Description
The Global Solar Thermal Power Marketis expected to grow at a rapid pace owing to increasing worldwide renewable energy demand. The solar thermal power generates heat or produces electricity by using the sun’s rays.It has a massive energy source-the Sun.It is a carbon-free source of energy. It is a reliable, energy generation solution. It can help reduce the consumption of fossil fuels and help mitigate the climate change.
Market Dynamics
The rapidly growing renewable energy demand is one of the prime drivers for the market. Consumers are becoming conscious of the detrimental effect of the use of fossil fuels on the environment. Technological advancements are helping to reduce the costs of generating solar energy.
The unfavorable government regulations and inadequate investment incentives could be a constraint for the market. Taxation policies could increase the cost leading to high energy prices. Technical and economic viability is also a concern as the costs of the equipment is high.
The opportunity for the market lies in the potential of the solar energy to meet global electricity demand. The costs will reduce with increase in the market volume leading to more customer acceptability. Research and development hold a key to boosting the market.New emerging markets provide a key for the future market growth.
Market Segmentation
The market is segmented in terms of the type of technology usedin theparabolic trough, central receiver, and Fresnel linear reflector.
Regional/Geographic Analysis
The market is shifting from the developed countries to developing countries. Emerging countries are showing high interest in solar energy. North America dominates the market with Europe in the second position. Asia and the Middle Eastcome next in the list. Africa shows the highest growth prospective in the future.
Key Players
Some of the major players in the market includeNovatec Solar, Skyfuel, Abengoa, Entegra, Bright Source, Airlight, ENEL, Acciona, Thai Solar Energy Company Ltd., Infnia, eSolar, SolarReserve, Cobra and Xcel Energy.
- 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
