbon emissions and efforts to reduce air pollution, policy support from governments to enable adoption of renewable technologies and dispatchability of power.

The report segments the concentrating solar power market based on end-users into utilities, enhanced oil recovery and others (mining & desalination). Utilities segment is the largest end-user of concentrating solar power owing to the growing number of medium to large scale projects under development and in pipeline across the globe.


Based on technology, the parabolic trough segment is expected to dominate the concentrating solar power market during the forecast period.

The market has also been segmented based on the components into three sub-segments: solar field, power block and thermal storage.

The solar field segment is the largest market; due to large number of complex and costly subcomponents within the segment.

Market Dynamics

Drivers

  • Growing Environmental Concerns Over Carbon Emissions and Efforts to Reduce Air Pollution
  • Policy Support From Governments to Enable Adoption of Renewable Technologies
  • The Ability to Supply Dispatchable Power

Restraints

  • Higher Cost of Generation Compared to Other Renewable Technologies

Opportunities

  • Application in Hybrid Power Plants
  • Mining Industry Investing in Renewables
  • Applications in Desalination and Enhanced Oil Recovery

Challenges

  • Land and Water Requirements
  • Technical Challenges

Companies Mentioned

  • ACWA Power
  • Aalborg CSP A/S.
  • Abengoa Solar, S.A.
  • Acciona Energy
  • Alsolen
  • Archimede Solar Energy
  • Baysolar CSP
  • Brightsource Energy, Inc.
  • Cobra Energia
  • Esolar, Inc.
  • Frenell GmbH
  • Nexans
  • Siemens AG
  • Solarreserve, LLC
  • Solastor
  • Soltigua
  • TSK Flagsol Engineering GmbH

For more information about this report visit http://www.researchandmarkets.com/research/52hhdp/concentrating


Contacts

Research and Markets
Laura Wood, Senior Manager
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Related Topics: Solar Power


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