Description
The global solar energy market is on a continuous and exponential rise around the globe. There is a rapid rise in the technologies associated with solar energy, and the CSP market supports various technologies. The parabolic trough is a thermal energy collector that is shaped like a parabola which is an efficient energy collector due to its curved shape. This device is usually aligned on an N-S axis and the energy collector rotates according to the movement of the sun across the sky. The collector is made up of numerous Solar Collector Modules.
End User Industry
The manufacturers of parabolic troughs cater to the solar energy market in which various global or national firms are moving into. Countries all over the world have various projects for solar energy plants and on few occasions, there are tie-ups with solar equipment manufacturers.
Market Dynamics
The aim of the governments all around the world is to attract various investors, both domestic and foreign, into the field of solar energy to have a multiplying effect on the initial investment. Many countries are rapidly accepting the change from conventional energy sources to renewable energy sources and the environment is completely in favor of this change. Solar energy, being the most readily available source of energy, is being backed the most.
Market Segmentation
In the concentrated solar power market, the parabolic trough is a segment of the market which is known for its unique technology. Parabolic heat energy collectors can be divided according to the mirrors used, which can be either a single parabolic mirror or many smaller mirrors arranged in rows. The shape of the parabolic trough can be either a U-shape, in which one or many parabolic mirrors are used or a V-shape, in which two mirrors are placed at a particular angle and joined on one side.
Regional/Geographic Analysis
The European countries have many policies strongly favoring the solar energy sector. Big Asian countries like India and China have many projects in various parts of the countries and this attracts investors from all around the world. The North American market is also stable and there are many requirements for upgradation along with many new projects.
Opportunities
Massive improvements in the manufacturing technology used in solar power plants have led to the reduction in the cost of solar panels which has resulted in a reduction in the cost of solar power generation. The strategic policies of the governments are also being molded in the favor of solar power generation, which would increase the proportion of solar power in the energy mix of the world. The rise in the parabolic trough CSP would be among the maximum in the solar division due to its high efficiency.
Established firms all around the world are investing in solar energy as it is supposed to be the most reliable source of renewable and clean energy. There are great opportunities to invest in or establish businesses catering to this market.
Key Players
The major key players catering to the parabolic trough CSP market are Acciona, Abengoa Solar, Torresol Energy, GDF Suez, Iberiolica, Schott AG, and Millenium AG.
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage