Concentrated Solar Power Industry 2019
Description:-
A concentrated solar power also called as the concentrated solar thermal is a system which generated solar power by using lenses or mirrors for concentrating a large area of suns’ rays onto a small area. Through this equipment, electricity is generated by the conversion of light into heat. The panels drive a head engine to undergo thermochemical reaction. The global market of CSP is dominated by the parabolic trough plants that accounted for almost 90% of concentrated solar power plants at one point.
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The largest CSP project is the United States. In the majority of the cases, the concentrated solar power technologies cannot compete with the price of photovoltaic solar panels that have witnessed huge growth in the last ten years because of the smaller operating cost and the falling prices. CSP commonly requires an extensive amount of direct solar radiation, and its energy generation can fall directly through the cloud cover.
However, photovoltaics can produce electricity from diffused radiation. Through, a benefit of CSP over the photovoltaic conversion is that it can incorporate the thermal energy storage with better efficiency, which stores energy in the form of sensible heat or the latent heat, and enables these plants to continue generating electricity as the need be. This is valuable in places with a high penetration of PV, for example, California.
Market Segmentation
The Market segment of Concentrated Solar Power is usually done based on type. Here the product can be split into system type. The three main system type with access to solar energy conversion into heat energy are trough systems, dish systems, and the central receiver system. Depending on the type of system, the solar panels of these units are designed. Similarly, the market can also be segmented by Application. Most common of all these three varieties are CSP’s trough system, which uses mirrored parabolic for focusing the sun’s energy.
Geographical Market Segmentation
The Geographical market segmentation for Concentrated Solar Power can be observed into seven main regions of countries. These countries are the top consumers because of technological advancement and infrastructure happening at a rapid rate. These countries are North America, China, Europe, Japan, India, Central America, Southeast Asia, and South America. Of these countries, America tops the list because of ever-growing innovations and technological advancements.
Top Market Players
Some of the top market players Concentrated Solar Power is located in America, more specifically in Northern America and then the Southern parts. The companies that have gained a competitive edge are Abengoa, ACCIONA, ACS Group, SENER group, and SolarReserve. These companies based in different parts of the world have been growing rapidly because of the increasing demand for a cost-efficient Concentrated Solar Power.
Latest News
Lately, ACCIONA announced a central receiver system which can use thousands of heliostats for reflecting a large amount of sun’ energy onto a receiver which will be located on the topmost position of a tall tower. Unlike other systems, it has more components for energy conversion.
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Table of Contents – Major Key Points
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
Continued…..
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