For More Information @ http://bit.ly/2kGEbZp Global concentrated solar power market demand from power tower is predicted to grow over 23% by 2025. Heat storage, improved performance, high efficiency, low cost, and high capacity factors are some of the advantages of power tower.

1. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Fuel Cell Market size worth $25.5bn by 2024
Global Concentrated Solar Power Market share to reach 24
GW by 2025: Global Market Insights Inc.

2. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
 Growing adoption of clean energy fuel over conventional fuel will drive the global
concentrated solar power market size over the forecast timeframe. Government
measure towards carbon footprints and greenhouse gas emissions may further
compliant the industry growth.
 Rising electricity demand coupled with increasing investments to raise efficiency
index will foster the concentrated solar power market share. In July 2016, U.S.
federal government funded USD 9 million towards research and development of
six CSP projects with an aim to reduce the overall project cost through
technological advancements.
 Declining component cost coupled with favorable government incentives including
carbon credits, and renewable energy certificates will upsurge the global
concentrated solar power market by 2025. Easy integration with grid makes it
most cost-effective energy alternatives for large scale power generation.
Key Insights from Concentrated Solar Power Market:

3. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
 Ability to store solar energy as heat, CSP can deliver low emission power, even
after the sun sets. Reliably and flexibly of power supply help to mitigate the supply
and demand mismatch. However, high capital cost compared to other available
sustainable energy may act as restraint over the forecast timeline.
 Parabolic troughs accounted for over 70% of the global concentrated solar power
market in 2015. Low cost with matured technology are some of the advantages
over other available thermal systems will may positively impact the business
growth.
 Global concentrated solar power market size from power tower for 2015 was
valued over USD 2.8 billion. Improved heat storage, high efficiency, low cost, and
effective capacity factor may favor the business landscape.
 U.S. concentrated solar power market share will see growth, of over 8% by 2025.
Federal government initiatives including tax rebate, financial assistance and net
metering will complement the industry outlook.
Continued...

4. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Global Concentrated Solar Power (CSP) Market installed capacity, by technology 2016 &
2025 (GW)

5. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Browse Full Market Research Report On Concentrated Solar Power
Market@ http://bit.ly/2nlebzY
Request for a Sample of this Research Report @
https://www.gminsights.com/request-sample/detail/1164

6. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Continued...
 Chile concentrated solar power market revenue is set to witness strong growth of
over 25% over the forecast timeframe. Favorable climatic conditions with strong
pipeline projects will boost the business. Morocco is set to exceed USD 5 billion
by 2025. Noor solar plan targets of 2 GW of solar capacity addition by 2020 will
positively favor the industry growth.
 Spain concentrated solar power market size for 2015 was valued over USD 15
billion. Government emphasis to replace conventional fossil fuel technology with
efficient clean energy technology will augment the industry landscape.
 China concentrated solar power market is predicted to exceed 7 GW by 2025. The
Government of China in its 13th five year plans aim to install 110GW solar power
plants, of which 5GW will be accounted from CSP. Favorable initiatives including
feed in tariff and tax benefits may further boost the business.
 Key industry players include Siemens, TSK Flagsol, NextEra Energy Resources,
eSolar, Solar Millennium, Areva, Acciona, Solar Reserve, BrightSource Energy,
and Abengoa.

7. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Stay In Touch
Website: www.gminsights.com
Social Media: