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 concentrated solar power 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.
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 concentrating solar power market is expected to exceed USD 852.2 million over the forecast period.
- Spain concentrated solar power 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.
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Concentrating Solar Market Variables, Trends & Scope
Chapter 4. Concentrating Solar Power Market: Technology Estimates & Trend Analysis
Chapter 5. Concentrating Solar Power Market: Application Estimates & Trend Analysis
Chapter 6. Concentrating Solar Power Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Chapter 8. Company Profiles
- Abengoa Solar, S.A.
- Acciona Energy
- Areva Solar
- Brightsource Energy, Inc.
- eSolar Inc.
- GlassPoint Solar
- Novatec Solar
- Torresol Energy
- ZED Solar
For more information about this report visit https://www.researchandmarkets.com/research/jnt6mc/concentrating