Global Concentrated Solar Power Market 2018-2022 to Post 19% CAGR | Technavio

October 10, 2018

LONDON--(BUSINESS WIRE)--Oct 10, 2018--According to the market research report released by Technavio, the global concentrated solar power market is expected to accelerate at a CAGR of nearly 19% during the forecast period. Thermal energy storage increasing operational time of concentrated solar power is one of the key factors triggering the growth of the market.

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According to the market research report released by Technavio, the global concentrated solar power market is expected to accelerate at a CAGR of nearly 19% during 2018-2022. (Graphic: Business Wire)

This research report titled ’ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only:

The market research analysis categorizes the global concentrated solar power market into the following technologies:

Parabolic trough collector Solar tower

In 2017, the parabolic trough collector segment accounted for 85% of the global market and is projected to reach 86% by 2022, exhibiting almost 1% increase in market share.

Global concentrated solar power market: Top emerging trend

The use of hybrid concentrated solar power plant is an emerging trend in the concentrated solar power market space. Concentrated solar power plants are facing issues of solar power intermittency. However, this can be resolved by incorporating a thermal energy storage system with concentrated solar power plants. To allow concentrated solar power plants to provide baseload electricity, the use of hybrid concentrated solar power plants are on the rise. Hybrid concentrated solar plants may add a fossil fuel power plant to provide peak load power requirements. Several companies are adopting this trend and combining concentrated solar power plant with natural gas or coal-fired power generation facilities.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

Market Outline Global Concentrated Solar Power Market Overview

Market Insights

Market Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends

Market Segmentation Analysis

Regional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by technology (parabolic trough collector and solar tower)

Vendor Landscape

Vendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Abengoa, ACCIONA, ACS Group, SENER group, and SolarReserve)

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 10/10/2018 02:35 PM/DISC: 10/10/2018 02:35 PM


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