Global Concentrated Solar Power Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023

Published - Apr 2019 | Category - Energy and Power | No. of Pages - 145 | Published By - EMR


The Global Concentrated Solar Power Market is expected to increase from USD 4,016 million in 2016, to USD 14,755 million in 2023, at a Flourish, CAGR of 15.3% from 2017 to 2023.

Concentrated Solar Power (CSP) Technology uses reflective surface to concentrate sunlight which is then converted to heat energy to create steam that drives turbine to generate electric power. CSP provides ample opportunity for the business to grow. The storage and backup abilities of CSP plants offers an added advantage for electric grids. CSP can be integrated with traditional thermal plants to provide cost effective energy solution. Further the effective heat storage, high efficiency and low cost are the factors that makes CSP a promising technology to be used in heat storage system. CSP finds its wide application in automotive, pharmaceuticals, refineries, large building, and military bases.

Global Concentrated Solar Power Market Major Key Players:
Energy Areva Solar
SkyFuel Inc.
Abengoa Solar S.A.
eSolar Inc.
SolarReserve LLC
BrightSource Energy Inc.
Siemens AG
Solar Millennium AG
NextEra Energy Resources LLC
SCHOTT Solar AG.


 

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