December 14, 2021 01:05 ET | Source: Fortune Business Insights Fortune Business Insights
Pune, India, December 14, 2021 (GLOBE NEWSWIRE) - By 2028, the global concentrating solar power market is expected to reach US$119.52 billion, with a compound annual growth rate of 16.2% during the forecast period. The existence of several large companies in this field will have a huge impact on the market's growth in the next few years. Increasing awareness of the use of natural energy rather than traditional energy will benefit market growth. According to a report entitled "Concentrating Solar Market 2021-2028" released by Fortune Business Insights, the market value in 2020 is 37.25 billion U.S. dollars.
High adoption of solar energy to support business
Concentrated solar energy allows solar energy to be concentrated with the help of mirrors placed in a specific way. This concept's ability to maximize the use of solar energy, avoid waste, and improve efficiency will drive global demand for this product. People's awareness of the adverse effects of excessive carbon emissions continues to increase, resulting in the follow-up demand to maximize the use of solar energy. Increasing environmental pollution and efforts to curb harmful gas emissions will lead to more widespread use of concentrated solar power in many countries around the world.
Request a sample PDF manual: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/concentrated-solar-power-market-100751
The report lists the major companies in the market:
The report provides a 360-degree overview of the market and highlights important factors that promote, exclude, challenge, and create opportunities for the market during the forecast period. The report also lists the names of the major players operating in the market and their strategies to win the largest market share. It also provides interesting insights into the market, current market trends, and developments in the market’s major industries. The report also discusses the breakdown table in detail, and lists the names of the leading market segments and their attribution factors. It can be sold on the company website.
According to technology, the market is divided into parabolic trough type, power tower type and linear Fresnel type. According to the application, the market is divided into residential, non-residential and public utilities. The parabolic trough is expected to occupy the largest share during the forecast period because it requires less capital investment than similar troughs.
Geographically, the market is divided into five key regions, including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
The COVID-19 pandemic may cause production to stop and the market will recover quickly
The recent coronavirus outbreak has caused panic in many business sectors around the world. With the rapid spread of the disease, governments around the world are forced to take strict measures to curb the spread of the disease. Although these measures are essentially implemented for a better cause, some factors have had a fierce impact on the world economy.
Quickly buy the concentrating solar market research report: https://www.fortunebusinessinsights.com/checkout-page/100751
Mergers and cooperation provide impetus
The report covers several factors that have contributed to overall market growth in recent years. Among all the factors, in recent years, more and more companies around the world have cooperated to implement CSP which has the greatest impact on market growth. Due to global efforts to curb carbon emissions, companies are cooperating, which provides them with a platform to integrate resources. In March 2019, Rioglass Solar announced that it had won a contract between Abengoa Energia and Shanghai Electric. The contract aims to provide parabolic trough receiver tubes and reflectors.
The number of solar projects continues to increase to help Europe grow
The report analyzes continuing market trends in five major regions, including North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. In all regions, the European concentrating solar market share is expected to dominate in the next few years. The presence of several large companies in multiple countries in the region will benefit the growth of the market.
Request customization: https://www.fortunebusinessinsights.com/enquiry/customization/concentrated-solar-power-market-100751
March 2020: Shouhang Hi-Tech Energy Technology Co., Ltd. (Shouhang) and the Gansu Provincial Government signed a cooperation agreement on the Jinta 100MW molten salt tower concentrating solar power project. The project will expire at the end of 2021
Talk to the analyst: https://www.fortunebusinessinsights.com/enquiry/customization/concentrated-solar-power-market-100751
Take a look at the relevant research insights:
Solar tracker market size, share and COVID-19 impact analysis, by type (photovoltaic (PV), concentrated solar (CSP)), by movement (single axis, dual axis), by application (utility, non-utility) , And regional forecasts, 2021-2028
Solar panel market size, share and industry analysis, by type (monocrystalline, polycrystalline, thin film), by application (photovoltaic concentrated solar energy), by end user (residential, commercial, industrial, public utility, space and defense, etc.) ) And regional forecasts, 2021-2028
Solar energy market size, share, and COVID-19 impact analysis, according to technology (solar photovoltaic {single crystal silicon, thin film, polysilicon and others}, and concentrated solar {parabolic trough, power tower and linear Fresnel}), through the application ( Residential, non-residential and public utilities) and regional forecasts, 2021-2028
Heat transfer fluid market size, share and industry analysis, by type (silicone oil, aromatic fluid, mineral oil, glycol-based fluid, etc.), by application (oil and gas, chemicals, concentrating solar energy, food and beverage, plastics, Pharmaceuticals, HVAC and others) and regional forecasts, 2020-2027
Solar module recycling market size, share and industry analysis, forecast 2021 by material (glass, plastic, silicon, metal, others), by-products (silicon-based photovoltaic, thin-film photovoltaic, other), process (thermal, mechanical, laser) and region -2028
Fortune Business Insights™ provides professional enterprise analysis and accurate data to help organizations of all sizes make timely decisions. We tailor innovative solutions for our customers to help them cope with the unique challenges facing their business. Our goal is to provide our customers with comprehensive market intelligence and a detailed overview of the markets in which they operate.
Our report contains a unique combination of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market research, interspersed with relevant data.
Fortune Business Insight™ Pvt. Limited company
Read the press release: https://www.fortunebusinessinsights.com/press-release/concentrated-solar-power-market-9437