TMCnet News
Concentrating Solar Power Market is expected to generate a revenue of USD 12.9 Billion by 2028, Globally, at 9.96% CAGR: Verified Market Research®The market report is a good combination of qualitative and quantitative data that highlights significant market changes, obstacles that business and the competition must overcome, as well as new possibilities and trends in the global Concentrating Solar Power Market JERSEY CITY, N.J., Jan. 20, 2023 /PRNewswire/ -- Verified Market Research® recently published a report, "Concentrating Solar Power Market" By Technology (Parabolic Trough, Power Tower, Linear Fresnel, Dish), By Application (Utility, EOR, Desalination), and By Geography.  As per the deep research carried out by Verified Market Research®, the global Concentrating Solar Power Market size was valued at USD 6.08 Billion in 2020 and is projected to reach USD 12.9 Billion by 2028, registering a CAGR of 9.96% from 2021 to 2028. Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=12192 Browse in-depth TOC on "Concentrating Solar Power Market" 202 - Pages Global Concentrating Solar Power Market Overview A concentrated solar power system uses mirrors to concentrate the sunlight into a beam of temperature ranging from 400 and 1,000 °C. This high temperature is used in the power generation process to heat water and then to convert it into steam for operating the generator turbines. Based on the requirements, the mirrors used in the system vary in shape and size. An increase in government support for the adoption of renewable technologies coupled with rising energy demand & capability to supply power without CO2 emission drives the growth of the market. Furthermore, the rise in environmental issues based on carbon emissions results in a focus to decrease air pollution as well as an increase in awareness of global warming. This factor is also expected to fuel market growth. However, the high cost incurred during concentrated solar power energy production hampers the market growth during the forecast period. Moreover, an increase in investment from different industries in renewable sources and an increase in acceptance of heat storage systems are the factors that represent great opportunities for the market. The market growth is attributed to growing conservational concerns over carbon emissions and exertions to decrease air pollution. Stringent government strategies to restrain the growing carbon footprint, coupled with monetary benefits presented to enhance the adoption of alternative sources of energy, are projected to boost the market growth. However, concentrated solar power technology is money intensive, which may demonstrate to be a limit to its adoption, unless and until reinforced by the government regulatory and institutional authorities. The global CSP market is expected to grow at a higher rate during the projected period owing to the need to decrease the carbon emission in the troposphere. Solar power is used as an afordable source for power generation and it aids to reduce energy bills as well as carbon dioxide emissions. Verified Market Research® narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The "Global Concentrating Solar Power Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market. Key Players The "Global Concentrating Solar Power Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Abengoa, BrightSource Energy Inc., Siemens Energy, Acciona, Aalborg CSP, TSK Fl, ACWA POWER, INITEC Energía, Torresol Energy, Enel Spa. Based on the research, Verified Market Research® has segmented the global Concentrating Solar Power Market into Technology, Application, and Geography.
Browse Related Reports: Solar Power Market By Technology (Solar Photovoltaics and Concentrated Solar Powers), By Application (Domestic Use and Utility-Scale Solar Projects), By Geography, And Forecast Graphene Supercapacitors Market By Product (Electrical Double Layer Capacitors, Faraday Quasi Capacitors, Hybrid Capacitors), By End User (Wind/Solar Power, Traffic, Industrial Equipment), By Geography, And Forecast Flat Glass Coatings Market By Resin (Polyurethane, Epoxy, Acrylic), By Technology (Solvent-Based, Water-Based, Nano Coatings), By Application (Mirror Coatings, Solar Power, Architectural), By Geography, And Forecast Solar Power Banks Market By Product (Single USB, Dual USB), By Application (Mobile, Tablet, Media Device), By Geography, And Forecast Top 5 Solar Energy Companies focusing on improving solar-based products and services Visualize Concentrating Solar Power Market using Verified Market Intelligence -: Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future. VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market. About Us Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions. Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research. We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries. Contact Us Logo: https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg 
|
View original content: