Concentrated Solar Power (CSP) Market growth is expected to gain high momentum during the forecast period due to the increasing adoption of technologies using renewable energy. Concentrated Solar Power (CSP) systems are used to generate solar power by concentrating a large amount of sunlight in a small portion. Solar power is used to generate electricity. They make use of mirrors or reflectors fitted with a solar tracking system. The concentrated solar power (CSP) market has been segmented on the basis of type and end-user.

Segment Analysis

Based on type, the concentrated solar power (CSP) market has been divided into the parabolic trough, linear Fresnel reflector, solar power tower, and dish Stirling. These types are differentiated based on the placing of the panels.

A parabolic trough is a system that has a parabolically curved reflector that concentrates the sunlight on the receiver pipe, which is a meter above the surface. The temperature of the fluid in the pipe is then raised and the heat is used to generate electricity in a steam generator. Linear Fresnel reflector is similar to the parabolic trough, with the difference being the reflectors are not curved. The power tower is used to focus the sunlight onto the receiver, which is situated on top of the tower. A dish Stirling consists of a curved focus concentrator in the shape of a dish that is mounted on a two-axis tracking system.

Based on end-user, the market has been segmented into residential, commercial, and industrial. Among these, the use of CSP is more in the industrial segment, as several industries, such as utilities and mining, among others, are making use of it.

Key Factors Impacting Market Growth:

• Increasing adoption of technologies using renewable energy
• Increasing support form governments in adopting these technologies
• The high cost of the system hinders the market growth

Regional Outlook:

The regional outlook for concentrated solar power (CSP) market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for concentrated solar power (CSP) market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of concentrated solar power (CSP) market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on. 

Asia Pacific is estimated one of the fastest growing regions for concentrated solar power (CSP) market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: Abengoa Solar S.A., NextEra Energy Resources LLC, SCHOTT Solar AG, Solar Millennium AG, SolarReserve LLC, BrightSource Energy Inc., eSolar Inc., SkyFuel Inc., and Areva Solar

Market Segmentation:

By Type:

• Parabolic Trough
• Linear Fresnel Reflector
• Solar Power Tower
• Dish Stirling

 By End User:

• Residential
• Commercial
• Industrial

By Region:

• North America
  • By Country (US, Canada, Mexico)
  • By Type
  • By End User
• Western Europe
  • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
  • By Type
  • By End User
• Eastern Europe
  • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Type
  • By End User
• Asia Pacific
  • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
  • By Type
  • By End User
• Middle East
  • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
  • By Type
  • By End User
• Rest of the World
  • By Region (South America, Africa)
  • By Type
  • By End User

Reasons to Buy This Report:

• Market size estimation of the global concentrated solar power (CSP) market on regional and global basis
• Unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment
• By Sub-segment
• By Region/Country

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