Below are some of the key findings from the concentrated solar power market research report

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Global concentrated solar power industry overview

The demand for thermal energy storage to increase the operational time of concentrated solar power is one of the major factors driving the concentrated solar power market growth. Concentrated solar power plants can only generate power during sunrise and sunset. The incorporation of thermal energy storage (TES) technology allows storage of the thermal energy collected during the day from these concentrated solar power plants, and its use to generate power when the sun is down. This raises the operational time of the concentrated solar power plants. Concentrated solar plants are being installed with TES technology to increase the capacity factor rating. This is expected to provide a major boost to the adoption of concentrated solar power as a primary source of electricity generation.

The introduction of hybrid concentrated solar power plants will be one of the key concentrated solar power market trends contributing to the market growth in the upcoming years. Hybrid concentrated solar power plants is being utilized as a means to provide baseload electricity. Hybrid concentrated solar power plants may add fossil fuel power plant to provide peak power load requirements; or combine concentrated solar power plant with solar PV or biomass combined heat and power (CHP) plant. These hybrid plants provide flexibility in power generation, along with lower fossil fuel consumption and higher plant efficiency. The concentrated solar power market forecast predicts that fueled by these factors, the market will grow at a CAGR of almost 19% during the forecast period.

Top concentrated solar power companies covered in this market research report

The concentrated solar power market is moderately fragmented. The market is in the growth phase and open to opportunities. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this concentrated solar power industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.

The report offers a complete analysis of various companies including:

• Abengoa
• ACCIONA
• ACS Group
• SENER group
• SolarReserve

Concentrated solar power market segmentation based on geographic regions

• Americas
• APAC
• EMEA

Global concentrated solar power market analysis reveals that EMEA will continue to lead the concentrated solar power market share, and account for the highest market growth throughout the forecast period.

Concentrated solar power market segmentation based on technology

• Parabolic trough collector
• Solar tower
• Others

The parabolic trough collector segment will account for the largest concentrated solar power market size and the highest concentrated solar power market growth in the forecast period. Additionally, the report also provides an accurate prediction of the contribution of the various technologies to the growth of the concentrated solar power market size.

Key highlights of the global concentrated solar power market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the concentrated solar power market during the next five years
• Precise estimation of the global concentrated solar power market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the concentrated solar power industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of concentrated solar power companies

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