Lewes, DE -- (SBWire) -- 01/25/2018 --Concentrated solar panel, based on technology can be segmented into parabolic trough collector and solar tower. The parabolic trough collector segment accounted for the maximum share of the concentrated solar power market during 2017. According to our analysts, this segment will continue to contribute to the maximum share of this market during the forecast period as well. The increased usage of concentrated solar power systems will be a major factor driving the market's growth prospects in EMEA.
Report forecast the global concentrated solar power market to grow at a CAGR of 18.65% during the period 2018-2022.
The report covers the present scenario and the growth prospects of the global concentrated solar power market for 2018-2022. To calculate the market size, the report considers the revenue generated from the concentrated solar power.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one of the major drivers for this market is demand for thermal energy storage to increase the operational time of concentrated solar power. The concentrated solar power plants can only generate power during the sunrise and sunset times. The introduction of thermal energy storage technology allows storage of the thermal energy it collects from these concentrated solar power plants and uses it to generate power when the sun is down, providing increased assistance in raising the operational time of the concentrated solar power plants. For instance, SolarReserve is one of the key companies that has adopted the solar thermal storage technology.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Global Concentrated Solar Power Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global concentrated solar power market: Abengoa, ACCIONA, ACS Group, SENER group, and SolarReserve.
Market driver
- Demand for thermal energy storage to increase the operational time of concentrated solar power
- For a full, detailed list, view our report
Market trend
- Introduction of hybrid concentrated solar power plants
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 112 pages "Global Concentrated Solar Power Market 2018 - 2022" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market Sizing, Five Forces Analysis, Market Segmentation By Technology, Customer Landscape, Regional Landscape, Decision Framework, Drivers And Challenges, Market Trends, Vendor Landscape, Vendor Analysis, Appendix.
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