Published Date: Mar 2019 | Report ID: GMI1164 | Authors: Ankit Gupta, Aditya Singh Bais



Report Format: PDF | Pages: 265 | Base Year: 2018

Industry Trends

Concentrated Solar Power Market size was valued over USD 8 billion in 2018 and annual installed capacity is set to exceed 800 MW by 2025.



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Stringent environmental regulations and ongoing government initiatives toward promotion of renewable energy favored by carbon emission reduction targets will drive the Concentrated Solar Power market. For instance, according to the UN in December 2017, China has achieved its 2020 carbon reduction targets three years ahead of schedule. However, the industry may witness subdued growth on account of cheaper renewable alternatives including solar photovoltaic (PV), which pose significant threat across thebusiness landscape.



CSP market will witness growth on account of appreciable decline in overall project capital expenditure primarily characterized by growing competition fueled by reverse bidding processes. As per a study by International Renewable Energy Agency (IRENA) in 2018, the capex of CSP projects has declined by over 35% from 2013 levels. Shifting trends of project location toward Middle East and Asia Pacific region along with advancing thermal energy storage technology will further stimulate the business growth.



Concentrated Solar Power Market Report Coverage Report Coverage Details Base Year: 2018 Market Size in 2018: 8 Billion (USD) Historical Data for: 2014 to 2017 Forecast Period: 2019 to 2025 Pages: 265 Tables, Charts & Figures: 476 Geographies covered (15): U.S., Canada, Mexico, Spain, Greece, China, India, Australia, Israel, UAE, Kuwait, Morocco, South