02 August 2018
The Concentrating Solar Power (Csp) Market Will See A Capital Expenditure (Capex) Of $12,568 Mn In 2018
Visiongain’ has launched a new energy report The Concentrating Solar Power (CSP) Market Forecast 2018-2028: Forecasts (CAPEX & Capacity) By Technology (Parabolic Trough, Fresnel Reflector, Solar Tower & Solar Dish) And By Geography Plus Profiles of Leading Companies in the Concentrating Solar Power Market
The Concentrating solar power (CSP) is a power generation technology which uses mirrors to concentrate energy from the sun which drives steam turbines and generators to produce electricity. The four major CSP technologies comprise of a parabolic trough, linear Fresnel reflector, solar tower and solar dish. The CSP technology has an ability to store energy so as to provide electricity as and when required and thus help reduce the development cost of new power plants. This can be beneficial to meet future demand for electricity.
Government incentives for CSP industry encourage the growth of CSP market. Several countries including China, US, India introduced feed-in tariff, federal incentives, tax benefits to promote CSP projects.
Growing concerns about depletion of fossil fuel and strict government regulations regarding carbon footprint reduction will drive the CSP market. In addition to industrialization, lack of infrastructure in developing countries and rising consumption of electricity.
The visiongain report analyst commented “Concentrating Solar Power Market is expected to witness a high growth on account of increasing electricity and sustainable energy demand. Favourable measures by the government to facilitate clean energy supply will boost the demand for Concentrating Solar Power globally. In addition, governments aim to provide reliable and continuous electric supply will positively impact the product penetration over the coming years.”
Leading companies featured in the report who are involved in Concentrating Solar Power (CSP) include BrightSource Energy Inc., Abengoa Solar SA, eSolar, Acciona, Solar Millennium AG, Siemens AG, SCHOTT AG, TSK Group, NextEra Energy Resources, LLC, SolarReserve, LLC, Novatec Solar, Lointek, ACWA Power, ENGIE Group, General Electric Company and Grupo COBRA.
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