New York, Sept. 23, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Concentrating Solar Power Market by Technology, Operation Type, Capacity, End User, Region – Global Forecast to 2027” – https://www.reportlinker.com/p04698520/?utm_source=GNW
Linear Concentrating Systems: The Second Largest Segment of the Concentrating Solar Power Market, by Technology”
On the basis of technology, the concentrated solar power market has been divided into solar power towers, linear concentrating systems, and flat Stirling technology. Linear concentrating system is estimated to account for the second largest concentrated solar power market share in 2021.
The reduction of CAPEX and the generalization of the implementation of parabolic vessels and linear Fresnel technologies are the key factors that motivate the implementation of linear concentration systems.
The 100MW+ segment is expected to emerge as the largest capacity-based segment
The concentrated solar power market has been segmented into under 50 MW, 50 MW to 99 MW and 100 MW and above based on capacity. 100MW and above are expected to hold the largest market share. The 100MW and above segment is driven by the need to install concentrated solar power systems for utility power generation applications in regions such as Asia-Pacific, the Middle East and the United States. ‘Africa
The Middle East and Africa is expected to be the second largest market during the forecast period.
The Middle East and Africa is expected to be the second fastest growing market due to the need for water desalination, and the development of renewable energy sectors in countries such as the United Arab Emirates, Saudi Arabia and South Africa are driving the concentrated solar power market in this region.
Distribution of primaries:
In-depth interviews were conducted with various key industry players, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify information critical qualitative and quantitative, as well as to assess the future prospects of the market. The breakdown of primary interviews is as follows:
• By type of business: Level 1: 65%, Level 2: 24% and Level 3: 11%
• By designation: C-level executives – 30%, administrators – 25% and others – 45%
By region: North America – 27%, Europe – 20%, Asia-Pacific – 33%, Middle East and Africa – 8% and South America – 12%
Note: Other includes Product Engineers, Product Specialists, and Technical Managers.
Note: Company tiers are defined based on their total revenue as of 2021. Tier 1: >$1 billion, Tier 2: $500 million to $1 billion, and Tier 3: <$500 million
The concentrated solar power market is dominated by a few major players that have a broad regional presence. The major players in the concentrated solar power market are Abengoa (Spain), BrightSource Energy (US), ACWA Power (Saudi Arabia), SolarReserve (US) and Aalborg CSP (Denmark).
Research Coverage:
The report defines, describes and forecasts the global concentrated solar power market by technology, type of operation, capacity, end-user and region. It also offers detailed qualitative and quantitative analysis of the market.
The report provides a comprehensive review of key market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market.
These include analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future Concentrating Solar Power market trends.
Key Benefits of Purchasing the Report
1. The report identifies and discusses key Concentrating Solar Power markets which would help CSP technology manufacturers examine the growth in demand.
2. The report helps system vendors understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players to better understand their competitors’ strategies and help them to make better strategic decisions.
Read the full report: https://www.reportlinker.com/p04698520/?utm_source=GNW
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