(MENAFN- America News Hour) There is a high demand for energy and the conventional energy sources would not be able to meet the entire energy demand. The growth of the renewable energy sector is inevitable, and the most reliable source of clean and renewable energy is solar energy. There is a rapid rise in the various technologies associated with the solar energy, and solar plants are being established in many regions.
End User Industry
The end user industries for concentrated solar power can be numerous. All the industries require energy for operations, which can be provided by solar energy. Households can shift from conventional energy to renewable energy sources. Industries like refineries, steel, paper, fabric, automobile, and many others are the potential end users of concentrated solar power.
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Market Dynamics
The increase in the population and the industries have adverse effects on the environment, and the non-renewable energy sources. Renewable energy is accepted as the future of the world, and this fact is proving to be inevitable. Even the governments all around the world are supporting the rise in the solar power industry and providing incentives for investors and businesses to set up plants and projects across their respective countries.
Market Segmentation
On the basis of technology, the concentrated solar power market can be divided into Parabolic Trough, Linear Fresnel, Power Tower, and Dish System. The rise in the parabolic trough is predicted to be the maximum in the solar division due to the high efficiency it provides.
The dish system is the most recent invention and has already disrupted the concentrated solar power market. This market can also be segmented on the basis of components, in which the market would be divided into Power Block, Solar Field, and Thermal Storage.
Regional/Geographic Analysis
Asia-Pacific is among the fastest growing regions in the solar power market, as the countries are attracting many foreign investors to set up large-scale projects. Europe is currently the leader in the CSP market, having a high proportion of the global solar power capacity. North America also has a high proportion of solar energy in the energy mix of the region, but the growth rate is comparatively lower than APAC. Africa and the Middle East have a high potential market which is yet to be grabbed by major players.
Opportunities
The unit costs of solar projects around the world are decreasing, which shows the support of the governments and the rapid increase in competition. Local players may enter the market but they would not be able to compete with the giants as they have established the operational efficiency and reduced the costs.
The technology associated with solar projects are quickly becoming more efficient and small players would require path-breaking innovation to make it big in this field. Firms also have options of investing into the solar business, which would provide positive returns in the future.
Key Players
The key industrial players in the concentrated solar power market are Areva, eSolar, Acciona, Abengoa, Solar Millenium, Phelan Energy Group, Acme Group, Siemens, GDF Suez, Schott AG and Torresol Energy.
Report Contents Regional Analysis Report Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R & D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
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Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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